<p>While India's tier-II real estate market faced an 8% decline in Q1 2025, Lucknow emerged as an exceptional performer, defying national trends with remarkable growth in the heart of Uttar Pradesh.</p>

<h2>National Market Overview</h2>
<p>According to <a href="https://www.propequity.com" target="_blank">PropEquity</a> data, housing sales across top 15 tier-II cities dropped from 47,378 to 43,781 units, though overall transaction value rose 6% to <b>₹40,443 crore.</b></p>

<h2>Lucknow's Outstanding Performance</h2>
<p>Lucknow recorded a 25% surge in residential unit sales with 1,301 units sold, alongside a spectacular 48% jump in sales value to <b>₹1,797 crore</b>—the highest growth among all tier-II cities.</p>

<h2>Key Growth Drivers</h2>
<ul>
<li><strong>Infrastructure Development</strong>: <a href="https://www.lmrcl.com" target="_blank">Lucknow Metro</a> expansion and improved road networks</li>
<li><strong>Employment Growth</strong>: Substantial opportunities in IT and manufacturing sectors</li>
<li><strong>Organized Housing Demand</strong>: Strong preference for quality developments</li>
</ul>

<h2>Market Comparison</h2>
<p>Other positive performers included Coimbatore (21% growth), Gandhinagar (18%), and Mohali (2%). However, cities like Visakhapatnam (-37%), Jaipur (-32%), and Bhopal (-31%) faced significant declines.</p>

<h2>Future Outlook</h2>
<p>Supportive factors include <a href="https://www.rbi.org.in" target="_blank">RBI's</a> 50 basis points repo rate cut, ongoing infrastructure improvements, and reverse migration trends where professionals invest in hometown properties.</p>

In the sprawling landscape of Indias real estate sector where metropolitan giants often dominate headlines and market narratives a remarkable story of resilience and growth is unfolding in the heart of Uttar Pradesh While the broader tierII real estate market faced headwinds in the first quarter of 2025 one city emerged as a beacon of exceptional performance defying national trends and rewriting the rules of regional property success The National Context A Tale of Two Markets The first quarter of 2025 painted a complex picture for Indias tierII real estate markets According to comprehensive data from PropEquity a leading real estate data analytics firm housing sales across the nations top 15 tierII cities experienced an 8 yearonyear decline with total units sold dropping from 47378 in Q1 2024 to 43781 in Q1 2025 However this volume contraction told only part of the story Despite fewer units changing hands the overall transaction value demonstrated remarkable resilience rising 6 to 40443 crore compared to 38102 crore in the corresponding period of 2024 This divergence between volume and value suggested a fundamental shift in buyer preferences toward premium housing and organized developments Lucknows Extraordinary Performance Against this backdrop of mixed national performance Lucknow emerged as the undisputed champion of tierII real estate growth The city recorded an impressive 25 surge in residential unit sales with 1301 units sold compared to 1040 units in Q1 2024 marking the highest growth rate among all 15 tierII cities analyzed More significantly Lucknows sales value experienced a spectacular 48 jump reaching 1797 crore This exceptional performance reflected not just increased transaction volumes but also a substantial appreciation in property values indicating strong underlying demand fundamentals and market confidence The Driving Forces Behind Lucknows Success Infrastructure Development and Connectivity Lucknows real estate boom is underpinned by significant infrastructure improvements that have enhanced the citys appeal to both residents and investors The Lucknow Metro Rail Corporation has expanded connectivity across the city while improved road networks and planned infrastructure projects have positioned Lucknow as a wellconnected urban center Growing Employment Opportunities The city has witnessed substantial growth in employment opportunities particularly in the IT sector and emerging manufacturing hubs This employment expansion has created a sustained demand base for quality housing attracting both local professionals and those returning from metropolitan areas to their hometown Organized Housing Demand The strong preference for organized housing developments has been a key driver of Lucknows success Modern buyers increasingly seek developments that offer comprehensive amenities professional management and quality construction factors that have become hallmarks of Lucknows evolving real estate landscape Regional Performance Comparison While Lucknow led the growth charts other cities in the tierII segment showed varied performance Coimbatore followed with a 21 increase in unit sales while Gandhinagar recorded an 18 growth Mohali managed a modest 2 increase rounding out the cities that posted positive growth during the quarter However the majority of tierII cities faced challenges Visakhapatnam recorded the steepest decline at 37 followed by Jaipur 32 and Bhopal 31 Even traditionally strong markets like Ahmedabad and Goa experienced minor declines of 1 each highlighting the exceptional nature of Lucknows performance Value Growth Across Markets In terms of sales value growth Coimbatore led with a remarkable 52 increase reaching 1120 crore Lucknows 48 growth positioned it as the secondbest performer followed by Gandhinagar 36 and both Mohali and Goa 17 each This value appreciation across multiple markets indicated a broader trend toward premium housing and improved property valuations in tierII cities Market Dynamics and Expert Analysis Samir Jasuja Founder and CEO of PropEquity provided valuable insights into the market dynamics The decline in sales in tier 2 cities in JanuaryMarch period is in line with trends witnessed in tier 1 cities However lesser supply in this quarter resulted in lower sales in tier 2 cities State capitals performed relatively better His analysis highlighted the supplyside constraints that affected overall market performance while emphasizing the relative strength of state capitals like Lucknow in maintaining growth momentum The State Capital Advantage The performance of state capitals within the tierII segment deserves special attention The six state capitals among the top 15 tierII cities Gandhinagar Jaipur Bhubaneswar Lucknow Goa and Bhopal collectively saw a 5 decline in sales volume but achieved a remarkable 17 increase in sales value These capitals accounted for 25 of total sales and 30 of sales value in Q1 2025 demonstrating their disproportionate importance in the tierII market Future Outlook and Market Drivers Monetary Policy Support The Reserve Bank of India has implemented supportive monetary policies including a 50 basis points cut in the repo rate since January 2025 with expectations of further rate reductions This monetary easing is expected to translate into lower home loan rates potentially boosting housing demand across tierII cities Urban Rejuvenation and Infrastructure Ongoing urban rejuvenation efforts improved connectivity and enhanced social infrastructure continue to support demand in tierII cities These improvements make cities like Lucknow increasingly attractive to both endusers and investors seeking quality living environments outside metropolitan areas Migration Patterns and Hometown Preference An interesting trend has emerged where professionals who migrated to metropolitan cities are increasingly purchasing properties in their hometowns This reverse investment flow has provided additional demand support to tierII markets particularly benefiting wellpositioned cities like Lucknow Investment Implications and Market Positioning Lucknows exceptional performance in Q1 2025 positions the city as an attractive destination for real estate investment The combination of strong unit sales growth and substantial value appreciation indicates a healthy market with both liquidity and appreciation potential The citys success story also highlights the broader potential of tierII markets when supported by appropriate infrastructure development employment growth and organized housing supply For investors and developers Lucknow represents a model of how tierII cities can achieve sustainable real estate growth Regional Analysis and Market Segmentation Western India Performance Western India comprising cities like Ahmedabad Surat Vadodara Gandhinagar Nashik Nagpur and Goa saw a 6 decline in unit sales but achieved a 6 increase in sales value This region contributed 79 of total units sold and 74 of overall sales value maintaining its dominance in the tierII segment Northern India Dynamics Northern India including Lucknow Jaipur and Mohali experienced a 14 decline in unit sales but recorded a 14 increase in sales value Lucknows exceptional performance significantly contributed to this regional value growth Conclusion A New Chapter in TierII Real Estate Lucknows remarkable performance in Q1 2025 represents more than just quarterly statistics it embodies the potential of tierII cities to achieve sustainable real estate growth through strategic infrastructure development employment creation and quality housing supply As Indias real estate market continues to evolve cities like Lucknow demonstrate that growth opportunities extend well beyond metropolitan markets The citys success story provides a blueprint for other tierII destinations seeking to unlock their real estate potential while offering investors and homebuyers compelling alternatives to crowded metropolitan markets The future appears bright for Lucknows real estate sector with strong fundamentals supportive policies and growing market confidence positioning the city for continued success in the evolving landscape of Indian real estate

Lucknow leads tier-II real estate growth with 25% unit sales surge and 48% value jump in Q1 2025, defying national market decline trends.

Lucknow's Real Estate Renaissance: A Tier-II Success Story

<p>A Landmark Opportunity for Urban Regeneration</p>
<p>In the heart of South Mumbai, a historic chapter is about to turn. The <a href="https://www.mhada.gov.in/en" target="_blank">Maharashtra Housing and Area Development Authority</a> (MHADA), through its <a href="https://www.mhada.gov.in/en/e-mitra/mumbai-building-repair-and-reconstruction-board" target="_blank">Mumbai Building Repairs and Reconstruction Board</a> (MBRRB), has invited bids for the ambitious redevelopment of Kamathipura—a storied 34-acre neighborhood long known as the city’s historic red-light district. This landmark initiative, spanning approximately 73,145 square meters of net plot area, promises to reshape not just the skyline but the lives of its residents.</p>
<h2>A Community in Transition: The Project’s Scope</h2>
<p>The Kamathipura cluster is home to 943 aging cess buildings, many of which are nearly a century old. These structures house 8,001 residents—6,625 residential tenants and 1,376 non-residential occupants—alongside about 800 landowners. The redevelopment project, guided by the Maharashtra government’s January 2023 resolution and the DCPR 2034’s Regulation 33(9), will unlock 44,000 square meters of land and grant developers an impressive 5.67 lakh square meters of development rights. The vision: to construct around 4,500 new housing units, breathing fresh life into this historic urban village.</p>
<h2>A Vision of Inclusive Redevelopment</h2>
<p>The Kamathipura Cluster Redevelopment Project—Urban Village—is more than just bricks and mortar. It is a commitment to providing larger, safer homes for current residents, coupled with upgraded infrastructure, vibrant commercial spaces, and inviting recreational areas. The project aims to preserve the community’s spirit while offering a modern, dignified standard of living.</p>
<h2>Fair Compensation: Rewriting the Future for Landowners</h2>
<p>Under the project’s compensation plan, landowners will receive new housing units based on the size of their plots:</p>
<p>Up to 50 sq m: One 500 sq ft unit</p>
<p>51–100 sq m: Two units</p>
<p>101–150 sq m: Three units</p>
<p>151–200 sq m: Four units</p>
<p>Every additional 50 sq m beyond 200 sq m: One extra 500 sq ft unit</p>
<p>This equitable approach ensures that every stakeholder has a meaningful stake in the neighborhood’s revival.</p>
<h2>A New Chapter for Mumbai’s Heritage</h2>
<p>The Kamathipura redevelopment is a milestone in Mumbai’s urban evolution, offering a blueprint for how historic districts can be revitalized while respecting their legacy. By blending heritage with modernity, the project promises to set a new standard for inclusive, community-driven urban transformation.</p>

A Landmark Opportunity for Urban Regeneration In the heart of South Mumbai a historic chapter is about to turn The Maharashtra Housing and Area Development Authority MHADA through its Mumbai Building Repairs and Reconstruction Board MBRRB has invited bids for the ambitious redevelopment of Kamathipura a storied 34 acre neighborhood long known as the citys historic red light district This landmark initiative spanning approximately 73145 square meters of net plot area promises to reshape not just the skyline but the lives of its residents A Community in Transition The Projects Scope The Kamathipura cluster is home to 943 aging cess buildings many of which are nearly a century old These structures house 8001 residents 6625 residential tenants and 1376 non residential occupants alongside about 800 landowners The redevelopment project guided by the Maharashtra governments January 2023 resolution and the DCPR 2034s Regulation 339 will unlock 44000 square meters of land and grant developers an impressive 567 lakh square meters of development rights The vision to construct around 4500 new housing units breathing fresh life into this historic urban village A Vision of Inclusive Redevelopment The Kamathipura Cluster Redevelopment Project Urban Village is more than just bricks and mortar It is a commitment to providing larger safer homes for current residents coupled with upgraded infrastructure vibrant commercial spaces and inviting recreational areas The project aims to preserve the communitys spirit while offering a modern dignified standard of living Fair Compensation Rewriting the Future for Landowners Under the projects compensation plan landowners will receive new housing units based on the size of their plots Up to 50 sq m One 500 sq ft unit 51100 sq m Two units 101150 sq m Three units 151200 sq m Four units Every additional 50 sq m beyond 200 sq m One extra 500 sq ft unit This equitable approach ensures that every stakeholder has a meaningful stake in the neighborhoods revival A New Chapter for Mumbais Heritage The Kamathipura redevelopment is a milestone in Mumbais urban evolution offering a blueprint for how historic districts can be revitalized while respecting their legacy By blending heritage with modernity the project promises to set a new standard for inclusive community driven urban transformation

MHADA invites bids to redevelop 34-acre Kamathipura, promising modern homes and upgraded infrastructure for 8,000+ residents

Kamathipura’s Transformation: Mumbai’s Historic Heart Awaits Renewal

<p>A HighProfile Transaction in Mumbais Thriving Market</p>
<p>Bollywoods beloved fatherson duo <b>Hrithik Roshan</b> and <b>Rakesh Roshan</b> have made headlines with the sale of three residential apartments in Mumbais bustling Andheri West Collectively fetching <b>₹675 crore</b> these transactions underscore the enduring allure of Andheri as a prime real estate destination for both celebrities and discerning buyers</p>
<h2>Unveiling the Deals Details of the Transactions</h2>
<p>The trio of sales took place in May 2025 with each property offering a unique value proposition In the first transaction Rakesh Roshan sold a spacious 1025 sq ft apartment in Veejays Niwas CHS Limited along with two parking spaces to Sonali Ajmera for <b>₹375 crore</b> The deal registered on May 25 involved a stamp duty payment of ₹1875 lakh and registration charges of ₹30000</p>
<p>The second transaction saw Rakesh Roshan part with a 625 sq ft apartment in Raheja Classique Andheri West for <b>₹220 crore</b> The buyersJeevan Bhavanani Shilpa Wadhwani and Gaurav Wadhwanisealed the deal on May 17 with a stamp duty of ₹1320 lakh and registration charges of ₹30000</p>
<p>In the third and final transaction Hrithik Roshan sold a 240 sq ft apartment in the same Raheja Classique building to the same buyers for ₹80 lakh This sale also registered on May 17 included a stamp duty of ₹480 lakh and registration charges of ₹30000</p>
<h2>Andheri West A Magnet for Talent and Investment</h2>
<p>Andheri West stands out as a key real estate market in Mumbai celebrated for its seamless connectivity via road rail and metro Its strategic location near Chhatrapati Shivaji Maharaj International Airport and major business districts like Bandra Kurla Complex BKC SEEPZ and Lower Parel makes it a magnet for professionals and businesses alike This proximity fuels robust demand for both residential and commercial properties ensuring a vibrant and dynamic market</p>
<h2>A Glimpse into Hrithik Roshan’s Real Estate Portfolio</h2>
<p>Hrithik Roshans real estate acumen extends beyond Andheri In January 2025 he leased a 2727 sq ft commercial space in Goregaon for a monthly rent of ₹562 lakh In February he renewed the rental agreement for a 9209 sq ft commercial property in Punes Kharadi area commanding a monthly rent of ₹608 lakh These deals highlight his strategic approach to real estate investment balancing residential and commercial holdings across Mumbai and Pune</p>
<h2>A Vision for the Future</h2>
<p>The Roshan familys recent transactions are more than just property salesthey reflect a deep understanding of Mumbais evolving real estate landscape By capitalizing on Andheris strategic advantages and their own star power Hrithik and Rakesh Roshan continue to set benchmarks in luxury real estate inspiring both fans and investors to seek value connectivity and prestige in their property choices</p>

A HighProfile Transaction in Mumbais Thriving Market Bollywoods beloved fatherson duo Hrithik Roshan and Rakesh Roshan have made headlines with the sale of three residential apartments in Mumbais bustling Andheri West Collectively fetching ₹675 crore these transactions underscore the enduring allure of Andheri as a prime real estate destination for both celebrities and discerning buyers Unveiling the Deals Details of the Transactions The trio of sales took place in May 2025 with each property offering a unique value proposition In the first transaction Rakesh Roshan sold a spacious 1025 sq ft apartment in Veejays Niwas CHS Limited along with two parking spaces to Sonali Ajmera for ₹375 crore The deal registered on May 25 involved a stamp duty payment of ₹1875 lakh and registration charges of ₹30000 The second transaction saw Rakesh Roshan part with a 625 sq ft apartment in Raheja Classique Andheri West for ₹220 crore The buyersJeevan Bhavanani Shilpa Wadhwani and Gaurav Wadhwanisealed the deal on May 17 with a stamp duty of ₹1320 lakh and registration charges of ₹30000 In the third and final transaction Hrithik Roshan sold a 240 sq ft apartment in the same Raheja Classique building to the same buyers for ₹80 lakh This sale also registered on May 17 included a stamp duty of ₹480 lakh and registration charges of ₹30000 Andheri West A Magnet for Talent and Investment Andheri West stands out as a key real estate market in Mumbai celebrated for its seamless connectivity via road rail and metro Its strategic location near Chhatrapati Shivaji Maharaj International Airport and major business districts like Bandra Kurla Complex BKC SEEPZ and Lower Parel makes it a magnet for professionals and businesses alike This proximity fuels robust demand for both residential and commercial properties ensuring a vibrant and dynamic market A Glimpse into Hrithik Roshans Real Estate Portfolio Hrithik Roshans real estate acumen extends beyond Andheri In January 2025 he leased a 2727 sq ft commercial space in Goregaon for a monthly rent of ₹562 lakh In February he renewed the rental agreement for a 9209 sq ft commercial property in Punes Kharadi area commanding a monthly rent of ₹608 lakh These deals highlight his strategic approach to real estate investment balancing residential and commercial holdings across Mumbai and Pune A Vision for the Future The Roshan familys recent transactions are more than just property salesthey reflect a deep understanding of Mumbais evolving real estate landscape By capitalizing on Andheris strategic advantages and their own star power Hrithik and Rakesh Roshan continue to set benchmarks in luxury real estate inspiring both fans and investors to seek value connectivity and prestige in their property choices

Hrithik and Rakesh Roshan sell three Andheri apartments for ₹6.75 crore, highlighting Mumbai’s luxury real estate market.

Roshan Family’s Andheri Real Estate: A Star-Studded Sale

<p>A New Dawn for Purposeful Living</p>
<p>In a world where life moves at breakneck speed, a growing number of people are seeking deeper meaning, well-being, and a stronger connection to nature. The launch of Vedic City in Gurgaon on May 26th at <a href="https://www.hyatt.com/" target="_blank">Hyatt Regency</a> was not just another real estate event—it was an invitation to live differently, to embrace a lifestyle rooted in mindfulness, sustainability, and timeless Vedic principles.</p>
<h2>An Immersive Experience: Beyond Bricks and Mortar</h2>
<p>From the moment guests entered the venue, they were transported into an atmosphere of minimalist elegance and natural harmony. The carefully curated setting reflected the project’s core ethos: a commitment to wellness, intentionality, and living in sync with nature. Vedic City is designed as a self-sustaining township, where hundreds of acres are master-planned around forest-inspired layouts, wellness zones, and sustainable ecosystems, all inspired by the wisdom of Vedic living.</p>
<h2>Curating a Way of Life</h2>
<p><b>Mr. Narang</b>, the visionary behind Vedic City, spoke not as a conventional developer, but as a curator of lifestyle transformation. He painted a vivid picture of a community where wellness is seamlessly integrated into daily life, where every aspect—from architecture to daily routines—is designed to nurture health, happiness, and harmony.</p>
<h2>Milind Soman: A Voice of Authenticity</h2>
<p><b>Milind Soman</b>, renowned for his dedication to fitness and conscious living, lent his voice and presence as the brand ambassador of Vedic City. <i>“It is honest. It is built on real values, health, sustainability, and living well,”</i> he shared. His authentic endorsement resonated deeply, reinforcing the project’s commitment to genuine, values-driven living.</p>
<h2>A Gathering of Visionaries</h2>
<p>The launch event brought together a diverse group of investors, wellness professionals, urban planners, designers, and artists. Each found common ground in the idea of creating not just homes, but a better rhythm of life. The evening reached an emotional crescendo with a soul-stirring performance by the legendary Gurdas Maan, whose music celebrated rootedness, connection, and timeless traditions.</p>
<h2>Beyond a Project: A Movement for Meaningful Living</h2>
<p>As the night transitioned into thoughtful conversations over dinner, a reflective energy filled the room. Vedic City had sparked a deeper dialogue about life, sustainability, and purpose. The project was introduced not with fanfare, but with intent—inviting guests to consider not what they want to own, but how they want to live.</p>
<h2>A Vision for the Future</h2>
<p>Vedic City stands as a beacon for those seeking a more intentional, connected, and sustainable way of life. It is more than a real estate project; it is a movement to redefine modern living, blending ancient wisdom with contemporary innovation.</p>

A New Dawn for Purposeful Living In a world where life moves at breakneck speed a growing number of people are seeking deeper meaning wellbeing and a stronger connection to nature The launch of Vedic City in Gurgaon on May 26th at Hyatt Regency was not just another real estate eventit was an invitation to live differently to embrace a lifestyle rooted in mindfulness sustainability and timeless Vedic principles An Immersive Experience Beyond Bricks and Mortar From the moment guests entered the venue they were transported into an atmosphere of minimalist elegance and natural harmony The carefully curated setting reflected the projects core ethos a commitment to wellness intentionality and living in sync with nature Vedic City is designed as a selfsustaining township where hundreds of acres are masterplanned around forestinspired layouts wellness zones and sustainable ecosystems all inspired by the wisdom of Vedic living Curating a Way of Life Mr Narang the visionary behind Vedic City spoke not as a conventional developer but as a curator of lifestyle transformation He painted a vivid picture of a community where wellness is seamlessly integrated into daily life where every aspectfrom architecture to daily routinesis designed to nurture health happiness and harmony Milind Soman A Voice of Authenticity Milind Soman renowned for his dedication to fitness and conscious living lent his voice and presence as the brand ambassador of Vedic City It is honest It is built on real values health sustainability and living well he shared His authentic endorsement resonated deeply reinforcing the projects commitment to genuine valuesdriven living A Gathering of Visionaries The launch event brought together a diverse group of investors wellness professionals urban planners designers and artists Each found common ground in the idea of creating not just homes but a better rhythm of life The evening reached an emotional crescendo with a soulstirring performance by the legendary Gurdas Maan whose music celebrated rootedness connection and timeless traditions Beyond a Project A Movement for Meaningful Living As the night transitioned into thoughtful conversations over dinner a reflective energy filled the room Vedic City had sparked a deeper dialogue about life sustainability and purpose The project was introduced not with fanfare but with intentinviting guests to consider not what they want to own but how they want to live A Vision for the Future Vedic City stands as a beacon for those seeking a more intentional connected and sustainable way of life It is more than a real estate project it is a movement to redefine modern living blending ancient wisdom with contemporary innovation

Vedic City Gurgaon launches as a mindful, sustainable township inspired by Vedic wisdom and modern wellness principles.

Lucknow's Real Estate Renaissance: A Tier-II Success Story

National Market Overview

Lucknow's Outstanding Performance

Key Growth Drivers

Market Comparison

Future Outlook

Read More

Kamathipura’s Transformation: Mumbai’s Historic Heart Awaits Renewal

Roshan Family’s Andheri Real Estate: A Star-Studded Sale

Vedic City Gurgaon: Redefining Modern Living with Ancient Wisdom

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