Unprecedented boom in real estate

[Stander51]

The unprecedented boom in real estate in key Indian metros is primarily due to the rapid growth of the business process outsourcing business in India. The meteoric rise in offshore outsourcing industry over the past years in the country has greatly contributed to its overall economic strength.

The geographically dispersed offshoring market in major metros like Delhi, Bangalore, and smaller ones like Kochi, and Thiruvanathapuram are moving up the value chain. Consequently, the real estate in these places is also moving rapidly up the value chain.

With the trend in offshoring, activities to overseas expected to grow steadily in the future, with particular emphasis on India the real estate in the country can safely expect to experience the current upward trend for a long time.

India is expected to continue to attract offshore BPO business in large quantities. BPO businesses require large corporate spaces in addition to residence quarters for the huge number of staff.

In Kochi, the current BPO business is expected to continue to increase a lot more. The corporate real estate impact is already enormous and is expected to drive the Real estate Kochi prices to all time high in the short future.

The demand for office space and living space would be focused around the areas of these BPO centers.