subject: Tier 2 Hot Spots Ready For Real Estate Boom In India [print this page] Real estate price hike in tier 1 cities of India as Delhi NCR, Gurgao, Mumbai, Bangalore has given a way to real estate builders find other hot spots in India that pose equal chances of growth in coming years. And so these cities termed as tier 2 cities are playing leads in real markets of the respective states in India and are creating better investment options.
Lets have a look at the cities as to why and what factors make them suitable for the list:
JAIPUR: Already established for traditional businesses the city enjoys the position of full grown capital of Rajasthan. Talking about real estate then Jaipur tonk road is especially the area to consider. Excellent connectivity to Delhi and Gurgaon, proximity to Airport and metro in pipeline makes this area interesting for many builders. Tonk as the strong agricultural base and emerging education hub along with sitapura such factors make the place favourable.If one sees the continuity then after Noida and Gurgaon bloom, Jaipur tonk road is the next in line for rise in real estate.
Bhubaneswar in Orissa shares the same fate as Jaipur. Being the capital city, it is also emerging as IT and education hub. Companies like TATA group, Indian Oil, NALCO are providing great edge to the city. City connectivity through Air lines at best is of utmost importance for real market to grow here.
Indore: Though not the capital of Madhya Pradesh the city enjoys its status of being the economic capital and nerve center of the state in a various aspects. Recent scenario of IT sector establishment through TCS and Infosys, National real estate players as DLF, parsvnath and others are heading towards the city. Even the local players as silver springs, sky earth real estate developers in Indore are setting benchmarks. Flats in Indore are for lower to middle to upper middle class and are being constructed to ensure better quality of life for the residents.
Vadodara: The most promising tier 2 city of all. Being a part of golden quadrilateral project the city has lot of potential in successful real estate market. Connectivity to Ahmadabad and Mumbai with direct flights and express highway get the city biggest advantage.
With all these cities mentioned Pune in Maharashtra, Cuttack in Orissa, and Raipur in Chhattisgarh are the other few more cities being marked for equal potential for real estate in coming future. Residents of all these places now have the reason to enjoy living big in non metro towns of India.
