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Tuesday, September 18, 2007

11 tier II Indian cities, such as Surat, Chandigarh, Nagpur, Vadodara, Visakhapatnam and Jaipur, are emerging as growth and investment centers: survey

The highlights of "The FICCI-Ernst and Young Indian Real Estate Report, 2007: Growth and New Destinations" were released today.

The realty sector in India is growing by more than 30 per cent per annum. This order of growth is shifting the focus of investors and developers to relatively smaller cities. There is a likelihood of such emerging cities leading the transformation of the real estate sector, the study says.

The report, will be released on September 27 at FICCI's International Real Estate summit in Mumbai.

Related Stories

1. Pune is "A" city! The FICCI-Ernst and Young Indian Real Estate Report, 2007: says, stop calling tier I, II and II cities. Start calling A, A+,

2. Compared to other Asian markets like China, Vietnam, Malaysia, Indonesia, Thailand; "India is an excellent investment destination": FICCI-E&Y survey

3. India on hiring spree: financial sector and real estate leading the talent hunt: a global HR consultancy firm, Manpower Inc. survey

4. There is a huge potential in the hospitality space. India today is experiencing a 20-25% growth in tourism and a 14% growth in international arrivals: HVS International survey

5. Globalization of Real Estate Market: Fisher Center for Real Estate and Urban Economics at the University of California, Berkeley's Haas School of Business research.

6. 50 Indian cities ideal for retail sector: "The Geography of Opportunity - The India 50": Jones Lang LaSalle Meghraj report

Posted by Ravi Karandeekar at Tuesday, September 18, 2007
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