A recent report by Colliers India, titled “Top 30 Emerging Cities of India,” has ranked Nagpur as the leading emerging city, followed by Jaipur and Lucknow. The evaluation considered factors such as infrastructure, population, and economic parameters.
The report also highlights other promising micro-markets, including Ahmedabad (Shela), Agra (Shastripuram), Meerut (Ganga Nagar), Chandigarh (Kharar), and Bhopal (Indus Town). These areas are projected to experience potential land value growth of up to 5.2 times by 2035.
Swapanil Anil, Managing Director of Colliers India, emphasized the role of expanding expressways in fostering economic development. He noted that the growth of organized townships and social infrastructure is boosting the tourism sector, which in turn drives demand for real estate, presenting promising investment opportunities for homebuyers.
Anil further suggested that now is an opportune time for individuals to invest in land within these emerging micro-markets along expressways, with expected returns exceeding five times the initial investment over the next decade.
This analysis underscores the rapid development anticipated in the real estate and market sectors of these emerging cities in the coming years.