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Evaluate investment opportunities in fast-growing tier-II and III cities

The key for real estate investors is to evaluate whether employment opportunities will grow, and infrastructure projects will be implemented

A survey shows 78% of NRI respondents indicated they prefer owning a property  in India over other asset classes such as stocks, fixed deposits or mutual funds
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A survey shows 78% of NRI respondents indicated they prefer owning a property in India over other asset classes such as stocks, fixed deposits or mutual funds

Tinesh BhasinSanjay Kumar Singh Mumbai/New Delhi
If you live in a metro city and plan to invest in residential real estate, you should consider widening the ambit of your search to some of the nearby tier-II and III cities as well. In a recent all-India consumer sentiment survey involving 2,797 participants conducted by real estate consultancy ANAROCK, 26 per cent of respondents preferred to invest in a tier-II or III city. With the real estate markets of many metros getting saturated due to high prices and limited availability of space, these upcoming destinations could well emerge as the future growth hubs.

Some of the tier II

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First Published: May 31 2019 | 2:45 PM IST

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