Housing Sales In India’s Top 15 Tier-II Cities Grew By 20% In Value
Real Estate

Housing Sales In India’s Top 15 Tier-II Cities Grew By 20% In Value

Housing sales in India’s top 15 tier-II cities grew by 20% in value in 2024, reaching $ 17.56 billion, driven by higher demand and price appreciation. While Bhubaneswar saw the highest value growth at 47%, some cities like Nashik experienced a 2% drop. The total number of units sold across these cities grew by 4% to 1,78,771 in 2024. Coimbatore recorded the highest sales volume growth at 36%. In contrast, Visakhapatnam's real estate market faced a severe downturn, with a 21% decline in sales—the highest among all cities.This sharp fall signals a troubling trend for the city’s housing sector, raising concerns about its future prospects. If this continues, Visakhapatnam may struggle to regain investor confidence.

Housing sales in India’s top 15 tier-II cities grew by 20% in value in 2024, reaching $ 17.56 billion, driven by higher demand and price appreciation. While Bhubaneswar saw the highest value growth at 47%, some cities like Nashik experienced a 2% drop. The total number of units sold across these cities grew by 4% to 1,78,771 in 2024. Coimbatore recorded the highest sales volume growth at 36%. In contrast, Visakhapatnam's real estate market faced a severe downturn, with a 21% decline in sales—the highest among all cities.This sharp fall signals a troubling trend for the city’s housing sector, raising concerns about its future prospects. If this continues, Visakhapatnam may struggle to regain investor confidence.

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Infrastructure Transport

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

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Infrastructure Urban

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

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Technology

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..

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