Financial Express-How emerging cities are driving India’s realty boom – Key reasons
Emerging cities in India are rapidly becoming the driving force behind the country’s real estate boom, offering a rare mix of affordability, luxury, and high returns away from the crowded metropolises. According to a PropEquity report, residential property launch prices across India’s top 10 Tier II cities – including Goa, Chandigarh, Mohali, Lucknow, and Jaipur — have witnessed a rise up to 94% in new launch projects in the last five fiscal years ending 2023-24 due to growing consumer confidence, a buoyant job market and robust infrastructure development.
Among these realty hotspots, the Tricity region — comprising Chandigarh, Mohali, and Panchkula — has emerged as a thriving realty hub for homebuyers and investors alike, especially in the post-pandemic era.
