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New Tier III Destination -- Can you Guess ??


New Tier III Destination -- Can you Guess ??

Last updated: August 4 2012
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  • New Tier III Destination -- Can you Guess ??

    A K Tiwary
    The Times of India (Delhi edition)

    Moradabad has emerged as one of the most favourable real estate destinations amongst Tier II & III cities. With the current developments happening in and around the city, Moradabad has attracted big developers in starting up real estate projects here. This has also helped create a plethora of new employment opportunities in the area.

    Moradabad lies on NH-24 and is well connected to Delhi, Lucknow, Bareilly and Haridwar. Because of its location and easy accessibility, the industrial and commercial development is taking place at a frenetic pace. Easy approach and connectivity to railway station and inter-state as well as inter-city bus terminals, an improvement in basic infrastructure, increased connectivity with its suburbs and availability of abundant skilled manpower have turned Moradabad into an attractive business destination for corporate houses and leading developers like Gaursons, TDI, Parsvnath, Supertech, Ansal Buildwell, among others. These factors have resulted in an increase in housing needs for the residents, as well as people coming to Moradabad for work.

    Various government initiatives make New Moradabad and Moradabad a hot area to invest in. Garhmukteshwar near Moradabad is being planned to be developed on the lines of Haridwar by the govt. This will attract tourists as well as investors to Moradabad. Moradabad Development Authority has recently created New Moradabad to accommodate the growing population of the city. They have carved out 16 new sectors on 900 acres of land.

    Keeping in view the needs of contemporary cosmopolitan lifestyle, Gaursons India Ltd is coming up with a mega-housing project, the ‘Gaur Gracious’ in Moradabad.

    According to Rahul Gaur, managing director, Gaursons India Ltd, the brass city will soon have yet another state-of-the-art landmark, the Gaur Gracious. Formulated on an entirely new concept, Gaur Gracious is a giant leap from the haveli-culture that Moradabad has been accustomed to, so far.
  • #2


    Re : New Tier III Destination -- Can you Guess ??

    Upcoming tier III cities...

    Other tier-III cities including Nashik, Kochi, Indore, Vadodara, Aurangabad, Kanpur, and Mysore are also fast emerging as prospective destinations for both real estate developers and investors.


    • #3


      Re : New Tier III Destination -- Can you Guess ??

      Any idea about real estate prices in Nashik?


      Have any questions or thoughts about this?