Emerging Cities Drive India’s Rs 10 Trillion Real Estate Growth
Real Estate

Emerging Cities Drive India’s Rs 10 Trillion Real Estate Growth

Mumbai, November 10, 2025 – India’s commercial real estate landscape is undergoing a major shift as nine emerging cities collectively command a GDP of nearly Rs 10 trillion, 70 million sq ft of Grade A office space, and 80 million sq ft of logistics infrastructure, according to JLL’s latest report ‘Beyond the Metros: Insights into India’s Emerging Real Estate Stars’.

While metros such as Mumbai, Delhi NCR, and Bengaluru continue to drive national demand, these fast-rising markets—Chandigarh Tricity, Jaipur, Lucknow, Indore, Nagpur, Coimbatore, Kochi, Bhubaneswar, and Guwahati—are fuelling the next phase of India’s growth story.

Shifting Corporate Priorities The report highlights that companies expanding into these cities realise 25–50 per cent savings in real estate, talent, and operational costs, along with attrition rates up to 15 per cent lower than metro markets. With a combined economy of Rs 9.9 trillion, these cities are reshaping corporate location strategies across industries.

Regional Growth Champions

Jaipur has evolved from a traditional tourism hub to a tech destination, aided by the Delhi–Mumbai Expressway and strong talent availability.

Lucknow benefits from progressive governance and the planned State Capital Region (SCR) initiative, modelled on Delhi NCR, which is set to boost commercial growth.

Coimbatore stands out as Tamil Nadu’s second-largest economy, supported by infrastructure upgrades such as a metro rail, outer ring road, and smart city initiatives.

Kochi leverages multimodal connectivity and strong digital infrastructure, including India’s first trans-shipment terminal at Vallarpadam and high-speed undersea cable links.

Bhubaneswar continues to attract investors as one of India’s most livable Smart Cities, while Guwahati strengthens its position as the gateway to the North-East and the India–ASEAN corridor.

Strong Fundamentals and Cost Advantage According to Surekha Bihani, Senior Managing Director – East and Emerging Markets, JLL India, “Our client conversations have shifted from pure cost savings to operational resilience and talent retention. Enhanced quality of life in these cities is becoming a key differentiator, with attrition rates 15 per cent lower and talent cost savings of up to 35 per cent.”

Strategic Asset Allocation Dr Samantak Das, Chief Economist and Head of Research, JLL India, added, “This represents a structural rebalancing of India’s economic geography. With more than 70 million sq ft of Grade A office space and over Rs 9.9 trillion in GDP, these markets are established economic forces, not future promises.”

JLL’s analysis suggests that occupiers can benefit from multi-tier location strategies, investors can capitalise on higher yields in pre-maturity markets, and developers can focus on ESG-compliant, integrated townships that align with global occupier standards.

Together, these nine cities form the next frontier of India’s real estate growth, redefining how corporations, investors, and developers approach expansion beyond traditional metros.

Mumbai, November 10, 2025 – India’s commercial real estate landscape is undergoing a major shift as nine emerging cities collectively command a GDP of nearly Rs 10 trillion, 70 million sq ft of Grade A office space, and 80 million sq ft of logistics infrastructure, according to JLL’s latest report ‘Beyond the Metros: Insights into India’s Emerging Real Estate Stars’. While metros such as Mumbai, Delhi NCR, and Bengaluru continue to drive national demand, these fast-rising markets—Chandigarh Tricity, Jaipur, Lucknow, Indore, Nagpur, Coimbatore, Kochi, Bhubaneswar, and Guwahati—are fuelling the next phase of India’s growth story. Shifting Corporate Priorities The report highlights that companies expanding into these cities realise 25–50 per cent savings in real estate, talent, and operational costs, along with attrition rates up to 15 per cent lower than metro markets. With a combined economy of Rs 9.9 trillion, these cities are reshaping corporate location strategies across industries. Regional Growth Champions Jaipur has evolved from a traditional tourism hub to a tech destination, aided by the Delhi–Mumbai Expressway and strong talent availability. Lucknow benefits from progressive governance and the planned State Capital Region (SCR) initiative, modelled on Delhi NCR, which is set to boost commercial growth. Coimbatore stands out as Tamil Nadu’s second-largest economy, supported by infrastructure upgrades such as a metro rail, outer ring road, and smart city initiatives. Kochi leverages multimodal connectivity and strong digital infrastructure, including India’s first trans-shipment terminal at Vallarpadam and high-speed undersea cable links. Bhubaneswar continues to attract investors as one of India’s most livable Smart Cities, while Guwahati strengthens its position as the gateway to the North-East and the India–ASEAN corridor. Strong Fundamentals and Cost Advantage According to Surekha Bihani, Senior Managing Director – East and Emerging Markets, JLL India, “Our client conversations have shifted from pure cost savings to operational resilience and talent retention. Enhanced quality of life in these cities is becoming a key differentiator, with attrition rates 15 per cent lower and talent cost savings of up to 35 per cent.” Strategic Asset Allocation Dr Samantak Das, Chief Economist and Head of Research, JLL India, added, “This represents a structural rebalancing of India’s economic geography. With more than 70 million sq ft of Grade A office space and over Rs 9.9 trillion in GDP, these markets are established economic forces, not future promises.” JLL’s analysis suggests that occupiers can benefit from multi-tier location strategies, investors can capitalise on higher yields in pre-maturity markets, and developers can focus on ESG-compliant, integrated townships that align with global occupier standards. Together, these nine cities form the next frontier of India’s real estate growth, redefining how corporations, investors, and developers approach expansion beyond traditional metros.

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Next Story
Real Estate

ICCPL Eyes 7,000 Real Estate Campaigns

ICCPL Group has announced plans to cross 7,000 real estate marketing campaigns by FY 2026–27, strengthening its position as a specialised PR and communications partner for the sector.Over the past 15 years, the Noida-headquartered firm has worked with more than 500 real estate companies across India. It has also been associated with over 2,500 project launches across residential, commercial, retail, mixed-use and allied segments.The company has offices in Delhi, Gurugram, Bengaluru, Mumbai, Chandigarh and Goa, along with backend operations across more than 42 cities in India and a presence i..

Next Story
Infrastructure Urban

Johnson Controls Heat Pumps Cut Heating Costs

Johnson Controls has reported that its commercial and industrial heat pump portfolio helped global customers reduce annual heating costs by an estimated 32 per cent in 2025, compared to conventional gas boilers. The company also said customers cut greenhouse gas emissions by 55 per cent, equal to 1.6 million metric tonnes.The heat pumps are being used across healthcare, manufacturing, municipal and district energy projects, where reliable heating, cooling and energy savings are critical. At New Aalborg Hospital in Denmark, Johnson Controls’ district cooling system helped cut electricity cost..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->