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Business Standard
02-06-2025
- Business
- Business Standard
BHARAT 2030: Tier-II & III Cities Will Shape India's Rs. 10 Lakh Crore Real Estate Future
NewsVoir New Delhi [India], June 2: As India's real estate growth enters a new phase, a silent but significant transformation is underway that is shifting the centre of gravity away from the country's traditional metros. In his latest strategic report titled "BHARAT 2030: The Silent Surge of Tier-II and Tier-III Cities", Ashwinder R. Singh--Chairman of the CII Real Estate Committee (North), Vice Chairman of BCD Group, and Advisor to NAR India- maps the future trajectory of growth and inclusion in Indian real estate. As per the report, the new wave of expansion is not driven by temporary demand overflow, but by long-term structural shifts in aspirations, affordability, and accessibility. Tier II cities like Raipur, Salem, Belagavi, Hosur, Jabalpur, Aurangabad, Tirunelveli, Siliguri, Baddi, Udaipur, and Warangal are emerging as the real engines of India's next growth story. Tier III cities like Ayodhya, Dharwad, Sangli, Haldwani, Ajmer, Barshi, Kharagpur, Nanded, Agartala, and Kollam have historically remained under the radar but are now stepping into the spotlight, building the next Rs. 10 lakh crore of India's real estate economy. Ashwinder R. Singh - Chairman of the CII Real Estate Committee (North), Vice Chairman of BCD Group, and Advisor to NAR India, states, "For decades, India's real estate narrative revolved around the top 7-8 metro cities. But that story is being rewritten. What we're witnessing is not just spillover from saturated metros; it's a fundamental reshaping of the growth landscape. Cities once considered peripheral are now emerging as vibrant hubs for housing, employment, infrastructure, and investment." The report identifies this shift not as a cyclical deviation from the dominance of metros like Delhi, Mumbai, or Bengaluru, but as a deeper reordering of India's urban development model. It pinpoints the specific growth corridors that exemplify this transformation. Bhubaneswar is leading the way with walkable neighbourhoods rooted in smart city design and cultural context. Jabalpur and Gwalior are witnessing township-led growth spurred by improved highway networks and air connectivity. Cities like Salem and Tirunelveli are becoming health-tech magnets, following the lead of Coimbatore. In central India, warehousing hubs are emerging in Raipur, Siliguri, and Belagavi, driven by their strategic locations and enhanced connectivity. Industrial corridors in Hosur, Aurangabad, and Pithampur are evolving into EV manufacturing zones, generating demand for both workforce and executive housing. Even the knowledge suburbs of Chandigarh, such as Baddi, Barotiwala, and Derabassi, are transforming from industrial satellites into integrated living ecosystems. Meanwhile, cities like Lucknow and Ayodhya are undergoing a renaissance, fuelled by government investment, institutional development, and spiritual tourism. One of the most powerful insights from Singh's report is that infrastructure in these cities is leading development. Infrastructure in Tier-II and Tier-III cities is becoming the new imperative for Indian real estate, with expressways, regional airports, railways, and metro lines laying the groundwork for expansion. Corporates are entering early, drawn by cost advantages and access to local talent. Land remains both affordable and available, enabling large-scale, community-led developments. Rising household incomes, improved education, and digital reach are driving aspirations upward. Besides, local governments are offering faster approvals and policy support, making these cities more investor-friendly. The growing trend of reverse migration is further accelerating this shift, as people return home in search of a better quality of life. In terms of strategy, the report encourages developers to enter early, focusing on plotted developments, affordable housing, and township models, while partnering with local players and ensuring timely delivery to build trust and value. Investors need to look beyond the herd, identifying locations where infrastructure aligns with policy intent, signalled by upcoming highways, GCCs, rail links, and institutional projects. Policymakers must treat these cities as testing grounds for reform, enabling faster digital approvals, promoting sustainable urban mobility, and incentivising ESG-led development for long-term impact. India@2030 will not be defined solely by the skylines of Delhi, Mumbai, or Bengaluru. It will take shape in the quieter, determined rise of Tier II and III cities. This transformation is about more than just economic growth; it's about achieving balance, enabling inclusion, and unlocking opportunity across geographies. Ashwinder R. Singh is Chairman - of the CII Real Estate Committee (North), Vice Chairman & CEO - BCD Group, and Advisor - NAR India. He has authored three leading industry books, regularly delivers keynotes at top real estate forums, and is widely regarded as one of India's strongest advocates for channel partners and broker networks. (ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same)
Fashion Value Chain
02-06-2025
- Business
- Fashion Value Chain
BHARAT 2030: Tier-II & III Cities Will Shape India's Rs. 10 Lakh Crore Real Estate Future
As India's real estate growth enters a new phase, a silent but significant transformation is underway that is shifting the centre of gravity away from the countrys traditional metros. In his latest strategic report titled 'BHARAT 2030: The Silent Surge of Tier-II and Tier-III Cities', Ashwinder R. Singh-Chairman of the CII Real Estate Committee (North), Vice Chairman of BCD Group, and Advisor to NAR India- maps the future trajectory of growth and inclusion in Indian real estate. Ashwinder R. Singh As per the report, the new wave of expansion is not driven by temporary demand overflow, but by long-term structural shifts in aspirations, affordability, and accessibility. Tier II cities like Raipur, Salem, Belagavi, Hosur, Jabalpur, Aurangabad, Tirunelveli, Siliguri, Baddi, Udaipur, and Warangal are emerging as the real engines of India's next growth story. Tier III cities like Ayodhya, Dharwad, Sangli, Haldwani, Ajmer, Barshi, Kharagpur, Nanded, Agartala, and Kollam have historically remained under the radar but are now stepping into the spotlight, building the next Rs. 10 lakh crore of India's real estate economy. Ashwinder R. Singh – Chairman of the CII Real Estate Committee (North), Vice Chairman of BCD Group, and Advisor to NAR India, states, 'For decades, India's real estate narrative revolved around the top 7-8 metro cities. But that story is being rewritten. What we're witnessing is not just spillover from saturated metros; it's a fundamental reshaping of the growth landscape. Cities once considered peripheral are now emerging as vibrant hubs for housing, employment, infrastructure, and investment.' The report identifies this shift not as a cyclical deviation from the dominance of metros like Delhi, Mumbai, or Bengaluru, but as a deeper reordering of India's urban development model. It pinpoints the specific growth corridors that exemplify this transformation. Bhubaneswar is leading the way with walkable neighbourhoods rooted in smart city design and cultural context. Jabalpur and Gwalior are witnessing township-led growth spurred by improved highway networks and air connectivity. Cities like Salem and Tirunelveli are becoming health-tech magnets, following the lead of Coimbatore. In central India, warehousing hubs are emerging in Raipur, Siliguri, and Belagavi, driven by their strategic locations and enhanced connectivity. Industrial corridors in Hosur, Aurangabad, and Pithampur are evolving into EV manufacturing zones, generating demand for both workforce and executive housing. Even the knowledge suburbs of Chandigarh, such as Baddi, Barotiwala, and Derabassi, are transforming from industrial satellites into integrated living ecosystems. Meanwhile, cities like Lucknow and Ayodhya are undergoing a renaissance, fuelled by government investment, institutional development, and spiritual tourism. One of the most powerful insights from Singh's report is that infrastructure in these cities is leading development. Infrastructure in Tier-II and Tier-III cities is becoming the new imperative for Indian real estate, with expressways, regional airports, railways, and metro lines laying the groundwork for expansion. Corporates are entering early, drawn by cost advantages and access to local talent. Land remains both affordable and available, enabling large-scale, community-led developments. Rising household incomes, improved education, and digital reach are driving aspirations upward. Besides, local governments are offering faster approvals and policy support, making these cities more investor-friendly. The growing trend of reverse migration is further accelerating this shift, as people return home in search of a better quality of life. In terms of strategy, the report encourages developers to enter early, focusing on plotted developments, affordable housing, and township models, while partnering with local players and ensuring timely delivery to build trust and value. Investors need to look beyond the herd, identifying locations where infrastructure aligns with policy intent, signalled by upcoming highways, GCCs, rail links, and institutional projects. Policymakers must treat these cities as testing grounds for reform, enabling faster digital approvals, promoting sustainable urban mobility, and incentivising ESG-led development for long-term impact. India@2030 will not be defined solely by the skylines of Delhi, Mumbai, or Bengaluru. It will take shape in the quieter, determined rise of Tier II and III cities. This transformation is about more than just economic growth; it's about achieving balance, enabling inclusion, and unlocking opportunity across geographies. About the Author Ashwinder R. Singh is Chairman – of the CII Real Estate Committee (North), Vice Chairman & CEO – BCD Group, and Advisor – NAR India. He has authored three leading industry books, regularly delivers keynotes at top real estate forums, and is widely regarded as one of India's strongest advocates for channel partners and broker networks.
Fashion Value Chain
14-05-2025
- Business
- Fashion Value Chain
NAR-India Appoints Real Estate Leader Ashwinder R. Singh as Advisor
NAR-India has appointed Ashwinder R. Singh as Advisor for the 2025-2026 term. A senior leader in India's real estate and financial services sectors, Ashwinder currently serves as Chairman of the CII Real Estate Committee (Northern Region) and Vice Chairman & CEO at BCD Group. Ashwinder R. Singh With over two and a half decades of experience across real estate development, institutional lending, and channel partner ecosystems, Ashwinder has held leadership positions at Bajaj Housing Finance, where he co-founded the B2B home loan vertical and managed one of India's most active construction finance portfolios. His earlier roles include CEO of JLL Residential, Co-founder & CEO of ANAROCK, and CEO of Bhartiya Urban, where he led the development of a 150-acre integrated township. In its official communication, NAR-India noted, 'Ashwinder's strategic depth and commitment to industry evolution will significantly strengthen our national vision and stakeholder engagement.' Commenting on his appointment, Ashwinder said, 'It is an honour to contribute to the real estate fraternity through NAR-India. I have always believed that trust, insight, and disciplined execution are the cornerstones of long-term value creation.' Ashwinder is also the bestselling author of three widely acclaimed real estate books – one of which was featured on Shark Tank India – and serves as an advisor to several PropTech and FinTech startups. His appointment comes at a time when India's real estate sector is undergoing rapid transformation, with increasing focus on transparency, digitization, and sustainable growth.
Time of India
01-05-2025
- Business
- Time of India
Over 4 lakh homes delivered across top 9 cities in FY25; Pune leads, Delhi-NCR dips: Report
AI-generated image Residential home unit deliveries across nine major Indian cities rose by 33 per cent in the 2024-25 financial year, reaching 4,06,889 units, according to data from PropEquity . This marks a significant increase from 3,06,600 units delivered in 2023-24. The figures cover apartments, row houses, and villas that have received occupancy certificates. Despite the overall growth, Delhi-NCR bucked the trend, witnessing an 8 per cent decline in unit deliveries, with 44,423 homes handed over during the year. Pune led the pack with 81,563 units delivered, reflecting a robust 41 per cent year-on-year growth. It was followed by Thane (77,017 units), Hyderabad (57,304 units), Bengaluru (46,103 units), and Delhi-NCR (44,423 units). Mumbai recorded 41,999 units, Navi Mumbai 21,112, Chennai 19,650, and Kolkata 17,718 units. PropEquity Founder and CEO Samir Jasuja credited the improvement in delivery timelines to the Real Estate (Regulation and Development) Act (RERA). 'The positive market sentiments over the past couple of years have ensured strong cash flows and faster project executions. As reputed and branded developers increase their market share, this trend in the delivery of homes is expected to continue,' he said. Angad Bedi, CMD of BCD Group, said the surge in deliveries underlines developers' commitment to timely execution and construction quality. Stonecraft Group Founder Kirthi Chilukuri added that the delivery of over 4 lakh homes across key metros reflects strength and confidence in the real estate sector. Commenting on Delhi-NCR's numbers, VS Realtors Founder Vijay Harsh Jha noted, 'Despite a slight decline in FY25, the region still saw a substantial number of homes being delivered.' Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
01-05-2025
- Business
- Business Standard
Housing units delivery across Delhi-NCR down 8% in FY25: PropEquity
Delhi-NCR has witnessed an 8 per cent decline in total residential units delivered during the last financial year to 48,388 units, according to number of homes delivered in Delhi-NCR during the 2023-24 fiscal stood at 44,423 estate data analytic firm PropEquity data showed that the number of homes delivered in 9 major cities has risen 33 per cent to 4,06,889 units in 2024-25 as against 3,06,600 units in the preceding data represents apartments, row houses, and villas whose occupancy certificates have been top 9 cities are Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Thane, Navi Mumbai and READ: Registration of housing properties in big cities touches 544K units in FY25The most number of homes were delivered in Pune at 81,563 units during the 2024-25 fiscal, an increase of 41 per cent Year-on-Year (Y-O-Y).Pune was followed by 77,017 units in Thane (39 per cent Y-O-Y growth), 57,304 units in Hyderabad (61 per cent Y-O-Y growth), 46,103 units in Bengaluru (26 per cent Y-O-Y growth), 44,423 units in Delhi-NCR (8 per cent Y-O-Y decline), 41,999 units in Mumbai (22 per cent Y-O-Y growth), 21,112 units in Navi Mumbai (37 per cent Y-O-Y growth), 19,650 units in Chennai (49 per cent Y-O-Y growth) and 17,718 units in Kolkata (88 per cent Y-O-Y growth).Samir Jasuja, Founder and CEO of PropEquity noted that new real estate law RERA has played a major role in developers adhering to project delivery READ: Real estate institutional investments in Q1 CY25 up 47% at $0.81 bn: Report"The positive market sentiments over the past couple of years have ensured strong cash flows and faster project executions. As reputed and branded developers increase their market share, this trend in the delivery of homes is expected to continue," he on the report, Angad Bedi, CMD of realty firm BCD Group, said this growth highlights developers' commitment to timely delivery and quality Chilukuri, Founder & Managing Director of Stonecraft Group, said, "The vigorous delivery of 4 lakh homes across the country's key metropolises indicates the strength and confidence in the domestic real estate sector." Vijay Harsh Jha, founder and CEO of brokerage firm VS Realtors, said, "Delhi-NCR, despite seeing some decline in FY25, saw a good number of homes being delivered.
