Housing Sales Dip in Tier 2 Cities, Value Rises 6%
Real Estate

Housing Sales Dip in Tier 2 Cities, Value Rises 6%

Housing sales across India’s top 15 Tier 2 cities declined by 8 per cent to 43,781 units in the first quarter of 2025, down from 47,378 units in the same period last year, according to a report by data analytics firm PropEquity. Despite this drop in volume, the total sales value rose by 6 per cent to Rs 404.43 billion, compared to Rs 381.02 billion in Q1 2024.
Among these cities, Lucknow led the growth with a 25 per cent year-on-year increase, selling 1,301 units compared to 1,040 in the previous year. Coimbatore followed with a 21 per cent rise, Gandhinagar at 18 per cent, and Mohali with a marginal 2 per cent growth.
The remaining 11 cities experienced a downturn in sales. Visakhapatnam recorded the steepest decline at 37 per cent, followed by Jaipur at 32 per cent, Bhopal at 31 per cent, and Nagpur at 21 per cent. Ahmedabad and Goa reported the smallest drops, both at just 1 per cent.
The report highlights the diverging trends within India’s Tier 2 real estate markets, with some cities showing resilience amid overall softening demand.

Housing sales across India’s top 15 Tier 2 cities declined by 8 per cent to 43,781 units in the first quarter of 2025, down from 47,378 units in the same period last year, according to a report by data analytics firm PropEquity. Despite this drop in volume, the total sales value rose by 6 per cent to Rs 404.43 billion, compared to Rs 381.02 billion in Q1 2024.Among these cities, Lucknow led the growth with a 25 per cent year-on-year increase, selling 1,301 units compared to 1,040 in the previous year. Coimbatore followed with a 21 per cent rise, Gandhinagar at 18 per cent, and Mohali with a marginal 2 per cent growth.The remaining 11 cities experienced a downturn in sales. Visakhapatnam recorded the steepest decline at 37 per cent, followed by Jaipur at 32 per cent, Bhopal at 31 per cent, and Nagpur at 21 per cent. Ahmedabad and Goa reported the smallest drops, both at just 1 per cent.The report highlights the diverging trends within India’s Tier 2 real estate markets, with some cities showing resilience amid overall softening demand.

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?