Realtors to get sales from small cities
Real Estate

Realtors to get sales from small cities

A Crisil Research report expects residential unit sales in 10 smaller cities to account for approximately Rs 18,000 crore in 2012. The report says smaller cities attract real estate developers as they offer price stability and growth prospects. Crisil has said 65 sub-markets in cities like Bhopal, Bhubaneswar, Coimbatore, Indore, Jaipur, Lucknow, Nagpur, Surat, Vadodara and Visakhapatnam would generate the proceeds.Developers are diversifying from metro cities with an eye on future growth, and approximately 354 mn sq ft of supply has been planned in these cities over the next three years.

Contact: Crisil.
Tel: 022-3342 3000.
Fax: 022-3342 3810.
Website: www.crisil.com

A Crisil Research report expects residential unit sales in 10 smaller cities to account for approximately Rs 18,000 crore in 2012. The report says smaller cities attract real estate developers as they offer price stability and growth prospects. Crisil has said 65 sub-markets in cities like Bhopal, Bhubaneswar, Coimbatore, Indore, Jaipur, Lucknow, Nagpur, Surat, Vadodara and Visakhapatnam would generate the proceeds.Developers are diversifying from metro cities with an eye on future growth, and approximately 354 mn sq ft of supply has been planned in these cities over the next three years.Contact: Crisil.Tel: 022-3342 3000. Fax: 022-3342 3810.Website: www.crisil.com

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