Infrastructure, Spiritual Tourism to Drive Realty in Smaller Towns
Real Estate

Infrastructure, Spiritual Tourism to Drive Realty in Smaller Towns

Infrastructure digitisation and the growth of spiritual tourism are expected to significantly impact the real estate sector in smaller towns, according to a recent report by Colliers. The report highlights key trends shaping the real estate landscape in these areas.

The Colliers report emphasizes several crucial aspects driving realty in smaller towns. Firstly, infrastructure digitisation is playing a pivotal role in enhancing connectivity and accessibility. This includes advancements in digital infrastructure such as high-speed internet connectivity and digital payment systems, which are essential for modern urban living and business operations.

Secondly, the rise of spiritual tourism is emerging as a significant factor influencing real estate dynamics. Smaller towns often host religious and spiritual destinations that attract a steady influx of tourists and pilgrims. This trend is creating opportunities for hospitality and residential developments catering to the needs of tourists and long-term residents alike.

Additionally, the report underscores the importance of sustainable development practices in smaller towns' real estate projects. Environmental considerations and green initiatives are becoming integral parts of urban planning and construction, reflecting the growing awareness and demand for eco-friendly living spaces.

Furthermore, the Colliers report discusses the role of government policies and initiatives in driving growth in smaller towns' real estate sectors. Supportive policies focused on infrastructure development, tourism promotion, and sustainable urban planning are contributing to the overall positive outlook for real estate investments in these areas.

In conclusion, infrastructure digitisation and the expansion of spiritual tourism are key factors driving real estate activities in smaller towns across India. The combination of modern infrastructure, sustainable practices, and government support is creating a conducive environment for real estate developers and investors to explore opportunities in these burgeoning markets.

Infrastructure digitisation and the growth of spiritual tourism are expected to significantly impact the real estate sector in smaller towns, according to a recent report by Colliers. The report highlights key trends shaping the real estate landscape in these areas. The Colliers report emphasizes several crucial aspects driving realty in smaller towns. Firstly, infrastructure digitisation is playing a pivotal role in enhancing connectivity and accessibility. This includes advancements in digital infrastructure such as high-speed internet connectivity and digital payment systems, which are essential for modern urban living and business operations. Secondly, the rise of spiritual tourism is emerging as a significant factor influencing real estate dynamics. Smaller towns often host religious and spiritual destinations that attract a steady influx of tourists and pilgrims. This trend is creating opportunities for hospitality and residential developments catering to the needs of tourists and long-term residents alike. Additionally, the report underscores the importance of sustainable development practices in smaller towns' real estate projects. Environmental considerations and green initiatives are becoming integral parts of urban planning and construction, reflecting the growing awareness and demand for eco-friendly living spaces. Furthermore, the Colliers report discusses the role of government policies and initiatives in driving growth in smaller towns' real estate sectors. Supportive policies focused on infrastructure development, tourism promotion, and sustainable urban planning are contributing to the overall positive outlook for real estate investments in these areas. In conclusion, infrastructure digitisation and the expansion of spiritual tourism are key factors driving real estate activities in smaller towns across India. The combination of modern infrastructure, sustainable practices, and government support is creating a conducive environment for real estate developers and investors to explore opportunities in these burgeoning markets.

Next Story
Equipment

Kobelco CE India Marks Milestone with 20,000th Excavator

Kobelco Construction Equipment India (KCEI), a subsidiary of Japan-based Kobelco Construction Machinery Co., has reached a significant production milestone by rolling out its 20,000th excavator at its manufacturing plant in Sri City, Andhra Pradesh. This facility serves both domestic and international markets, reinforcing India’s role as a key production center for Kobelco.Takemichi Hirakawa, Managing Director & CEO, Kobelco Construction Equipment India, said, ""Reaching the 20,000th excavator production milestone reflects our commitment to delivering high-quality construction equipment...

Next Story
Infrastructure Transport

Cabinet Approves Highway from JNPA to Chowk in Maharashtra

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the construction of a 6-lane access-controlled Greenfield High-Speed National Highway from JNPA Port (Pagote) to Chowk in Maharashtra. The 29.219 km project will be developed on a Build, Operate, and Transfer (BOT) toll model at an estimated cost of Rs 45 billion. As part of the PM Gati Shakti National Master Plan, the project aims to enhance road connectivity to major ports, addressing increasing container traffic at JNPA and the upcoming Navi Mumbai International Airport. Currently, heavy co..

Next Story
Infrastructure Urban

Effective Implementation of MGNREGA in the Last Decade

The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), enacted in 2005, aims to enhance livelihood security in rural areas by guaranteeing at least 100 days of wage employment per year to willing adult members of rural households performing unskilled manual labour. Over the years, the government has significantly increased budget allocations for the scheme. From Rs 113 billion in 2006-07, the allocation rose to Rs 330 billion in 2013-14 and reached a record Rs 860 billion in 2024-25. During the COVID-19 pandemic in 2020-21, the government spent Rs 1,110 billion under MGNREG..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?