The question of where to locate in India is a complex one and no single city emerges as suitable for all activities or all companies.Widespread economic activity and rampant urbanisation has led to the transformation of smaller towns and cities into vibrant growth centres.Tier III cities currently provide cost advantages of 15%-30% over Tier I and II cities through lower labour and real estate costs and reduced staff attrition rates and this gap is expected to widen further. Of the five leading Tier III cities identified in our research, Kolkata and Chandigarh are best positioned to mature into major centres over the next five years.Ahmedabad and Chandigarh provide the highest cost advantage amongst the subject Tier III cities and are therefore likely to attract occupiers that place a high weight on the cost factor.
Last edited by totallyproperty; 26-03-2008 at 07:43 AM.
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