Unless industry, government, and the local body work together to evolve a broad framework of infrastructure development in Tier II and Tier III towns,

they will run into problems before long.

Warns Mr. V. Jayanth in 'The Hindu' and emphasizes on the physical and social infrastructure.

The National Association of Software and Service Companies (Nasscom) has identified Chandigarh, Pune, Visakhapatnam, Vijayawada, Mangalore, Mysore, Kochi, Coimbatore, Madurai, and Tiruchi, all second tier cities and towns, where development must take place.

Expectations of the industry and the investor :

Going beyond the listing in "The FICCI-Ernst and Young Indian Real Estate Report" concerned people expressed their views. Mr. V Jayanth says, "In general terms, they want better physical and social infrastructure."

A senior official of the Federation of Indian Chambers of Commerce and Industry (FICCI) said, "Some industries and sectors have tried the SEZ type of development, but there appears to be a mixed response. Employees and their families do not want to be out of a town or thrown into a closed gated community. Though they welcome residential colonies, they still prefer to be an integral part of a town or society — not to live by themselves. They do not want to see the same faces day in and day out."

Yes, that's why in Pune, people are happy to pay even Rs. 4,000 to 5,ooo per sq.ft. in a single stand alone building project in Kothrud. Because they know here they can enjoy all the benefits of living in Pune which they will not get in a big integrated township in Hadapsar or Kharadi.

Cognizant’s Managing Director and President R. Chandrasekaran said,"Availability of ‘A’ category commercial real estate space, preferably with SEZ notification, good roads, airport with good connectivity, and good hotels, is important. Even if one or more of these may not exist initially, visible efforts to develop them in parallel become important. Otherwise, the initial enthusiasm will die down and companies may not grow in these locations.”

Kolhapur should take Mr. Chandrasekaran very seriously and not let the enthusiasm die and realize their long awaited 'dream' of becoming an IT town. After all planning and its implementation hold the key. Yes, not only planning, planning and "implementation" hold the key. Otherwise, it becomes a never ending story of a Ring Road in Pune.

real estate Indian real estate Chandigarh real estate Pune real estate Visakhapatnam real estate Vijayawada real estate Mangalore real estate Mysore real estate Kochi real estate Coimbatore real estate Madurai real estate Kolhapur real estate The National Association of Software and Service Companies (Nasscom) Federation of Indian Chambers of Commerce and Industry (FICCI) Tiruchi real estate SEZ Cognizant welworth group, Pune Hadapsar, Pune Kharadi, Pune Kothrud, Pune The FICCI-Ernst and Young Indian Real Estate Report V Jayanth, The Hindu ravi karandeekar infrastructure development Tier II and Tier III Indian cities