Blog
17
Dec
2009
After traditional off shoring, it is the turn of legal and real estate services to be outsourced to India
In the recent years, India has seen significant changes in the off shore out sourcing industry. From the times of advent of BPO industry and up to KPO, there have been global opportunities available in the Indian sub –continent more than any where else on the earth. Going further, the present time is opportune for the legal and the real estate out sourcing. Estimates clearly point out that legal off shoring is destined to surge from $146 million in 2006 to $640 million by 2010.
The key concern areas that will make definite say as far as legal process out sourcing goes, includes, Legal transcription, Document review, Litigation support, Legal research, Intellectual Property, Contract management, Secretarial and Legal publishing, e-discovery and many more. Likewise, the sub prime crises as witnessed in the US clearly showcased ho the mortgage market slashed down. This also clearly showed weak and unstable US real estate market.
As compared to the US real estate market, there are potential growth opportunities available in the real estate market in India. Furthermore, Jones Lang LaSalle reports clearly indicate that India’s real estate property market will began to take an up path of US$ 12.11 billion in the real estate investment for over a period of five-years.
These figures assume that real estate market in India has potential and would attract outsourcing from the real estate markets across the world. And the amazing fact is that it might happen very soon!
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