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
Resources

Tata Power turns 5,000 kg plastic waste into green livelihood for women

Tata Power’s Anokha Dhaaga Smart Circularity programme has converted over 5,000 kilograms of single-use plastic waste into recycled fabric products like T-shirts, tote bags, and haversacks, generating over Rs 20 lakh in fair-trade earnings for women entrepreneurs. The initiative is active across six centres and aligns with the World Environment Day 2025 theme — End Plastic Pollution. The project began with a collection drive across Tata Power’s Trombay plant, housing colonies, and offices. In collaboration with ReCircle and sanitation workers ('Safai Saathis'), the waste was processed i..

Next Story
Infrastructure Transport

Adani Airports secures US$ 750 million from global lenders for growth

Adani Airports Holdings (AAHL), a subsidiary of Adani Enterprises and India’s largest private airport operator, has raised US$ 750 million via External Commercial Borrowings from a consortium of international banks. The financing was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank. Of the total funds, US$ 400 million will be used to refinance existing debt, while the remainder will support growth capex across six airports—Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram—and expansion of AAHL’s non-aeronautical verticals including retai..

Next Story
Resources

CASE launches ‘Vijeta’ to skill youth in construction equipment sales

CASE Construction Equipment, a CNH brand, has launched ‘Vijeta’, a CSR initiative aimed at enhancing employability among underprivileged youth in the heavy equipment sector. The programme will equip participants with technical and practical skills required in construction equipment sales, particularly for backhoe loaders. It blends online and offline training, followed by a three-month hands-on industry stint at sales outlets, along with a monthly stipend. Puneet Vidyarthi, Head of Brand Marketing, CASE CE, APAC & India, said, “Vijeta bridges the skill gap in equipment sale..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?