High-Potential Real Estate Hotspots: Vizag and Tirupati Take Center Stage
Vizag and Tirupati emerge as top destinations for real estate development, with infrastructure growth driving the market
Real EstateVizagTirupatiInfrastructure GrowthProperty MarketReal EstateJun 21, 2024
Visakhapatnam, in particular, is expected to experience accelerated growth across various asset classes, including residential, warehousing, retail, and data centers. The city's strategic location, coupled with its growing infrastructure, makes it an attractive destination for investors and developers. Industry insiders believe that the city has all the potential to emerge as a real estate hotspot among all emerging cities in the country.
For Tirupati, the impact segments will be residential, retail, hospitality, and senior living. The city's rich spiritual heritage, combined with its growing tourism industry, makes it an attractive destination for developers and investors.
Infrastructure growth remains a key catalyst for real estate development in both cities. Enhanced connectivity and increased manufacturing and industrial activity, driven by national infrastructure projects like the PM Gati Shakti initiative and national infrastructure pipeline, will lead to growth centers expanding beyond tier I cities. Smaller towns are expected to benefit significantly, with increased real estate activity in warehousing and residential segments.
KSRK Raju, chairman of CREDAI Visakhapatnam chapter, believes that the city has a positive outlook for real estate growth in the coming years. \
Frequently Asked Questions
What are the top emerging cities for real estate development in India?
According to a recent report by Colliers India, Vizag and Tirupati are among the top 17 cities with high potential for real estate development.
What are the impact segments for Tirupati's real estate market?
The impact segments for Tirupati's real estate market are residential, retail, hospitality, and senior living.
What is driving real estate growth in Vizag and Tirupati?
Infrastructure growth, coupled with enhanced connectivity and increased manufacturing and industrial activity, is driving real estate growth in Vizag and Tirupati.
What is the outlook for Visakhapatnam's real estate market?
The outlook for Visakhapatnam's real estate market is positive, with the city expected to experience accelerated growth across various asset classes.
What are the expectations from NRIs in Visakhapatnam's real estate market?
NRIs, who have stayed away due to political uncertainties in the last few years, are expected to invest again in the properties of Visakhapatnam.
Related News Articles
Google Partners with Anant Raj Cloud to Fuel India's Digital Revolution
Anant Raj Cloud and Google team up to enhance data center infrastructure and provide comprehensive cloud platform services, driving India's digital growth.
Revolutionizing UAE's Real Estate Sector: BNW Developments and ANACITY Launch BNW LIVING
16th Sept 2024 Dubai | Bengaluru, India - BNW Developments partners with ANACITY to launch BNW LIVING, a mobile-first customer experience platform for UAE's real estate sector.
H-RERA Recovery Struggles: Builders Owe Rs 800 Crore to Investors
The Haryana Real Estate Regulatory Authority (H-RERA) has issued over 1,190 recovery certificates for Rs 1,043 crore owed by builders, but only Rs 225 crore has been recovered so far. A huge Rs 800 crore remains unpaid, leaving many homebuyers in financia
Nagpur, Jaipur, Lucknow: Top Emerging Cities with Robust Infrastructure and Real Estate Potential
Real estate consultant Colliers India has conducted a detailed analysis to rank emerging cities based on physical and social infrastructure, demographic growth, and real estate dynamics. Nagpur, Jaipur, and Lucknow emerged as the top three cities with str
Real Estate Surge: Housing Prices Rise 10% in Q4 2024, Delhi NCR Sees 31% Hike
Housing prices across India saw a significant 10% increase in the fourth quarter of 2024, with Delhi NCR leading the charge at a 31% surge. The real estate market in Tier-2 and Tier-3 cities also experienced notable growth. Explore the factors driving thi
Godrej Evergreen Square Launch Sees Booming Sales in Pune
Godrej Properties (GPL) has seen a remarkable sales surge with the launch of their latest residential project, Godrej Evergreen Square, in Pune's Hinjewadi area. The project has already generated sales of Rs 1000 crore, marking a significant milestone in