Should you invest in the real estate in tier-2 cities?
By Team Legistify / 2017-05-20

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As Indians, we love our real estate. We can see it, stand on it and experience it. It also generates an income, and if held long enough, multiplies our money. But the sector has been in the doldrums for the past few years, taking away the popular interest. But some die-hard enthusiasts are still bullish about this asset class. However, the current enthusiasm is not just for traditional realty hotspots in the big cities. There are many who are also upbeat about investing in tier 2 cities of the country.

Here, we try to look at what makes investments in tier 2 cities lucrative. What are some of the things you should consider before investing there? Here are some pointers:

Should you invest?

According to the Magicbricks survey, low property costs, government’s focus on smart cities and lower costs of living, are some of the factors that attract investors to tier 2 cities. However, experts are divided on whether one should invest in tier 1 or tier 2 cities.

“Tier 2 cities can potentially offer two important advantages: price and growth potential,” said Ramesh Nair, chief executive officer and country head, JLL India. But there are those who disagree. “From the investment point of view, tier 1 cities should be considered over tier 2 cities,” said Mir Jaffer Ali, founder and chief executive officer, PropUrban, a Bangalore-based global real estate investment advisory.

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