{"id":13247,"date":"2025-09-16T17:23:14","date_gmt":"2025-09-16T17:23:14","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/09\/16\/indias-multistorey-market-soars-apartment-prices-up-87-in-five-years-rentals-surge-227-real-estate-news\/"},"modified":"2025-09-16T17:23:14","modified_gmt":"2025-09-16T17:23:14","slug":"indias-multistorey-market-soars-apartment-prices-up-87-in-five-years-rentals-surge-227-real-estate-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/09\/16\/indias-multistorey-market-soars-apartment-prices-up-87-in-five-years-rentals-surge-227-real-estate-news\/","title":{"rendered":"India\u2019s Multistorey Market Soars: Apartment Prices Up 87% In Five Years, Rentals Surge 227% | Real Estate News"},"content":{"rendered":"


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Magicbricks data shows multistorey apartment prices rose 87 percent since 2021, with Gurgaon and Greater Noida leading. Rentals surged 227 percent.<\/h2>\n
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The country\u2019s multistorey residential market has recorded remarkable growth over the last five years, with average apartment prices rising 87% since 2021, according to the data revealed by Magicbricks. The surge underscores strong investor confidence and changing consumer preferences, as demand shifts from compact units to larger homes and rentals.<\/p>\n

According to the data insights, Delhi-NCR has emerged as the country\u2019s most dynamic growth corridor, with Gurgaon (+166%) and Greater Noida (+163%) witnessing the steepest increase in multistorey prices. Mumbai (+107%) continues to remain India\u2019s priciest multistorey market, with demand spilling into luxury high-rises and penthouses. Other tech-driven cities such as Bangalore (+105%), Hyderabad (+90%), and Pune (+92%) have also powered the surge, reflecting the housing demand created by IT and startup hubs.<\/p>\n

Consumer preference has decisively shifted towards spacious homes. Demand for 4BHK (+90%) and 5BHK (+95%) multistorey apartments surged sharply, while compact configurations like 1BHK (-51%) and 2BHK (-24%) saw significant declines. This has highlighted the growing appetite for luxury living and lifestyle-driven housing choices.<\/p>\n

Further, the rental market has expanded even more dramatically, with multistorey rentals growing 227% in five years. Affordability pressures and mobility requirements have reshaped housing choices, making rentals a prominent part of India\u2019s multistorey landscape. Interestingly, while prices surged, the average cover area of apartments increased only 15%, showing that value appreciation has far outpaced size growth.<\/p>\n

At the same time, sales activity has seen some moderation, with new launches dipping 5% and resale transactions declining 3%. This reflects the evolving nature of demand, as the segment is increasingly being driven by luxury buyers and tenants.<\/p>\n

The data from Magicbricks confirms a definitive trend: India\u2019s housing market is being reshaped by the rise of multistorey living. From affordability and rental patterns to lifestyle aspirations and investment strategies, the country\u2019s urban narrative is shifting skyward with NCR, Mumbai, and tech cities leading the charge.<\/p>\n

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Varun Yadav<\/a><\/p>\n

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

First Published:<\/span><\/p>\n
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September 16, 2025, 15:25 IST<\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> real-estate<\/a> India\u2019s Multistorey Market Soars: Apartment Prices Up 87% In Five Years, Rentals Surge 227%<\/span><\/div>\n
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Last Updated:September 16, 2025, 15:25 IST Magicbricks data shows multistorey apartment prices rose 87 percent since 2021, with Gurgaon and Greater Noida leading. Rentals surged 227 percent. News18 The country\u2019s multistorey residential market has recorded remarkable growth over the last five years, with average apartment prices rising 87% since 2021, according to the data revealed…<\/p>\n","protected":false},"author":1,"featured_media":13248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-13247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/13247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=13247"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/13247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/13248"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=13247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=13247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=13247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}