The industry has always fascinated me with the uncertainties it comes with. Every client is like a brand-new day overlooking you with new experiences!
India being the epicentre of globalisation and with a lot of foreign investments entering India, there are more and more people moving to India with new assignments and new beginnings.
Following are the trends that we have observed lately.
- Bengaluru, our own Silicon Valley is now home to a lot of start-up’s who have been on a hiring spree for both within India and overseas. There are massive German companies too that are moving their expats to Bangalore. Once upon a time, we used to have an ad hoc move to Bengaluru, as it was known as the retirement city but today, this is where the heart of relocation lies. A lot of opportunities have attracted crowds which has also let the real estate booming and traffic congestions.
- Pune is the second most attractive city. A lot of corporates are now setting up their Head Office in Pune and not Mumbai so we have been able to see a lot of bulk moves along with lock stock and barrel. MNC also find Pune to be a suitable option with respect to climate, cost effectiveness and manpower skills.
- New home for Japanese expats – India is slowly becoming a very important market for Japanese considering the make in India program. They are setting up huge SEZ ‘s for their MNC ‘s and hence moving a lot of people to not just metro cities but to smaller cities as well.
- A lot of people are now moving to Tier 2 cities from Metros because of cost, pollution, traffic and quality of life is said to be better. We have seen a huge shift from Tier 1 location to Tier 2, and with such opportunities corporates are also looking to set up offices in regions where they never explored.
- The biggest market for overseas relocation remains USA. Most of the people moving out of India still prefer USA as a destination of opportunities. Also, most of the corporates are based out of USA, and people return after assignments are over. India – USA remains an important business lane for the moving Industry.
