Since long time, we have been hearing from different sources that realty is back with a bang, realty is blooming, etc. Although it is true that there has been noticed a difference in the realty state during recession and after it, but this change is evident only in Tier 1 cities and not in others.
In other words, it can be said that the realty market is not the same throughout India, rather it is pretty good in Tier i cities, while just the same in Tier ii and Tier iii cities.
As far as the Tier II and Tier III cities are concerned, the property level is exactly similar to the level it was two years ago, i.e. before the recession period. Even after so many corrections in the property prices, the realty is in the same position.
