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Ahmedabad real estate

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India's tier-2 real estate is in sharp decline, with 2025 sales volumes down 10% to 1,56,181 units and new launches slipping 6%, as rising prices push affordable homes out of reach and drive premiumisation across cities.

India’s Tier-2 Real Estate Market in Freefall: Housing Sales Plunge 10%, Launches Tumble 6%

India’s tier-2 real estate is in sharp decline, with 2025 sales volumes down 10% to 1,56,181 units and new launches slipping 6%, as rising prices push affordable homes out of reach and drive premiumisation across cities.
A new PropEquity report shows housing sales in India’s top 15 tier-2 cities fell 4% YoY in Q3 2025, while new launches declined 10%. Despite the slowdown, sales value rose 4%, reflecting a shift toward premium housing. Ahmedabad led in volumes, while Bhubaneshwar recorded the sharpest fall.

Housing Sales Drop 4% in India’s Top Tier-2 Cities in Q3 2025; New Launches Slide 10%

A new PropEquity report shows housing sales in India’s top 15 tier-2 cities fell 4% YoY in Q3 2025, while new launches declined 10%. Despite the slowdown, sales value rose 4%, reflecting a shift toward premium housing. Ahmedabad led in volumes, while Bhubaneshwar recorded the sharpest fall.