Despite strong demand, Jaipur recorded a 10% Q1 2025 drop in residential sales value contrasting with 17% growth in other state capitals across tier 2 cities. While urban infrastructure upgrades drive aspirational living supply-side challenges and delayed project completions temporarily dampened transactions. This dip highlights broader trends of premiumization in tier 2 markets.
Coimbatore's residential real estate market experienced a remarkable 52% year-on-year increase in sales value, reaching ₹1,120 crore in Q1 2025. This growth occurred despite an 8% drop in unit sales across India's top 15 tier-2 cities.
In Q1 2025, Bhopal's housing sales dropped 8%, mirroring an 18% regional fall in Central & Eastern India, despite a 6% rise in sales value in top tier 2 cities across India.
Housing sales in Bhopal rose 10% to 3,565 units in 2024, with a 38% value increase to ₹2,344 crore, driven by rising construction costs and premium residential projects. Growth outpaced most tier-2 cities amid shifting buyer preferences towards luxury offerings.
Ghaziabad experiences 14% growth in housing supply despite New sprung infrastructure and developer confidence, despite absorption decline. Property prices rose 139% alongside other NCR cities.