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Indian housing sales in top Tier II cities dropped 10% in 2025, with prices rising despite lower volume.
Housing sales in India's top 15 Tier II cities fell 10% year-on-year in 2025 to 156,181 units, with sales value flat at ₹1.48 lakh crore, indicating rising prices despite lower volume.
Sales of homes below ₹1 crore dropped 15% and now make up 72% of the market, down from 77%, while homes above ₹1 crore rose 9% and now account for 28%.
Only Mohali and Lucknow saw growth; Visakhapatnam had the sharpest decline.
New supply fell 6%, driven by higher land and construction costs, government infrastructure investments, and shifting buyer preferences toward premium segments.
Ahmedabad emerged as a standout performer, potentially qualifying as a Tier I city.
Las ventas de viviendas indias en las principales ciudades de nivel II cayeron un 10% en 2025, con precios en aumento a pesar de un menor volumen.