Emerging Indian Cities Outpace Top Metros in Housing Growth

A report says home prices have risen faster in 11 growing Indian markets than in the country's eight biggest cities.

These markets include places such as Jaipur, Kochi and Coimbatore.

Pujit Aggarwal says investors should look at what makes people live and work in a city, not just its city category.

He points to jobs, infrastructure and local businesses as important factors.

The report also says the government is spending a larger share of its capital budget on infrastructure.

It expects cities beyond the biggest eight to grow faster in population.

Smaller markets are also attracting warehousing and shopping centers.

Aggarwal says a lasting real estate cycle is more likely when jobs, infrastructure and household demand grow together.