Tier 2 Cities In India Pdf Download: The Benefits of Reverse Migration and Work from Home for IT Pro

The idea of this article is to present the top tier 3 cities in India. These are the most promising cities in India that are at the point of economic growth and attracting development activities. List of Tier 3 Cities in India PDF Download Link is available for free at the bottom of this article.

Tier 2 Cities In India Pdf Download

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Indian cities are classified as tier-1, tier-2, and tier-3 categories by the government, based on the population density and the cities with a population of 50,000 to 100,000 as tier 2 and 20,000 to 50,000 as tier 3.

Tier-1 cities are densely populated and have higher living expenses. There are major international airports, industries, top multi-specialty hospitals, education, and research institutes in these cities. Economists believe that some tier-2 cities are as good as any tier-1 city.

Tier-II cities in India are thriving in the post-pandemic world, led by their growing economic significance, infrastructure development and consequently, improved connectivity and real estate growth. As these cities continue to shine brighter, CBRE has identified the top 10 tier-II cities in India as follows:

The widening economic base and access to a skilled talent pool are prime influencing factors for occupiers to consider expanding in tier-II cities. The various business clusters across tier-II cities offer a mix of non-SEZ and SEZ establishments with average quoted rentals ranging from as low as INR 30-40 / sq. ft. / month to about INR 60-80 / sq. ft. / month. Most cities have also recorded a growing presence of flexible space operators, industrial hubs and malls.

According to the report, the quality of life in these cities is well supported by the relatively affordable cost of living compared to tier-I cities, along with an increasing presence of healthcare facilities and educational institutions. There is also rising investor interest over recent years, with various plans announced by domestic and global firms to establish their footprint in these markets.

According to the report, the location agnosticism of talent opened a world of opportunities for both global/domestic corporates, as they were no longer constrained by geographical limits. Now that corporates are looking for their workforce to return to work, many of them are also venturing into these tier-II cities to be in proximity to the talent. While tier-I cities would continue to remain the most preferred choice currently for office occupiers, in the medium to long term, CBRE expects a rise in office space take-up in tier-II cities as well.

Most tier-II cities have established high-street locations with a few having emerging ones as well. Well surrounded by residential catchments, these shopping destinations cater to a wide audience providing a diverse mix of brands across athleisure, fashion & apparel, F&B, department stores, hypermarkets, fine dining restaurants, car showrooms and electronics. 2ff7e9595c