Tier-II & III cities might see housing demand: C&W
There will be an incremental housing demand of 9.44 lakh units in next five years in 11 of the tier-II and III cities according to, property consultant Cushman & Wakefield (C&W). Surat is likely to see highest incremental residential demand among 11 cities selected in a study at 2.3 lakh units, followed by Kochi at 1.18 lakh units and Visakhapatnam at one lakh units. Lucknow would witness an incremental housing demand of 89,600 units, Jaipur 81,700 units, Nagpur 80,000 units, Indore 78,100 units, Coimbatore 76,000 units, Vadodra 36,600 units, Chandigarh 33,100 units and Bhubaneswar 21,600 units.
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