John

Smaller "Tier II" cities are driving real estate growth in the country.

Towns such as Surat, Chandigarh, Nagpur, Vadodara, Visakhapatnam and Jaipur are experiencing the initial phase of rapid economic growth in an industry growing at more than 30 per cent per annum. This order of growth is shifting the focus of investors and developers to the relatively smaller cities and hence there is likelihood of such emerging cities leading the transformation of the Indian real estate sector.

A survey was conducted among leading institutional investors. The survey reveals that close to 80 per cent of the respondents believe that India as an excellent investment destination in the short to mid term of 3 to 5 years in comparison to other Asian markets such as China, Vietnam, Indonesia, Malaysia and Thailand. More than 50 per cent of the respondents believe that high growth trajectory of 25 per cent year on year growth will continue for 2-3 years, with 15 percent believing that the trend will continue for more than 5 years.

In the next three years, India's realty sector will witness a combined investment of $5 billion, more than 50 per cent respondents said. Around one fifth of the respondents say that the investment could go up to $20 billion. Interestingly, these respondents feel that logistics and warehousing infrastructure will be their preferred asset class for investment. The real estate sector is witnessing growth and attracting immense amount of interest from developers, consumers, investors in India and abroad.

firewire1234

Quite interestin...

I found an article which described the potential of Bhopal as far as real estate is concerned...

It mentions the places in the city which will see a real estate price hike.

Quite interestin...

U can check out the article..its titled... Untapped potential, Bhopal

Thanks.

Armaan!