Tier 2 & 3 Cities Drive 44% of Land Acquisitions

25 Mar 2025 CW Team

India’s real estate sector is undergoing a significant transformation as developers shift focus to Tier 2 and Tier 3 cities. A recent CREDAI-Liases Foras report, unveiled at the New India Summit 2025 in Nashik, reveals that these emerging urban centers accounted for 44% of the 3,294 acres of land acquired by developers in 2024.

Key Market Trends & Insights: Housing sales in 2024 reached 681,138 units across 60 cities, reflecting a 23% YoY increase. Sales value in the primary market hit Rs 7.5 trillion, a staggering 43% YoY growth, driven by sustained demand across all segments. Luxury & ultra-luxury properties dominated, contributing 71% of total sales value, signaling a growing preference for premium living.

Boom in High-End & Affordable Housing Properties priced Rs 1 million saw a 52% sales surge, with 1,32,532 apartments sold. Ultra-luxury homes Rs 20 million+ recorded a remarkable 73% growth, highlighting developers' confidence in high-net-worth buyers. Affordable housing remains a key driver, particularly in the Priority Sector Lending (PSL) category (homes under Rs 30 lakh) and the Rs 30-50 lakh segment.

Cities Leading Growth & Investment Price appreciation hotspots: Lucknow, Jaipur, Bhubaneswar Affordable housing hubs: Ahmedabad, Pune, Indore, Coimbatore

With urbanisation accelerating and government initiatives like Gati Shakti improving connectivity, these emerging cities are rapidly becoming prime real estate destinations for both first-time buyers and investors.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..