Vikas Rikhye,Realtor and Real Estate Blogger

Gurgaon might lose its grip over the booming I.T. Industry As it is understood from sources that many of the major BPOs are very seriously thinking of an alternative of relocating from Gurgaon to smaller cities mainly due to following reasons:

•  Soaring rate of office space rentals
•  Traffic jams resulting delay in the working of call centre staff.
•  Heavy Transportation cost of staff
•  Expensive living cost for the staff
•  Higher operating cost

Moreover the cost and talent pressures will drive vendors to smaller cities at a faster rate. Especially so or new centers of large companies already present in India. With improving attention to education across India and State governments’ recognizing the potential of the outsourcing sector, companies are finding themselves almost attracted towards fresh location choices. Proximity/connectivity to larger cities and good education infrastructure seem to be guiding the discovery of other destinations like Udaipur, Jaipur , ,Mohali,Pune Bhopal, Vishakhapatnam, Nagpur, Chandigarh, Ahmedabad, Nashik, etc.

The emerging hot spots are also offering:

•  Competitive talent at lower wages than the preferred locations
•  Infrastructure and realty advantages
•  Lower attrition
•  Lower operating costs

Since all the major activities in Gurgaon are focused on I.T. Industry therefore it gives an alarming siren that with the changing trend of relocation  might create adverse effect on booming economy well as the realty in Gurgaon.

Mr Vikas Rikhye,Realtor and Real Estate Blogger

Mushrooming growth of shopping malls in Gurgaon creates a question mark in the mind about the negative future of the shopping malls in Gurgaon.

In NCR Gurgaon was one of few first Towns to witness the modern trend of Retail selling & Multiplex culture.

The excited youth and fashionable shopper found their destination at MGF Metropolitan & DLF City Centre ,While moderate & price conscious found their place in Big Bazar in Sahara Mall . Stylish day today shopping got attraction at Spencers and specialized fashion shopping found its place in Grand Mall.

DT and PVR Cinemas attracted people from all walks of life. While on one side one could see elite & hi fashion crowd at the same time one could also see escalator-shy rural crowd looking dazed at modern shopping glamour. Making it most happening place.These Malls were attracting crowds not only from Delhi & Noida but also from distant rural areas of Haryana.

While all this was happening a very few noticed that on this prominent MG Road only while one Mall project was abandoned by the builder and other three malls(under construction were put on slow speed for the lack of market Demand.

Not only on MG Road, but shirking market trend was also felt on Golf course Road &NH-8Where proposed shopping malls gave a deserted look.

On Sohna Road the scene is no different as beside one operational mall, where more than 50% shops are still to open. ( despite the fact that this mall has been so called operational for more than 15 months ). Yet another Marriage mall stand complete in isolation awaiting to be occupied.

And to my utter surprise I see still about seven more malls under construction under such a bleak future .

Mall fever is not yet over it is spreading to Rewar,Dharuhera Bhewadi and as remote places as Punahna etc