Real Estate Investments aren't any longer restricted to major metros investors area unit equally, if no more, enthusiastic about Tier a pair of cities as sites of expenditure, ANAROCK’s 2ND edition of its shopper Sentiment Survey shows.
These cities, with Nashik, Jaipur, Chandigarh, Ahmedabad, and Kochi ranking among the new most popular destinations.
urban center and Pune also are hot spots for investments, garnering 21% and 18% - votes severally.
Anuj Puri, chairman of ANAROCK Property Consultants aforementioned, Their increasing bullishness on Tier a pair of cities as against their Tier one counterparts isn't simply on an account of their comparatively more cost-effective property costs, however additionally due to their higher growth prospects.
The smart city tag is additionally believed to be driving this variation these cities area unit supported by government initiatives like Smart Cities and AMRUT, the implementation of that has been power tool than in Tier one cities.
These area unit followed by Bengaluru as their second alternative.