MEDIA COVERAGE
July 21, 2023
Potential for Real Estate centers in Tier-3 cities and rural communities in India!
Mr Rakesh Reddy, Director , Featured Article on Housing.com
For investors looking for long-term capital growth, real estate investing has continued to be a good option. India’s Tier-1 cities have historically been the most lucrative markets. Tier-3 cities and towns, however, have recently become attractive options.
Small towns are becoming major real estate growth engines in India’s real estate industry, with the potential for exponential growth. Enhanced economic growth, infrastructure development, better connectivity, a cheap cost of living, and attractive real estate prices are the main drivers of this rise. Because they provide profitable returns, Tier-3 cities have developed into thriving real estate hotspots for both investors and homeowners.
India’s economy continues to shine as a beacon of stability and competitiveness amid the global economic crisis brought on by inflationary pressures and supply chain disruptions. The rise of Tier-3 cities and towns, which act as significant development hubs and show promise for socioeconomic expansion, is responsible for this resilience.
Bhubaneshwar, Vadodara, Mysore, Madurai, Mangalore, Nashik, Raipur, Tiruchirappalli, and Vijayawada are a few important Tier-3 cities. These are developing into centers of economic growth. Like big cities, they will provide a wealth of investment opportunities in the residential and commercial sectors.
Commenting further on the untapped potential of the Tier-3 cities in India, our Director Mr Rakesh Reddy shared his thoughts on an exclusive published on Housing.com. Click on the link below to know more about the same.
