Boom In Corporate Real Estate in India

Renowned Management Guru

Swift growth and strong demand, backed by a strong economy, is fuelling the boom in corporate real estate in India today. However, along with the euphoria, several bold moves are required to take the industry to greater heights – according to Mr. Dayananda Reddy, Chairman of Bharath Infraa Tech Pvt. Ltd. and the President of Karnataka Land and Developers Association. He said that Bangalore is the best bet for the development since the city is now an IT and BPO hub.

In a recent survey, it has been revealed that the best bet for a city that ranks fairly well on all three counts – living, working investing – is Bangalore. It ranks amongst the top cities to reside in and the second best to earn. The leading IT industries and blue-chip companies are gearing up to make Bangalore their base. In fact, Congress President, Mrs. Sonia Gandhi, in her recent visit, expressed that Bangalore’s progress is on top of her agenda. Mr. Dayananda Reddy expressed his solidarity for the development in the state of Karnataka, which was considered a positive step towards the development of the Karnataka state.

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Source : IIPM Editorial, 2007

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