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Reverse migration is a term that came originally from birds. However, in this context, Reverse Migration is moving people in a manner that is opposite to expected. For years we\u2019ve seen people go from villages to cities and from cities to metro cities and likewise, in search of better jobs, better living conditions, better facilities, and whatnots. However, in recent years, the opposite of this has been seen. As metropolitan cities are becoming more and more saturated and suffering from population explosion, people are moving towards tier-2 cities that are close to prominent metro cities. For example, people who have their work in Delhi or wish to live in Delhi have been opting for nearby cities like – Noida, Greater Noida, Ghaziabad, Gurgaon, Faridabad, Meerut, and Bhiwadi. Seeing this trend, the government has also started developing nearby areas of metro cities as planned cities. These tier-2 cities have much lesser property prices as compared to the metro cities and provide better living conditions with spacious and planned infrastructure.<\/p>\n
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To say that reverse migration is pandemically fuelled will be wrong as people have been moving to tier-2 cities near metro cities for the last two or more decades. NOIDA(New Okhla Industrial Development Authority) was established in 1976 and the population in Noida had already exceeded the number it was planned for, long before the COVID-19 pandemic hit us. The same goes for Gurgaon, Faridabad, etc.<\/p>\n
However, totally neglecting the role of the pandemic in reverse migration wouldn\u2019t be fair as well. With lockdowns and companies implementing Work From Home, people began moving away from metro cities, to escape overcrowded spaces and falling healthcare. Tier-2 and Tier-3 cities have lesser populations and hence didn\u2019t feel crowded and due to the lesser population, people got more attention in case of any health issues. Around this time, people also began to realize the importance of having a house of their own. Hence began, a wave of real estate investments and house-buyings in tier-2 and tier-3 cities. Post pandemic and lockdowns many companies continued with the WFH model as it turned out to be beneficial for them as well as for their employees. Especially startups are most benefitted by the WFH model. Realizing this, more and more people, especially in the IT working space, began investing in real estate and housing in these cities.<\/p>\n
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The advantages of Reverse Migration are pretty obvious. Let\u2019s look at some of them –<\/p>\n
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1.Lesser Population<\/b><\/b><\/p>\n
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Tier-2 and Tier-3 cities have much lesser populations as compared to the dense and crowded metro cities. Thus, on migrating back to these cities, one feels quite calm and peaceful.<\/p>\n
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2. Lesser Pollution<\/b><\/p>\n
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The lesser the people, the lesser is the pollution. Fewer resources, fewer vehicles, the lesser problem of garbage disposal, etc. translates directly to lesser pollution and better Air Quality.<\/p>\n
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3.New Opportunities<\/b><\/p>\n
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Catching on the Reverse Migration bandwagon, most companies have already begun setting up their offices and stores in tier-2 and tier-3 cities as well. Tier-2 cities like Chandigarh, Jaipur, Pune, Hyderabad, etc. are emerging as popular IT hubs in the country. Be it the companies from the IT space or retail space, everyone is looking forward to these cities, owing to the liberal government policies, growing demand, and cheaper property prices.<\/p>\n
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4.Staying close to Family<\/b><\/p>\n
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Most people living in metro cities leave their family and come to work so as a result, when they move back, they can live with their families and spend more time with them.<\/p>\n
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5.Cheaper Property Rates<\/b><\/p>\n
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Property prices in tier-2 and tier-3 cities are cheaper as compared to metro cities and there a lot of options as well.<\/p>\n
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A major disadvantage can be if your work does not permit you to leave then you probably have to switch jobs if you\u2019ve got to move back to a tier-2 city. Other disadvantages can be –<\/p>\n
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<\/p>\n 1.Tier-2 and Tier-3 cities are still coming up with modern cafes and hangout spots so you might be missing metro cities there.<\/p>\n <\/span><\/p>\n <\/p>\n 2.Infrastructure like shopping malls, theme parks, etc. might be missing in some tier-2 and tier-3 cities.<\/p<\/span>\n <\/p>\n <\/p>\n <\/p>\n This reverse migration is not gonna stop anytime soon. As a result, more and more companies are setting their feet in tier-2 and tier-3 cities as well. With opening offices and bringing a working culture to these cities, these companies are paving way for these cities\u2019 development. And as there is room for infrastructure and industrial development, the reverse migration is bound to continue.<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n Reverse migration is nothing but good news for real estate investors. The trend is not going away anytime soon. Moreover, investment in property in tier-2 and tier-3 cities means lesser capital investment and handsome returns. Identify the cities that are closer to prominent metro cities. These are the best locations to invest at the present. Sooner cities which are further away from metro cities will also gain due importance and be on the road to development but that\u2019s secondary. Primary focus for real estate investors and house buyers should be rapidly developing tier-2 cities liek Jaipur, Bhiwadi, Pune, Navi Mumbai, Virar, etc.<\/p>\n <\/p>\n <\/p>\n Reverse migration somewhere comes at the cost of modernity. If you\u2019re someone who\u2019s attracted to the hustle-bustle of a city, especially the youth, it is something you will not relate to. However, if you\u2019re a person in mid 30s or 40s you probably might have already given a thought to it, and if not, do it today!<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" What is Reverse Migration? Reverse migration is a term that came originally from birds. However, in this context, Reverse Migration is moving people in a manner that is opposite to expected. For years we\u2019ve seen people go from villages to cities and from cities to metro cities and likewise, in search of better jobs, better living conditions, better facilities, and whatnots. However, in recent years, the opposite of this has been seen. As metropolitan cities are becoming more and more saturated and suffering from population explosion, people are moving towards tier-2 cities that are close to prominent…<\/p>\n","protected":false},"author":1,"featured_media":17789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-7647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"acf":[],"yoast_head":"\nFuture Prospects<\/h2>\n
For the Investors<\/h2>\n