Tier-2 and Tier-3 cities, are becoming new centres of economic activity, backed by rise in digital transactions and increasing number of startup registrations.
Challenges
Tier-2 and Tier-3 cities had the maximum population of poor and the middle-class.
Lack of infrastructure like road, connectivity, etc.
Lack of residential structure.
Poor planning.
Lack communication infrastructure.
Significance
Thousands of prospective new middle class homebuyers and investors see these cities as a substitute to polluted, overcrowded metros.
These cities are fast emerging as real estate markets where a robust housing segment continues to complement the overall infrastructure growth.
Most of these cities are gradually transforming ....
