News & Views on Indian Real Estate

Monday, March 24, 2008

Newer IT destinations biting into the Indian real estate space

As we all know one of the key contributors to the Indian real estate growth has been the IT industry.In the last one year, the capital values of the commercial office spaces has increased by up to 40% owing to the increase in the demand from IT / ITES and BPO sector across major metros in India. A recent article in economic times points out a shift in the realty sector from the mature IT markets in the country i.e.Bangalore, Hyderabad and Gurgaon to newer IT destinations such as Kolkata and Chennai.
This trend will surely open up the Indian real estate more democratically in terms of demand and distribution. What’s your take on it?

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