Tier-2, Tier-3 cities emerge as new hotspots

Real estate investment in India is taking a new turn as realty investors are favouring tier-2 and tier-3 cities due to lower prices and improving infrastructure in such cities. Among the non-resident Indians (NRIs), Bangalore is still the favourite destination for real estate investment in India. Industry insiders say the conducive reform-driven market environment and government sops have breathed life to Indian real estate. Long-term investors with realistic returns expectations are returning. Tier -2 and tier- 3 cities have emerged as the new investment hotspots thanks to low property prices and improved infrastructure boosting their overall growth potential.