Tier 2 cities are experiencing rapid real estate market growth, outpacing metros. Factors driving this surge include economic diversification, affordability, improved quality of life, government infrastructure investments, and advancements in education and healthcare. These cities offer attractive investment opportunities with sustainable growth potential.
Real estate prices rose across 8 major Indian cities in Q2 2022, with Delhi-NCR leading at 10%. RBI's repo rate hike could influence lending rates. Pune saw a 5% rise, driven by 2 BHK demand.
Delhi NCR's real estate market offers affordable housing options under ₹50 lakh. Locations like NH-24, Greater Noida West, New Gurgaon, Raj Nagar Extension, and Faridabad are attracting buyers due to infrastructure development, metro connectivity, and upcoming projects.
North Chennai's real estate market is booming due to infrastructure development, affordable land, and e-commerce growth. CREDAI Chennai highlights the positive impact while advocating for improved community spaces and long-term planning.