utsourcing is the buzz Panchkula and Baddi in north
word in today's time. India. The real estate in these
Companies are coming a big is shooting up and if we look the
way in outsourcing but the point property trend for the past 1
to be noted here is to choose the year then we will find that real
right place for that. There are estate value has shown huge
few factors which influence the increase. Real estate is a big
decisions of the companies. influencer for any company to do
Firstly they look for the labor outsourcing. Real estate is
condition in that area. Every evaluated in terms of structure
company wants cheap but efficient and availability. As off shoring
labour.India has become a grow to higher back office
favorite destination for the functions so cost becomes the
MNC's mainly because we offer most important factor in deciding
them cheap and very efficient for the location.
labour.Then these business giants
look for the skilled Factors influencing the decision
professional. But the underlying of offshore locations are based
factor is the real estate. This on three scenarios:
is becoming the biggest concern
for the outsourcing companies as • Price driven
they have to build their offices • Quality driven
for which they need reasonably • Market trends
priced real estate. Earlier Delhi
topped the chart but now these The city which tops the list
biggies are expanding their reach globally in terms of price is
to other parts of India. The list India and Philippines in Asia,
has the names like Bangalore, central and Eastern Europe,
Hyderabad, Gurgaon and the new Central part of America. In terms
entries are Chandigarh, Mohali, of quality the city which tops
the chart in India is Delhi and shoring decisions. It's been
next is Bangalore. Study says found as a very big offshore
that the major driving force for driver. Investment in a foreign
BPO's is the easy access to real estate for off shoring is
plentiful and qualified workforce cheaper. So off shoring in
as they deal in technical areas. foreign land are becoming so
Now the shift is towards North common and its going very fast
India especially Chandigarh, too. Real Estate business has a
Mohali and Panchkula.Market great future as it seems.
trends also influence the off
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