Money Control - Will proposed industrial smart cities drive real estate boom?
G Hari Babu, President, National Real Estate Development Council (NAREDCO), said that the approval of 12 new industrial smart cities will open up opportunities for industrial as well as real estate investment, as these areas are likely to see a surge in interest from both businesses and homebuyers looking to benefit from the new industrial growth.
“As a result of this initiative, demand for residential and commercial spaces is set to rise in key areas such as Agra and Prayagraj in Uttar Pradesh, and Orvakal and Kopparthy in Andhra Pradesh. The increased economic activity and improved connectivity will drive growth in these regions, making them more appealing for new developments,” Babu told Moneycontrol.
