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Time of India
11-07-2025
- Business
- Time of India
Big cities = higher returns? A new report on real estate appreciation might just change your investment decision
Tier-II cities like Lucknow and Kanpur others have outpaced metropolitan hubs in real estate value appreciation, according to a report by MagicBricks. The report revealed that average capital appreciation in Tier-II cities rose by 17.6%, surpassing Delhi's 15.7%. This trend signals a rising preference among investors and homebuyers for mid-tier cities, driven by their potential for higher returns, according the report. This trend is most evident in North India, with Kanpur and Lucknow leading at 24.53% and 22.61% year-on-year capital appreciation, respectively, reported NDTV Profit citing the report. Other cities in the region reflecting a similar trend include Dehradun, Jaipur, and Patna. According to the report, this surge in property values is driven by a combination of strong demand and relatively affordable rates. For context, the average price per square foot stands at Rs 6,394 in Lucknow, Rs 6,986 in Kanpur, Rs 5,653 in Dehradun, and Rs 5,654 in Jaipur — significantly lower than Delhi's Rs 18,618 per sq ft, as per Magicbricks data. Live Events Value of homes rise in tier 2 cities Value of homes sold in India's top 15 tier 2 cities has increased by 6% to Rs 40,443 crore in Q1 2025 as against Rs 38,102 crore in the same period last year. According to NSE-listed real estate data analytics firm PropEquity, Lucknow with 25% increase in number of units sold in Q1 2025 at 1301 units registered the highest growth amongst top 15 tier 2 cities. This was followed by Coimbatore 21%, Gandhi Nagar 18% and Mohali 2%. Overall, the sale fell by 8% to 43,781 units in Q1 2025 as compared to 47,378 units in the same period last year. Other 11 cities saw decline in number of units sold in Q1 2025 with Visakhapatnam registering the highest decline (37%) and Ahmedabad and Goa recording the least decline (1% each).
India.com
09-07-2025
- Entertainment
- India.com
Sunil Shetty spends holidays in his lavish Khandala farmhouse worth Rs 20 crore, has water body, private theatre, owns property as joint ventures with…
Bollywood actor Suniel Shetty, best known for his tough on-screen presence and calm off-screen personality. Away from the spotlight, he has created a world of luxury that reflects both grandeur and peace. His taste for classy living can be seen in the multiple crores worth of properties he owns, especially a breathtaking farmhouse nestled in the hills of Khandala. Surrounded by nature and designed with elegance, the place is nothing short of a private paradise, revealing a stylish life that's both grounded and glamorous, which also carries a fond memory of his daughter's lavish wedding. How Suniel Shetty's Khandala Farmhouse Became His Fondest Memory? Suniel Shetty spends his vacation in a great bungalow in Khandala, which also became the site of wedding of her darling daughter Athiya Shetty with KL Rahul on January 23, 2023. The couple got married in Khandala at Suniel Shetty's fashionable mansion, 'Jahaan.' On a lawn where the wedding vows were solemnized, an immaculate mandap was erected. As per reports by Magic Bricks, the property now costs about Rs 20 crore, which is surrounded by rich greenery. Suniel Shetty's Khandala property, a resort-like home, showcases body of water and is evidence of exquisite architecture. But did you know that once it was a barren piece of land, which actually became Suniel Shetty's dream? Why Suniel Shetty Decided To Invest? Speaking to actor-comedian Bharti Singh in her podcast on YouTube, Suniel explained why he had decided to put his money into a barren plot of land originally. He said, 'People today say, 'You must see Suniel Shetty's farmhouse.' I built it 16 years ago! Its financial worth then was possibly (nothing), but my goal was to spend weekends with Athiya and Ahan, my children, to do farming, all the trees we planted. Before, stones were there, today there are more than 400 trees. This home was built for this. That it is valuable now is a different story, What Does Suniel Shetty's Farmhouse Consist Of? Suniel's lovely farmhouse has a natural water body running across it. Suniel said the house was erected surrounding this natural stream, and a bridge linked several sections of the farm. Each room in the house leads to a distinct outdoor area, therefore allowing for continuous indoor-outdoor living. The home is furnished with all current amenities even if it is surrounded by natural, country-like surroundings. Adjoining the lush garden, there is a big swimming pool set in the front lawn. Suniel also made a theater room specially for family movie nights. The Joint Ventures Of Suniel Shetty With his son, Ahan and son-in-law, KL Rahul, he has also invested in expensive Khar and Thane real estate, worth Rs 15–20 crore flat on Mumbai's Altamount Road. One of the first in celebrity entrepreneurship, Suniel has also invested in companies like SQUATS, runs a real estate company (S2 Realty), a production house (Popcorn Entertainment), and experimented with hospitality. His net worth is projected to be Rs 125 crore.
Time of India
04-07-2025
- Time of India
In separate cyber fraud cases, three people duped of 21L
Lucknow: Three cases of cybercrime were reported in the state capital on Friday, wherein the victims were defrauded of a total of Rs 20.93 lakh through online trading scams, rental fraud, and fake customer service calls. According to cyber police officials, Sumit Tandon, a businessman from Bag Tola in Chowk, reported that he received a WhatsApp message last month from a trading platform named 'Iron FX International Group' offering lucrative returns on investment. Trusting the promise of high profits, he transferred Rs 10.5 lakh to the scammers before realising it was a fraud. In another case, 92-year-old Jagdish Chandra Kukreti, a resident of Sector J in Aliganj, uploaded an advertisement on the real estate platform MagicBricks to rent out his house. On May 28, he received a call from a man claiming to be NSG commando Ashish Kumar Pahadi, who expressed interest in renting the property. Under the pretext of sending advance rent, the caller tricked Kukreti into sharing his account details and siphoned off Rs 5.38 lakh. A third victim, 70-year-old Krishnakant Trivedi from Shalimar Vista in Gomtinagar Extension, was duped on June 30 by a fraudster impersonating a PNB bank customer care executive. The caller obtained Trivedi's confidential banking information and withdrew Rs 5.05 lakh from his account. "We have once again urged the public to exercise caution and verify identities before sharing financial information online," said Brajesh Yadav, inspector, Cyber Crime Police Station.
Fashion Value Chain
28-05-2025
- Business
- Fashion Value Chain
How Infrastructure is Putting Tier-2 Cities on the Investment Map
Infrastructure development has always been the bedrock of economic development, powering industries, boosting employment, and defining the overall lifestyle of dwellers. But, its immediate impact is most visible in the Indian real estate sector. From expressways and airports to urban transit systems, each development lays the groundwork for a city's evolution. Infrastructure Development is transforming Indias Tier-2 Cities into Major Investment Hubs This transformation is unfolding with particular intensity in India's Tier-2 cities. Long overshadowed by their metropolitan counterparts, cities like Dehradun, Chandigarh, Mohali, and Lucknow are now coming into their own. As per a CREDAI-Liases Foras research report on the real estate sector of 60 Indian cities, as many as 44% of the 3,294 acres of land acquired by real estate developers in 2024 were concentrated in the emerging hubs of India's Tier-2 and Tier-3 cities. Dehradun, once known for its hill retreat, is now growing as an ideal real estate hub. Homebuyers here are not just investing in property; they are securing a lifestyle enriched by serene landscapes, clean air, and a growing economic ecosystem. The city is seeing a transformative wave of infrastructure development, with the Delhi-Dehradun Expressway standing out as a prime example. The six-lane expressway will significantly reduce travel time between Delhi and Dehradun to just 2.5 hours, making Dehradun a more accessible and attractive location for homebuyers, investors, and businesses. Parallelly, the Dehradun Smart City Mission is upgrading urban infrastructure with modern roads, IT-enabled services, and sustainable public spaces. These developments have triggered a surge in demand for plotted developments, premium apartments, and vacation-style second homes. Manit Sethi, Director, Excentia Infra, says, 'Dehradun's real estate market is undergoing a comprehensive revolution. With the Delhi-Dehradun expressway nearing completion and smart city initiatives gaining traction, the city is no longer just a weekend escape. We've seen a sharp rise in demand from NCR buyers who want better air, scenic views, and a future-ready address. The city's infrastructure momentum is paving the way for premium projects, offering lifestyle, connectivity, and appreciation potential, all in one. Hence, we believe that as the city gains traction due to its growing infrastructure, the real estate market will continue to grow exponentially.' According to the latest data from Magic Bricks, the average capital appreciation in tier 2 cities has reached 17.6%, surpassing Delhis 15.7% gain. These cities are witnessing a significant growth in both residential and commercial segments compared to traditional metro markets. Among the leaders, Lucknow has reported substantial year-on-year appreciation rates of 22.61%. This surge is attributed to the expanding infrastructure, growing demand, and the relative affordability of these locations compared to the national capital. Besides, Lucknow, with its compelling blend of tradition, modernity, and strong infrastructure growth, is seeing a remarkable expansion in its real estate market. Strategic infrastructure projects like the Purvanchal Expressway, Outer Ring Road, and the expanding metro network have drastically improved connectivity within the city and beyond. Yash Miglani, Managing Director, Migsun Group, says, 'In our opinion, Lucknow is becoming an infrastructure-led investment magnet. We're seeing a dramatic shift in both scale and sentiment, driven by expressways, metro expansion, and strategic ring roads. As developers, we're responding to a market that demands more than just residential spaces – and we believe that thoughtfully designed commercial projects in Lucknow will redefine the city's business landscape in Northern India.' Moving towards the Tricity region, Chandigarh and Mohali are fast evolving into a high-potential investment belt, driven by a robust pipeline of infrastructure upgrades. The expansion of Chandigarh International Airport has significantly boosted regional connectivity, while developments like PR-5 and PR-7 roads, and other road expansions are vastly improving intra-city access. As a result, the region will continue to stand out as a luxury real estate hub, featuring high-rise gated communities and Grade-A commercial spaces from both investors and end-users. Piyush Kansal, Executive Director of Royale Estate Group, says, 'We foresee Chandigarh becoming a nucleus of North India's real estate momentum. With the airport expansion and key road infrastructure like PR-7, the region is seeing a strategic shift in buyer interest toward areas like New Chandigarh and Mohali. What were witnessing is a wave of aspirational buyers looking for urban sophistication without Delhi-level chaos, and the upcoming metro will only accelerate this trend. Thus, Chandigarh's planned growth, strong civic infrastructure, and rising connectivity make it a prime zone for both residential and commercial real estate investment.' 'The Indian real estate market in tier 2 cities is experiencing a structural shift driven by infrastructure-led growth. Cities like Ayodhya and Rishikesh are benefiting from better road connectivity, upgraded infrastructure, and evolving civic amenities. The aspiration level of buyers has risen; there's demand for branded developments and integrated townships. We foresee a continued and balanced interest from both locals and NRIs who are looking for quality lifestyle options with assured long-term appreciation,' says, Sakshee Katiyal, Chairperson, Home & Soul. Therefore, the shift in investor sentiment is unmistakable. Tier-2 cities are no longer seen as secondary options but as strategic investment destinations offering high returns, better quality of life, and fast-improving infrastructure. Backed by aggressive state-level policies, urban planning reforms, and robust private sector participation, these cities are redefining the real estate growth narrative.
