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Was discussing this with friends yesterday. With increasing internet bandwidth & electricity availability it makes no economic sense for large multinational ITES FIRMS to acquire office plots for 1000's of crores in Tier 1 cities when cheaper infrastructure is available.
I'd say @zoho is but the harbinger of change here that will remake our cities & make then cheaper, less crowded to live in while helping the hinterland grow.
Why would @AmexIndia or @Microsoft invest 1$Bn in a complex in Gurgaon when they can build four for lesser in tier 2 towns
Why would @AmexIndia or @Microsoft invest 1$Bn in a complex in Gurgaon when they can build four for lesser in tier 2 towns
In 15-20 yrs as faster railways & possibly even #hyperloop links our Tier 1&2 cities together having one unitary centre will be counterproductive & essentially loss making for any non manufacturing firm that does not need proximity to raw materials or logistic facilities.
