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New housing supply slumps in Tier-II cities
Orissa POST
|June 18, 2025
India's 15 major tier-II cities witnessed a 35 per cent fall in new supply of housing properties to 30,155 units during January-March, according to PropEquity.
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Real estate data analytics firm PropEquity said the new supply stood at 45,901 units in the first quarter of 2024 calendar year.
Samir Jasuja, Founder and CEO of PropEquity, said, "The decline in supply is a result of cautious approach and shifting priorities by developers. Financially robust developers with strong balance sheet look to launch premium homes in order to increase their profit margin."
As per the data, new housing supply in Ahmedabad fell 35 per cent to 11,096 units during January-March 2025 from 17,108 units in the year-ago period.
Gandhinagar saw a decline of 10 per cent in housing supply to 4,356 units from 4,825 units during the period under review.
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