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Housing supply in tier 2 cities drops 35 pc in Q1 2025: Affordable homes hit hardest
The Statesman Bhubaneswar
|June 13, 2025
Housing supply in India's top 15 tier 2 cities witnessed a sharp 35 per cent year-on-year decline in the January-March 2025 quarter, falling to 30,155 units from 45,901 units in the same period last year, according to a report by NSE-listed real estate data analytics firm PropEquity.
The report revealed a significant shift in market dynamics, with launches of affordable homes (priced under Rs 50 lakh) dropping drastically, while the mid-segment (Rs 50 lakh-Rs 2 crore) gained traction. In Q1 2025, 48 per cent of new launches were in the Rs 50 lakh-Rs 1 crore price bracket, up from 36 per cent in Q1 2024.
Among individual cities, Bhubaneshwar registered the steepest fall in housing supply at 72 per cent, with only 772 units launched in Q1 2025. In contrast, Nashik saw the smallest decline at just 2 per cent, recording 2,466 units.
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