Non-metropolitan cities all throughout India are becoming popular destinations for investments as real estate markets change. Tier-2 and tier-3 cities are drawing developers and investors due to their lowering construction and acquisition costs and rising land acquisition rates. Potential yearly returns on investment (ROI) of 8% to 12% are noted by analysts; these figures vary depending on market circumstances and geographic area. Goel Ganga Developments’ Director Gunjan Goel observes, “Historical data supports these promising returns.” Younger professionals and families are moving to these areas due to the improved quality of life and low cost of living, which is increasing demand for residential real estate.
Read More: Purchasing property? Know why non-metro cities can be your best bet
