Tier II Cities - Retail's Time to Shine

In the past couple of years, tier-II cities in India have been witnessing growth levels never seen before – the retail real estate sector being a significant beneficiary of this growth. A mix of factors such as economic expansion propelled by industry, infrastructure development, and the creation of new business hubs, have led to the emergence of a wealthier and more consumption-driven population.

This populace is not only better aligned with world-class goods and services but increased connectivity via infrastructure and logistical enhancement has only ensured greater accessibility for such goods and services. The evolving aspirations and a desire for diverse brands and experiences, fuelled by social media exposure, have made tier-II cities increasingly appealing to retailers.

As these cities continue to shine brighter, CBRE has identified the top 14 tier-II cities in India.
 
To unfold the dynamics of these 14 tier-II cities and our analysis of the growing retail sector in India’s tier-II cities, please click the download button.