Over the last decade, India has witnessed an unprecedented expansion of its road infrastructure including expressways, a transformation that has not only improved connectivity but also reshaped the country’s real estate landscape. This infrastructural milestone has fuelled urban development, particularly in regions where improved connectivity has unlocked potential for economic and real estate growth of cities. Colliers’ latest report identified 8 micro markets across 30 cities in India.
Colliers conducted a comprehensive parameter-based analysis matrix to evaluate the growth drivers of emerging cities. This matrix was developed using five key parameters: physical infrastructure, social infrastructure, demographic growth, economic development, and real estate dynamics.
Cities with a well-established ecosystem and strong future growth potential, driven by development initiatives from both government and private sectors, achieved higher scores in the assessment. The analysis highlights the next set of 30 cities with significant growth potential beyond India’s well-established cities. Among the emerging cities assessment, Nagpur emerged as the top performer, followed by Jaipur and Lucknow, all three of which are anticipated to establish a strong presence in India’s real estate and market in the coming years.
“The expansion of expressways not only improves commuting but also promotes urban growth. It supports economic development, encourages the creation of integrated townships and social infrastructure, and boosts tourism. These factors collectively drive demand for real estate in the region, making it a promising investment opportunity for investors and homebuyers alike. This is the best time to invest in land within the micro-markets of emerging cities along expressways, with expected returns of up to 5.2X over the next decade,” says Swapnil Anil, Managing Director, Advisory Services, Colliers India.
