Overview
- Square Yards reports that smaller cities are set to power the next residential cycle after a 2022–24 price surge pushed several Tier-1 markets into a “too-premium-to-afford” phase.
- Nuvama data show momentum cooling in 2025, with a 6% year-on-year drop in Q4 housing sales value, full-year sales value growth easing to 4%, volumes down 6%, and prices still rising 5–13% in top seven cities.
- The Union Budget earmarks Rs 5,000 crore over five years for new City Economic Regions and Rs 85,000 crore for the Housing and Urban Affairs ministry, which reports say is expected to fund metro, mobility, and urban upgrades in emerging centres.
- Industry commentary highlights expressways, industrial corridors, metro lines, and regional airports as catalysts unlocking new real estate corridors in cities such as Lucknow, Jaipur, Indore, Coimbatore, Ahmedabad, and Bhubaneswar.
- The report identifies rising end-user demand beyond metros, with Global Capability Centres and other employers expanding into markets including Bhubaneswar, Cuttack, Erode, Puri, Varanasi, and Visakhapatnam.