Gen Y turns to ‘virtual’ space leasing for investment

It’s a new wave of investment that’s sweeping Hyderabad’s iPad-toting Gen Y populace off its feet these days. With a ‘savings’ deposit of Rs 10 lakh to Rs 12 lakh tucked neatly away in their accounts, this dividend-driven clan is giving a miss to the latest Honda ‘hot wheels’ to instead park their moolah in ‘virtual’ properties. Location: some corner (literally!) of a swank commercial tower along Hyderabad’s IT corridor.

Read more: Economic Times