The real estate report complied by Knight Frank (India) has showcased a list of cities that are likely to witness gigantic success in their economic and
real estate scenario.
Outlined below is the table giving readers the details about those upcoming Indian cities:
City Ranking based on different parameters |
| City Name |
Real Estate |
People |
Physical Infrastructure |
Social Infrastructure |
Business Environment |
| Chandigarh |
1 |
2 |
1 |
7 |
1 |
| Ludhiana |
7 |
3 |
3 |
7 |
8 |
| Lucknow |
5 |
5 |
4 |
5 |
6 |
| Guwahati |
8 |
3 |
5 |
5 |
8 |
| Bhubaneswar |
4 |
1 |
4 |
4 |
4 |
| Jaipur |
5 |
6 |
2 |
2 |
4 |
| Ahmedabad |
4 |
1 |
4 |
3 |
4 |
| Surat |
9 |
3 |
6 |
6 |
7 |
| Nagpur |
4 |
1 |
1 |
5 |
3 |
| Indore |
6 |
2 |
6 |
5 |
5 |
| Goa |
5 |
4 |
2 |
1 |
3 |
| Visakhapatnam |
3 |
4 |
2 |
3 |
2 |
| Mysore |
4 |
3 |
5 |
4 |
3 |
| Coimbatore |
7 |
4 |
4 |
7 |
4 |
| Kochi |
2 |
2 |
3 |
3 |
3 |
Incase, you are thinking about to make large investments in any of these cities, considering the following parameters can do wonder for you. Let’s see how:
Real Estate: Today, real estate has emerged as a major segment for everyone interested to make hard cash. The cost, availability of space, outlook are some if the variables to be considered here. These variables play a crucial role in determining the actual growth to be earmarked by the city. However, Tier II and Tier III cities are likely to undergo paradigm shift as they enjoy cost advantages which seem to be lacking with Tier I cities.
Overall Ranking of Cities |
City Name |
Rank |
Chandigarh |
1 |
Nagpur |
2 |
Goa |
3 |
Kochi |
3 |
Visakhapatnam |
4 |
Ahmedabad |
5 |
Bhubaneswar |
6 |
Jaipur |
7 |
Mysore |
8 |
Indore |
9 |
Lucknow |
10 |
Coimbatore |
11 |
Guwahati |
12 |
Ludhiana |
13 |
Surat |
14 |
People: Any country or city is made by its citizens who directly contribute to the market potential and stand up for the factors including decadal growth, retail success. Undoubtedly, a city with high growth as well as high purchasing power would also be enjoying a strong consumer base.
Physical Infrastructure: The physical infrastructure of the city plays a crucial role in cutting the costs, thereby leveraging benefits of the low cost to the fullest. Sub parameters including an excellent network of road, air connectivity, easy commutability and a conducive environment for the organizations to establish and promote their businesses.
Also, there are other determinants that fall under the category of sub parameters. This includes telecom services, power supply and the available array of facilities to IT/ITes companies. All these factors serve as cost variants and can influence the general attractiveness of a city.
Social Infrastructure: Another important factor playing
a crucial role in pushing the growth of a city is its social infrastructure.
A number of corporates are driven by cost constraints and opt for shifting
the operations to the cities offering low cost of living which further
depends on the social attractiveness of the city. Presence of educational
institutions is another critical sub parameter and implies quality manpower
in the region. Other social sub parameters include hotels, entertainment
avenues which serve as business support facilities.
