Kochi is now the top real estate destination among Tier-II cities in India.<\/p>\n
According to a study conducted by PropEquity, a Real Estate analysis firm, Kochi has grabbed the top spot in\u00a0real estate destination among Tier-II cities. Incidentally, state capital Trivandrum is at fifth position. Nashik in Maharashtra is in second place followed by Vishakapatnam, Vadodra, Trivandrum Jaipur, Mangalore, Indore, Goa and Coimbatore.<\/p>\n
Kochi has grabbed the top spot in\u00a0real estate destination among Tier-II cities in India.<\/p><\/blockquote>\n
The research was based on prices of property, supply, demand, sales, inventory of unsold houses and implementation delays over the past two years.<\/p>\n
Southern Tier-II cities have outperformed their northern peers as top residential real estate.\u00a0There\u2019s only one from the north, Jaipur at number six, in the league.<\/p>\n
“Much like tier I cities, northern tier II cities are also marred by project delays, expensive properties and a demand and supply mismatch<\/em>,” said Samir Jasuja, managing director and founder, PropEquity.<\/p>\n
It’s interesting to note that, all top tier II cities except Trivandrum, Visakhapatnam, Dehradun and Goa, witnessed a decline in their market size with the weighted average decline of 20% over the last year due to the overall slowdown in the real estate market.<\/p>\n
Trivandrum shows no decline\u00a0in real estate market size.<\/p><\/blockquote>\n
Trivandrum shows no decline in real estate market. Real estate gurus predict that if the proposed Vizhinjam Port project is completed, it is likely to be a catalyst in the real estate market.\u00a0Soon after Vizhinjam project was announced land prices in Kovalam-Vizhinjam belt shot up significantly.<\/p>\n
Southern India has traditionally been an end users market, which has kept its property prices in check and relatively affordable. The bottom four cities were all north Indian cities – of Agra, Lucknow, Bhiwadi and Mohali.<\/p>\n
While the growth prospects in many tier I cities have saturated, smaller cities will become the next frontier for development.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kochi is now the top real estate destination among Tier-II cities in India. According to a study conducted by PropEquity, a Real Estate analysis firm, Kochi has grabbed the top spot in\u00a0real estate destination among Tier-II cities. Incidentally, state capital Trivandrum is at fifth position. Nashik in Maharashtra is in second place followed by Vishakapatnam, […]<\/p>\n","protected":false},"author":44,"featured_media":24183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32,4],"tags":[],"class_list":["post-24182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-city-news","category-general"],"_links":{"self":[{"href":"https:\/\/entecity.com\/news\/wp-json\/wp\/v2\/posts\/24182"}],"collection":[{"href":"https:\/\/entecity.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entecity.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entecity.com\/news\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/entecity.com\/news\/wp-json\/wp\/v2\/comments?post=24182"}],"version-history":[{"count":0,"href":"https:\/\/entecity.com\/news\/wp-json\/wp\/v2\/posts\/24182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entecity.com\/news\/wp-json\/wp\/v2\/media\/24183"}],"wp:attachment":[{"href":"https:\/\/entecity.com\/news\/wp-json\/wp\/v2\/media?parent=24182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entecity.com\/news\/wp-json\/wp\/v2\/categories?post=24182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entecity.com\/news\/wp-json\/wp\/v2\/tags?post=24182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}