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Tier-2 Cities See Increasing Demand For Luxury Housing
['Bhaskar Gandhi']
Real Estate Industry News & Insights
In India, the demand for luxury housing has traditionally been highest in metro cities.
However, lately, Tier-2 cities are emerging as a new hub for luxury real estate, with builders actively exploring and investing in extravagant projects.
Factors Leading to Rise of Luxury Housing in Tier 2 CitiesA number of factors have led to this increased demand for luxury housing in Tier 2 cities, here is a quick analysis.
Availability of LandUnlike metro cities, space is not a constraint in Tier-2 cities.
Additionally, home buyers can purchase residential spaces in Tier-2 cities at a much lower price compared to metro cities.