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Affordable Housing Supply in Tier 2 Cities Falls 54% in Q1 2025
The Business Guardian
|June 16, 2025
The supply of new affordable housing in India's top 15 tier 2 cities witnessed a steep decline of 54 percent in the January-March quarter (Q1) of the current year, indicating a shrinking focus of developers on the affordable housing segment.
The affordable housing segment is defined as properties priced under Rs 50 lakh.
Real estate data analytics firm PropEquity observed in its latest report that housing supply in India's top 15 tier 2 cities fell by a whopping 35 percent to 30,155 units in the January-March period of 2025, with 48 percent of the launches in the Rs 50 lakh-1 crore price range.
The supply stood at 45,901 units, with 36 percent of the launches in the Rs 50 lakh-1 crore price range in Q1 2024, the PropEquity data shows.
Bhubaneswar witnessed the highest decline at 72 percent to 772 units in Q1 2025, while Nashik saw the least decline at 2 percent to 2466 units.
The report further added that Eastern and Central India, with a 68 percent fall in new launches in Q1 2025, saw the highest decline, followed by 55 percent in Northern India, 28 percent in Western India, and 26 percent in Southern India.
This story is from the June 16, 2025 edition of The Business Guardian.
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