Mid-segment housing demand surges 24.9% in India’s emerging corridors: Magicbricks report

India’s real estate market is witnessing a notable shift in buyer preference, with emerging peripheral corridors gaining strong traction, particularly in the mid-segment housing category. According to a recent market intelligence report by Magicbricks, search inquiries for mid-segment properties have increased by 24.9 percent year on year, highlighting growing interest in what are now being termed as satellite hubs and growth corridors.

These locations, often situated on the outskirts of major cities, are becoming increasingly attractive due to rapid infrastructure development. Expansion of metro rail networks, new highway stretches, and improved road connectivity are playing a key role in transforming these areas into viable residential destinations. As accessibility improves, homebuyers are looking beyond traditional city centers and exploring these well connected micro markets.

The report identifies the mid-segment category, priced between ₹75 lakh and ₹1.5 crore, as the primary driver of this growth. Over the past four quarters, capital values in these emerging corridors have recorded a steady increase of around 5 percent. This trend reflects a balanced mix of demand from both homebuyers and long term investors who see potential in these evolving locations.

Another important factor supporting demand is the relatively stable home loan interest rates, which have ranged between 7.25 percent and 9.65 percent. This has helped maintain affordability levels for a large section of buyers, particularly those upgrading from rental housing or smaller homes.

Industry experts believe that infrastructure is no longer just a supporting factor but has become the main catalyst driving real estate expansion. As connectivity continues to improve, the boundaries of established residential zones are gradually expanding, giving rise to new economic clusters across cities.

With increasing digital engagement, Magicbricks also reported strong platform activity, with over two crore monthly users and more than 15 lakh active property listings. This reflects the growing scale and evolving dynamics of India’s real estate market, especially in emerging growth corridors.