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India's Tier-2 Cities Record Housing Price Growth Double That of Top 8 Markets

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Residential property prices in eleven emerging Tier-2 Indian cities have grown at nearly twice the pace of the country's top eight real estate markets, according to a new report. Improved infrastructure and rising consumer spending are cited as key drivers behind the accelerated price appreciation in these smaller cities. Commercial activity is also picking up across these developing urban centres, further boosting their real estate appeal. Tier-2 and Tier-3 cities are increasingly being seen as the next major frontier for India's property sector growth.

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