Tier-2 Cities Drive India’s Next Realty Boom | ₹1.7 Tn Opportunity Explained

India’s real estate growth story is moving beyond the biggest metros. A new CII-Knight Frank India report identifies 11 emerging markets that could become the next major real estate growth centres, with Tier-2 cities already seeing faster residential price growth than the top 8 cities. But what is driving this shift? From infrastructure and connectivity to jobs, rising incomes, retail, warehousing and office demand, several factors are reshaping India’s next real estate markets. The report estimates India’s real estate sector could grow from around $613 billion in 2025 to $5.8 trillion by 2047, with Tier-2 and Tier-3 cities potentially accounting for $1.4–1.7 trillion. Ankita Sood, National Director – Research, Knight Frank India, joins us to explain where the next opportunities are emerging, what is driving demand and what investors and homebuyers should watch as India’s cities expand.