Monday, May 21, 2007

TIER-II TOWNS WILL NOT MATCH METRO IN GROWTH

It is in the context that many people are concentrating to buy property in India in tier-II cities in view of the future expected expansions and developments. But it will not be out of place to mention here that to buy property in India in tier-II cities may not fetch equivalent returns like main metro cities. The fact remains that pressure to buy property in tier-II cities does not match the same in metros which outstrips the tier-II cities on several counts. One of the main reasons is that whereas tier-II investments attracts the middle class or lower middle class due to cheaper rates, the metro cities attracts upper middle class and upper class to buy property in India.

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