Business Standard-Housing in tier-II cities: Assess job prospects, infra before investing
The weighted average price of newly launched projects in the top 30 Tier-II cities surged by up to 65 per cent between December 2023 and October 2024, according to a recent report by PropEquity. Before investing, one must understand the nuances of this emerging sub-asset class.
Key drivers: Employment, infra growth
Tier-II cities are emerging as attractive real estate destinations due to expanding employment opportunities. “Many of them are witnessing the development of information technology (IT) parks. Some are developing as industrial hubs,” says Santhosh Kumar, vice chairman, ANAROCK Group.
