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.
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.
International retail brands are cautiously expanding in India due to economic uncertainties and supply constraints, focusing primarily on top cities.