The whole housing sales worth throughout the top 15 tier-2 cities remained flat at ₹1.48 lakh crore in 2025, whilst sales volumes declined 10% year-on-year to 1,56,181 models.(*15*)
The divergence between worth and quantity signifies that higher-ticket houses are more and more driving total transaction worth, even because the variety of models offered declines.(*15*)
Premiumisation shapes demand(*15*)
The report reveals a transparent shift towards houses priced above ₹1 crore throughout tier-2 markets.(*15*)
Properties priced under ₹1 crore noticed a 15% decline in sales volumes in 2025. Their share dropped from 77% in 2024 to 72% in 2025. (*15*)
Properties priced above ₹1 crore recorded 9% progress in sales. Their share elevated from 23% to twenty-eight%(*15*)
This means that premiumisation is turning into a defining pattern in tier-2 housing markets, just like what has been noticed in main metropolitan cities in latest years.(*15*)
Most cities see decrease sales volumes(*15*)
Sales volumes declined throughout 13 of the 15 tier-2 cities tracked in the report, with Visakhapatnam recording the steepest drop.(*15*)
Solely two cities bucked the pattern:(*15*)
Mohali, the place sales rose 34% year-on-year(*15*)
Lucknow, the place sales elevated 6%(*15*)
The slowdown in volumes displays rising housing costs and affordability pressures, whilst demand for premium houses stays resilient.(*15*)
Gujarat markets dominate sales(*15*)
The report highlights the sturdy efficiency of Gujarat’s residential markets.(*15*)
The 4 cities of Ahmedabad, Gandhinagar, Vadodara and Surat collectively accounted for 63% of whole housing sales throughout the top 15 tier-2 cities.(*15*)
In absolute phrases, the 4 cities of Gujarat, particularly Ahmedabad, Gandhi Nagar, Vadodara and Surat, collectively accounted for 63% of the whole sales in top 15 tier 2 cities, with Ahmedabad alone contributing 33% with 51,148 models offered.(*15*)
Ahmedabad rising as a tier-1 housing market(*15*)
In keeping with the report, Ahmedabad’s scale of launches and demand absorption now locations it alongside main city markets, suggesting town may very well be thought-about a tier-1 residential market from 2026 onward.(*15*)
“The slowdown in housing sales over the previous two years is basically because of a shrinking provide of houses priced under ₹1 crore-a section that has historically pushed demand in tier-2 cities. Rising land and building prices, together with altering purchaser aspirations, are pushing new launches into larger value brackets. In consequence, tier-2 markets are more and more mirroring tier-1 cities, the place volumes are declining whilst costs proceed to rise,” stated “Samir Jasuja, Founder & CEO of PropEquity.(*15*)
New provide throughout the top 15 tier-2 cities declined by 6% to 1,36,243 models in 2025, down from 1,45,139 models in 2024. The contraction was seen throughout value segments, with provide of houses priced beneath ₹1 crore declining by 5%, and people above ₹1 crore falling by 8%.(*15*)
Mohali (108%), Bhopal (66%), Ahmedabad (3%) and Jaipur (2%) noticed progress in new launches whereas the opposite 11 cities noticed a decline of as much as 57% with Bhubaneshwar witnessing the steepest decline.(*15*)
The 4 cities of Gujarat accounted for 64% of the whole launches in 2025.(*15*)
” Authorities deal with tier-2 cities—by way of enhanced city growth, improved connectivity, and the creation of business corridors and manufacturing hubs-has pushed sustained value appreciation. This has pushed even common housing models in many tier-2 markets past the ₹1 crore mark, resulting in slower absorption. Going ahead, this pattern may very well be a trigger for concern, as affordability pressures start to impression not simply premium segments but in addition reasonably priced and mid-income housing in these cities,” stated Jasuja.(*15*)
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