Business Standard - Tier-II cities become real estate developers’ next address for growth
Residential developers are increasingly expanding into India's Tier-II cities as they see improving infrastructure, industrial growth, and changing home-buyer preferences creating new growth opportunities beyond the country's metropolitan markets.
Industry executives say relatively lower market saturation, the availability of larger land parcels, and sustained end-user demand are making these cities an attractive destination for investment, even as rising land and construction costs pose challenges to project economics. The expansion of developers into Tier-II cities is being driven by a powerful combination of infrastructure
