The rise of second-tier cities in India | Aditya Prakash | TEDxAIIMSBhubaneswar

Market Trends & Opportunities - Rise of "India 2", representing the potential and energy of people in tier 2 and tier 3 cities [6][7] - By 2050, over half of India's population is expected to live in urban areas, highlighting the growth of tier 2 and tier 3 cities [7] - Approximately 30 people migrate to urban centers in India every minute [8] - Tier 2 and tier 3 cities offer a middle ground of urban convenience and rural affordability, attracting entrepreneurs and remote workers [10] - Government initiatives like Smart City Mission and Make in India are creating a fertile ground for transformation in these cities [17] Real Estate & Infrastructure Development - Real estate is crucial for sustainable transition, creating ecosystems with modern offices, warehouses, residential townships, retail spaces, and entertainment zones [11][12][13][14] - Infrastructure upgrades are needed in tier 2 cities, including roads, public transport, and utilities [16] Socioeconomic Development - "India 2" embodies the aspirations of millions and symbolizes a nation on the rise [18] - Tier 2 and tier 3 cities are becoming vibrant centers for opportunity, economic activity, and cultural resurgence [7] Challenges & Risks - Unplanned urban growth poses risks of congestion and pollution [16]