CBRE Projects 4-5 Lakh Job Opportunities In Big Cities In 2yrs

Bangalore, Delhi-NCR and the Mumbai Metropolitan Region (MMR) are slated to account for nearly 75% of this planned office space supply.
"With major corporate decision makers across Europe having indicated an increased appetite for global expansion into Indian markets, this expansion of modern, investment-grade office stock in the main cities of India will go a long way in meeting upcoming opportunities," Magazine said.
According to CBRE's European Occupier Survey 2013-2014, nearly 50% of corporate occupiers, responding to the survey, named India (double the figure from 2012-13 at 24%) as their destination of choice, beating China as a preferred destination (42% in 2013-14, down from 60% in 2012-13).
The major reasons behind such positive sentiments would appear to be rapid population growth and gradually recovering economic prospects, coupled with increasing transparency and improving infrastructure. These factors seem to be removing many of the traditional barriers to entry into Indian markets.
"The opportunities presented by economic growth in India may now be sufficient to overcome some of the longstanding barriers - governance, infrastructure, bureaucracy, and lack of transparency - that have inhibited inward investment," he added.
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