Delhi-NCR has cemented its position as the strongest performer in India’s rental housing market, even as the broader national market shows clear signs of cooling after three consecutive quarters of heightened activity.

According to the Magicbricks’ Rental Index for the July–September 2025 (JAS ’25) quarter reports, Greater Noida led the country with a striking 29.5% quarter-on-quarter (QoQ) surge in rental demand, followed by Delhi at 17.8% and Noida at 10.8%.

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This sharp rise comes at a time when nationwide rental demand grew only 0.2% QoQ and 0.4% year-on-year (YoY), while supply increased 0.6% QoQ and 5.9% YoY, indicating a gradual rebalancing of the market.

Despite the moderation in overall activity, rents continued to rise across India.

Average rents climbed 4.4% QoQ

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