Real Estate Booms in Emerging Cities
Real Estate

Real Estate Booms in Emerging Cities

India's rapid infrastructure expansion is unlocking real estate potential in 30 emerging cities, with land prices projected to grow up to 5.2 times by 2035, according to a report by Colliers. The transformation is driven by the development of key expressways, positioning cities like Nagpur, Jaipur, and Lucknow as rising investment hubs.

Nagpur tops the list of emerging cities, bolstered by the 701-km Samruddhi Mahamarg Expressway, which has significantly enhanced connectivity and growth prospects. Jaipur and Lucknow follow closely, with burgeoning micro-markets such as Ajmer Road and Raebareli Road, respectively, showing immense promise.

Other high-potential locations include Ahmedabad's Shela, Agra's Shastripuram, Meerut's Ganga Nagar, Chandigarh's Kharar, and Bhopal's Indus Towne. These micro-markets, spread across tier-2 cities, are anticipated to see exponential land price growth, making them attractive for real estate investment.

The analysis highlights the transformative impact of infrastructure projects like the Bharatmala Pariyojana, which aims to modernize highways, expressways, and feeder routes. Iconic expressways, including the Yamuna Expressway, Mumbai-Pune Expressway, and Dwarka Expressway, have already demonstrated the ability to turn surrounding areas into real estate hotspots.

Colliers’ evaluation considered key growth parameters, including physical and social infrastructure, demographic trends, economic activity, and real estate dynamics. The findings underscore the pivotal role expressways play in driving urbanization and land value appreciation in emerging cities.

As India accelerates its infrastructure development, these cities are expected to reshape the real estate landscape, offering lucrative investment opportunities for the future.

India's rapid infrastructure expansion is unlocking real estate potential in 30 emerging cities, with land prices projected to grow up to 5.2 times by 2035, according to a report by Colliers. The transformation is driven by the development of key expressways, positioning cities like Nagpur, Jaipur, and Lucknow as rising investment hubs. Nagpur tops the list of emerging cities, bolstered by the 701-km Samruddhi Mahamarg Expressway, which has significantly enhanced connectivity and growth prospects. Jaipur and Lucknow follow closely, with burgeoning micro-markets such as Ajmer Road and Raebareli Road, respectively, showing immense promise. Other high-potential locations include Ahmedabad's Shela, Agra's Shastripuram, Meerut's Ganga Nagar, Chandigarh's Kharar, and Bhopal's Indus Towne. These micro-markets, spread across tier-2 cities, are anticipated to see exponential land price growth, making them attractive for real estate investment. The analysis highlights the transformative impact of infrastructure projects like the Bharatmala Pariyojana, which aims to modernize highways, expressways, and feeder routes. Iconic expressways, including the Yamuna Expressway, Mumbai-Pune Expressway, and Dwarka Expressway, have already demonstrated the ability to turn surrounding areas into real estate hotspots. Colliers’ evaluation considered key growth parameters, including physical and social infrastructure, demographic trends, economic activity, and real estate dynamics. The findings underscore the pivotal role expressways play in driving urbanization and land value appreciation in emerging cities. As India accelerates its infrastructure development, these cities are expected to reshape the real estate landscape, offering lucrative investment opportunities for the future.

Next Story
Infrastructure Energy

NTPC Signs $11.5 Billion Clean Energy Deals in Chhattisgarh

Juniper Green Energy has successfully commissioned a 100-MW solar power project aimed at supplying electricity to Bhutan, marking a significant milestone in regional energy integration. According to the company's statement, the project facilitates a crucial cross-border agreement allowing Bhutan to receive 50% of the power generated during the winter months. This arrangement permits Bhutan to directly import power from an Indian generator under an established bilateral trade framework. Located in Rajasthan, the solar project contributes a total generation capacity of 100 MW. Highlighting the..

Next Story
Infrastructure Energy

Juniper Green Commissions 100-MW Solar Project for Bhutan

The New Delhi Municipal Council (NDMC) held its first council meeting since the Delhi Assembly polls focusing on a comprehensive Summer Action Plan aimed at achieving 100% solar energy adoption by 2026. The meeting, led by MP Bansuri Swaraj, began with the swearing-in of three new NDMC members — Delhi Minister and New Delhi MLA Parvesh Sahib Singh, Delhi Cantt. MLA Virender Singh Kadian, and Ravi Kumar Arora, Additional Secretary of the Ministry of Housing and Urban Affairs. Solar Energy Push NDMC Vice Chairman Kuljeet Singh Chahal announced the civic body's ambitious solar energy plans, ..

Next Story
Infrastructure Energy

NDMC Pushes for 100% Solar Energy by 2026

Mumbai-based energy storage startup AmpereHour Energy has raised $5 million from Avaana Capital, with participation from UC Impower and other angel investors. Founded in 2017 by IIT Bombay alumni, AmpereHour Energy focuses on building AI/ML-enabled Energy Storage Systems ranging from kW/kWh scale systems for Mini-grids to MW/MWh scale systems compatible with solar PV and wind plants. The systems are designed to be plug-and-play, integrated with the company’s proprietary Energy Management platform, Elina. The fresh capital will be directed towards expanding manufacturing and software capabi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?