Nagpur, Jaipur, Lucknow among top three in physical and social infrastructure: Colliers report

New Delhi, Jan 23 (PTI) Nagpur, Jaipur and Lucknow are among the top three in India based on four parameters including physical and social infrastructure and real estate situation, a Colliers International report shows Emerging cities.

Real estate consultant Colliers India conducted a comprehensive parameter-based analysis matrix to assess the growth drivers of emerging cities. The matrix was developed using four key parameters: physical infrastructure; social infrastructure; population growth and economic development; and real estate dynamics.

Cities with well-established ecosystems and strong future growth potential, driven by government and private sector development initiatives, received higher scores in the assessment.

In the emerging city assessment, Nagpur performed best, followed by Jaipur and Lucknow, and these three cities are expected to establish a strong presence in the Indian real estate market in the coming years.

Known as the “Orange City”, Nagpur is a rapidly growing urban center in the state of Maharashtra.

Key projects such as MIHAN, Samruddhi Mahamarg and Nagpur Metro are enhancing connectivity and economic growth, the report said.

The city of Nagpur is emerging as an important hub for residential, commercial and industrial investments, attracting attention from across India.

Jaipur, the capital of the state of Rajasthan, is known as the “Pink City” and is one of the earliest planned cities in India.

“Jaipur’s economy is driven by tourism, gem cutting, jewelery manufacturing, luxury textiles and IT industries and supported by its growing infrastructure, making it an important manufacturing and IT hub in India,” the consultant said.

Swapnil Anil, managing director, Colliers Consulting Services India, said the expansion of highways not only improves commuting but also promotes urban development.

“It supports economic development, encourages the creation of integrated townships and social infrastructure, and promotes tourism. Together, these factors drive property demand in the area, making it a promising investment opportunity for investors and homebuyers,” he said .

Swapnil said now is the best time to invest in land in emerging urban micro markets along highways, with returns expected to be as high as 5.2 times over the next decade.