Tier II cities has the possibility of yielding maximum return on your real estate investments. It poses all the basic amenities, better infrastructure and transportation system. Health and educational institutions, corporate and industrial institutions and many more but it still has lots of scope for growth hence increases the demand for residential and commercial properties.
Most of the Tier II cities has been selected for Smart city project and will shoot up the real estate price once the project gets started. Expanding number of industries, commercial hubs and new infrastructures have accelerated the demand for more real estate projects.
Selection of several Tier-II cities for smart city has made them a promising real estate investment destination for NRI investors.
Tier-II cities are not only good for end-users with small pockets but are also great investments considering the potential price appreciation. The passage of the Real Estate Bill will also play an important role in the protecting the interest of buyers and ushering in more transparency in a sector for opacity.