Even amidst a great deal of uncertainty caused by the global pandemic, leading developers like Rajdarbar Realty have fueled the growth in Tier 2 cities through standard real estate practices
The Indian real estate sector has always been a good investment option, guaranteeing rapid growth and good returns on spending. Although 2020 was a challenging year for all the industries, the real estate sector was one of the few segments that managed to sail through the tide.
In the last few years, the focus has shifted to the Tier 2 and Tier 3 cities for real estate investment as the government has taken several measures to speed up urbanization of such regions across the country. Smaller cities like Hisar, Karnal, Meerut, etc, have been witnessing decent growth trajectories, while cities such as Agra, Amritsar, among others, have witnessed a growth rate of more than 90 per cent. The change has mostly been inspired by organized players on the back of years of experience. One such player is Rajdarbar Realty, an eminent and integrated realtor with multiple projects across the country.
Even amidst a great deal of uncertainty caused by the global pandemic, leading developers like Rajdarbar Realty have fueled the growth in Tier 2 cities by staying relevant through standard real estate practices. The tables have completely turned after the Covid-19 unlocking with a number of millennials searching for affordable, yet luxurious housing options. As a result, a new door of opportunity has been opened for the investors worldwide.
At this juncture, it is equally important to mention the role of real estate reforms introduced by the government. These reforms have separated the organized players from the unorganized ones, bringing new trends in the real estate sector. The introduction of several business establishments across various cities and metro project in Agra have literally sealed the deal for the real estate segment to lay the foundation of a new India.
With a number of world-class commercial and residential real estate projects being churned up by renowned developers like Rajdarbar Realty, the prospects are all the more promising for Tier 2 cities to emerge as hotspots for massive investments in the long run.