10 High Potential Tier 2 Cities for Residential Property Investment
Torbit Realty- May 12, 2024
Soaring economic activity, infrastructure development, and reverse migration are driving double-digit property price appreciation in emerging urban centers. Once overlooked , these urban centres -Tier 2 cities are rapidly closing the gap with their Tier-1 counterparts, emerging as the much sought after investment destinations.
One can buy residential property in Nagpur, Nashik, Vadodra, Bhopal for INR 3000-5000 per sq ft, in Jaipur, Kochi, Lucknow for INR 4000-8000 per sq ft, in Tricity Chandigarh for INR 7000-10000 per sq ft and in Goa for INR 6000-12000 per sq ft Select micro markets of Tier 2 cities are offeering 10-15 percent YoY capital appreciation? with capital values in premium locations of Goa, Kochi, Chandigarh Tricity matching Delhi-NCR and Mumbai.On the rental? front, hot Tier 2 destination of Goa is commanding a high? yield of 8 percent.
The real estate narrative of India is evolving rapidly, with Tier-2 cities like Kochi, Jaipur, Goa, and Chandigarh Tricity emerging as new growth powerhouses. Housing.com’s proprietary Property Buy Index reveals? that Tier-2 cities are? surpassing the top eight metros by a staggering 88 points, underscoring their increasing prominence and service sector potential.
Average
S.No. City Capital Values
(INR/sq ft)
1. Bhopal 3,000-5,000
2. Chandigarh 8,000-10,000?
Mohali 7,000-9,000?
领英推荐
Zirakpur 7,000-9,000
3. Coimbatore 5,500-7,500
4. North Goa 10,000-12,000
?South Goa 6,000-8,000
5. Jaipur 4,000-6,000
6. Kochi 6,000-8,000
7. Lucknow 5,000-7,000
8. Nagpur 4,000-6,000
9. Nashik 3,000-5,000
10. Vadodara 3,000-5,000
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