Nagpur, Jaipur, Lucknow top 3 cities on basis of physical, social infra: Colliers report
Nagpur, Jaipur and Lucknow are the top three emerging cities in India based on four parameters, including physical and social infrastructure as well as real estate scenario, according to a report by Colliers. Real estate consultant Colliers India has conducted a comprehensive parameter-based analysis matrix to evaluate the growth drivers of emerging cities. This matrix was developed using four key parameters: physical infrastructure; social infrastructure; demographic growth & economic development; and real estate dynamics.
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The 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.
Among the emerging cities assessment, Nagpur emerged as the top performer, followed by Jaipur and Lucknow, all three anticipated to establish a strong presence in India's real estate market in the coming years.
Nagpur, known as the «Orange City,» is a rapidly developing urban centre in Maharashtra.
Key projects like MIHAN, Samruddhi Mahamarg, and Nagpur Metro are enhancing connectivity and economic growth, the report said.
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