Upcoming tier II cities in North India

Q: What are the upcoming tier two cities in north India to give good short term capital gains?

Joydeep D,

1st March 2013

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Yes Tier 2 cities in North India are always a better choice than Tier 1 cities as they offer more affordable homes than big cities. The major Tier 2 cities in North India that offers great promises in short term are Jaipur, Nagpur, Surat, Nashik, Baroda and Dehra Dun. Lot of new projects are coming up here. Choosing a property within a residential complex will be a good idea. But compared to Tier 1 cities amenities are less here and options for upper middle class will be also less compared to Tier 1 cities. But if you are investing for the sake of returns, these facts should not affect your decisions. You may go ahead and look out for the best option taking the help of a trusted real estate portal.

Anil Singh, Noida

6th March 2013

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Hi Joydeep, Tier 2 cities like Pune, Ahmedabad and Noida in North India are now climbing the ladder to become Tier 1 especially in terms if demand for property. At the same time Tier 3 cities like Jaipur, Nagpur, Surat, Nashik, Baroda and Dehra Dun are fast catching up to that space. Large demand for housing sectors, fast picking infrastructure, fast commercialization, all these makes Tier 2 cities dearer. Also, it is a fact that Tier 1 cities of North have already reached a stage of stagnation which is in turn igniting the demand of property in Tier 2 cities. Capital gains can be expected in 3-4 years time.

Praveen Modi, Mumbai

6th March 2013

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