Is real estate investment growing in Tier-2 cities? Here’s what experts say
Data showed that, in northern India, Lucknow led with an appreciation of 23.70 per cent YoY (year-on-year) in property prices, followed by Kanpur (19.52 per cent), with property values increasing to Rs 7,049 per square foot (psf). New Delhi: For years, Indiaโs real estate story was dominated by Tier-1 metros, where high-rise buildings and luxury projects defined growth. But today, the spotlight is shifting towards Tier-2 cities that are emerging as powerful investment magnets. As infrastructure, connectivity, and disposable incomes rise, so does the demand for high-end living in cities such as Lucknow, Chandigarh, Jaipur, Coimbatore, Indore, and Dehradun. Massive…