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Housing sales in India's top 15 tier-2 cities decline by 8 per cent: Report
The Statesman Bhubaneswar
|June 02, 2025
Housing sales in India's top 15 Tier 2 cities declined by 8 per cent year-on-year 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 released by NSE-listed real estate data analytics firm PropEquity.
Despite the fall in volume, the total sales value rose by 6 per cent to 40,443 crore, compared to 38,102 crore in Q1 2024.
The report points to a growing trend of higher-value housing transactions even amid weakening sales volumes.
Among the 15 cities tracked, Lucknow recorded the highest growth in housing unit sales, rising by 25 per cent year-on-year to 1,301 units in Q1 2025. It was followed by Coimbatore (21 per cent), Gandhi Nagar (18 per cent), and Mohali (2 per cent). In contrast, 11 cities reported a decline in sales, with Visakhapatnam seeing the sharpest fall at 37 per cent. Ahmedabad and Goa registered the least decline at 1 per cent each.
Dit verhaal komt uit de June 02, 2025-editie van The Statesman Bhubaneswar.
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