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
NagpurJaipurLucknowReal EstateInfrastructureReal Estate MaharashtraJan 23, 2025
The study used a parameter-based matrix to evaluate the growth drivers of these cities, highlighting their potential for future development and investment opportunities.
Key Parameters for EvaluationThe matrix developed by Colliers India utilized four key parameters 1.
Physical Infrastructure This includes roads, transportation, utilities, and other essential services.2.
Social Infrastructure This encompasses healthcare, education, and recreational facilities.3.
Demographic Growth & Economic Development Factors such as population growth, employment rates, and economic activities were considered.4.
Real Estate Dynamics This parameter evaluated the trends and opportunities in the residential, commercial, and industrial real estate sectors.
Top Performers1.
Nagpur (Orange City) - Location Nagpur, located in the state of Maharashtra, is a rapidly developing urban center. - Key Projects Major initiatives like the Multi-modal International Cargo Hub and Airport (MIHAN), Samruddhi Mahamarg (a six-lane expressway), and the Nagpur Metro are significantly enhancing connectivity and economic growth. - Real Estate The city is becoming a significant hub for residential, commercial, and industrial investments, attracting attention from investors across India.
2.
Jaipur (Pink City) - Location Jaipur, the capital of Rajasthan, is one of the earliest planned cities in India. - Economy The city's economy is driven by tourism, gemstone cutting, jewelry manufacturing, luxury textiles, and the IT sector. - Infrastructure The growing infrastructure supports Jaipur's emergence as a key manufacturing and IT hub, making it a prime location for real estate investment.
3.
Lucknow (City of Nawabs) - Location Lucknow, the capital of Uttar Pradesh, is known for its rich cultural heritage. - Development The city has seen significant development in infrastructure and real estate, with the government and private sectors playing crucial roles. - Real Estate With a well-established ecosystem and strong future growth potential, Lucknow is expected to play a significant role in India's real estate market.
Expert InsightsSwapnil Anil, Managing Director, Advisory Services, Colliers India, emphasized the importance of infrastructure development in driving real estate growth.
Frequently Asked Questions
What are the key parameters used by Colliers India to evaluate emerging cities?
Colliers India used four key parameters: physical infrastructure, social infrastructure, demographic growth & economic development, and real estate dynamics.
Why is Nagpur considered a top emerging city?
Nagpur is a rapidly developing urban center with key projects like MIHAN, Samruddhi Mahamarg, and the Nagpur Metro, which are enhancing connectivity and economic growth. It is also becoming a significant hub for residential, commercial, and industrial investments.
What factors are driving Jaipur's economy?
Jaipur's economy is driven by tourism, gemstone cutting, jewelry manufacturing, luxury textiles, and the IT sector. These industries are supported by the city's growing infrastructure.
What is the expected return on real estate investments in emerging cities over the next decade?
According to Swapnil Anil, Managing Director of Colliers India, the expected returns on real estate investments in emerging cities could be up to 5.2X over the next decade.
What role does infrastructure development play in real estate growth?
Infrastructure development, such as the expansion of expressways, improves commuting, promotes urban growth, supports economic development, encourages the creation of integrated townships and social infrastructure, and boosts tourism, all of which drive demand for real estate in the region.
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