Wednesday, March 26, 2008

Indian real estate shows a rapid shift in the focus from the metros and Tier I cities to the Tier II and Tier III cities

The industry is moving over from Delhi, Mumbai, and Chennai, to pave the path for the new contestants in the race. The real estate industry has realised that there is life and potential for growth of the industry beyond the mega and metropolitan cities in India.

Tier II cities like Ghaziabad, Rohtak, Faridabad, Bhiwani, Chandigarh, Indore, Ahmedabad, Kochi, Secunderabad, Rajkot, and Pune,, Nagpur, Surat, Vadodara, Visakhapatnam and Jaipur are experiencing the initial phase of rapid economic growth.

The major industrial sectors are making huge investments in these cities, making them hotbeds for growth and development. These towns have a sea of opportunities in store, both from the demand and supply sides.
Shaping dreams: The emerging metros of tomorrow

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