Infrastructure, Spiritual Tourism to Drive Realty in Smaller Towns
Real Estate

Infrastructure, Spiritual Tourism to Drive Realty in Smaller Towns

Infrastructure digitisation and the growth of spiritual tourism are expected to significantly impact the real estate sector in smaller towns, according to a recent report by Colliers. The report highlights key trends shaping the real estate landscape in these areas.

The Colliers report emphasizes several crucial aspects driving realty in smaller towns. Firstly, infrastructure digitisation is playing a pivotal role in enhancing connectivity and accessibility. This includes advancements in digital infrastructure such as high-speed internet connectivity and digital payment systems, which are essential for modern urban living and business operations.

Secondly, the rise of spiritual tourism is emerging as a significant factor influencing real estate dynamics. Smaller towns often host religious and spiritual destinations that attract a steady influx of tourists and pilgrims. This trend is creating opportunities for hospitality and residential developments catering to the needs of tourists and long-term residents alike.

Additionally, the report underscores the importance of sustainable development practices in smaller towns' real estate projects. Environmental considerations and green initiatives are becoming integral parts of urban planning and construction, reflecting the growing awareness and demand for eco-friendly living spaces.

Furthermore, the Colliers report discusses the role of government policies and initiatives in driving growth in smaller towns' real estate sectors. Supportive policies focused on infrastructure development, tourism promotion, and sustainable urban planning are contributing to the overall positive outlook for real estate investments in these areas.

In conclusion, infrastructure digitisation and the expansion of spiritual tourism are key factors driving real estate activities in smaller towns across India. The combination of modern infrastructure, sustainable practices, and government support is creating a conducive environment for real estate developers and investors to explore opportunities in these burgeoning markets.

Infrastructure digitisation and the growth of spiritual tourism are expected to significantly impact the real estate sector in smaller towns, according to a recent report by Colliers. The report highlights key trends shaping the real estate landscape in these areas. The Colliers report emphasizes several crucial aspects driving realty in smaller towns. Firstly, infrastructure digitisation is playing a pivotal role in enhancing connectivity and accessibility. This includes advancements in digital infrastructure such as high-speed internet connectivity and digital payment systems, which are essential for modern urban living and business operations. Secondly, the rise of spiritual tourism is emerging as a significant factor influencing real estate dynamics. Smaller towns often host religious and spiritual destinations that attract a steady influx of tourists and pilgrims. This trend is creating opportunities for hospitality and residential developments catering to the needs of tourists and long-term residents alike. Additionally, the report underscores the importance of sustainable development practices in smaller towns' real estate projects. Environmental considerations and green initiatives are becoming integral parts of urban planning and construction, reflecting the growing awareness and demand for eco-friendly living spaces. Furthermore, the Colliers report discusses the role of government policies and initiatives in driving growth in smaller towns' real estate sectors. Supportive policies focused on infrastructure development, tourism promotion, and sustainable urban planning are contributing to the overall positive outlook for real estate investments in these areas. In conclusion, infrastructure digitisation and the expansion of spiritual tourism are key factors driving real estate activities in smaller towns across India. The combination of modern infrastructure, sustainable practices, and government support is creating a conducive environment for real estate developers and investors to explore opportunities in these burgeoning markets.

Next Story
Resources

Mahindra selects ABB’s PixelPaint for premium paint options

ABB’s innovative PixelPaint technology has been selected by Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, for its new electric vehicle paint facility. The technology, which uses an award-winning paint head similar to an inkjet printer, will begin serial production in 2025. “Our revolutionary PixelPaint technology can apply large areas of uniform color as well as the tiniest details with complete accuracy, without delaying the production line or the need for manual intervention,” said Joerg Reger, Managing Director of ABB Robotics Automotive Business Line. “By d..

Next Story
Infrastructure Transport

PJTL Lenders Approve Rs 10.20 billion One-Time Settlement

Lenders to the heavily indebted Panipat Jalandhar NH 1 Tollway (PJTL) have agreed to a one-time settlement for their Rs 34 billion dues. They accepted a Rs 10.20 billion all-cash offer from the promoters, the Canada-based Roadis Group and Hyderabad's Soma Enterprises, resulting in a 30% recovery, according to sources familiar with the deal. The account had been affected by farmers' agitation in the area for several years and was eventually declared a Non-Performing Asset (NPA). Several months ago, the National Asset Reconstruction Company (NARCL) had proposed to take over the debt, but the p..

Next Story
Infrastructure Urban

Capgemini to invest Rs 10 billion in new Chennai facility

Capgemini revealed plans to develop a new facility in Chennai, committing to invest approximately Rs 10 billion over the next three years. The IT and consulting services firm indicated that the 5,000-seat facility in Chennai is expected to be completed by April 2027. The campus will incorporate advanced energy and water-efficient technologies, utilize recycled materials, and implement rainwater harvesting during construction. Capgemini noted that the new facility is intended to become a prime destination for top-tier talent in southern India. It will be equipped with state-of-the-art IT in..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram