Housing Sales In India’s Top 15 Tier-II Cities Grew By 20% In Value
Housing sales in India’s top 15 tier-II cities grew by 20% in value in 2024, reaching $ 17.56 billion, driven by higher demand and price appreciation. While Bhubaneswar saw the highest value growth at 47%, some cities like Nashik experienced a 2% drop. The total number of units sold across these cities grew by 4% to 1,78,771 in 2024. Coimbatore recorded the highest sales volume growth at 36%. In contrast, Visakhapatnam's real estate market faced a severe downturn, with a 21% decline in sales—the highest among all cities.This sharp fall signals a troubling trend for the city’s housing sector, raising concerns about its future prospects. If this continues, Visakhapatnam may struggle to regain investor confidence.
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