Infotech slowdown bites real estate hard

Real estate firms are beginning to feel the heat of the slowdown in IT/ITeS sectors. Leading IT companies are saying that lease of office space to software and BPO firms have fallen by over 30%. The trend is particularly bound to affect firms like DLF and Unitech which are building several software SEZs (special economic zones) across the country.

Infotech slowdown bites real estate hard-India Business-Business-The Times of India