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IREF® - Indian Real Estate Forum > Real Estate Open House > General Real Estate Discussion > What are TierI, II and III cities?
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Old May 5 2007, 09:33 AM   #1
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Question What are TierI, II and III cities?

Dear forum members,

Can any buddy tell me what are TierI, II and III cities in India? and what is the criteria to define them?

 
Old May 30 2007, 01:46 PM   #2
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Exclamation TierI, II and III cities

Tier I cities:
Bangalore, Mumbai and NCR
Characterstics:
*Fairly well established real estate market
*Demand drivers quite pronounced

Tier II cities:
Hyderabad, Pune, Chennai and Kolkata
Characterstics:
*Growing real estate markets
*Experiencing heightened demand and investments

Tier III cities:
Chandigarh, Ludhiana, Lucknow, Guwahati, Bhubaneswar, Jaipur, Ahmedabad, Surat, Nagpur, Indore, Goa, Vishakapatnam, Mysore, Coimbatore, Kochi, Vijaywada, Mangalore, Trivandrum and Baroda
Characterstics:
*Real estate markets yet to establish
*Perceived to have substantial potential demand
 
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