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Many key Indian metros are enjoying an unparalleled boom in property and many reasons have been put forward for the same. A quick look at these metros and cities shows a common factor. All these cities are major centers for business process outsourcing industry in India.
There is no argument that the dramatic rise in offshore outsourcing industry over the past decade in the country has greatly enhanced its overall economic strength. The major players in this offshore activity are widely dispersed geographically. Kochi and Thiruvananthapuram are the BPO cities who have greatly benefited in Kerala.
With the offshore processing industry expected to grow steadily in the future, it can be safely assumed that the property appreciation is also likely to continue for some more years to come. The BPO industry is one of the biggest employers and the best paying in the country. The professionals requiring living space in the BPO metros are also high.
Kochi apartment builders are having a hay day with the increase in demand for their projects. There is great demand for all types of apartments and flats in Kochi. The cash rich IT professionals often opt for multiple flats for investment purpose. This is true in the case of other professionals too. In addition to these there are the non-resident Keralites. They buy apartments as holiday homes or as investments
There is no argument that the dramatic rise in offshore outsourcing industry over the past decade in the country has greatly enhanced its overall economic strength. The major players in this offshore activity are widely dispersed geographically. Kochi and Thiruvananthapuram are the BPO cities who have greatly benefited in Kerala.
With the offshore processing industry expected to grow steadily in the future, it can be safely assumed that the property appreciation is also likely to continue for some more years to come. The BPO industry is one of the biggest employers and the best paying in the country. The professionals requiring living space in the BPO metros are also high.
Kochi apartment builders are having a hay day with the increase in demand for their projects. There is great demand for all types of apartments and flats in Kochi. The cash rich IT professionals often opt for multiple flats for investment purpose. This is true in the case of other professionals too. In addition to these there are the non-resident Keralites. They buy apartments as holiday homes or as investments