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

03 Jun 2025 CW Team

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.

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