Greater Noida Leads India with 29.5% QoQ Rental Demand Increase for Second Quarter
Greater Noida is at the forefront of India's rental market. It recorded an impressive 29.5% quarter-on-quarter (QoQ) increase in demand from July to September 2025, as per Propertywala.com's Rental Index. This significantly surpasses the national average increase of just 0.2% QoQ. For the second consecutive quarter, this micro-market takes the number one position.
Why Greater Noida Is Unique
As other cities slow down, Greater Noida continues to thrive. National demand rose only 0.2% QoQ and 0.4% year-on-year (YoY). Supply also increased slightly, by 0.6% QoQ and 5.9% YoY. Despite this, rents rose by 4.4% QoQ and 18.1% YoY across the country. Greater Noida defies the trend of deceleration. Its demand surge far exceeds Delhi's 17.8% and Noida's 10.8% increases.
Tenants are drawn to this area. Mid-sized homes (500-1,500 sq ft) account for 77% of the interest. 1BHKs represent 32% of the searches. Semi-furnished properties dominate the market with 51% demand and 54% supply, appealing to the area’s expanding mid-income demographic.
Main Factors Behind the Growth
Infrastructure development, such as roads, metro connections, and the Noida International Airport, attracts workers and families. Better connectivity enhances convenience. New transport corridors increase the attractiveness for professionals.
Here are the factors boosting demand:
- Growing metro and highways: Shortens travel times to Delhi.
- Proximity to airport: Encourages job creation.
- Affordable mid-range supply: Suits young families and newcomers.
- Stable employment hubs: IT and commercial areas are on the rise.
Delhi experienced a 17.6% QoQ increase in supply, the highest among major cities. This creates a balance in the market. Yet, Greater Noida continues to draw tenants.
National Overview: Cooling with Some Hot Spots
Major cities like Chennai, Bengaluru, Hyderabad, Pune, and Mumbai saw declines ranging from 1.2% to 7.2% QoQ. Kolkata was an exception with a 5.4% rise. Thane led in rent increases with a 12.5% QoQ jump.
Rents are still on the rise despite a decline in demand. Thane: 12.5%, Chennai: 6.7%, Mumbai: 4.9%, Delhi: 4.5%. NCR remains strong.
| City/Micro-Market | Demand QoQ | Rent QoQ |
|---|---|---|
| Greater Noida | +29.5% | N/A |
| Delhi | +17.8% | +4.5% |
| Noida | +10.8% | N/A |
| National Average | +0.2% | +4.4% |
Implications for You
Landlords are feeling confident about returns, while tenants now have a wider range of mid-sized homes to choose from. Investors, too, are eyeing steady growth here. The way Greater Noida is evolving makes it a space worth watching, especially as new supply continues to enter the market.
The market is gradually finding its balance, but the NCR region, driven largely by Greater Noida, continues to stay ahead. With better infrastructure and diverse housing options, it remains one of the most active rental hubs in India.