The ₹50 Lakh Home: Now an Endangered Species in Tier 2 India?

Acquiring a new home within ₹50 lakh in India's tier 2 cities is tougher than ever. According to fresh numbers from PropEquity, housing supply in the top 15 tier 2 cities fell 35% in the first quarter of 2025, with affordable housing suffering the maximum damage. The number of new homes available for less than ₹50 lakh more than halved, falling 54% to just 7,124 units from more than 15,000 units a year earlier.

 

Key Highlights:

The change is a sign of a changing landscape in India's real estate landscape, where affordable housing is now in short supply in small towns.

 

Sources: Moneycontrol, Financial Express, Business Standard