New growth centres for residential realty

by Paul Joseph on February 10, 2013 · 0 comments

As per the 2011 census, there are 53 urban areas with a population of more than a million each. The manufacturing, trading and services activities in these cities are the major contributors to the Indian economy. The top seven cities of Bangalore, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune play an extremely important role in the country’s economic growth. However, these cities have reached saturation levels and hence many industries are moving to other cities which offer immense potential. These cities offer a number of attractions such as cheaper talent pool, sizeable and cheaper land and real estate options, relatively lower operating costs and conducive business environments created by state

[via India Properties – Real Estate India – Indian Property News Site]

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