Overview

• Tier-2 markets sold 43,781 housing units in Q1 2025, down 8% from 47,378 a year earlier, while total value rose 6% to ₹40,443 crore
• PropEquity attributes the sales volume decline to limited new supply rather than weakening buyer interest
• Lucknow led unit growth with a 25% rise to 1,301 homes sold and Visakhapatnam posted the steepest fall at 37%
• Coimbatore recorded the highest jump in sales value, surging 52% to ₹1,120 crore as buyers targeted higher-end projects
• A cumulative 50 bps of RBI repo rate cuts since January has lowered borrowing costs and is expected to sustain housing demand