Real Estate Business
Due to the establishment of IT industries the local land rates have grown extremely high. IT employees who come from various parts of India usually prefer rented houses particularly near to their offices in electronic city. They are usually choice-less to stay else where in the city because of heavy traffic. The rental prices for houses have become a great matter of concern for many people particular to IT employees. House lords tend to quote extremely high price of rent for his tenant if he is found to be working in an IT company just because of the common assumption that an IT guy earns very much. Rental rates doubling every quarter, government agencies having no check on the house owners by law, every resident of electronic city who stays on rent is facing financial crises.
Read more about this topic: Electronics City
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