Rise of Small Cities

Buoyed by the growing economic and business base, fast expanding infrastructure and connectivity, Tier 2 and Tier 3 cities are the new growth boosters of real estate. Particularly, post-pandemic, these cities have gained momentum to emerge as the bright stars on the urban landscape.

The Modi government’s massive push to build highways and expressways, besides expansion of rail, metro, and air connectivity, has provided a big boost to real estate in many Tier 2 cities, which are getting metro rail and regional air connectivity. Despite big strides made by these cities in recent years, Tier 2 & 3 cities have only 30% market share of residential real estate. This itself shows the massive scope of real estate growth in these cities.

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Published on 07 December 2022

Published in NBM&CW DECEMBER 2022