The Equitable Growth and Emerging Real Estate Hotspots report evaluated more than 100 emerging cities, prioritizing growth potential and real estate attractiveness.
Aneeka Chatterjee Bangalore National Park
By 2050, India is expected to be home to nearly 100 cities with over a million population, in addition to eight megacities, says a report by Colliers India. Seventeen out of 30 high-potential cities are witnessing growth across asset classes, driven by infrastructure development, digitization and the rise of spiritual tourism.
The report, “Equitable Growth and Emerging Real Estate Hotspots,” evaluated more than 100 emerging cities, acknowledging growth potential and real estate attractiveness, and selected 30 cities that, according to the report, are poised for significant growth.
Click here to connect with us via WhatsApp
“Smaller cities are emerging as dynamic players in the Indian economy, driven by improved infrastructure, affordable land, skilled workforce and government initiatives,” said Badal Yagnik, CEO of Colliers India.
As hybrid working becomes more common, companies are adopting the hub-and-spoke model and setting up branches in smaller cities. Rapid digitization is also beneficial for smaller cities, especially in the areas of warehousing and data centers. The proliferation of e-commerce is leading to a rise in fulfillment centers and distribution centers, alongside the development of smart infrastructure, improving investment prospects.
“Pop culture scholar. Subtly charming beer specialist. Reader. Student. Devoted music advocate.”
.jpg?w=1200&auto=format%2Ccompress&ogImage=true)
