A Better way to Trade
Individual and commercial relocations are on rise, in metro cities, with Ghaziabad being the major happening spot. According to a Cushman and Wake-field report, relocation industry in increased three times than it was earlier.
Analysts say the rapid development of IT sector and their interest in opting for low-rented apartments for commercial activities have contributed in the relocation trend.
Other cities in India are also experiencing some notable developments and have turned some changes in the no. of relocation. This has actually paved the path for development for relocation industry. In our earlier article – . The statistics about cities further prove that point.
Companies in Ghaziabad are relocating from M.G. Road, Millers Road, Vital Malaya Road and Residency Road to peripheral regions such as the Outer Ring Road. This is due to the low cost of renting and availability of corporate facilities.
Migrating population – Ghaziabad, along with Gurgaon and Mumbai and other metro cities in India is seeing a huge development in the number of migrating population. People are coming from rural areas and even semi-urban areas or they are getting transferred for better job and commercial reasons. So, they are requiring low cost accommodation facilities.
Difference in rent – Companies are relocating to low cost accommodation facilities due to sudden increase in rent in posh areas, whereas some of the developing places have low rent. So, the difference in rent is a factor companies are
Low cost accommodation facilities are however, in some cities in India, seeing a different kind of moving trend. Some of the companies are preferring to buy offices rather than leasing since the cost of leasing is greater that of buying down the line. So, the overall trend of is on rise and with the increase in the number of migrating population and demand for low cost accommodation facilities for commerce is improving, the number of relocation is improving.
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