Which Indian cities are expected to give the highest growth in Real Estate over the next 10 years?
I was looking at stats from Oxford Economics, which said that by 2035, the world’s top 10 fastest growing cities will be in India...
Out of which the top 2 is where they would place their bet...
That’s Surat and Agra...
which are expected to offer over 9% p.a. in growth - which is a phenomenal growth rate in GDP for any city the world over.
If you wish to look in other parts of the country... cities that are expected to follow in terms of growth would be...
Tiruppur and Tiruchirapalli in Tamil Nadu
Rajkot
Nagpur
Vijaywada
Among the big metros, the biggest bets are on Hyderabad, Bangalore and Chennai...
not on Delhi and Mumbai, where the real estate market is not expected to grow by much in the future.
But how does one know where will be the most growth?
Because as a thumb rule the world over, 1% increase in infrastructure spends leads to a 2% increase in GDP.
And 1% increase in population of a district leads to 2.7% increase in GDP.
Of course one couples that will where the most number of commercial projects, educational institutes, hospitals, and airports are expected to develop.
Are you planning on investing in any of these cities, and would love to know local clusters across India where you foresee even more growth.
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A Chartered Accountant with about 10 years of experience in areas of Tax Advisory, Startup Consulting, Fundraising, Audits, Deal Advisory, Business Modelling and contract CFO services.
Winner of the ISB Young Leader Award 2017 and the Best All Rounder, PGP Class of '17, Sarthak has also been published about in the leading financial newspapers such as The Financial Express as possibly the youngest Indian to have completed the courses of CA, CS and CMA along with a graduate degree in Financial & Investment Analysis from University of Delhi, all by the age of 23 years.
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