Metros continue to dominate Tier-2 cities in residential real estate market

The year 2022, saw maximum residential property sales in the last eight years, with total absorption increasing by 28 per cent year-on-year, according to a recent report

The sales of residential properties in tier-1 cities in India stood at more than 250 per cent of the levels seen among tier-2 cities in the calendar year 2022, according to a recent report by PropEquity, a real estate consultancy firm.
 

The year 2022, saw the maximum residential property sales in the last eight years, with total absorption increasing by 28 per cent year-on-year.
 

The report attributes this increase in sales to multiple factors like a rise in consumer confidence in hard assets compared to volatile assets post-Covid. Lower repo rates of 4 per cent in the first half of 2022,