The IT and ITeS sector has put India on the global map. While Bangalore continues to be the undisputed leader of the IT growth story in India, many other cities such as Chennai, Hyderabad, Pune and Delhi NCR have also established themselves as IT centres. We have compiled a list of the top 20 IT hubs in India that have spurred real estate growth in their neighbouring areas.
The consistent growth of IT/ITeS sector has put
India on the global map.
Realising the immense potential that the sector
holds, Central and State government agencies have
continuously handed out sops and incentives for its
promotion, which has resulted in the formation
and proliferation of IT hubs across the country.
While Bangalore continues to be the undisputed
leader of the IT growth story in India, other cities
such as Chennai, Hyderabad, Pune and Delhi NCR
have also emerged and established themselves as
Indian Cities with Major IT Hubs
Touted as India’s Silicon Valley, Bangalore leads the pack of IT hubs in India. Pleasant climate, an international airport and
abundance of local talent has turned Bangalore into a prominent IT destination. The IT revolution well and truly began in
Bangalore and many Indian cities have now emulated its successful model.
International Tech Park
Whitefield in Bangalore is one the country’s foremost IT destinations. The
growth story of this sleepy hamlet was scripted in the early 2000s.
It is now home to several IT establishments such as International
Tech Park, Brigade Tech Park hosting the biggest IT companies
from all over the world.
The presence of sound social and developing physical
infrastructure has fostered the image of Whitefield and led to
the growth of real estate in Whitefield and around the area.
The area boasts of prominent developers that offer mid-range
to luxury residential projects.
The phenomenal growth of Whitefield hasn’t come without some
pit falls. With several hundred industries, malls, schools and
residential complexes jostling for space in this IT hub, pollution
and traffic snarls have become a concern.
However, the extension of Namma Metro in its second phase and
improving infrastructure is expected to ease the traffic situation
Electronics City is another major
IT hub of Bangalore and its
foundation was laid way back in
the 70s. Located 20 km from the
city centre, the 332-acre
Electronics City is one of the
largest industrial parks in the
country housing global majors,
multinationals companies and
iconic firms like Infosys and
Over one lakh people are said to
be directly employed in the
Electronics City, which accounts
for a large percentage of the
country’s software and
hardware exports. With a large
workforce employed in the area,
a healthy mix of affordable, mid-
segment and luxury properties
have been developed by a
The traffic problems around the
area were partly resolved in
January 2010 with the opening
of the four-lane mixed corridor
elevated highway from Silk
Board Junction to Electronics
Recently, Infosys has proposed a
significant expansion of its
operations adding about 21,500
seats at the Electronics City hub
where it owns an 80-acre
Sarjapur – Marathahalli Outer Ring Road
E Prestige Tech Park
The Outer Ring Road (ORR) has been a game changer for Bangalore
by connecting different parts of the city in a seamless manner.
The Sarjapur-Marathahalli stretch on the ORR has
emerged as a major IT hub and is home to several well-
known IT companies.
ORR being a predominant IT growth corridor is
preferred by corporate for its accessibility to employee
residential catchments and its connectivity to the
various SEZ s and IT parks along this stretch.
Several factors such as easy connectivity, availability of
land and government subsidies and initiatives have led to
the growth of this stretch as a prominent IT hub and real
The ORR accounts for a large percentage of the total office space
absorption in Bangalore and this in turn has led to a spike for
residential properties along this stretch.
Also known as Cyberabad, the city has grown into a major IT destination due to its sound infrastructure and proactive
government policies and support. The city has witnessed a steady growth of the IT sector over the last decade with HITEC City
and Gachibowli emerging as major IT hubs.
Hyderabad Information Technology and Engineering Consultancy City,
abbreviated as HITEC City, is a major technology centre of Hyderabad.
Spread across 151 acres, the project in Hitec City was initially
commissioned with L&T ECC and was named L&T Infocity. The
project has been developed by Larsen & Toubro Ltd. through its
Special Purpose Vehicle, L&T Hitec City Ltd, a joint venture company
of L&T Infocity and Andhra Pradesh Industrial Infrastructure
HITEC City comprises of IT parks such as L&T Infocity, Vanenburg IT
Park, Mindspace, Cyberabad SEZ, DLF IT SEZ, TCS Synergy Park and
built-to-suit campuses of several major technology companies.
The area is counted among the most lucrative and well-established
commercial zones in Hyderabad. With maximum office absorption supply in
this zone, the neighbouring areas have seen a steady growth of residential
Infosys Campus, Gachibowli
Gachibowli is a major IT suburb of
Hyderabad located in the north-
west part of the city. It has grown
into a prominent software hub for
companies operating from
Hyderabad and is home to leading
names such as Microsoft,
Amazon, Deloitte, Accenture, TCS,
Wipro and Infosys.
In a recent development, Google
Inc has announced that it will
build its biggest campus outside
the US in Gachibowli at an
investment of Rs. 1,000 crore. The
2 million sq. ft. facility will be the
internet behemoth’s first
company-owned campus in Asia
and will house 13,000 employees
when it is ready in 2019.
The presence of another three
major projects in Gachibowli and
around Gachibowli, are expected
to give real estate a major
impetus. These include the
backup headquarters of Bombay
Stock Exchange, the 100-storey
business centre of Reliance
Infrastructure and the permanent
office building of the Insurance
Regulatory and Development
Traditionally regarded as a manufacturing hub, Chennai has recently emerged as the second largest exporter of software after
Bangalore. It is home to the largest operations of India’s top software company Tata Consultancy Services (TCS) and is also host
to other IT majors such as Infosys, Wipro, CTS and Patni.
Perungudi is a suburb of Chennai located about 10
kilometres from the town centre of Adyar.
It falls on the prominent IT corridor of Old
Mahabalipuram Road (OMR) and has emerged as
an important micro market.
Once a small village, Perungudi has scripted a
successful growth story of a major IT hub over
the last decade and is now home to major IT
companies. Currently more than 50 IT
companies are based out of Perungudi with
several others planning to set up shop.
The growth of social infrastructure along the OMR
with the availability of schools, hospitals, shopping
malls and entertainment centres have fostered the
growth of real estate in and around Perungudi.
In a recent development, a major land deal which could
fetch Rs 550 crore, is under way at Perungudi. The 15.86
acres of freehold land that belongs to Kansai Nerolac Paints
is expected to garner Rs 1.5 crore per ground thereby
creating ripples in the real estate market in Perungudi.
I SIPCOT IT Park
Siruseri is a south-eastern suburb of Chennai located 25
kms from the city along the OMR. Along with Perungudi,
it is counted as a major IT hub of Chennai and marks the
end of the IT corridor along the OMR.
It is home to SIPCOT IT Park, a major technology
park located in the cyber corridor of Chennai.
Tata Consultancy Services (TCS), has established
its largest corporate office in SIPCOT IT Park
thereby putting Siruseri on the global map.
The areas around Siruseri have witnessed
tremendous real estate growth over the last
few years. Srinivasa Nagar has emerged as
prominent housing complex in the area with
many NRIs as property owners.
Other factors such as the opening of prominent
educational institutions have also led to the growth of
The success story of Pune has been similar to that of Bangalore with salubrious climate, local talent and presence of educational
institutes leading to its growth as a prominent IT centre. Within Pune, two micro markets of Hinjewadi and Kharadi have
emerged as major IT hubs.
Rajiv Gandhi Infotech Park
Hinjewadi is located on the western fringes of Pune and has
emerged as one of the biggest IT hubs in the city.
Originally a small village, it is now the located of a
prominent IT park known as Rajiv Gandhi Infotech Park
housing major IT companies such as Emcure, Henkel
The Rajiv Gandhi Infotech Park has been the game
changer for Hinjewadi.
The influx of prominent IT companies have generated
employment for thousands of IT professionals and also
spawned the growth of residential real estate in
Hinjewadi and around Hinjewadi.
The area offers a mix of residential properties ranging from
budget to high end homes. The recent development of social
infrastructure in the form of malls and entertainment centres
has further cemented Hinjewadi’s image as a real estate and IT
EON Free Zone SEZ
Located along the eastern
corridor of Pune, Kharadi has
also emerged as a major IT
hub. The rapid growth of
Kharadi into an IT destination
can be attributed to the
presence of the EON Free
Zone SEZ, commercial and
residential projects and its
proximity to both Pune airport
and Pune railway station.
Kharadi is also in close
proximity to established
localities such as Hadapsar,
Magarpatta City, Viman Nagar,
Chandar Nagar and Koregaon
In a recent survey, industry
body NASSCOM has singled
out the area of Kharadi as one
of the fastest growing IT
destinations in the country.
The area already boasts of two
major IT SEZs with many more
IT parks in the pipeline.
The presence of luxury hotels
and shopping malls in Kharadi
has also bolstered its image as
a prime residential destination
Cyber City, Gurgaon
The Delhi National Capital Region (NCR) is regarded as the largest urban agglomeration and one of the fastest growing cities in
the country. Over the last decade, the satellite towns of Gurgaon and Noida have grown into prominence and have turned into
viable options to the burgeoning need for housing in Delhi NCR. The growth of the IT industry has been a major catalyst of
growth for both Gurgaon and Noida with Cyber City and Noida-Greater Noida Expressway emerging as strong micro markets.
DLF Cyber City
Once an economic wasteland, the satellite town of Gurgaon is today regarded as the
Millennium City. With its shiny buildings and vibrant economy, Gurgaon is projected
as the symbol for the new rising India.
Today, Gurgaon is one of the India’s fastest growing districts, having
expanded more than 70 per cent over the last one decade and is now home
to over a million people.
At the heart of Gurgaon’s development is Cyber City developed by the
nation’s top-listed developer, DLF. It is known to be one of the
country’s largest integrated business districts housing some of the
biggest names from the world of IT.
Cyber City has emerged as a preferred working destination due to its
superior connectivity via Rapid Metro which connects six Cyber City
buildings by six operational stations.
The complex also boasts of Cyber Hub, an integrated food and
entertainment destination that has gained popularity with the local
With this well-rounded development around Cyber City, the realty market in
neighbouring areas of Gurgaon has now crystallized into a favourable one for end
users and investors alike.
Noida – Gr. Noida Expressway
Advant Navis Business Park
With the fast-paced development of infrastructure in Noida and its vicinity, real estate growth
has picked up over the last few years.
Upcoming major projects like the Export Promotion Zones and Taj Economic Zone
along the Yamuna Expressway are likely to give further impetus to economic
development in the area, thereby also boosting real estate.
The stretch of Noida-Greater Noida Expressway has emerged as a major IT
destination with many prominent companies setting up shop here. Rental
affordability in this area compared to other micro markets such as Gurgaon and other
parts of Noida have been the clinching factor for the growth of IT sector.
The area also enjoys easy access to Delhi via the Delhi-Noida Direct (DND) Flyway and to
Greater Noida and the Yamuna Expressway. The presence of commercial real estate in Delhi
NCR along this stretch has pushed the demand for residential projects that are mushrooming
all along the expressway.
Kolkata has emerged as a major IT centre of eastern India with all major companies having established their presence here. Over
the last decade or so, two major IT hubs of Rajarhat and Salt Lake City have grown into prominence.
DLF IT Park
Rajarhat Newtown located in 24 Parganas district is a fast-
growing planned satellite city of Kolkata. This new IT and
residential hub has come up on the north-eastern fringes of
Major IT companies already have presence in
Rajarhat, while TCS and Wipro have been allotted
space for their campuses.
Some of the operational IT companies in Rajarhat
include Cognizant, IBM, Genpact, Capgemini,
Tech Mahindra, Accenture, Phillips and HCL
Apart from a strong IT presence, the area also
enjoys good connectivity via Eastern Metropolitan
Bypass and Belgharia Expressway connecting it to
the southern northern parts of Kolkata while the
Netaji Subhash Chandra Bose International Airport is
close to this micro market.
Currently, work is in progress to connect Rajarhat via Metro
to the airport and the southern part of the city. All these
factors combined have led to a robust demand and growth
for residential real estate in Rajarhat and around Rajarhat.
Salt Lake City
Salt Lake City is yet another planned satellite city located on the fringes of
Kolkata that was developed between 1958 and 1965 to accommodate the
growing population of the city.
The city derives its name from the reclaimed salt-water lake on
which it is built. However, it is over the last two decades that the
area has grown into prominence due to the growth of the IT sector.
The IT hub of Salt Lake City is home to many notable IT/ITes
companies, both domestic as well as multinational. Industry
majors such as TCS, Wipro and IBM have presence in the area
with over a lakh people are said to be employed in Sectors III & V
of Salt Lake City.
As a result of this strong IT growth, a large section of Kolkata’s
population has taken a fancy to the properties developing in Salt
Apart from IT professional directly employed within the area, property
seekers from other parts of the city have also been taking up properties in
Salt Lake City.
Widely regarded as the commercial, entertainment and financial capital of the country, Mumbai has witnessed growth in the IT and BPO
industry over the last decade. Major IT players such as TCS, Patni, L&T, Infotech have presence in Mumbai with Airoli and Powai emerging
as significant micro markets.
iGate Knowledge Park
Airoli in Navi Mumbai has emerged as a prominent IT
hub and is a part of the Mumbai Metropolitan Region
The fortunes of this sleepy hamlet changed
with the opening of the Airoli-Mulund Bridge
that connects the Eastern Highway with the
Thane-Belapur Road. Opened in 1999, the
bridge contributed to Airoli’s expansion and
connected it to the important suburb of
Airoli has developed a strong IT eco-system
that includes the iGate Knowledge Park
(previously known as Patni Knowledge Park),
Reliable Tech Park and Mindspace. Tshese IT
establishments are hosts to major IT companies
that have provided employment to thousands
of IT professionals.
Airoli also happens to be a part of Navi Mumbai that is
expected to be one of the fastest growth corridors in the
MMR. With the development of an international airport
and smart city NAINA, the fortunes of Airoli and its real
estate market are expected to grow.
Powai, a North-eastern suburb of Mumbai has grown
exponentially in recent years to become one of Mumbai's toniest
business and residential hubs.
The reasons for this include the environment, the
quality of air, affordable as well as premium properties
in Powai and the profile of its residents. The presence of
prestigious IT companies in Powai has propelled the
growth of this prestigious micro market.
Powai stands out as a clear candidate for excellent
destination development location because the
Jogeshwari Vikhroli Link Road offers good connectivity
between the western and central suburbs.
Good infrastructure and the fact that it is situated at a height also
add to its appeal as one of the most prestigious addresses in
Kochi is a major port city located in the Ernakulam district of Kerala. Regarded as the commercial capital of the state, the city
has strong growth drivers which are in turn linked to the development of real estate. Recently, the IT sector has emerged as a
growth driver for the city the area of Kakkanad coming to the forefront.
Kakkanad is a prominent business district of Kochi and
home to the Cochin Special Economic Zone (CSEZ).
Being the IT hub of Kochi, Kakkanad is where the second
largest IT park of Kerala, the Kochi Infopark is located.
It is also the location for the upcoming IT
industrial township, the Kochi Smart City. The
CSEZ houses the Muthoot Technopolis which is
populated by big names such as Cognizant,
Williamslea and Sutherland Global Solutions.
Kakkanad is also being developed as New Kochi
with a new township coming up in the area.
Apart from CSEZ, Infopark and Smart City and other
business establishments, the administrative centre of
Ernakulam district is also located close to this area.
These factors provide a big advantage to Kakkanad in its
development as an IT and real estate hub.
M For many years the economy of Trivandrum was based on the tertiary sector with a large section of the workforce employed as
government servants. Presently, the city’s economy is boosted with the growing contribution of the IT sector. Since the
establishment of Technopark in the 90s, Trivandrum has steadily grown into a competitive IT centre.
Technopark Phase III
The largest IT establishment of Trivandrum, Technopark, is
home to several companies including Oracle, Infosys, TCS,
Capgemini and IBS Software Services.
Spread over nearly 300 acres with 4 million sq ft
of built up area available, Technopark hosts over
330 IT/ITeS companies employing over 45,000
As part of its Phase IV expansion, Technopark is
developing 450 acres of land in Pallippuram, 5 km
north of the main campus as Technocity.
With the IT growth provided by Technopark, the area of
Kazhakoottam is witnessing a boom in real estate with
most top builders developing projects in Technopark.
Technopark and the upcoming Technocity are expected to
further fuel this real estate growth.
The second largest city of Tamil Nadu after Chennai, Coimbatore is now shedding its traditional image of textile manufacturing
hub and emerging as a promising IT centre. The city has two Special Economic Zones, the Coimbatore Hi-Tech Infrastructure
(CHIL) SEZ at Sarvanampatti and the TIDEL Park near Peelamedu with at least five more SEZs in the pipeline. With this robust IT
growth, Coimbatore is now second to only Chennai as the second largest producer of software in Tamil Nadu.
Tidel Park, Coimbatore
Avinashi Road is an arterial road passing through Coimbatore and is the
hub of most of the city’s commercial activity.
Running from east to west, this road connects Coimbatore to its
airport and the eastern and north-eastern suburbs. The road is an
indicator of the development of Coimbatore that has grown
mostly along its eastern and western sides.
The area is in close proximity to the important IT centre of TIDEL
Park, which was set up in 2006 to foster growth of information
technology in other districts of Tamil Nadu.
With TIDEL Park now employing thousands of employees, the real estate
scenario along Avinashi Road and other areas has visibly improved.
The Information Technology sector is expanding rapidly in
Indore with exports from the city’s maiden IT park, Crystal
IT Park growing exponentially.
Companies like Infosys and TCS have started the
construction of their respective offices in Indore
near the Super Corridor. Both the companies are
approximately 5 km from Indore airport. It is
believed to create about 5000 jobs in coming 5-6
IT companies are increasingly looking at investing
in Indore as there are a large number of
engineering colleges from where thousands of
talented engineers graduate every year.
Apart from that, the air and rail connectivity to the city has
improved significantly. Meanwhile, the state government is
also rolling out the red carpet to IT companies and is
working towards developing Indore as the new IT
With several institutes of higher education, including an IIT,
Bhubaneswar is setting the foundation for becoming a hub for
research and technology startups in the eastern region. The city is
developing as a major eastern hub, providing a clear alternative to
the established IT centre of Kolkata.
Tata Consultancy Services (TCS) has already set up a
sprawling office in Bhubaneswar and MindTree has built
a learning centre right next to TCS, and sends all its new
recruits for intensive training there. Chip design firm
Sankalp too has a development centre here.
According to recent surveys among tier II & III cities,
Bhubaneswar has been chosen as among the best for
conducting IT/ITeS business. The state government is
fuelling this growth by development of IT parks such as
Infocity-1, Infocity-2, STPI-Bhubaneswar and JSS STP.
Infocity was conceived as a five-star park under the Export
Promotion Industrial Parks (EPIP) Scheme to create infrastructural
facilities for setting up IT related industries. Infosys and Tech
Mahindra have been present in Bhubaneswar since the 90s and
apart from multinationals, some 300 small and mid-sized IT
companies and start ups have also found a healthy breeding
ground in Bhubaneswar.