Why Patna, Indore, Ayodhya Are the Next Real Estate Hotspots

According to the latest real estate news, a new wave of real estate investment is rising towards smaller towns. The recent surge in infrastructure development, along with the country’s growing economy, is propelling Tier-II cities into the limelight. A recent study found that 17 cities across India expect accelerated development in the residential, commercial, retail, hospitality, and industrial sectors and have emerged as 17 real estate hotspots. This growth is driven by several factors, including infrastructure development, digitalization, increased tourism, and evolving work models.

According to the latest real estate news, these 17 real estate hotspots offer great investment opportunities for property buyers across the country. The cities included in the study are Amritsar, Ayodhya,Varanasi, Jaipur, Indore, Kanpur, Lucknow, Patna, Puri, Nagpur, Shirdi, Surat, Coimbatore, Dwarka,Kochi, Tirupati and Visakhapatnam. Each of these cities have their unique strengths and showcase excellent growth potential. 

Experts predict that the real estate market in these 17 real estate hotspots  will witness a compound annual growth rate (CAGR) of over 10% in the next five years according to the latest real estate news. This growth is expected to be driven by increasing urbanization, rising disposable incomes, and a growing middle class. As a result, these 17 real estate hotspots are likely to attract significant investment in residential, commercial, and infrastructure development, creating new jobs and boosting economic growth.