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What are TierI, II and III cities?

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What are TierI, II and III cities?

Last updated: May 30 2007
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  • 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?
  • #2

    #2

    Re : What are TierI, II and III cities?

    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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