The strategy of premiumisation alongside booming wine tourism and innovations like the Muscat Blanc is helping transform wine into an aspirational lifestyle choice across Tier 2 and 3 cities, CEO Rajeev Samant tells Moneycontrol
Consumers here are well-travelled, digitally exposed, and aspirational, making them ready for luxury and premium retail.
State level policies and availability of skilled talent is driving GCCs into Tier II and Tier III cities such as Coimbatore, Indore, Kochi, Ahmedabad and Thiruvananthapuram.
After the seed fund round, We360.ai said it has become the first startup from a Tier-2 Indian city to raise venture capital.
Soumyadip Chatterjee, director, brand marketing, Snapdeal: 80% of Snapdeal's transactions are coming from tier II cities and towns.
Content startup Pratilipi's monetisation plans may indicate the future of both reading and entertainment
The demand in Tier 2 cities has recovered more quickly than in the top-cities, demonstrating resilience during the pandemic.
Manufacturing, 3PL, e-commerce and Tier-II cities drove growth in 2020, A 113% increase in supply to 47.9 million sq ft is expected in 2021
A few developers are targeting homebuyers who belong to these Tier 2 cities and are offering low rise condominiums and affordable plots.
Co-working operators are venturing into tier-2 cities such as Jaipur, Goa, Chandigarh and Lucknow, and smaller cities are likely to see further growth as they are witnessing a spurt of start-ups and incubation spaces
Improved connectivity and infrastructure, flexible talent pool and cheaper land availability have led to the growth of the home loan market in tier-II and tier-III cities, the report said.
Scarcity of land resources, high land and construction-related costs, unaffordable property prices, high inventory levels and declining demand are forcing developers and investors to shift their focus towards Tier II and III cities
Anant Gawande, CFO & Whole Time Director, Talwalkars told CNBC-TV18 that this year it will start between 25-30 gyms.
Given the amount of foreign funds that Japan has attracted year-to-date, the market should have not been totally surprised by the fall seen on Thursday.