IT/ITES TO FUEL REALTY GROWTH IN ‘08

Demand for office space has traditionally been driven by the IT/ITeS sectors that comprise software development and processing centres. This is expected to be the largest demand driver in 2008 as well. Of the total expected supply of 82.8 million sq.ft.in 2008, IT related developments will garner the largest chunk.

Livemint

Genpact sees no drag, to hire 10,000 again

Global slowdown notwithstanding, Genpact Ltd, a business process outsourcing (BPO) firm, plans to hire as many as it did last year in a bid to maintain its "30% to 35%" growth rate.

Sify.com
http://sify.com/finance/fullstory.php?id=14695172

India Inc moves to smaller cities to cut costs

Corporate India has begun to move towards tier II and tier III cities like Ranchi, Meerut, Udaipur and Patiala to bring down its rising manpower and infrastructure costs in the metros, said Industry body Assocham today.

The Economic Times
http://economictimes.indiatimes.com/News_by_Industry/
India_Inc_moves_to_smaller_cities/articleshow/
3015508.cms