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.

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