India’s urban landscape is evolving at an unprecedented pace, with several cities emerging as powerful drivers of growth and opportunities. Cities like Bengaluru, Hyderabad, and Pune have been at the forefront, redefining India’s economic and cultural landscape.
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Fastest Growing Cities in India – An Introduction
City growth is a dynamic and multifaceted phenomenon encompassing urban areas’ expansion in terms of population, infrastructure, and economic development. In India, a country with a rich culture and history spanning millennia, city growth has experienced a remarkable pace in recent years. The rapid growth in India is transforming its landscape, as traditional agrarian societies evolve into bustling urban centres.
The significance of knowing India’s fastest growing cities extends far beyond statistics. As the country strives to bridge the urban-rural divide and improve the quality of life for millions of people, a closer examination of these growing hotspots becomes indispensable. In this article, we delve into the intriguing journey of India’s urbanisation, unveiling the cities that have emerged as front-runners in this transformation.
Methodology and Data Sources
The methodology employed for identifying and analysing the fastest growing cities in India is grounded in a comprehensive approach that combines various data collection and analysis methods. Legal government reports, surveys conducted by renowned organisations, and extensive studies carried out by experts in urban development have been carefully analysed.
Data collection involves extracting information about economic development, population growth, and other key factors from various sources. Sources of Data Collection were authoritative reports, such as the Census of India and foundational datasets. The National Sample Survey Organisation (NSSO) and studies by renowned research bodies, such as the ICRIER (Indian Council for Research on International Economic Relations), supplement the analysis.
10 Fastest Growing Cities in India
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Bangalore
Known as the Silicon Valley of India, Bangalore has been at the forefront of India’s rapid urban transformation. Over the past few decades, this vibrant metropolis has witnessed remarkable population growth, making it one of the fastest growing cities in the country.
Economic & Technological Hub: Home to many multinational corporations, startups, and research institutions, Bangalore has a dynamic ecosystem fostering innovation and entrepreneurship. Its IT and biotechnology sectors have consistently driven economic growth, generating job opportunities that have attracted professionals seeking a vibrant career landscape.
Infrastructure Development: With its economic prowess, the city has seen substantial infrastructure development. Bangalore has invested heavily in improving transportation networks – including the expansion of the metro system. Furthermore, the city boasts of modern residential projects, healthcare facilities, and world-class educational institutions that rival the best in the country.
Real Estate & Job Opportunities: Real Estate Market in Bangalore has been a magnet for homebuyers and investors. Property prices in some upscale regions have witnessed steady growth, driven by the demand for quality living spaces and investment potential.
Property Prices in Bangalore
Buyers and Investors can understand the current market trends and compare the rates of the different areas in Bangalore. Here, let’s check the top 10 places with their psf prices.
Top 10 Locations Price per sq ft (INR) Koramangala 10,000-16,000 Indiranagar 11,000-18,000 Jayanagar 9000-14,000 Whitefield 6000-10,000 Marathahalli 5500-9000 Sarjapur Road 5500-9500 Bannerghatta Road 6500-10,500 HSR Layout 7000-12,000 Hebbal 5500-9500 BTM Layout 6000-9500 Must Visit: Residential Apartment Projects for Sale in Bangalore
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Hyderabad
Known as the ‘City of Pearls’, Hyderabad has emerged as one of India’s fastest growing metropolises, characterised by impressive population growth and a burgeoning influx of migrants. The city has been prominent in India’s information technology and business landscape, multinational corporations, and startups.
Economic and Technological Hub: Hyderabad’s HITEC City, home to major tech giants, has earned it the moniker ‘Cyberabad’. This robust IT ecosystem has drawn skilled professionals and entrepreneurs, contributing significantly to the city’s rapid development.
Infrastructure Developments: Hyderabad has made substantial investments to improve the quality of life for its residents. The Outer Ring Road, extensive flyovers, and the Hyderabad Metro have transformed the city’s transportation infrastructure, reduced congestion, and enhanced mobility.
Cultural & Recreational Attractions: Hyderabad boasts of a rich cultural heritage and a vibrant arts scene. The city’s historic sites, such as Charminar and Golconda Fort, coexist harmoniously with modern recreational attractions like the Ramoji Film City and the vibrant Banjara Hills area. The city’s culinary scene is also renowned, with its delectable Hyderabadi biryani being a gastronomic delight for residents and visitors alike.
Property Prices in Hyderabad
Top 10 Localities Price Range / sq ft (INR) Tellapur 1190-16,134 Nizampet 272-12,142 Miyapur 1935-14,285 Kondapur 2500-23,148 Kukatpally 1487-86,206 Manikonda 708-13,267 Puppalaguda 2404-12,000 Boduppal 1866-8975 Nagole 1498-11,965 Bachupally 1233-8000 Must Visit: Flats for Sale in Hyderabad
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Pune
One of India’s most rapidly developing cities, Pune has seen remarkable growth and transformation in recent years. With its burgeoning IT and manufacturing sectors, Pune has become a prominent hub for technology and industry. The city’s dynamic business environment has attracted numerous multinational corporations, increasing employment opportunities and economic prosperity.
Urban Development Projects:Pune has witnessed impressive infrastructural advancements, from improved transportation networks to innovative city initiatives. These projects are critical contributors to Pune’s growing urbanisation and connectivity.
Quality of Life: The city offers a balanced system of luxurious amenities and scenic beauty, with lush green spaces and a pleasant climate. A vibrant cultural scene, reputed educational & healthcare institutions, diverse dining options, and historical landmarks make Pune an attractive place to live.
Property Prices in Pune
Top 10 Locales Price per sq ft (INR) Wakad 903-17,587 Hinjewadi 1882-14,414 Kharadi 3182-22,653 Wagholi 2345-13,662 Tathawade 1719-13,929 Hadapsar 2000-56,102 Baner 706-25,822 Ravet 1997-19,953 Bavdhan 3181-17,782 Kothrud 4089-25,000 Must Visit: Flats for Sale in Pune
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Gurgaon / Gurugram
Over the past few decades, Gurgaon has seen an unprecedented surge in establishing multinational corporations, IT companies, and manufacturing units. This city’s business-friendly environment, well-developed infrastructure, and proximity to the national capital have made it a magnet for businesses seeking to expand and thrive.
Real Estate Boom: Gurgaon‘s skyline has been transformed by towering skyscrapers, premium residential complexes, and world-class commercial spaces. This real estate upswing has not only redefined the city’s landscape but has also provided a plethora of housing & investment options for residents & investors alike.
Connectivity to Delhi NCR: Well-planned road networks, Delhi Metro, and Indira Gandhi International Airport have further elevated appeal of Gurgaon. Commuting to the national capital has become easier, fostering economic growth and job opportunities.
Challenges of Rapid Development: Managing the fast-paced urbanisation, infrastructural demands, and environmental concerns are critical issues that need to be addressed. Balancing this rapid growth with sustainable development is a task that the city administration continually grapples with.
Property Prices in Gurgaon
Top 10 Areas Price Per sq ft (INR) Sector 57 1203-11,636 Sector 49 925-18,518 Sector 67 1389-15,450 Sector 47 2222-39,000 Palam Vihar 1970-17,747 Sector 81 2518-12,821 Sector 33 Sohna 640-25,659 Sushant Lok 3333-60,527 DLF Phase 4 7932-18,537 Sector 106 2269-29,954 Must Visit: Flats for Sale in Gurgaon
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Chennai
Known for its diverse industrial sectors, including automotive, technology, and healthcare, Chennai has experienced substantial growth. Its thriving automotive industry has attracted global players, making it the ‘Detroit of South Asia’. The city’s robust IT and software services sectors have further enhanced its economic prowess.
Infrastructure and port developments: The Chennai Port, one of India’s oldest and busiest, has seen modernisation and expansion – facilitating trade & commerce. Construction of Chennai Metro and Chennai-Bengaluru Industrial Corridor have also boosted connectivity and economic activities.
Cultural Heritage & Education: Chennai is home to historical landmarks, and vibrant art & cultural festivals, and the city has preserved its traditional roots. It boasts of prestigious educational institutions, including the Indian Institute of Technology Madras and several renowned universities that nurture talent & research.
Urban planning initiatives: The aim is to maintain a balance between economic growth and sustainable development. The city’s evolving skyline reflects modern architecture and green spaces. However, like many growing cities, Chennai faces challenges in urban sprawl and infrastructure management.
Property Prices in Chennai
Chennai’s real estate market offers various housing options for different budgets, making it an attractive destination for property investors & homeowners. As the city continues its journey of economic growth, infrastructure development, cultural preservation, and urban planning, it solidifies its position as one of the fastest growing cities in India.
Top 10 Localities Price per sq ft (INR) Medavakkam 3009-7967 Ambattur 937-45,045 Iyyappanthangal 3092-12,087 Avadi 2100-6309 Madipakkam 1488-9678 Pallikaranai 777-9230 Tambaram 2027-10,000 Kolathur 1282-9808 Perumbakkam 1250-9043 Selaiyur 2125-9043 Must Visit: Flats for Sale in Chennai
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Ahmedabad
Historically known for its strong industrial base, Ahmedabad has embraced economic diversification, now hosting a thriving blend of manufacturing, information technology, and financial services sectors. The city’s business-friendly policies have encouraged local and international companies to set up operations, contributing significantly to its economic rise.
What’s more, the futuristic GIFT City – India’s first greenfield smart city – is located between Ahmedabad and Gandhinagar, the economic and political capitals of Gujarat. GIFT City has a multi-service SEZ with India’s first International Financial Services Centre, which gives companies smoother access to financial markets across the world.
Infrastructure Development: Ahmedabad’s infrastructure development and innovative city plans have played a major role in its transformation. For instance, the Sabarmati Riverfront Development Project has enhanced the city’s aesthetics and created a sustainable and recreational urban space.
Historical & Cultural Significance: The city is home to important heritage sites such as the Sabarmati Ashram and architectural marvels such as the intricate stepwells of Adalaj. The city’s rich culture is celebrated through numerous festivals and events, making it a vibrant and culturally diverse place to live and work.
Investment opportunities: Coupled with its strategic location and well-developed infrastructure, Ahmedabad’s pro-business environment makes it an attractive destination for investments across various sectors. While the city is India’s first UNESCO World Heritage City, its consistently competitive real estate market provides a range of options for property investors and homeowners.
Read More:
10 Reasons to Invest in GIFT City, Gandhinagar, Gujarat
Flats for Sale in GIFT City, GandhinagarProperty Prices in Ahmedabad
Top 10 Locations Price per sq ft (INR) South Bopal 2176-39,285 Shela 2424-19,821 Gota 4280-29,142 Chandkheda 1449-25,547 Thaltej 2000-39,285 Vastral 2922-15,333 Shantigram 1700-12,500 Vastrapur 1089-43,689 Prahlad Nagar 2380-46,153 Makarba 3023-9000 -
Surat
Surat, often hailed as the ‘Diamond City of India’, has rapidly risen as a powerhouse of economic growth and entrepreneurship. This dynamic city in Gujarat has experienced remarkable economic transformation driven by its thriving diamond & textile industries.
Surat’s diamond trade, encompassing cutting, polishing, and trading, is globally renowned and contributes significantly to India’s gemstone exports. The city is equally famous for its textile manufacturing and trading, providing diverse fabrics to national & international markets.
Urban Transformation Projects: Surat has invested in infrastructure development, modern transportation systems, and beautifying public spaces, making it an attractive and well-connected destination for businesses & residents.
Environmental Initiatives: Measures aimed at curbing pollution and enhancing sustainability have played a vital role in getting Surat on the list of the cleanest cities in India. Its real estate sector has grown consistently, offering investment opportunities and housing choices for its ever-expanding population.
Property Prices in Surat
Top 10 Localities Price per sq ft (INR) Vesu 2000-11,138 Pal Gam 1740-6278 Palanpur 1416-7568 Althan 1260-8181 Palanpur Jakatnaka 1696-16,666 Dahin Nagar 2012-6311 Athwa 4443-10,063 Pal 2571-8499 Piplod 1659-10,000 Jahangir Pura 1044-6500 -
Navi Mumbai – A Planned Satellite City
Often hailed as one of India’s most remarkable urban success stories, Navi Mumbai is a shining example of a planned satellite city burgeoning into a major metropolis. It was established to ease the burgeoning population and congestion of India’s economic capital.
Real Estate & Commercial Growth: Navi Mumbai has grown exponentially over the years, boasting of a booming real estate and commercial sector that rivals some of the country’s largest cities. Its strategic location and extensive infrastructure development have been pivotal in this remarkable transformation. Navi Mumbai has seen a proliferation of residential & commercial spaces, offering its residents a wide array of options.
Infrastructure Development: Modern healthcare facilities, world-class transportation networks, and a burgeoning educational sector have ensured the city offers everything that employees and their families would need to lead a comfortable life.
Liveability & Connectivity: Navi Mumbai is celebrated for its exemplary liveability, characterised by well-planned residential areas, green zones, and a vibrant cultural scene. Its connectivity to Mumbai through robust railway and road networks makes it an ideal place for work and play.
Property Prices in Navi Mumbai
Top 10 Localities in Navi Mumbai Price per sq ft (INR) Ulwe 6712-55,147 Taloja 1600-13,162 Ghansoli 8100-24,242 Panvel 6300-18,713 Nerul 1516-40,789 Sanpada 1545-50,000 Karjat 1506-6792 Greater Khanda 3461-16,393 Seawoods 2307-41,388 Airoli 1000-26,630 -
Indore
An emerging Tier-II city in India, Indore has been making significant strides in urban growth and development. Known as the ‘Mini Mumbai’ of India, Indore has transformed into a bustling urban centre with a robust commercial landscape.
Industrial & Commercial Development: Indore’s strategic location near the middle of the country has played a crucial role in its meteoric rise as a business hub. The city’s industrial zones and commercial sectors have witnessed remarkable growth, attracting investments & businesses from various sectors.
Cleanliness & Sustainability Initiatives: The city’s cleanliness drives, including the famous ‘Swachh Survekshan’ rankings, have propelled it into the limelight as one of the cleanest cities in India. Sustainable initiatives such as waste management programs, renewable energy projects, and green spaces have contributed to its reputation as a forward-thinking, eco-conscious city.
Quality of Life: The city offers a range of recreational & entertainment options, world-class healthcare facilities, and a robust educational system. Its cosmopolitan vibe makes it an attractive destination for professionals & families seeking an enhanced quality of life.
Property Prices in Indore
Top 10 places in Indore Price per sq ft (INR) Rau 777-6857 Nipania 411-10,861 Bhawrasla 253-6585 Mahalakshmi Nagar 2083-6153 Talawali Chanda 1120-7492 Silicon City 1515-4751 Sahara City Homes 2000-10,129 Omex City 1355-6790 Manorama Ganj 2277-65,000 Sudama Nagar 1923-7530 -
Visakhapatnam (Vizag)
Visakhapatnam is rapidly emerging as one of India’s fastest growing cities, owing much of its growth to its status of a bustling port city and industrial hub.
Coastal prowess: Situated on the eastern coast of India, Vizag’s natural deep-water harbour has made it a vital centre of trade and commerce, attracting major industries & conglomerates. With the government’s focus on ‘Make in India’ and ‘Sagarmala’ initiatives, Vizag has become a key player in driving the nation’s economic growth.
Infrastructure Projects & Connectivity: The city’s skyline is a testament to its transformation, with numerous infrastructure projects and connectivity initiatives that have improved the quality of life for its residents. A modern airport, well-planned road networks, and an efficient public transport system have further enhanced Vizag’s appeal as a rapidly evolving urban centre.
Tourism & Scenic Beauty: Boasting of pristine beaches, lush green hills, and a rich cultural heritage, the city is a popular travel destination for those who are fond of adventure trips and tranquil escapes.
Economic Growth Prospects: With its ability to attract investments and infrastructure development, Vizag presents promising economic growth prospects. Its natural beauty makes it a compelling choice for businesses and individuals looking for a place with a high quality of life and economic potential.
Property Prices in Vishakhapatnam (Vizag)
Top 10 Locations in Vizag Price per sq ft (INR) Madhurwada 1251-13,840 Pothinamallayya Palem 407-8186 Yendada 2162-7931 Gajuwaka 645-5757 Duvvada 1904-5000 Seethammadhara 3278-11,721 Pedagantyada 946-5532 Kurmannapalem 1500-4800 MVP Colony 1300-13,000 Maddilapalem 802-10,000
Final Thoughts
The ten fastest growing cities in India offer a glimpse into the nation’s dynamic urban landscape. These urban centres have experienced remarkable growth, driven by industrial and commercial development, infrastructure advancements, and an increased focus on sustainability. Their strategic positioning, economic growth prospects, and commitment to sustainable practices position them as key players in India’s development trajectory.
With attractive opportunities for investors & businesses, the fastest growing cities in India offer a compelling narrative of potential & progress. The journey of these cities is a testament to India’s growth story and the continuous evolution of its urban hubs.
FAQs
1. Which city is the fastest growing city in India?
Bangalore is the fastest growing city in India. According to Oxford Economics, the city is anticipated to emerge as Asia-Pacific region's fastest growing city, directly competing with metropolises such as Tokyo, Hong Kong, and Beijing. Bangalore’s rapid economic growth is directly linked to an increased demand for rental properties in key areas like Outer Ring Road, Marathahalli, Whitefield, Electronic City, and Koramangala.
2. Which is the fastest growing city in India by GDP?
Mumbai is the fastest growing city in India by GDP. Though the financial capital of the country has consistently had the highest GDP among Indian cities, it is essential to check the most recent data to determine if this trend remains unchanged.
3. Which is the fastest growing city in India in 2023?
Bangalore is the fastest growing city in India in 2023. Oxford Economics predicts that it will be the fastest growing city in the Asia-Pacific region, competing with major urban centres like Tokyo, Hong Kong, and Beijing. This significant economic expansion is closely tied to the escalating demand for rental housing in prime districts such as Outer Ring Road, Marathahalli, Whitefield, Electronic City, and Koramangala.
4. Which cities in India are growing in population?
Several cities in India have been growing in population, including Bengaluru, Hyderabad, Pune, Delhi, Chennai, and Ahmedabad. Urbanisation and job opportunities in these cities have been contributing to their population growth.
5. What is the GDP of India's top 5 cities?
The GDP of India's top 5 cities are as follows: • Mumbai: $310 Billion • Delhi: $293.6 Billion • Kolkata: $150 Billion • Bengaluru: $110 Billion • Chennai: $78.6 Billion
6. What is the GDP of the top 10 cities of India?
The GDP of the top 10 cities of India is as follows: • Mumbai: $310 Billion • Delhi: $293.6 Billion • Kolkata: $150 Billion • Bengaluru: $110 Billion • Chennai: $78.6 Billion • Hyderabad: $75.2 Billion • Pune: $69 Billion • Ahmedabad: $68 Billion • Surat: $59.8 Billion • Visakhapatnam: $43.5 Billion
7. Which city has the highest GDP growth rate in the world?
Surat is expected to have the highest GDP growth rate in the world, between 2019 and 2035. Cities in countries with rapidly developing economies – such as India, China, or certain Middle Eastern nations – have been experiencing high GDP growth rates.
8. Which Indian state has the fastest growing economy?
Gujarat has the fastest growing economy in India from FY12 to FY21, as per data published by the RBI. During this period, Gujarat's Gross State Domestic Product (GSDP) at constant prices has seen a notable compounded annual growth rate (CAGR) of 8.2 percent.
