Tier II housing sales value rises 4% in Q2 to Rs 37,409 crore despite dip in volumes
Despite a 4% decrease in sales volume, housing sales in India's top 15 Tier II cities have risen by 4% annually to Rs 37,409 crore in the July-September quarter. This growth is driven by economic development, better infrastructure, and a surge in demand for affordable homes. The slowdown in new launches is seen as a deliberate move, with buyers showing a preference for established brands