You are here: Home » PF » Features » Loans
;
Business Standard

Identifying the next boom town

Tier-II cities offer attractive investment opportunities but place your bets only on those you can easily monitor and where there's visible growth

Tinesh Bhasin  |  Mumbai 

Today there's a strong case for investors to look at property in Tier-II cities. Residential real estate prices in some of these cities have seen a correction in the past few quarters, according to the Reserve Bank of India's (RBI) House Price Index.

Moreover, many of these cities could grow at a faster pace compared to the metros if the country's economy grows at over seven per cent annually. Then, there's the government's smart city project. If successfully implemented, it has the potential to transform many Tier-II towns into metros. "With infrastructure improving ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, July 17 2016. 22:07 IST