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Real Estate Magnetize Offshore Outsourcing
from: Jack ParkerOutsourcing is the buzz word in today's time. Companies are
coming a big way in outsourcing but the point to be noted here
is to choose the right place for that. There are few factors
which influence the decisions of the companies. Firstly they
look for the labor condition in that area. Every company wants
cheap but efficient labour.India has become a favorite
destination for the MNC's mainly because we offer them cheap and
very efficient labour.Then these business giants look for the
skilled professional. But the underlying factor is the real
estate. This is becoming the biggest concern for the outsourcing
companies as they have to build their offices for which they
need reasonably priced real estate. Earlier Delhi topped the
chart but now these biggies are expanding their reach to other
parts of India. The list has the names like Bangalore,
Hyderabad, Gurgaon and the new entries are Chandigarh, Mohali,
Panchkula and Baddi in north India. The real estate in these is
shooting up and if we look the property trend for the past 1
year then we will find that real estate value has shown huge
increase. Real estate is a big influencer for any company to do
outsourcing. Real estate is evaluated in terms of structure and
availability. As off shoring grow to higher back office
functions so cost becomes the most important factor in deciding
for the location.
Factors influencing the decision of offshore locations are
based on three scenarios:
* Price driven
* Quality driven
* Market trends
The city which tops the list globally in terms of price is
India and Philippines in Asia, central and Eastern Europe,
Central part of America. In terms of quality the city which tops
the chart in India is Delhi and next is Bangalore. Study says
that the major driving force for BPO's is the easy access to
plentiful and qualified workforce as they deal in technical
areas. Now the shift is towards North India especially
Chandigarh, Mohali and Panchkula.Market trends also influence
the off shoring decisions. It's been found as a very big
offshore driver. Investment in a foreign real estate for off
shoring is cheaper. So off shoring in foreign land are becoming
so common and its going very fast too. Real Estate business has
a great future as it seems.
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