New Delhi, April 12, 2017: While metro cities are struggling with issues like lack of space, over-population and housing development nearing saturation, it is the Tier 2 cities that have emerged as the next focused investment destinations for real estate buyers in India. Magicbricks, India’s no 1 property site, ran a pollon “Would you like to invest in Tier 2 cities?” Over 98% of the respondents agreed and showed their interest in parking their money in smaller towns and cities.
Jagmohan Sharma, a senior government employee having a residential base in Sector 37, Noida was considering investing in real estate. Sharma says, “Though I was extremely confused on where to invest – Noida, Delhi, Gurgaon or Faridabad – but to my surprise I was recommended by my friend to invest in a Tier 2 city.”
Initially Sharma was hesitant but later he not only agreed but even explained the advantages of doing so. Sharma said, “I did an in-depth research on the nearby locations and zeroed down on a few areas such as Alwar,Bhiwadi, Sohna and Jaipur Expressway.I finally purchased a plot near Jaipur on the Ajmer Highway.”
So what makes the Tier 2 cities more enticing for an investment?
Corporate Comm India (CCI Newswire)
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