India, June 12 -- Housing supply in the top 15 Tier-2 cities, including four cities of Gujarat, Ahmedabad, Gandhinagar, Surat, and Vadodara, fell by a whopping 35% to 30,155 units in the January-March period of 2025, with 48% of the supply in the Rs.50L-1 crore price range, said a report by NSE-listed real estate data analytics firm PropEquity.

The supply stood at 45,901 units, with 36% of the launches in the price range of Rs.50L-1crore in Q1 2024. Bhubaneshwar witnessed the highest decline, at 72% to 772 units in Q1 2025, while Nashik saw the least decline, at 2% to 2466 units.

In the Ahmedabad real estate market, the supply fell by 35% to 11,096 units from 17,108 units in Q1 2024. In terms of supply going up, Coimbatore is the only c...