TIER II TOWNS
Beyond metros: Tier II and III cities emerging as real estate growth hubs
Tier II and III cities in India are emerging as significant players in the real estate market, driven by affordability, infrastructure development, and improved connectivity. These cities now account for nearly half of all land acquisitions by developers, indicating a shift in investment focus and driving sustainable growth.
Snapdeal cofounder Kunal Bahl seen shopping on rival Amazon
In a post on X, Bahl sought recommendations for a good squash racket in India. One of his followers replied with a suggestion, to which Bahl replied with a screenshot of the product he bought, which is seemingly that of Amazon's website.
Australian design software firm Canva sees India becoming its top market in three to five years
In India, Canva is pushing for growth in users as well as revenue as it brings out more localised offerings. Globally, as Canva gears up for its initial public offering, it is increasingly going after large enterprise customers.
Homecoming of a King: Exuberant fans turn Delhi Ranji game into spectacle for a glimpse of Virat Kohli
Virat Kohli drew unprecedented crowds at a Ranji Trophy game between Delhi and Railways, with fans filling the stands and overwhelming administrators. Attendance surpassed expectations, prompting the opening of additional seating areas. Kohli's mere presence energized the audience, even though he didn't bat immediately, showcasing his immense popularity.
Tier-II cities driving India’s real estate growth, Nagpur leads the way
Nagpur leads Tier-II cities in India’s real estate market owing to rapid infrastructural advancements. Expressways, such as the Mumbai–Nagpur Expressway, enhance connectivity and economic growth, making areas like Samruddhi Circle prime investment locations. Significant land price appreciation and demand for development are seen in emerging urban centers, boosting investment opportunities.
Healthcare platform Raaz App raises $1 million in round led by Fireside Ventures
The funds will be used to enhance the platform and expand its services and reach. Additionally, it will invest in clinical trials, development of tech-enabled treatment protocols, and awareness campaigns.
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Anshul Saigal warns of short-term volatility, but sees strong rebound for quality stocks
Anshul Saigal, Founder of Saigal Capital, discusses the potential rebound of quality stocks amid market volatility, highlighting opportunities in the textiles sector and value retail. He explains recent trends, favourable conditions for exporters, and growth opportunities in Adani Group's diverse businesses.
Small town sales join the big league
Sales of smartphones, laptops, washing machines, and TVs are rising in smaller Indian towns, bridging the gap with larger cities. The trend is driven by urbanization, nuclear families, and consumer finance. Increased rural market consumption and solar panel savings also contribute. Government schemes and SUV demand further boost rural spending.
Ola Electric expands network to 4,000 stores pan-India
Ola Electric announced on Wednesday that it has expanded its network to 4,000 stores nationwide, a four-fold increase. The company opened over 3,200 new stores, which are co-located with service facilities, extending its reach beyond metros and Tier I and II cities into smaller towns and tehsils. Bhavish Aggarwal, Chairman & MD of Ola Electric, stated that this expansion redefines the EV purchase and ownership experience, setting new benchmarks with their #SavingsWalaScooter campaign.
Asian Development Bank commits $70 million to Vastu Housing Finance for affordable housing
Asian Development Bank (ADB) has pledged USD 70 million to Vastu Housing Finance to improve access to affordable housing loans, specifically targeting economically weaker sections, low-income groups, and first-time and women borrowers in smaller towns across India. Vastu, with a focus on self-employed individuals, started its operations in 2015.
Mini Bengalurus: Why govt wants tech hubs in Tier II, III towns
Bengaluru's growth as a tech hub is creating opportunities in smaller Indian cities. Global capability centers are expanding to new locations. These cities offer lower costs and skilled workers. Companies seek to reduce expenses and access talent. This shift benefits both businesses and emerging tech hubs. The government is also supporting this trend with new policies.
Housing sales in top 30 Tier II cities up 11% in FY24 to nearly 2.08 lakh units: PropEquity
Housing demand in India has increased by 11% last fiscal, reaching nearly 2.08 lakh units across 30 Tier II towns, according to PropEquity's report. The top 10 Tier II cities contributed 80% to the total sales in these small towns, with sales of 1,68,998 units in 2023-24. The other 20 Tier II cities include Bhopal, Lucknow, Goa, Coimbatore, Raipur, Vijayawada, Indore, Kochi, Trivandrum, Mangalore, Guntur, Bhiwadi, Dehradun, Ludhiana, Chandigarh, Agra, Mysore, Sonepat, Panipat and Amritsar.
Fintech firm Quinte to set up development centers in Tamil Nadu
Quinte on Tuesday said it has entered into a collaborative partnership with the Tamil Nadu government to establish development centers in tier II towns within the state.
Wedding season is back! Demand for banquet halls & jewellery at all-time high, shows new survey
Overall demand for wedding services saw a 30% jump across India’s 1000 towns & cities.
Valuations are temporary, values are forever: Oyo's Ritesh Agarwal
Retweeting his video message posted by Startup India, Agarwal said, "I am bullish on Indian entrepreneurs taking the world by storm. Founders should remember that valuations are temporary, values are forever. Focus on doing good & stay grounded."
Flexible space take up in tier II towns to further strengthen
According to JLL- Awfis Report titled “Flex your Workplace”survey findings, 48% of respondents/occupiers who already have a presence in Tier-II cities want to further expand. Not just that, 78 % of these occupiers are expected to expand within the next one year, with 84% wanting to utilise flex spaces for business continuity.
Sharp rise in Amazon customer base in tier II, smaller towns: Bhasin
In an interview, Bhasin said, "In the last 15- 18 months, we have seen a lot of customers move online, not just in the tier I & II cities but also in smaller towns. Today, 65 per cent of customer orders and over 85 per cent of new customers on Amazon.in are from tier II and below geographies."
Intex to scale up presence in tier-II towns in South
Here to open a Smartworld store, the first in the city, the fourth in Tamil Nadu and 10th in South India, Malik said that the national count of such stores have crossed 130 in 80 cities in 25 states.
Wockhardt Hospitals aims at business from tier-II towns
As the group clambers out of a debt trap, Habib Khorakiwala’s daughter Zahabiya plans strategy to get hospital biz back on track.
Start-ups mushroom in tier-II towns; native employees fuelling firms' growth
Increasing consumption and availability of labour lures cos to tier-II towns. While employees are happy to be closer home, towns are becoming next growth hub.
50% new Internet subscribers from tier-II towns
Internet usage is increasing rapidly in non-metro cities, so much so that more than 50% of the new subscribers are from these tier-II towns.
Foreign no-frill airlines fly into tier-II towns
Air Asia, from Kuala Lumpur and Air Arabia, from Sharjah, fly to various Tier II cities - Trichy, Coimbatore, Kozhikode, Kochi, Lucknow, Nagpur, Jaipur and Ahmedabad.
Canon India to target Tier II, Tier III towns
Canon India Private Ltd, targetting a Rs 1200 crore turnover in India this year, on Wednesday said it would be aggressively looking at Tier II and Tier III towns, which are expected to generate 70 per cent of its business by 2015.
Tier II, III towns' investors increasingly preferring ULIPs
Due to growing confidence in the stock market, people in Tier II and III cities are increasingly investing in unit linked insurance plans (ULIPs) as compared to those in metros and Tier I cities, according to a survey.
Designers explore tier-II towns as orders dry up in west
Small towns and emerging markets are fast-replacing Paris and New York as the hotspots for Indian fashion designers such as Anamika Khanna, Sabyasachi Mukherjee and Rajesh Pratap Singh.
Fortis Healthcare plans new model for tier II & III towns
Fortis Healthcare, India’s second-largest healthcare service provider, plans to come up with a new model of healthcare delivery for tier-II and-III towns.
315 hypermarkets likely in tier I & II cities by 2011: Study
About 315 hypermarkets are likely to come up in tier I and tier II cities by 2011, a study jointly undertaken by KPMG and Assocham has projected.
IT firms dole out sops to senior staff for tier-II towns
To make relocation sweeter, IT firms are doling out incentives such as a payment of Rs 50,000-Rs 1 lakh and tweaking salaries. No longer a gender game at office
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