In the second quarter of the current financial year, the GDP figures shocked the world. On the other hand, the sale of houses in small cities disappointed a lot. According to the data, in the second quarter of the current financial year, there has been a decline of 4 percent in the sales of small cities as compared to the same period last year. According to the report, this report has been brought out after studying 15 cities of the country. According to experts, real estate remains the main engine of growth in small cities. An increase may be seen in the coming days. Let us also tell you what kind of figures have been seen in the report.
Where did this report come from?
In the July-September quarter, home sales in 15 major tier-2 cities of the country increased by four percent in terms of value to Rs 37,409 crore, while there was a slight decline in the number of units sold. Real estate data platform PropEquity gave this information. According to PropEquity data, total home sales in these 15 cities declined by four percent to 39,201 compared to the same quarter last year.
Decline in supply of new homes
These 15 Tier-2 cities include Ahmedabad, Surat, Gandhinagar, Vadodara, Jaipur, Nashik, Nagpur, Mohali, Bhubaneswar, Lucknow, Bhopal, Coimbatore, Goa, Thiruvananthapuram and Kochi. New housing supply declined by 10 percent year-on-year to 28,721 units in the quarter ending September 2025. Sameer Jasuja, Founder and CEO, PropEquity, said that Tier-2 cities remain the main engines of India’s growth story. There is sustained demand in residential, commercial and retail real estate sectors due to increasing employment opportunities, better infrastructure and strong connectivity.
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