Metros are basically regarded as Tier I cities, relatively smaller cities are regarded as Tier II cities whereas smaller cities are considered as Tier III ones. Large-scale investments and IT parks has boomed the realty sector creating congestion in the cities. This congestion in realty sector has forced the many investment companies to seek out for alternative smaller cities leading to a demand for Tier II and III cities. Of late, the tier II cities like Pune, Kolkata, Ahmedabad, Patna, Nagpur and Hyderabad have made development in business opportunities, real estate sector like never before. Tier III cities or the smaller cities like Jaipur, Ghaziabad, Kochi, Bhopal, Agra, etc. are also making it big into the realty business .