BPOs feel realty pinch in smaller cities
India Inc, especially the BPO sector, looks at them as the 'next destination cities'. With sky rocketing property prices, non-availability of good office spaces on rent, and high attrition rates, Tier I cities like Mumbai, Bangalore and Delhi are fast becoming too expensive for many BPO firms. A reason why Tier II-III cities like Pune, Ahmedabad, Nagpur, are coming up as alternative destinations. However, some BPOs say, the move to Tier II cities may not be a great idea after all, since property prices are not very cheap or not what they expected them to be. Real estate may be booming, but prices sky rocketing as well at times quite close to Delhi and Bangalore rates. What's more, getting good middle management talent too is a problem in these cities.
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