Bengaluru's rental market cools significantly with 3BHK apartments seeing 25-30% rate cuts from ₹75,000 to ₹35,000-₹55,000 due to economic uncertainty and hybrid work trends.
Kozhikode's Cyber Park's ongoing expansion has triggered a 30% rise in office space absorption, driven by IT/ITES sector growth, positioning it as emerging tech hub with enhanced infrastructure and employment opportunities.
Knight Frank India's report forecasts a stable year for India's real estate sector in 2022, with a 5% rise in housing prices and growing demand for office space.
Bangalore surpasses Mumbai as India's most expensive city, according to RBI's CPI. High living costs attributed to the IT industry and inflated prices of essential goods.
Bangalore's real estate market regains momentum with Sobha and Prestige leading in sales and investor interest, reflecting the city's strength in the sector.
Pune's real estate market has attracted significant private equity investment, primarily in the residential sector, driven by the city's IT industry growth and proximity to Mumbai.
The Satyam scandal may negatively impact India’s real estate sector, with significant concerns centered on commercial and residential space vacancies amid IT industry challenges.
This article examines the feasibility for IT and ITES companies to establish operations in Tier 2 and Tier 3 cities, weighing the pros and cons of such a move.