More than real estate destinations

Vibrant cities for vibrant economy-I

By: Track2Media Intellisearch

Traditional real estate study ranks cities in terms of demand-supply of inventories, absorption across the asset class and price appreciation & correction. However, the true dynamics of the city goes beyond the product portfolio of the realtors and the asset class in the given geographical market. This calls for an inherent need to understand the cities as complete entities. After all, the real estate dynamics within a city are determined by the socio-economic demographics and infrastructure development of the city. For instance, Mumbai may have touched the all time low in terms of property transaction in the year 2011, but still remains the costliest property market, attracting investment and hence continues to command its premier position (2^nd Rank) in our study.

Track2Realty Focus 2012 in association with Track2Media Intellisearch (Intelligence & Research) does its own evaluation of cities holistically considering an array of factors like size, market, reach, connectivity and economy that make up a city live to the potential of emerging as Smart City. These are the cities that are not just real estate paradise, but also the demand drivers of the economic cycle. The methodology used for the city analysis has been both qualitative as well as quantitative where a whole lot of development prospect and investment prospect has been factored in.