New Delhi, March 24 -- India's real estate sector is witnessing a major shift as developers turning their attention to Tier 2 and Tier 3 cities, signaling a new era of growth and opportunity. In 2024, these emerging urban centers accounted for an impressive 44% of the 3,294 acres of land acquired by developers, underscoring their rising prominence in the country's property market. This trend reflects a strategic move by developers to cater to the growing demand for housing beyond traditional metropolitan hubs.

A recent report by CREDAI-Liases Foras revealed that housing sales across 60 cities reached an impressive 681,138 units in 2024, marking a robust 20% year-on-year growth. Notably, the luxury and ultra-luxury segments dominated the ...