Sales Surge in Tier-2 Cities

– Home sales rise 4% in September quarter
– PropEquity report released

Home sales in India’s Tier-2 cities are on the rise. According to the latest report by data analytics firm PropEquity, home sales in 15 major Tier-2 cities increased by 4%—reaching ₹37,409 crore—during the July–September quarter this year. Although the number of units sold fell by 4%, the value of sales rose by 4%. The quarterly number of homes sold dropped to 39,201 units, and new supply declined by 10%, falling to 28,721 units.

Cities such as Ahmedabad, Surat, Gandhinagar, Vadodara, Jaipur, Nashik, Nagpur, Mohali, Bhubaneswar, Lucknow, Bhopal, Coimbatore, Goa, Thiruvananthapuram, and Kochi were included in the study.
Among them, Ahmedabad—the largest Tier-2 real estate market—saw home sales fall by 6% to 13,021 units. Surat recorded an 8% decline, dropping to 4,936 units.

About 60% of new launches and sales in Tier-2 cities came from Gujarat’s major markets: Ahmedabad, Surat, Gandhinagar, and Vadodara. PropEquity Founder & CEO Sameer Jasuja noted that Tier-2 cities are emerging as major engines driving India’s economic growth, supported by expanding job opportunities, infrastructure development, and improving regional connectivity.