Youth preferring smaller cities to big metros for property investment

Top cities are no longer the preferred choice for real estate investment by young professionals, according to a recent survey by property research firm Track2Realty. They are betting big on tier II and tier III cities for the next round of property rally. 

More than half of the respondents, about 57%, say they would prefer to stay in rented apartment in prime cities like Delhi, Mumbai, Pune, Kolkata, Bangalore and Ahmedabad and invest in cities like Lucknow, Jaipur, Ahmedabad, Surat, Patna, Ranchi and Bhopal for better appreciation potential. 

As many as 70% with disposable income find a hill station or holiday home outside metro better to invest than to buying a second home within the city. 

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