By Yusuf Razak Dhanani : Before technology became a part of restaurants, guests would come to a restaurant, sit wherever there was a free table, order food, the waiter would take down the order on a notepad, serve food, guest would eat, pay and leave. But now, with technology, the guest's experience is as completely changed as that of chefs, servers and owners, due to a change in technology in the kitchen. Now, with modern kitchen display screens and staffing technology, you can get data-centric insights into what's working well for your restaurant and what's not. This is where technology is making its big impact in the restaurant industry--how guests dine and what pleases them and what doesn't.
By Yusuf Razak Dhanani: We have a craze for
owning a house. The house would generate income if rented, would save on rents
if lived in and would also multiply if held for a long time. Investment in real
estate had seen some stagnation in the past few years. But the trend has
shifted to the tier-2 cities.
Tier -2 cities are the
non-cosmopolitan cities. These cities have scope for growth and development.
With the big IT companies having their offices and branches in these cities,
the migration to the tier -1 cities has been controlled. This has resulted in
the real estate business in these cities having good opportunities.
Reasons for investing in
Tier-2 cities:
Low property costs
The low property costs
in the tier-2 cities and suburbs have been the major reason for the increase in
the real estate investment by big players. The big players can utilize their
expertise and training and other existing resources in these cities and earn
more profits. Further, the lower property costs also make it affordable for the
people to invest in. Hence the projects are profitable always.
Government’s focus on
smart cities
With the concept of
smart city in force, the focus of the Government is more directed towards these
tier- 2 cities. The Government has announced allotment of many houses under
different schemes. There has also been a rise in the affordable housing schemes
by the Government. The real estate business in these cities would definitely
soar to new heights.
Lower cost of living
The cost of living in
the tier- 2 cities is lower when compared to the cosmopolitan cities. With more
job and business opportunities in these cities, the migration of people from
these cities has been put under check. Ultimately, the people are looking forward
to buying their own houses and living in these cities only.
However, one still has
to be careful while selecting the tier- 2 city for the investment in real
estate. The tier-2 city should be an emerging one so that it has the advantages
of price and growth potentials. A look at the list of 100 smart cities would
give a better idea for the investment.
You can get in touch with Mr. Yusuf Dhanani here
Excellenty article sir. Yes, I too agree that investing in tier-2 cities makes sense.
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