THE ₹1 CRORE MIGRATION | Realty Files e-Magazine June 2026
Cover Story Why India’s Wealthy Are Quietly Leaving Metros for Tier-2 Luxury Cities Aakash Setalvad Cities like Surat, Indore, Ahmedabad, Jaipur, Lucknow, Coimbatore, and Chandigarh are witnessing an unprecedented surge in premium housing demand. Developers who once ignored these markets are now launching branded residences, golf-view villas, wellness communities, and ultra-luxury penthouses designed specifically for affluent buyers. The reason is simple: India’s definition of luxury has changed. Earlier, luxury meant location. Today, luxury means quality of life. A corporate founder in Mumbai spending three hours in traffic daily now dreams of a villa in Ahmedabad with a private garden and air quality that doesn’t require purification machines. A startup entrepreneur in Bengaluru is discovering that a ₹5 crore apartment there can buy an estate-style home in Jaipur with twice the space and significantly better lifestyle value. For decades, India’s wealth map revolved around a fa...
