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There is no doubt that IT and BPO have been a
key reason for the realty development in a lot of cities. Even today, a lot of
investment in commercial real estate can be attributed to the sectors, which
also render residential realty growth around in a region.
A recent study - conducted jointly by the
National Association of Software and Services Companies (Nasscom) and global
management consulting firm A T Kearney - has identified 10 cities in India that
are good for the IT-BPO industry. Criterion fro ranking were: Knowledge pool
and skill-set availability; infrastructure; social and living environment;
enabling business environment; government support; and operating cost. Let's
take a deeper look in to each of these to see the commercial and residential
growth in each city.
Rank 10: Nagpur
Nagpur is well endowed with land and
connectivity to the city. Next to Mumbai, it is the commercial hub for India.
It has gained the attention of MNC biggies in India. With the IT biggies making
promising investments in the city, here's a list of places to invest in the
city. Marathahalli, Dhantoli, Wardha, Shankar Nagar and Amravati Road, Manish
Nagar have seen extensive residential development with apartment concepts
finally progressing well in the city. The city has not only seen development in
the city areas but has also expanded in the north, east and west.
One of the most talked about projects, the
Airport, is the largest economic development project underway in India. Sky
rocketing prices in the commercial real estate sector is the talk of the town
in the city. Within the city the prices are even higher. Even at this price the
demand has been steadily moving up with absorption around 50-60%. The logistics
park has attracted investment may times over the original investment.
Rank 9: Jaipur
A blend of tradition and modernization,
Jaipur has already gained fame for the big talked about investment in the city
in past years and is already home to Genpact, Infosys among others. There are
attractive residential projects local builders mushrooming in Sirsi Road,
Lajpat Marg, Jaisinghpura, Yash Path, Ajmer Road, C- scheme and many more.
The commercial development has happened in
Govindpura, Kalwar road, Ajmer road etc.
Rank 8: Mohali / Chandigarh
The tricity came in to picture with MNCs like
Dell establishing their centres in the city. One of the most well planned
cities in the country, Chandigarh- Mohali and Panchkula have been hailed as the
IT - BPO destination of the North. DLF, Emaar and many other developers have
invested heavily in the state.
Rank 7: Kolkata
With commercial development in Kolkata, and
areas like Chowringhee road, Park Street and Camac Street, becoming the IT and
ITeS centres, the Kolkata real estate market has sustained momentum
The Govt. Support through SEZs, IT Parks have
also contributed to the growth witnessed by the city today. Locations like
Rajarhat , Mahetsala have everything to match your expectation. Undoubtedly,
this well balanced approach will give a boost to residential property
requirements and adds to the fast paced possibility of commercial development..
Park Street as always will remain the hub and the heart of the city.
Rank 6: Mumbai
There is no elaborating much on Mumbai as one
of the most lucrative destinations for realty in India. However, it is also
plagued by the low supply of land. This has led to a good development of most
of Mumbai Suburbs - from Malad to Kandivli, both residentially and
commercially.
Rank 5: Pune
Currently, Pune property market is one of the
most active regions in Western India. Developers are betting their money on the
expected development in the city. Private property developers as well as local
property builders and civic authorities are flowing in more investments in the
city. The city saw a massive development in the past years post and he city
areas is almost saturated with very little supply in the city area, furthering
development in the suburbs of the city close to Pimpri etc.
Rank 4: Hyderabad
Sprawling city Hyderabad has the advantages
of talent and rich realty development. Again the infrastructure of the city
supports the realty development well. Jubilee hill, Banjara Hills, Ameerpeth,
SR Nagar, Begumpet are some of the most popular residential destination.
Recently Miyapur, Gachibowli, Hitech city have attracted developers from across
the world. Commercially the city has seen a lot of development in the past few
years with the hitech city attracting a lot of companies to the city.
Rank 3: Chennai
The development of the IT industry in the
city is led by the profusion of good talent in the city. Nokia and Dell have
therefore setup their campuses in Sriperumbudur in Chennai.
The city has seen extensive and rich realty
development. Areas for residential investment include Nagar, Mylapore,
Abhiramapuram, Adayar as these places have good proximity to schools, hospitals
and industrial areas. Real Estate is comparatively cheaper and there is
sufficient supply of land.
ome to become the most lucrative destinations
in India. https://advertisementbiz.com/ajmer/real-Estate
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