Tier-2 and Tier-3 Cities Drive India's Emerging Residential Real Estate Growth

Recent reports from Square Yards, Colliers, and Knight Frank indicate that India's residential real estate growth is shifting from major metros to tier-2 and tier-3 cities. Rising property prices and affordability challenges in large urban centers like Mumbai and Delhi-NCR are tempering demand, while smaller cities such as Jaipur, Lucknow, and Indore are experiencing stronger absorption growth due to improved infrastructure and expanding job markets. This trend reflects a structural broadening of India's housing market beyond traditional metropolitan areas.