Nagpur, Jaipur, Lucknow Lead in Physical, Social Infrastructure and Real Estate: Colliers Report
A recent report by Colliers India highlights Nagpur, Jaipur, and Lucknow as the top emerging cities in India, based on their robust physical and social infrastructure, and dynamic real estate scenarios.
NagpurJaipurLucknowReal EstateInfrastructureReal EstateJan 23, 2025
The real estate consultancy firm conducted a comprehensive analysis using four key parameters physical infrastructure, social infrastructure, demographic growth, and economic development, as well as real estate dynamics.
These cities, which have a well-established ecosystem and strong future growth potential, driven by development initiatives from both government and private sectors, scored high in the assessment.
Nagpur, known as the 'Orange City,' stands out as the top performer, followed by Jaipur and Lucknow.
These cities are expected to establish a strong presence in India’s real estate market in the coming years.
Nagpur, located in Maharashtra, is a rapidly developing urban center.
Key projects such as the Multi-Modal International Cargo Hub and Airport (MIHAN), the Samruddhi Mahamarg (Vidhyanchal Expressway), and the Nagpur Metro are significantly enhancing connectivity and economic growth.
This has made Nagpur a significant hub for residential, commercial, and industrial investments, attracting attention from across the country.
Jaipur, the capital of Rajasthan and famously known as the Pink City, is one of the earliest planned cities in India.
Jaipur’s economy is driven by tourism, gemstone cutting, jewelry manufacturing, luxury textiles, and the IT sector.
The city's growing infrastructure has made it a key manufacturing and IT hub, further boosting its real estate market.
Lucknow, the capital of Uttar Pradesh, is also showing promising growth.
The city’s robust infrastructure, coupled with its strong educational and healthcare facilities, is attracting both investors and homebuyers.
The expansion of expressways in Lucknow is not only improving commuting but also promoting urban growth and supporting economic development.
Swapnil Anil, Managing Director, Advisory Services at Colliers India, emphasized the importance of expressway expansion in these cities.
'The expansion of expressways not only improves commuting but also promotes urban growth.
It supports economic development, encourages the creation of integrated townships and social infrastructure, and boosts tourism.
These factors collectively drive demand for real estate in the region, making it a promising investment opportunity for investors and homebuyers alike,' he said.
According to Swapnil, the current time is ideal for investing in land within the micro-markets of these emerging cities along expressways.
Investors can expect returns of up to 5.2 times over the next decade, making these cities attractive for both short-term and long-term investments.
Frequently Asked Questions
Which cities are the top three emerging cities in India according to the Colliers report?
The top three emerging cities in India, as per the Colliers report, are Nagpur, Jaipur, and Lucknow.
What are the four key parameters used by Colliers to assess the growth of these cities?
The four key parameters used by Colliers to assess the growth of these cities are: physical infrastructure, social infrastructure, demographic growth and economic development, and real estate dynamics.
What are some key projects in Nagpur that are boosting its growth?
Some key projects in Nagpur that are boosting its growth include the Multi-Modal International Cargo Hub and Airport (MIHAN), the Samruddhi Mahamarg (Vidhyanchal Expressway), and the Nagpur Metro.
What sectors drive Jaipur's economy?
Jaipur's economy is driven by tourism, gemstone cutting, jewelry manufacturing, luxury textiles, and the IT sector.
What are the potential returns for investors in these emerging cities, according to Colliers?
According to Colliers, investors can expect returns of up to 5.2 times over the next decade in these emerging cities, particularly in micro-markets along expressways.
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