Covai updates on LinkedIn: #tier2 #realestate #suatainabledevelopment (2025)

Tier-II and Tier-III cities in India are rapidly emerging as #PrimeHotspots for #RealEstateInvestment.These cities offer significantly lower property prices compared to Tier-I cities, making them attractive for investors seeking affordable options. Additionally, ongoing infrastructure developments, such as improved transportation networks and enhanced civic amenities, are boosting their appeal. The growth in job opportunities, driven by the expansion of industries and the #ITsector into these regions, further fuels their potential. As a result, these cities present untapped potential for investors looking to capitalize on the next wave of urban growth in India.

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The trajectory of India's urban development journey underscores the critical need for Smart Cities to foster sustainable, inclusive growth. Despite challenges, initiatives like the Smart Cities Mission (SCM) have made significant strides, with over 5,533 projects completed, totaling ₹65,063 crore in investment, aimed at enhancing urban infrastructure and services. However, with only 16% of the projected capital flow realized thus far, there's immense untapped potential for further investment and innovation in shaping our urban landscapes.As we look ahead, the transformative impact of Smart Cities extends beyond infrastructure to encompass economic dynamism, social cohesion, and environmental stewardship. With McKinsey reports indicating a requirement of $1.2 trillion in capital expenditure by 2030, the imperative for continued investment and strategic collaboration is clear. By leveraging technology, fostering public-private partnerships, and prioritizing community engagement, India has the opportunity to create vibrant, resilient urban centers that serve as hubs of innovation and prosperity for generations to come. #SmartCities #UrbanDevelopment #SustainableFuture #development #smartcity #sustainability

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𝑻𝒓𝒂𝒏𝒔𝒇𝒐𝒓𝒎𝒊𝒏𝒈 𝑻𝒊𝒆𝒓-2 𝑪𝒊𝒕𝒊𝒆𝒔: 𝑻𝒉𝒆 𝑼𝒓𝒈𝒆𝒏𝒄𝒚 𝒐𝒇 𝑬𝒇𝒇𝒊𝒄𝒊𝒆𝒏𝒕 𝑼𝒓𝒃𝒂𝒏 𝑻𝒓𝒂𝒏𝒔𝒑𝒐𝒓𝒕𝒂𝒕𝒊𝒐𝒏As India's urban landscape expands, Tier-2 cities are emerging as key growth centers. However, their rapid development often outpaces their transportation infrastructure. Let's explore why efficient urban transportation is crucial for these cities:𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐝 𝐐𝐮𝐚𝐥𝐢𝐭𝐲 𝐨𝐟 𝐋𝐢𝐟𝐞: Well-connected cities offer better accessibility to jobs, education, healthcare, and recreational facilities, enhancing the overall quality of life for residents.𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐆𝐫𝐨𝐰𝐭𝐡: Efficient transportation attracts businesses, investments, and tourism, stimulating economic development.𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐂𝐨𝐧𝐠𝐞𝐬𝐭𝐢𝐨𝐧: A well-functioning transportation system can alleviate traffic congestion, reducing travel times and improving air quality.𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐔𝐫𝐛𝐚𝐧 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭: Proper urban planning and transportation infrastructure are essential for sustainable and livable cities.𝐒𝐨𝐜𝐢𝐚𝐥 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧: Accessible transportation promotes social inclusion by connecting people from different socioeconomic backgrounds.By investing in efficient urban transportation, Tier-2 cities can create a more sustainable, equitable, and prosperous future.What are your priorities for urban transportation development in Tier-2 cities? Share your thoughts in the comments below!#urbantransportation #tier2cities #infrastructure #development #india

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As urbanization accelerates, integrating technology into infrastructure is not a luxury but a necessity. India’s Smart Cities Mission has identified 100 cities to become hubs of innovation, sustainability, and growth, with over 50% of the projects nearing completion. However, the need for more smart cities is undeniable to address the growing urban population.At Sree UGCL, we are proud to contribute to this transformation by pioneering advanced infrastructure solutions. From intelligent transportation systems to smart water management and energy-efficient buildings, we’re redefining urban landscapes. Our innovations go beyond convenience—they’re about creating sustainable, resilient cities that support future generations.Together, let’s continue building a smarter, more connected India, where every citizen can thrive.#SreeUGCL #infrastructure #nationbuilding #buildinglegacy #smartcities #urbanization #sustainability #India

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India will need 93 million houses by 2036 And it’s no secret that metro cities are insanely crowded So the only way to meet this demand is to tap into Tier 2 and 3 city’s potentialHere’s why I think these cities have a great potential:→ Affordable housing: These cities are much less crowded, making the houses bigger at the same or lesser cost than a house in a Tier 1 city. Prices are, on average, 40% lower than in the top metros.→ Job opportunities: Because of all the efforts by the government and oversaturation in metro cities and the inexpensive resources in Tier 2 and Tier 3 cities, companies are shifting to these cities, creating more job opportunities. Job growth in Tier 2/3 cities was over 15% last year, compared to 6% in metros.→ Improved connectivity: The government's Gati Shakti mission bridges the gap with metros. Projects worth Rs 3 lakh crore have been sanctioned under this initiative.→ Investment potential: These properties are estimated to grow exponentially by 2036 because of increased demand; they would yield huge profits. Analysts predict 25–30% higher returns than tier 1 city properties.Tier 2 and Tier 3 cities are often overlooked, but they will be the future of real estate.Do you think smaller cities will take over metros in the next decade?(Data source: CREDAI Report 2023-24)#realestate #tier2cities #credai

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Here are some common real estate trends in tier 1 and 2 cities in IndiaRapid Urbanization: Tier 2 cities have been experiencing significant urbanization and population growth, leading to increased demand for housing and commercial spacesInfrastructure Development: Many tier 2 cities have witnessed improved infrastructure, including better road connectivity, public transportation, and civic amenitiesAffordable Housing: The demand for affordable housing has been a prominent trend in tier 2 cities. Developers are focusing on projects that cater to the middle-income segment, offering reasonably priced housing options. PMAY will play a major role IT and Business Parks: Some tier 2 cities have become attractive destinations for IT and business parks. This has led to increased demand for commercial real estate and, subsequently, a rise in residential developments to accommodate the workforce. WFH is also helping this growth Government Initiatives: Various government initiatives, such as the Smart Cities Mission, have aimed at promoting sustainable and inclusive development in tier 2 citiesEconomic Growth: Cities with robust economic growth tend to attract real estate investments. Tier 2 cities that have seen steady economic development often experience increased demand for both residential and commercial propertiesReal Estate Regulatory Changes: National and state-level regulatory changes, such as the RERA, have impacted the real estate sector, promoting transparency and protecting the interests of buyersCo-living and Co-working Spaces: The rise of co-living and co-working spaces has been observed in tier 2 cities, catering to the needs of a younger and more mobile workforceMajor healthcare revolution is happening in Tier 2 cities due to PE investments, M&A activities and medical tourism#realestate #healthcare #tier2 #tier1 #India#medicaltourism

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The Potential of Tier 2 & 3 Cities in India!In the bustling landscape of India's urbanization, Tier 2 and Tier 3 cities emerge as the beacon of opportunity. While Tier 1 cities shine as developed hubs, it's the lesser-known counterparts that hold the promise of growth and innovation.Despite their burgeoning potential, the talent pool often overlooks these cities in favor of metropolitan giants. But why the hesitation? In these emerging urban centers, lies a wealth of untapped opportunities waiting to be seized.Cost of living is significantly lower, offering a chance for a comfortable lifestyle and increased savings. Beyond financial perks, professionals have the chance to become all-rounders, delving into diverse roles and expanding their skill sets.In these cities, innovation thrives as individuals play a pivotal role in shaping the company. With fewer competitors vying for attention, there's ample room for career growth and making a tangible impact.Yet, the allure of Tier 1 cities remains strong, perpetuating the cycle of neglect for Tier 2 and 3 cities. It's time for a shift in mindset. Embracing these cities means stepping into a new market ripe with possibilities. Tier 2 and 3 cities aren't just destinations; they're the gateways to a world of potential. It's time for professionals to broaden their horizons and embrace the opportunities that await beyond the confines of Tier 1 cities. The future of India's growth lies in the hands of those willing to venture beyond the familiar. #tier2cities #tier3cities #emergingindia #opportunities #innovation #employement #careergrowth

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Challenges in Realizing Smart Cities in India: A Closer LookIndia's vision to develop smart cities aims to transform urban living with innovative technology solutions. However, despite significant investments and initiatives, achieving this vision remains a challenge. Why is that so? Let’s delve into some key factors.Funding and Financial Overheads: One of the primary hurdles is the financial aspect. Smart cities require substantial investment in technology, infrastructure, and human resources. Limited budgets and financial constraints often lead to delayed or scaled-back projects.Regulatory Delays: The complexity of India's regulatory framework can stifle progress. Lengthy approval processes and bureaucratic hurdles often result in significant delays in project execution.Technological Integration: While the technology exists, integrating it into existing urban frameworks is a formidable challenge. Issues like data privacy, cybersecurity, and the digital divide further complicate this integration.Stakeholder Engagement: Effective collaboration between government entities, private sector participants, and citizens is crucial. Often, misalignment in stakeholder goals and inadequate public participation can impede project momentum.Understanding and addressing these challenges is essential for moving forward. Let's discuss how we can overcome these barriers and successfully deliver on the promise of smart cities in India.#SmartCities #UrbanDevelopment #Infrastructure #TechnologyInnovation #PublicPolicy

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India’s #Urbanization Surge: #Opportunities and #ChallengesBy 2050, #India is poised to witness the largest urban growth globally, with over 800 million urbanites – a doubling of the current urban #population. This #transformation isn’t just about numbers; it’s a pivotal moment for India’s #economy, #environment, and #society. Let’s delve into the trends, insights, and strategies:Economic Engine: India remains one of the fastest-growing major economies, with a projected 7.5% #GDP growth in the next two years. Its cities contribute about two-thirds of its economic output, attracting #foreign #investments and driving consumption. Emerging cities (with populations under 1 million) are expected to generate 70% of future #employment. The business implications? Invest strategically in urban-centric services, technologies, and infrastructure.Environmental Footprint: However, rapid urbanization comes with challenges. Buildings in India account for 40% of energy use, 30% of raw material use, and 20% of water use. They also contribute to 24% of India’s annual CO2 emissions. #Sustainable #realestate development is critical. Businesses can adopt green practices, invest in energy-efficient buildings, and promote eco-friendly urban planning.#Infrastructure Stress: Many Indian cities grapple with overstressed infrastructure, inadequate utilities, and resource scarcity. To ensure sustainable growth, cities must become more liveable, safe, and resilient. Clean air, reliable utilities, and opportunities for learning and employment are essential. Businesses can collaborate with local governments to improve urban services.Smart #Strategies: As India’s built environment for 2030 takes shape, seize opportunities. Invest in smart cities, digital infrastructure, and innovative solutions. Leverage #data #analytics for efficient resource management. Foster public-private partnerships to address urban challenges. Consider cross-sector collaborations to create holistic urban ecosystems.In summary, India’s urbanization story is both promising and complex. We help businesses navigate this landscape with foresight, sustainability, and adaptability that can thrive in the urban future.#BusinessInsights #TheWhiteShadows

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#MazarsOutlook |Explore the future of urban development with a deep dive into India's smart cities mission.India is in a state of rapid urbanisation, with over 70% of its GDP coming from cities. However, this large-scale migration causes a strain on existing infrastructure and increases the demand for public services.Check out our macro PDF series of smart cities that examines the opportunities arising from the creation of smart cities in India from different angles, including people, development, and finance-https://lnkd.in/gFJpfcKX#smartcities #pdfseries #urbandevelopment

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