http://indiarealestatelink.com/property-news/switching-to-tier-ii-tier-iii-cities-a-good-option-for-real-estate/ Your Link To India Properties Tue, 26 May 2009 06:28:54 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://indiarealestatelink.com/property-news/switching-to-tier-ii-tier-iii-cities-a-good-option-for-real-estate/comment-page-1/#comment-284 Vikas Bamotra Thu, 17 Jul 2008 09:44:17 +0000 http://indiarealestatelink.com/property-news/switching-to-tier-ii-tier-iii-cities-a-good-option-for-real-estate/#comment-284 In the old India (pre 1997), there were hardly enough jobs to keep its people employed in Tier I cities. Therefore,Tier II and Tier III cities did not develop as alternatives to Tier I. However, in the last 5 years, many Tier II cities have gotten an impetus primarily due to IT/ITES companies relocating to cheaper locations in search of competitive RE and a less mercenary workforce eg. Pune, Mysore, Gurgaon, Chandigarh, Indore, Jaipur, etc. In the old India (pre 1997), there were hardly enough jobs to keep its people employed in Tier I cities. Therefore,Tier II and Tier III cities did not develop as alternatives to Tier I. However, in the last 5 years, many Tier II cities have gotten an impetus primarily due to IT/ITES companies relocating to cheaper locations in search of competitive RE and a less mercenary workforce eg. Pune, Mysore, Gurgaon, Chandigarh, Indore, Jaipur, etc.

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