Tier 2 cities witness significant surge in realty sector

Tier 2 cities witness significant surge in realty sector

Several Tier-2 cities have witnessed an influx of real estate investments due to a number of factors, lately. Establishment of industries, improved standard of living, easy availability of land, enhanced connectivity and reverse migration, to name a few. significant surge

Availability of abundant job opportunities, metro projects ad e-commerce companies are a few other reasons behind the growth of the Tier-2 cities.

Rajdarbar Realty Group

Rajdarbar Realty Group which is a renowned real estate group has been gaining grounds when it comes to sustainable realty projects across the country. Many such realty leaders have undertaken projects which will change the landscapes of the smaller cities, keeping in mind the present and future needs of the investors. In cities like Gurugram, Hisar, Agra and Meerut, various commercial and residential projects are under different phases of construction. significant surge

Tier-2 and Tier- 3 cities

Keeping in mind the ‘Make in India’ program by the government, many strategies and measures have been implemented to shift the focus to the Tier-2 and Tier- 3 cities.

comparatively lesser crowded cities

The accelerated growth in these establishments has been catalyzed by the ongoing Covid-19 pandemic which has prompted people to live in comparatively lesser crowded cities. The concept of working from home has made people realize the necessity of having a roof over one’s head and the growing need of space to accommodate all the members of the family is another contributing factor for a boost in the  real estate segment. Moreover, with the easy access to high-speed internet and affordable technology, working from home is a blessing which saves us a lot of travelling time and money. significant surge

cities are classified

Around 104 cities are classified under the Tier-2 segment which have their own pros and cons. A few advantages include excellent public transport, well-established hospitals, schools, banks, shopping areas, lesser traffic and low cost of doing business.

case for some Tier-2 cities

Lesser economic activity, fewer jobs, absence of MNCs and poor international air connectivity are some of the disadvantages which might be the case for some Tier-2 cities.

Investors and buyers

Investors and buyers are getting more and more attracted due to plenty of available space, pocket-friendly standards of living, pollution-free environment and affordable luxurious properties picked up as business projects by developers like Rajdarbar Realty Group.

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