Expressways to Drive Significant Growth in 30 Indian Cities by 2035, Nagpur Takes the Lead
Amid an unprecedented expansion of road infrastructure, including expressways, India now has 30 cities with significant growth potential, with Nagpur leading the way, according to a report by Colliers.
ExpresswaysReal EstateNagpurGrowthInvestmentReal Estate MumbaiJan 23, 2025
According to a recent report by Colliers, by 2035, 30 cities across the country are expected to see substantial growth, with land prices potentially increasing by up to 5.2 times.
Leading this list is Nagpur, followed closely by Jaipur and Lucknow.
The operationalization of the 701-km Samruddhi Mahamarg Expressway has been a game-changer for Nagpur, positioning it as the top city for investment among these 30 emerging markets.
This expressway has not only enhanced connectivity but has also opened up new opportunities for economic and real estate development.
Several other micro-markets across tier-2 cities are also showing promising growth potential.
Some of these include Ahmedabad (Shela), Agra (Shastripuram), Jaipur (Ajmer Road), Lucknow (Raebareli Road), Meerut (Ganga Nagar), Chandigarh (Kharar), and Bhopal (Indus Towne).
These areas are expected to see significant land price appreciation over the next decade.
Frequently Asked Questions
Why is Nagpur leading in growth potential among the 30 cities?
Nagpur is leading in growth potential due to the operationalization of the 701-km Samruddhi Mahamarg Expressway, which has significantly improved connectivity and opened up new opportunities for economic and real estate development.
What are the key parameters used to evaluate the growth drivers of emerging cities?
The key parameters used to evaluate the growth drivers of emerging cities include physical infrastructure, social infrastructure, demographic growth, economic development, and real estate dynamics.
What is the expected return on investment in land within the micro-markets of emerging cities?
The expected return on investment in land within the micro-markets of emerging cities is up to 5.2X over the next decade, according to the report by Colliers.
Which other cities are showing significant growth potential besides Nagpur, Jaipur, and Lucknow?
Other cities showing significant growth potential include Ahmedabad (Shela), Agra (Shastripuram), Jaipur (Ajmer Road), Lucknow (Raebareli Road), Meerut (Ganga Nagar), Chandigarh (Kharar), and Bhopal (Indus Towne).
How are expressways contributing to the development of these cities?
Expressways are contributing to the development of these cities by improving commuting, promoting urban growth, attracting businesses and investments, and increasing the appeal of residential and commercial spaces.
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