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What are TierI, II and III cities?
May 5 2007 , 09:33 AM   #1
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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?
May 30 2007 , 01:46 PM   #2
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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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