Airports in Tier II, Tier III cities & its impact
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India, Sept. 19 -- The majority of India's real estate market is getting moving into metropolitan cities such as NCR, MMR, Bengaluru, Chennai, and Kolkata. The movementin the real estate sector is now pushed down for modification towards smaller cities. The scarcity of land resources, high land and construction-related cost, unaffordable housing prices, high inventory levels, declining demand, sparse infrastructural facilities, and a high cost of living are constraining developers and investors to shift their focus towards Tier II and III cities.
The government's foresightto developaround 100new airports around the country starting with cities/towns likeShirdi in Maharashtra, Hisar in Haryana, and Durgapur in West Bengal is also adding i...
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