{
  "id": 8258664,
  "title": "Housing Prices In 11 Smaller Cities Rise 63 Per Cent Since 2021, Outpace Top 8 Markets: CII-Knight Frank Report",
  "url": "https://urgent.news/2026/09/18/housing-prices-in-11-smaller-cities-rise-63-per-cent-since-2021",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-18T13:31:53.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/housing-prices-in-11-smaller-cities-rise-63-per-cent-since-2021-outpace-top-8-markets-cii-knight-frank-report"
  },
  "original_language": "en",
  "account": "New Delhi, September 18 - According to a report by CII and Knight Frank India, housing prices in 11 emerging cities have surged by an average of 63 percent since 2021, surpassing the growth rates in the country's eight major real estate markets, the news agency reported. The 11 cities identified for potential growth in India's real estate sector are Bhopal, Bhubaneswar, Chandigarh Tricity, Goa, Indore, Jaipur, Kochi, Lucknow, Nagpur, Visakhapatnam, and Coimbatore. These cities have demonstrated faster residential price growth compared to India's top eight cities, such as Mumbai, Bengaluru, Delhi-NCR, Hyderabad, Chennai, Pune, Ahmedabad, and Kolkata. The report highlights that these smaller cities have witnessed an average residential price compound annual growth rate (CAGR) of 8 percent between 2016 and 2026, while the top eight cities experienced a growth rate of 4 percent during the same period. The gap in growth has widened over the past five years, with residential prices in these 11 markets increasing by 63 percent between 2021 and 2026, compared to 42 percent growth in the top 8 cities. The prices in the 11 emerging cities range from Rs 4,500 per sq ft to Rs 13,500 per sq ft. Shishir Baijal, CMD of Knight Frank India, emphasized that India's real estate growth is expanding beyond traditional metropolitan centers, with Tier-2 and Tier-3 cities, satellite markets, and emerging corridors presenting significant investment opportunities. He noted that cities that can successfully convert connectivity into sustained economic activity and foster employment, enterprise, population growth, consumption, and urban capacity are likely to build deeper and more diversified real estate markets.",
  "summary": "New Delhi, September 18: Housing prices across 11 smaller cities rose by an average of 63 per cent since 2021, recording higher value appreciation than the eight major real estate markets, according to a report by CII and Knight Frank. 11 Emerging Real Estate Markets On Friday, industry body CII and property consultant Knight Frank India released a report 'India’s Next Real Estate Markets' that…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}