India's satellite cities are witnessing a significant transformation in their commercial real estate landscape
Commercial Real EstateSatellite CitiesInfrastructure DevelopmentTalent AvailabilityCost Of LivingIndiaReal Estate PuneMay 29, 2024
The availability of a skilled talent pool at a relatively lower cost compared to major metropolitan areas infrastructure development and lower cost of living
Cities like Navi Mumbai Pune Gurugram Noida and Hyderabad are emerging as dynamic talent hubs
Navi Mumbai is expected to see robust growth potential as a top choice for IT banking financial services and insurance (BFSI) and global capability centers (GCCs) along with an emerging hub for data centers in India
The lower cost of living in satellite cities translates to lower operational costs for businesses allowing them to offer competitive salaries while maintaining profitability
The growth of satellite cities is solidifying their role in India's economic growth trajectory creating a vibrant commercial real estate market characterized by increased demand for office spaces retail outlets and co-working environments
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