Tag Archives: tier II cities property investment

Tier-II cities as a viable investment option for NRIs

Tier-II cities are better investment destinations due to higher potential for growth. Residential real estate prices in some of these tier II cities have seen a very good appreciation in the past few  years and is more likely to grow at a faster pace compared to the metros. Modi Government’s smart city project is also have major role to play as if successfully implemented, it has the potential to transform many Tier-II towns into metros. With improving infrastructure and more industries coming up in these cities, real estate market will more likely to see an expansion. While property prices in metros are sluggish, Tier-II cities have seen a significant positive correction. For NRIs who  usually want to invest either for their families or to create an asset have very good possibility to invest in these non-metros Tier-II cities as they can use them if they decide to relocate to India in future.. With Indian economy growing smoothly the Tier II cities are likely to expand day by day as Tier-II cities grow much faster than metros and more economic activity and infrastructure developments happen there. Major government policy changes like Real Estate Bill which is bringing much need transparency and credibility to the real estate sector will encourage more and more NRI investors to invest without hesitation and worry.
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