Lucknow sets to become a hot realty hub

Posted on April 12, 2013 by designer

Lucknow is all set to become a hot realty hub. The capital city of UP has been witnessing an appreciable growth.

Lucknow termed a better home and investment destination.

LUCKNOW: Realty booms where there is good infrastructure and connectivity. This is common. This is the same thing what happens in Lucknow now.

The city is growing very fast. If it continues to grow like this, then there is no doubt, the city will become one of the most sought after cities in the country.

However the builders are rushing to the Capital city of UP now to purchase lands for development. Why do they rush? They do have to rush otherwise they are sure of losing a better chance to gain higher returns.

Lucknow, with proposed IT city and international stadium, has become more favorite destinations for both the investors and the end –users. With the launch of IT city more people will be getting jobs in the city. Continue reading →

Office space demand trends, Property consultants differ

Posted on April 12, 2013 by designer

Global property consultants like DTZ, JLL, Cushman & Wakefield, CBRE, etc. are coming up with contrasting reports regarding the office space demand.

Office space demand rises or falls, experts vary.

BANGALORE: A recent report of CB Richard Ellis, a US based property consultant, stated that the office space absorption in India rose by 37%. The rise is on a year-to year basis. In the opinion of CBRE, January 2013 witnessed higher demand.

Meanwhile another American property consultant stated that the office space demand is down by 37%. This report of Cushman & Wakefield was absolutely on the opposite of what the CBRE report.

The reports of Jones Lang Lasalle and DTZ India are also not complementing each other. While JLL speaks of a moderate demand, DTZ speaks of a fall in the demand.

As per the report of JLL, office space demand is more or same. Compared to the first quarter of 2012 the demand is moderate this year. The report of JLL stated that in most of the cities the demand for office space remained moderate.

As per DTZ India the office space absorption is down by 20%. Anshul Jain, CEO at DTZ India, said that only 4.8 million of office space was absorbed this year. This is 20% lower than the 6 million sq. ft. absorption of 2012. Continue reading →

Amity University -RICS Jointly start first realty institute

Posted on April 11, 2013 by designer

To meet the shortage of skilled labors in the real estate sector, Amity University and RICS jointly launched the first realty institute.

In collaboration with RICS, Amity University launches realty institute.

Are you confused over your higher education? Do you find it difficult to select the apt course? If this is the situation for you, the situation is going to be more complicated.

It is useless to stare at the increasing number of courses. Adding to all these courses, Amity University; in collaboration with RICS, has launched a wide range of courses related to real estate sector.

Amity University’s realty institute will offer a vast number of academic degree programs related to real estate. While some of the programs are for two years, there are others for three years.

BBA in Real Estate and Urban Infrastructure is for two years. MBA in Construction Project Management and MBA in Real Estate and Urban Infrastructure will be for two years. RICS School of Built Environment is located at Noida.

RICS School of Built Environment will offer training and management development programs. The new courses are expected to address the shortage of skilled professionals in the construction sector. Continue reading →

Bangalore and Mumbai bag majority of PERE funds

Posted on April 11, 2013 by designer

Private Equity in Real Estate (PERE) is more in Bangalore and Mumbai. Other cities like Chennai and Pune are also favorites for the private equity investors.

The IT projects in Bangalore more popular for PERE investors.

South and West remain favorites for private equity real estate investors. Majority of the Private Equity in Real Estate (PERE) investment is done in the south and west cities of India; especially in Bangalore and Mumbai.

Last year Bangalore, Chennai, Mumbai and Pune together received Rs.27,907 Cr of PERE investment. This amounts to 84% of the total investment.

The reports say that the Delhi-NCR received the third highest PERE Investment. But experts refute this by pointing out that though Jwala Real Estate and Indiabulls Infratech are Delhi registered companies, their projects are in Mumbai. It means that the investment in the National Capital Region remains only on the paper.

Blackstone is the largest PE investor in India. The US-based PE major alone has invested over $600 million in the Indian realty. However the group has so far invested only in the south and west India. Bangalore holds majority of their investments. The group has also invested in Pune and some southern and eastern cities. Continue reading →

Oracle India to lease office space in BKC

Posted on April 11, 2013 by designer

Oracle India Pvt Ltd will lease large office space in the Bandra Kurla Complex. The IT majorhas already signed the agreement.

Oracle India will lease office space in BKC.

MUMBAI: Oracle has signed a lease agreement for its Indian arm Oracle India Pvt Ltd. The IT major has leased large sized office space in the Bandra Kurla Complex in Mumbai. The group will lease 50,000 sq. ft. of office space.

Oracle India will have to pay Rs.340 per sq. ft. for gaining office in the BKC which is one of the most costly office spaces across India and Asia Pacific Region. The lease agreement will be for a term of nine years.

One floor will be fully leased by Oracle India. The transaction worth Rs.183.6 Cr is the largest lease transaction in FIFC. First International Financial Centre (FIFC) is a Grade-A commercial development in BKC.

Continue reading →

McDonald’s to invest Rs.265 Cr for expansion

Posted on April 10, 2013 by designer

McDonald’s India plans of expansion. The largest hamburger fast food restaurants chain of the world will invest around Rs.265 Cr for the purpose.

McDonald’s plans to expand its stores in India.

BANGALORE: McDonald’s is a name well-associated with hamburger and pizzas. The name is very familiar to those who love pizzas and hamburger. Per day, McDonald’s is visited by approximately 68 million customers worldwide. The largest hamburger fast food restaurants chain is present in over 119 countries.

McDonald’s India, the Indian subsidiary of the US based hamburger fast food restaurants, is now pondering over expansion policies. The group plans to have 250 stores in south and west India by March 2015. Currently they are having 162 stores in these regions.

Commenting on the expansion policies, Hardcastle Restaurants’s Vice-chairman Amit Jatia said that the group plans to have 250 stores in these regions. He added that the expansion will be done with an investment of Rs.265 Cr. Hardcastle Restaurants is the operator for McDonald’s in south and west India. Continue reading →

How good are residential plots for investment?

Posted on April 10, 2013 by designer

Buying residential plots for value appreciation in developing areas is a good move. Property investors are now looking at residential plots as better options of investment.

Well connected residential plots offer good returns.

DELHI: When you see an area is growing and the appreciation is improving, surely you can choose residential plots in the area as options of investment. Comparatively the land prices will be lower in remote areas.

For instance if the land prices in the prime location is Rs.10000 per sq. ft., it will be Rs.200 per sq. ft. in the remote areas.

However the nearest hub must be reachable within an hour. Lesser the travelling hours to the city, the higher the appreciation you will get.

Connectivity and infrastructure developments are also to be noted. If the connectivity is poor or the infrastructure is weak, your investment may not bring the desired result.

Closeness to the railway station, metro station, the nearby bus stop/stand, etc. too are to be considered. They also play their roles in determining the prices. Continue reading →

Orissa Govt to develop 5000 affordable homes

Posted on April 10, 2013 by designer

The state government of Orissa plans to develop 5,000 affordable homes in Bhubaneswar. The affordable homes will be developed in collaboration with the private developers.

5000 affordable homes to be built by Orissa Government.

BHUBANESWAR: As Bhubaneswar, the capital of Orissa, is growing very fast, the properties in the city have gone beyond the reach of the middle and lower income classes. They do not find any affordable homes in the city now. Seeing this situation, the state government has decided to develop 5000 affordable homes in the Capital City.

Injeti Srinivas, the state secretary for housing and urban development, said that the government will develop 5000 affordable homes in the city. He added that the plan will be worked with the help of private developers.

Affordable housing projects will be developed at Gothapatna. The government has reserved around 100 acre of land for affordable housing projects. Out of this, around 15 to 20 acres will be provided to the developers. Continue reading →

JLL to Raise Rs.1200 Cr Commercial Realty Fund

Posted on April 9, 2013 by designer

Jones Lang LaSalle is planning to raise a new realty fund. The main focus of JLL’s Rs.1200 Cr realty fund will be commercial sector.

JLL plans to raise Rs.1200 Cr to invest in the commercial realty.

BANGALORE: Late last year Jones Lang LaSalle launched a private equity fund. The PE fund collected Rs.300 Cr. Now JLL is looking forward to raise another realty fund for investing in the commercial realty.

If JLL collected Rs.300 Cr for investing in the residential sector, the new fund, which is four times bigger than the first, will be invested in the commercial realty.

Rs.1200 Cr realty fund is expected to be launched by the 2013-end. Their first fund was invested in Bangalore. JLL invested the amount in two residential projects.

Though the new fund is expected to be invested in the commercial sector, details are not available. Sources with direct knowledge say that the decision is not yet taken as to whether the investment should be domestic or offshore.

While senior executives of JLL could not be contacted for comments, a person with direct knowledge commented that the investment will be in the commercial sector. He added that the real estate consultants are looking for higher returns from their investment and for this commercial realty is better now. Continue reading →

Sanofi India buys 150000 sq. ft. office space in Mumbai

Posted on April 9, 2013 by designer

Sanofi India has bought 150000 sq. ft. of office space in Powai, Mumbai. Once the building is completed, Sanofi India will shift their HQ from Andheri.

Pharmaceutical Major Sanofi India plans to shift its HQ.

MUMBAI: Sanofi India, the Indian subsidiary of French pharmaceutical major, has bought 150000 sq. ft. of office space from L&T Realty. The deal was fixed at a price worth Rs.220 Cr. Rs.220 Cr is, so far, the largest deal in 2013.

The Indian subsidiary of French pharmaceutical major plans to shift its headquarters from Andheri to Powai. Once the building is ready, they will shift.

Sanofi will pay the entire amount in installments. The payment is linked to building construction. The deal was signed a few days ago, two persons with direct knowledge revealed.

The construction of the 10-storey office space project has already been begun. The project is expected to be completed within two to three years. The new building is only a part of L&T Business Park. JP Morgan and L&T Infotech are currently operating in this commercial project. Continue reading →

Green building concept fails in Madhya Pradesh

Posted on April 9, 2013 by designer

The Green building concept absolutely fails in Madhya Pradesh where no building is rated ‘green.’

Green Building concept attracts no builders in Madhya Pradesh.

BHOPAL: The efforts of the Madhya Pradesh government have gone in vain. Despite the incentives provided by the government, real estate developers of the state show no interest in Green building concept. Sadly there is no ‘green’ rated building in Madhya Pradesh.

Demand for green buildings is increasing in cities like Bangalore, Gurgaon, Hyderabad and Mumbai. The builders of these areas are also striving hard to develop green projects.

A green building is that building which conserves all natural resources. It uses less water and energy. Such buildings are highly energy efficient. By reducing the level of waste, they provide healthier living spaces to the occupants. Thus they are entirely different from conventional buildings.

In India there are 352 green buildings. Green Building Council (IGBC) is the authority which rates green buildings. Continue reading →

Office Space Demand to Increase in 2013: DTZ

Posted on April 8, 2013 by designer

Global real estate advisor DTZ reported that this year the demand for office space is likely to increase. Office space demand will be more this year, the report added.

Office space demand to grow this year.

As per the reports of DTZ, nearly 30.5 million sq. ft. of office space will be demanded this year. Comparing to the last year’s office space demand, this year it will be more and far better.

Global economy has started picking up after the downturn. This will boost the office space absorption this year. Additionally other factors such as increase of foreign direct investment (FDI) in the retail sector also will have impact on office space demand of the current year.

Along with the 51% of FDI, the revised repo rates of Reserve Bank of India (RBI) too will boost the demand for office space. The market sentiment has resulted and the economy looks stronger now.

Anshul Jain, DTZ India CEO, said that the fears over the global financial crisis have started fading, resulting in improved market sentiment. Continue reading →

NH 24 widening approved, boon for realty

Posted on April 8, 2013 by designer

Real estate in Noida and Ghaziabad is likely to be boosted as finally the Authority nods for the NH 24 widening.

NH 24 widening will boost realty in Noida and Ghaziabad.

The authorities have approved the plan to widen Delhi-UP link road. This will take the hectic traffic away and will boost the realty in Noida and Ghaziabad. Under the new NH 24 widening plan, the stretch from UP gate to Dasna will be widened.

The proposal to widen the NH 24 stretch came four years back. Since then it has been waiting for the approval of the authority.

The link road, besides taking away the traffic-jams, also will boost the realty in these cities. It will boost the realty market of Noida and Ghaziabad. As part of this project, the UP Gate to Akshardham stretch has already been converted to eight lines.

However, as the road gets closer to Ghaziabad, it becomes more narrowed. The narrow roads are often places of traffic-jams. The commuters find it really hard to reach Ghaziabad due to this higher traffic.

With the decision to widen the entire NH 24, it will be easier to reach Ghaziabad in near future. To maintain the flow of traffic, the Authority plans to construct a few under-passes too. Continue reading →

Thane Building Collapse Shows the Depth of Corruption

Posted on April 8, 2013 by designer

Taking 74 lives, a building collapsed in Thane. Thane building collapse pointed to the depth of corruption existing in the real estate sector.

Thane building collapse raises questions over the corruption level in the realty?

THANE: An illegal building collapsed in Thane. Thane building collapse reveals the level of corruption existing in the real estate sector. Two builders Jamil Qureshi and Salim Shaikh have been detained by the police.

Nine people were accused in the building collapse case and all of them were arrested by the police. They are sent to the police custody for two weeks.

Police officials said that the clearance for the construction was attained through bribery. The civic officials were bribed by the builders.

Though the builders are arrested, it is unlikely for them to be charged murder-case. In fact the building collapse does not attract the murder charge under the state-laws. Continue reading →

Navi Mumbai Airport Delayed, Affects Realty

Posted on April 6, 2013 by designer

Due to the delay in the proposed Navi Mumbai international airport, the realty sector in the area is affected badly. Navi Mumbai witnessed a fall of property prices.

The delay of Airport affects the realty sector of Navi Mumbai.

Property prices in Navi Mumbai were expected to shoot up. The proposed international airport was believed to boost the property prices in the area. However it will be, as the project is delayed, a setback to the realty sector.

Since the proposal of international airport in 2010, the property prices in and around the locality have doubled and tripled. The announcement had an impact on the prices in areas like Kalamboli, Kharghar, Panvel and Ulwe. Prices in all these neighborhood areas shot up highly.

The new airport was proposed to be developed at Navi Mumbai. It, for pure aviation purpose, needs around 1,160 hectares of land. Additionally it needs another 225 hectares of land is required for other purposes.

Out of these 1160 hectares, 291 hectares of land is yet to be attained. Prithviraj Chavan, the Maharashtra chief minister, said in a reply in the parliament. Continue reading →

Home Sales Improve In Mumbai & Bangalore

Posted on April 6, 2013 by designer

Home sales, especially of new launches, improved during the period from January to March. The discounts offered by the builders have improved the sentiments of the buyers.

Bangalore and Mumbai witness improved home sales.

US financial major Merrill Lynch’s report stated that the sales of new launches improved. The real estate developers have offered various discounts to woo the buyers. According to the financial major the discounts do have an impact in the home sales.

New projects are launched at attractive prices. Besides they are offered with discounts. Attractive schemes by the developers do woo buyers and investors. New launches by renowned developers picked up sales during the first quarter of 2013.

Though the sale of new launches improved this year, Gurgaon saw a fall of sales. This slowdown is mainly because the builders have been focusing on completion of their ongoing projects. Besides they also focus on clearing the unsold inventories. Rising property prices also impacted the demand for new launches in Gurgaon.

Merrill Lynch said that there will be price correction in Mumbai in the upcoming years. Property prices in Mumbai have appreciated at 14% over the last decade. Continue reading →

Studio Apartments Witness Surging Demand

Posted on April 6, 2013 by designer

Studio apartments are small but considered as suitable for posh living. As they are available at cheaper rentals, now there is a steady rise in the demand for studio apartments.

Small sized studio apartments are more demanded now.

Can you imagine living in a small home, as small as 350 sq. ft.? Now the increasing demands for studio apartments show that the people can think of living in such small homes.

Studio apartments face a good response from the tier II cities. Though these apartments are small in size, it does provide superior living. One of the most attractive features of studio apartments is that they do not have any wall at all. No wall separates kitchen from bedroom, or kitchen from living room. Only bathroom is separated by a wall.

Lower maintenance charge is another thing which attracts the takers to such small posh apartments. As they are small in sizes it is easier also for maintaining. There is no doubt that without much expense, these can be well-maintained.

Studio apartments receive higher response from almost all tier II cities. The demand is higher in Chandigarh, Coimbatore, Jaipur, Lucknow, Mohali, Nagpur, Surat and so on. Continue reading →

Rajasthan Royals Renews Supertech’s Contract for IPL 2013

Posted on April 1, 2013 by designer

Rajasthan Royals has renewed its contract with Supertech. With this renewal of contract, 2013 will be the third consecutive year of presence for Supertech in the IPL.

Rajasthan Royals to retain its contract with Supertech.

JAIPUR: Supertech will be present in the Pepsi Indian Premier League 2013 with their partnership with Rajasthan Royals. The team has been in association with the real estate developer since 2011.

IPL 2013 will be the third year for the real estate players. Commenting on the contract-extension Supertech Limited’s Director Mohit Arora said that Rajasthan Royals is consistent in its performance in the previous years. “The team,” he added, “has earned a huge fan now.”

While the real estate developer aims to attain further popularity and glamour to the team, the team is seeking a good and reliable financial support.

Rajasthan Royals’ CEO Raghu Iyer said that the team is really happy to extend its relationship with Supertech. He added that the team has benefitted highly from their partnership with the real estate major. Continue reading →

Hindustan Unilever Plans To Monetize Realty Assets

Posted on April 1, 2013 by designer

In 2012, Hindustan Unilever Ltd divested realty assets worth Rs.672 Cr. The company further plans to earn Rs.300 Cr from divesting realty properties by the end of June.

Hindustan Unilever plans to divest its realty assets.

MUMBAI: Hindustan Unilever Ltd is the largest consumer goods firm in India. It produces around three dozens of consumer goods like Bru coffee, Knorr soups, Lipton tea, Lux and many others.

Real estate has never been their core business. However it has fetched them nearly Rs.672 Cr of profit, a value which is higher than all their other profits. Interestingly it is more than the profit of DLF from their real estate business.

During the same period, DLF has earned Rs.596.35 Cr in the form of net profit. The figure shows the net profit of DLF while the consumer producer’s it is the amount which is collected through selling their realty assets.

Though these figures are incomparable, they are mentioned only to make a sense of amount the consumer producer has earned from selling its realty assets.

Hindustan Unilever Ltd is now looking to collect over Rs.300 Cr through divesting its realty properties. The Anglo-Dutch MNC will sell off 55 ultra-luxury apartments. Continue reading →

Indian Property Show in Doha, Opens Tomorrow

Posted on March 28, 2013 by designer

Indian Property Show will be held at La Cigale Hotel from tomorrow onward. Around 5000 genuine buyers are expected to visit the property show.

Indian property show to be held in Doha from 29 March 2013.

DOHA: The NRIs who reside in Doha are looking forward to participating in Indian Property Show which will be conducted at La Cigale Hotel in Doha. Nearly 5000 prospective buyers are expected to visit the show.

Indian Property Show-Doha is believed to be one of the biggest. The show, organized by Sumansa Exhibitions, will have about 200 projects by 50 top Indian developers. The exhibition will showcase properties worth QR10bn.

Inaugural session, scheduled at Al Wajba Ball room at 10. 30 a.m., will be presided by Sanjiv Arora, the Indian Ambassador for Doha.

While meeting the media persons, Sunil Jaiswal, CEO at Sumansa Exhibitions, seemed highly optimistic and confident over the success of this show. He said that the Indian Property Show will attract a good number of buyers. Continue reading →

Golf Courses Woo Top-End Buyers in Mumbai

Posted on March 28, 2013 by designer

Housing sector in Mumbai, it seems, set to be golf – oriented. Along with golf courses, other sports facilities are also becoming must- amenities.

Golf courses do have an impact on the property sale.

MUMBAI: In Mumbai and its neighborhood areas, golf courses are slowly becoming a necessary amenity. This is true especially for the top-end housing projects.

There is a higher demand for housing projects which have golf courses. Seeing this increased demand, the builders are also coming up with such projects. They use golf courses as a means to persuade the buyers to their projects now.

Though Golf courses are considered to be the sign and symbol of luxury now, there are only a few golf courses in Mumbai. Unlike Delhi-NCR, Bangalore or other top cities, the commercial capital lacks golf courses. Though main reason is land scarcity, excessive land price also matters.

Right now there are three 18-hole golf facilities in the city. Two of them are in South Mumbai, while one is at Chembur. Willington Sports Club and United Services Club are the two South Mumbai golf courses. Bombay Presidency Golf Course is located in Chembur. Continue reading →

Rajkot Emerges as a Hot Real Estate Market

Posted on March 28, 2013 by designer

Rajkot is slowly emerging as one of the top real estate markets in Gujarat. The city is now witnessing a consistency in the rise of value appreciation.

Rajkot sees increasing demand for top-end residence and villas.

GUJARAT: After Ahmedabad and Surat, now it has become the turn of Rajkot. Real estate market is picking up very fast in the city, making it one of the top real estate markets in the state.

Property prices have been rising in the city consistently for the last three quarters. With its gates keeping open to the IT and ITeS companies, the city expects to provide more jobs to the people. The demand for housing units will be more.

Rajkot-based Swastik Properties’ Chintan Vohra said that the most preferred housing units in the area is 2 BHK. He adds that those properties which fall between Rs.35 to Rs.50 lakh are also highly demanded.

Neighborhood localities like Kalavad Road, University Road and Yagnik Road are turning hot home destinations. These areas see maximum demand and supply. Continue reading →

Office Space Absorption to Grow By 68% This Year: JLL

Posted on March 28, 2013 by designer

Jones Lang LaSalle India has reported that office space absorption will grow by 68% this year.

Office space absorption in suburbs grows.

Jones Lang LaSalle’s recent survey has reported that in the suburbs the office space absorption will be more this year. The growth of absorption is expected to be by 68%.

In 2012, the office space absorption grew by 60%. This rate is expected to be outperformed. The JLL survey has stated that the companies which plan of expansion will be more concentrating on the suburbs. This will boost office space absorption in the suburbs.

The existing commercial centers are losing its prominence. This will be more visible in the coming five years during which the companies will expand to the suburbs. The expansion is believed to take place within next four to five years.

The survey stated that suburban locations will determine the performance of office market. The companies aim to reduce their cost by shifting to suburban locations. Moreover they will be able to enjoy better facilities and amenities in these areas, however at lower costs. Continue reading →

Investment in township projects reaps better

Posted on March 26, 2013 by designer

Investment in township projects remains better for reaping higher returns. Township projects hold better potentials to grow, providing better returns to the investors.

Investment in township projects are wiser.

Is investment in township projects wiser?

New Delhi: As long as there is no option than to develop new cities around the existing cities, the suburbs and the tier II and tier III cities will remain a better option for property investment.

Population is growing very fast in the urban cities. There is no space in the cities to accommodate the increasing number of population. So the suburbs and the tier II and III cities are the remaining option.

Prakash S Shah, while talking about the investment options, said that areas under the new master plans will be more suitable for investment. Hiranandani Constructions Pvt. Ltd.’s Finance & Business Development Director added that these areas will be more profitable for the investors as the property prices will be comparatively low in these areas.

Mr. Shah opined that residential sector is the best option for investment. This is all the more wise to have investment in some township projects. After a while, there will be commercial developments in the township projects. This will boost the property prices. So the investor can exit with higher returns.

Another important aspect related to the township projects is that the infrastructure development also will take place. As it, infrastructure development, happens, the prices will be further pushed. Moreover to raise the market value of the project, the builder himself will stand for infrastructure development.

New areas are developed around the mega cities. As they are well-planned, there will be better development.

Another best investment options would be pre-launch properties. This is mainly because the payment for these properties is linked with construction status. Additionally there will be more freebies and discounts from the part of the developers. Though these freebies are not so high, some thousands can be saved.

However the investor should access the aspects such as reliability of the developer, location advantages, connectivity features and potential infrastructure development, etc. before having any form of investment. This will make the investment wiser.

Pallavaram Booms, Connectivity to IT Hubs Remains Keen

Posted on March 26, 2013 by designer

Pallavaram in Chennai now witnesses a surge in the property prices. Property prices in the area soar very quickly due to its close connectivity with the IT hubs.

Pallavaram in Chennai booms due to its close proximity to the IT hubs.

CHENNAI: Pallavaram in Chennai is a place of historical importance. The area is more connected with Pallava dynasty. However that is not what concerns the home buyers of the area. They are worried over the surge in property prices.

Due to many reasons, Pallavaram is one of the most popular residential destinations in Chennai. The area is just 17km away from Chennai city. Moreover it is well-connected to the Thoraipakkam and Shollinganallur, two IT hubs.

Due to its close proximity to these IT corridors, the demand for housing units has increased. There is a hike in property prices in equal proportion to the demand.

Living in Pallavaram means living away from the hustles and bustles of the city. The area is 7-10 km away from the IT hubs. And so it is easier for those IT professionals to stay here and work. Continue reading →