The Indian IT sector is booming leading to a boom in all sorts of subsidiary industry. Transport companies, house work staffing contractors, drivers, maids, gardeners, eating places and so on. With the IT companies growing by leaps and bounds and with every IT project team wanting to celebrate their success with a party at an offsite resort, needless to say, the business of resorts is booming.
Come over to Bangalore to see this phenomenon in operation. Just outside the city and I mean, just outside - you will see resorts of all shapes and sizes. A little beyond the regular daily driving distance of about 60 kms are the resorts which are preferred for overnight stays and picnics or team outings.
If you have a patch of land of a little more than an acre on the outskirts of Bangalore, you can set up a resort. Heres how:
- Dont cut your entire coconut grove down (usually thats what you would have on the outskirts). Leave a few coconut trees intact.
- Have a few manicured lawns. A few flowering plants.
- Create a themed restaurant with open spaces and thatched roofs. Preferably connected over a water body.
- Create a swimming pool, complete with water slide and kiddie pool, even if its all within a few square foot. Ensure that the swimming pool is not straight and not more than 3.5 feet at its deepest. Do all you can to discourage swimming.
- Leave a few other trees intact or plant some trees in any case, especially along the periphery.
- Buy cheap plastic chairs and lawn umbrellas.
- Leave some open space and cover it with grass and put a volleyball net.
- Do have a conference room, airconditioned. Offer mineral water to drink.
- If you have more than one conference room, connect them through grassy pathways only.
- Ensure that you serve decent food - if not superlative- also ensure that there is no hint of any traditional food. Panner and Masala must appear in alternative dishes.
- To create a feeling of space, have some of these facilities at different levels.
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The real estate is one sector that features as one of the most badly hit sectors following the global economic meltdown. Especially in developing countries like India, where real estate was going great guns, so to say, faced a steep downfall following the recession and inflation. Especially in the metros and the developing cities like Bangalore, real estate suffered dearly as the demand for the residential units, though increasing became a pent up demand. The badly hit economy particularly the IT sector that has a strong foothold in Bangalore, and the high rates of interest in home loans made the demand for residential units go down or at best become a pent up demand. It is believed that once the situation stabilizes the demands would start surfacing. Another very problematic issue that the real estate dealers are facing is that patrons of the currently booked flats are not willing to pay the original price that they had agreed on but the current price that is less than the original amount owing to the current economic condition. Not only the residential units but the commercial properties like the hotels in Bangalore have also naturally seen a drop in their occupancy. The ITC hotels in Bangalore that registered the highest occupancy, as high as 83%, have been forced to cut down on their tariffs by almost 20% as the occupancy has also gone down by 20%. On the contrary, the business hotels in Bangalore are surviving the tough times as the number of business travelers has not been affected as hard as the umber of leisure hotels. The budget hotels in Bangalore have seen a hike owing to the obvious reasons.
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