As foreign investments in the IT and BPO sector keep flowing to India, there is a fair demand for office spaces which provides an international level of ambience. In Tier I cities like Delhi and Bangalore where developers have been catering to the demands for swanky office spaces the Tier II cities are no less comparable in design and quality.
The cost advantages in the realty sector presently lies with the Tier II cities where the realty prices are less in comparison to the metros due to easy availability of land and the government’s promotion of SEZs as more investors enter the market, the lease trends show an increase by 25% - 30% in Tier I & II cities over the next 3 years.
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