Business Standard-Nagpur, Lucknow, Jaipur lead next wave of realty boom in emerging cities
Nagpur, Jaipur and Lucknow are the top three performers among the 30 cities assessed on parameters such as physical infrastructure, social infrastructure, demographics, and economic factors, according to Colliers, a real estate consultancy firm.
Colliers conducted a comprehensive parameter-based analysis matrix to evaluate the growth drivers of emerging cities. This matrix was developed using five key parameters: physical infrastructure, social infrastructure, demographic growth, economic development, and real estate dynamics. Cities with a well-established ecosystem and strong future growth potential, driven by development initiatives from both government and private sectors, achieved higher scores in the assessment
