Latest news with #PropEquity
News18
a day ago
- Business
- News18
Mumbai, Bengaluru Unaffordable? Real Estate In These Cities Gave ‘Best Returns'. On No. 1 Spot Is...
Last Updated: Investment banker Sarthak Ahuja pointed out that Tier 2 cities have delivered the best real estate returns in the past four years. When people think of real estate investment, their attention usually turns to metro cities like Delhi, Mumbai or Bengaluru. These urban hubs attract large numbers of migrants seeking better job prospects and improved lifestyles. As more people move in, housing demand rises, pushing property prices up. This consistent growth is why metro cities are often viewed as the safest and most lucrative options for real estate investment. But now, in a recent video, investment banker Sarthak Ahuja pointed out that it is actually Tier 2 cities that have delivered the best real estate returns in the past four years. He highlighted the data from real estate analytics firm Prop Equity, which studied 30 tier-II cities and compared property launch prices in 2020 to their market prices in 2024. The findings are truly eye-opening. Several non-metro cities have seen remarkable surges in property prices. Trivandrum reported a 54% increase, followed by Mangalore at 57% and Bhubaneswar at 58%. Ahmedabad recorded a 60% rise, while Dehradun climbed even higher at 68%. The Chandigarh-Mohali region saw a 70% jump, with Indore close behind at 72%. Ludhiana stood out with an impressive 89% growth, and Goa wasn't far behind, posting a 90% increase. Topping the list is Agra, which recorded a staggering 94% rise in property prices, the highest among all the cities studied. Why Agra Is A Smart Choice For Real Estate Investment? Tourism Boosts Demand Agra sees around 8 to 10 million visitors every year, according to a blog by Omni Infra. The Taj Mahal alone draws huge crowds, and places like Agra Fort, Fatehpur Sikri, and Mehtab Bagh add to the city's tourist appeal. This steady flow of visitors creates strong demand for hotels, guest houses and short-term rentals. Platforms like Airbnb are doing well here with rental returns of 8 to 10 per cent in good locations. The government is also working to boost tourism through new projects like the Taj West End and improved heritage walks. All of this makes Agra a smart and growing market for real estate investors. New Development The Agra Metro has already started running on its first stretch, which connects key places like the Taj Mahal, Agra Fort and residential areas. More parts of the metro will open by the end of 2025. The city is also part of two major industrial corridors, the Delhi-Mumbai and Delhi-Kolkata routes, which are boosting employment and housing demands. Better roads like the Yamuna Expressway now link Agra to Delhi in just 2.5 hours, and the upcoming Jewar International Airport, about 90 km away, will further boost connectivity. According to Omni Infra, real estate in Agra is still affordable, with prices in areas like Taj Nagri and Sikandra starting at Rs 3,500–5,000 per sq. ft. This is much lower than rates in Delhi-NCR or Mumbai. As demand for modern flats, gated societies and plots grows, prices are rising steadily. In fact, homes near Agra Metro stations have already seen a 15–20 per cent jump in the last two years. Growth Beyond Tourism With close proximity to the Yamuna Expressway and the planned Agra-Lucknow Expressway Extension, Agra is becoming an important growth area. New projects like IT parks and the Agra IT City are bringing in new types of jobs. Over the next 10 years, more than 50,000 jobs are expected to be created. Agra's old and well-known areas near monuments are good for long-term investment. Because the Archaeological Survey of India (ASI) limits new construction near heritage sites, these places stay exclusive and in demand. Spots like Civil Lines and Sadar Bazaar, known for their old charm, have given steady price growth of 6–8 per cent every year, which is better than many big cities. Government Support According to Omni Agra, the Uttar Pradesh government is giving subsidies for affordable housing and tax rebates for heritage-related projects. Agra is also part of the Smart City Mission, which is improving sanitation, using more solar power and adding digital services. About the Author Buzz Staff A team of writers at bring you stories on what's creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture. First Published:
Fashion Value Chain
4 days ago
- Business
- Fashion Value Chain
Lucknow Drives Tier-2 Realty Boom with 48% Sales Growth
India's Tier-2 cities are emerging as powerful growth hubs in real estate, driven by infrastructure upgrades, affordability, and evolving lifestyle demands. Defying a broader slowdown, Lucknow recorded a remarkable 48% jump in property sales value and a 25% increase in residential units sold, according to a PropEquity report. The city's transformation is underpinned by modern infrastructure, private sector responsiveness, and an expanding middle class seeking better urban living. Alongside Lucknow, Western cities like Ahmedabad, Surat, and Gandhinagar contributed to 79% of units sold and 74% of sales value. Other capitals—Jaipur, Bhubaneswar, Goa, and Bhopal—also showed healthy growth, jointly accounting for 30% of total revenue. Lucknow's real estate momentum is fueled by major infrastructure projects such as the Purvanchal Expressway, Outer Ring Road, and the expanding metro network. These efforts, combined with initiatives like AMRUT and Smart City Mission, are reshaping the city's urban fabric and improving its liveability. The city's realty value climbed to ₹1,797 crore with 1,301 units sold, the highest in Tier-2 cities. Developers are seizing this moment, investing in planned urban corridors and premium micro-markets like Gomti Nagar Extension, Shaheed Path, and Raebareli Road. These zones are seeing rapid price appreciation: Gomti Nagar Extension: 1.7× rise in 10 years, projected 1.9× by 2035 Shaheed Path: 2.4× rise in 10 years, projected 3.0× by 2035 Raebareli Road: 3.5× rise in 10 years, projected 3.4× by 2035 Real estate leaders including Mohit Goel (Omaxe Group), Yash Miglani (Migsun Group), and Neeraj Sharma (Escon Infra Realtors) agree that Lucknow is not just growing—it's setting the benchmark for Tier-2 urban development. Infrastructure, lifestyle appeal, and smart planning are transforming it into a long-term investment hotspot. As demand rises for quality housing and infrastructure keeps pace, Lucknow is redefining Tier-2 city potential, offering both end users and investors a future-ready, high-return market.
Time of India
5 days ago
- Business
- Time of India
Tier-II slowdown: New housing supply dips 35% in Q4, developers shift focus to premium homes amid funding squeeze
New housing launches in India's top 15 tier-II cities declined sharply by 35% in the January–March quarter, as developers recalibrated their strategies amid rising costs and selective demand, real estate consultancy PropEquity said on Monday. Tired of too many ads? go ad free now The number of new residential units dropped to 30,155 from 45,901 a year ago, marking a significant supply contraction across key regional markets. 'The decline in supply is a result of cautious approach and shifting priorities by developers. Financially robust players are now focusing on premium housing to improve profit margins,' said Samir Jasuja, Founder and CEO of PropEquity, as quoted PTI. Among the cities tracked, Ahmedabad saw the largest absolute volume drop — down 35% to 11,096 units from 17,108 units a year earlier. Surat recorded a 39% fall, while Jaipur saw a 55% plunge. Bhubaneshwar and Trivandrum experienced some of the steepest declines, dropping 72% and 71% respectively. Other cities with major cuts in supply included: Lucknow: down 55% to 1,026 units Mangalore: down 64% to 269 units Bhopal: down 51% to 365 units Kochi: down 49% to 225 units Nagpur: down 28% to 1,036 units Vadodara: down 23% to 2,149 units Goa: down 24% to 444 units Gandhinagar: down 10% to 4,356 units Nashik: down 2% to 2,466 units Coimbatore was the only city to buck the trend, with new supply more than doubling to 1,077 units, up from 475 last year. Rajat Khandelwal, Group CEO of Tribeca Developers, attributed the shift to 'rising input costs, tighter funding, and selective demand in these markets,' adding that developers were becoming more deliberate about launch pipelines. Kirthi Chilukuri, Founder and MD of Stonecraft Group, said the contraction signals a transformation phase. 'This marks a turning point that holds immense potential. We see it as an opportunity to pioneer sustainable, biophilic housing that aligns with modern living,' he said. Vijay Harsh Jha, Founder of VS Realtors, noted a shift in demand toward higher-end properties. 'Tier-II cities are moving toward premiumisation. Homes priced at Rs 1–2 crore are in demand, while those around Rs 50 lakh are seeing slower movement — a concern given the inflow of job-seekers in these cities,' he said. Despite the short-term contraction in supply, Jha said the broader real estate sentiment in tier-II cities remains strong. 'This is a temporary correction,' he added.
Time of India
7 days ago
- Business
- Time of India
Tier 2 cities' housing slumps in Q1: Affordable supply falls 54%, says report; developers shift focus to premium housing
AI-generated image NEW DELHI: The affordable housing segment in India's 15 major tier 2 cities witnessed a sharp 54 per cent decline during the January-March quarter (Q1) of 2025, according to the latest analysis by real estate data firm PropEquity, quoted by ANI. Overall new housing supply in these cities dropped by 35 per cent year-on-year to 30,155 units in Q1 2025, compared to 45,901 units during the same period last year. Homes priced between Rs 50 lakh and Rs 1 crore comprised 48 per cent of the new launches this year, up from 36 per cent in Q1 2024. Among individual cities, Bhubaneshwar recorded the steepest fall, with a 72 per cent reduction to 772 units. Nashik saw the smallest dip, with a 2 per cent decline to 2,466 units. Regionally, Eastern and Central India witnessed the sharpest drop in new launches at 68 per cent, followed by Northern India at 55 per cent, Western India at 28 per cent, and Southern India at 26 per cent. Supply in the seven state capitals among the top 15 tier 2 cities fell by 43 per cent. Samir Jasuja, Founder and CEO of PropEquity, said the drop in supply reflects a strategic shift by developers. "The decline in supply is a result of cautious approach and shifting priorities by developers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Financially robust developers with strong balance sheet look to launch premium homes in order to increase their profit margin. As a result, supply of homes under Rs 50 lakh has seen a consistent decline due to its unviability," he said. He further added, "Meanwhile, homes priced between Rs 1-2 crore have not only seen a 17 per cent Y-o-Y growth in supply but also its supply share increasing from 18 per cent to 23 per cent." According to Jasuja, home loan rates currently remain in the range of 8 to 8.5 per cent, but the RBI's recent 50 basis point repo rate cut is expected to lower these rates further, which could benefit properties priced between Rs 50 lakh and Rs 2 crore in tier 2 cities. He said, "The tier 2 cities present a huge opportunity for corporates and developers as massive infrastructure development and government's focus on making these cities as growth drivers will enable end-user demand. " As per the data, 95 per cent of new housing supply in Q1 2025 came from units priced below Rs 2 crore, up from 87 per cent a year ago. The supply of homes under Rs 50 lakh saw a significant fall, dropping from 15,420 units in Q1 2024 to 7,124 units in Q1 2025, reducing their market share from 33 per cent to 24 per cent. Units priced between Rs 50 lakh and Rs 1 crore declined by 12 per cent in volume but rose in share from 36 per cent to 48 per cent. Properties in the Rs 1–2 crore range declined 17 per cent in volume, though their share increased from 18 per cent to 23 per cent. Homes priced above Rs 2 crore saw a steep 73 per cent fall in supply, shrinking their share from 13 per cent to 5 per cent. In the seven state capitals, supply of homes below Rs 50 lakh dropped by 90 per cent, while units in the Rs 50 lakh to Rs 1 crore category declined by 13 per cent. However, the Rs 1–2 crore segment saw a 31 per cent increase in supply during the quarter. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Gazette
7 days ago
- Business
- India Gazette
Affordable housing supply drops 54% in Tier 2 cities in Q1 2025
New Delhi [India], June 15 (ANI): The supply of new affordable housing in India's top 15 tier 2 cities witnessed a steep decline of 54 per cent in January-March quarter (Q1) of the current year, indicating a shrinking Focus of developers on the affordable housing segment. The affordable housing segment is defined as the properties priced under Rs 50 lakh. Real estate data analytics firm PropEquity observed in its latest report that housing supply in India's top 15 tier 2 cities fell by a whopping 35 per cent to 30,155 units in January-March period of 2025, with 48 per cent of the launches in the Rs 50 lakh-1 crore price range. The supply stood at 45,901 units with 36 per cent of the launches in price range Rs 50L-1cr. in Q1 2024, the PropEquity data shows. Bhubaneshwar witnessed the highest decline at 72 per cent to 772 units in Q1 2025 while Nashik saw the least decline at 2 per cent to 2466 units. The report further added that Eastern and Central India, with 68 per cent fall in new launches in Q1 2025, saw the highest decline, followed by 55 per cent in Northern India, 28 per cent in Western India and 26 per cent in Southern India. The seven State Capitals in the top 15 tier 2 cities saw 43 per cent decline in supply in Q1 2025. Samir Jasuja, Founder and CEO, PropEquity said, 'The decline in supply is a result of cautious approach and shifting priorities by developers. Financially robust developers with strong balance sheet look to launch premium homes in order to increase their profit margin. As a result, supply of homes under Rs 50 lakh has seen a consistent decline due to its unviability.' 'Meanwhile, homes priced between Rs 1-2 crore have not only seen a 17 per cent Y-o-Y growth in supply but also its supply share increasing from 18 per cent to 23 per cent,' Jasuja added. As per Jasuja, with home loan rates hovering around 8-8.5 per cent, the recent reduction of 50bps in repo rate by the RBI will further drive down the home loan rates, thereby providing an impetus in the Rs 50L-2cr priced homes in tier 2 cities. 'The tier 2 cities present a huge opportunity for corporates and developers as massive infrastructure development and government's focus on making these cities as growth drivers will enable end-user demand,' he added. Housing units priced under Rs 2 crore accounted for 95 per cent of the total supply in Q1 2025, up from 87 per cent in the same period last year. The supply of units priced under Rs 50 lakh, more than halved to 7124 units in Q1 2025 as against 15420 units in the same period last year. Its share to total supply fell from 33 per cent to 24 per cent in Q1 2025. Similarly, supply of units priced between Rs 50 lakh and Rs 1 crore dipped by 12 per cent and its share rose from 36 per cent to 48 per cent in Q1 2025. The supply of units priced between Rs 1-2 crore dipped by 17 per cent and its share rose from 18 per cent to 23 per cent in Q1 2025. Supply of units priced Rs 2 crore and above dipped by 73 per cent in Q1 2025 and its share dipped from 13 per cent to 5 per cent in Q1 2025. State Capitals saw 90 per cent drop in supply of units priced under Rs 50 lakh and 13 per cent drop in supply of units priced between Rs 50L-Rs 1 crore in Q1 2025. However, supply of units priced between Rs 1-2 crore rose by 31 per cent, the report added. (ANI)
