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Old July 21st, 2010, 10:52 AM   #1
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BANGALORE | IT Parks | IT SEZs

Can we discuss on IT Related Infrastructure in Bengaluru under this forum?

To start with: Can we have something like the Mahindra City in Chennai?
http://en.wikipedia.org/wiki/Mahindr...y,_New_Chennai

Doesn't it look wonderful? Expecting 1.5B$ investment?
Bidadi township/ITIR?


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Naveen
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Old July 22nd, 2010, 07:50 AM   #2
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Yelahanka is the new Gurgaon

Where the six-lane highway from Bangalore city to the international airport in Devanahalli branches off to the left into Doddaballapur Road, a hoarding proclaims: “Yelahanka is the new Gurgaon”.

Put up by a residential builder, it is a defining marker in the growth curve of Yelahanka, a suburb 15 km north of the city that was envisaged as a satellite town but is now under the Bruhat Bengaluru Mahanagara Palike (BBMP). Proximity to the new airport — 20 km away — has given wings to aspirations in the once sleepy town that has seen a property boom in the last five-six years.

With the Karnataka Assembly passing a Bill last Thursday to set up a 10,000-acre Information Technology Investment Region (ITIR) north of Devanahalli, analysts say real estate in Yelahanka is all set to rain returns in a few years.

V Madhu, Principal Secretary, Infrastructure Development Department of Karnataka, says the entire Hebbal-Yelahanka-Devanahalli stretch will see “substantial development” in the coming years, fuelled by a mega project around the airport encompassing an aerospace park, a financial district and the IT park, where, among others, Infosys has proposed to invest Rs 710 crore in a 12,000-seat software development centre and Wipro is set to develop a Rs 477-crore centre employing 15,000.

I call it the airport city. We have prepared an integrated traffic plan for the region. A high-speed rail link will connect Bangalore city to the airport, with a station at Yelahanka. Besides, the monorail project connecting north Bangalore to the city is in the procurement stage,” Madhu says, adding, “In five years, all these projects would have been completed.”

In Yelahanka New Town, residential highrises by the Prestige Group, Puravankara, Nagarjuna, Sobha Developers —the ones who dared to compare Yelahanka to Gurgaon — and others soar above the monsoon clouds, lining newly-widened and landscaped streets.

“When I came here in 1988, Bangalore was an STD call away and there were no booths, only a petrol pump to call from. I bought a 30 x 40ft plot for Rs 40,000, which is worth over Rs 40 lakh today. In the last seven-eight years, along with the development of the airport, premium residential projects have sprouted,” says TR Jagdish, whose son Chetan Dikshit is a student at the Nitte Meenakshi Institute of Technology, one of the dozen-odd colleges and international schools that have recently come up in Yelahanka.

According to sitting MLA S R Vishwanath, Yelahanka’s population is on the rise, up by 12-15 per cent in the last two-three years to about 3 lakh now.

Says Ram Chandnani, Deputy Managing Director-South India, CB Richard Ellis, a real estate consulting firm, “Yelahanka has always been an industrial suburb and the demand for housing here has come from people employed in north Bangalore, also from employees at business parks like Kirloskar Business Park and Manyata Tech Park. Over the last few years, developers have taken advantage of improving infrastructure and availability of large land banks for quality housing to cater to this demand. Also, people are buying property in the Yelahanka-Devanahalli stretch for long-term investment as prices are expected to appreciate.”

Says Sanjay Khosla, Executive Vice-President, Sobha Developers, “If one were to analyse the reasons for the growth of Gurgaon, two things stand out—availability of land and its proximity to the airport. The world over, where the airport leads, the city follows. Corporate offices, which suffered a drawback in terms of space in Delhi, were quick to capitalise on this advantage. In Yelahanka, we see similar potential. On the one side, Bangalore has its issues with infrastructure and is getting a little too crowded for some people. On the other side, the vast open spaces of north Bangalore and Yelahanka in particular are very inviting for many. Add to that the close proximity of the airport and you have a winning proposition.”

Sobha’s eight-acre, “super luxury” residential project Althea, which is nearing completion, is priced upwards of Rs 3,150 per sq ft, with over 120 of the 176 three-bedroom, four-bedroom and penthouse units sold.

Yelahanka is only the tip of the iceberg. According to a June 2010 report on the development potential around Bangalore International Airport by the Infrastructure Development Corporation (Karnataka), or iDeCK, multiple premium residential complexes coming up in and around Devanahalli are expected to bring in an investment of Rs 1,500 crore. With the ITIR expected to employ 12 lakh people, tony residential projects by developers like QVC Realty and the Prestige Group are afoot all the way up to the Nandi foothills, near Chikballapur, and luxury hotels by the Oberoi Group, Taj and Hyatt are coming up along the way.
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Old July 22nd, 2010, 04:37 PM   #3
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Infy's 2,500 cr Sarjapur SEZ to get operational by March end

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22 Jul 2010, 1508 hrs IST,PTI

MUMBAI: IT bellwether Infosys is investing around Rs 2,500 crore to set up its seventh SEZ in Sarjapur near Bangalore, the company's official spokesperson said.

The SEZ would have around 18,000 seats and will be operational by end-March 2011.

"Infosys has acquired 202 acres of land in Sarjapur, near Bangalore, to build an SEZ. The total investment earmarked for the project is Rs 2,500 crore and work is expected to begin in August-September this year. It is targeted to get operational by end-March 2011. The facility will generate 18,000 employment opportunities," the company spokesperson told PTI in an e-mail interaction.

This would be the company's seventh SEZ project. It presently has facilities in Jaipur, Chennai, Chandigarh, Pune, Mangalore and Thiruvananthapuram.

The IT major plans to expand its seat capacity in these centres by 25,000 in the current fiscal.

On queries about acquisition plans and new verticals, the company said that it was open for inorganic growth in emerging markets.

"We are continuously looking for acquisitions and have certain profiles of what kind of a company we want. If an opportunity arises, we will go for it," Infosys' CEO and Managing Director, S Gopalakrishnan, said.

Banking and retail verticals would be the growth-drivers, he added.
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Old July 23rd, 2010, 05:45 AM   #4
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Great news. Wipro also coming up at Kodathi village on Sarjapur road

http://www.cxotoday.com/News/IT/ITeS...264-20871.html


Infosys to hire 36,000 employees in FY 2010-11
Quote:
Infosys Technologies plans to hire 36,000 additional employees during this financial year 2010-11. The hiring would be more for its centers in Hyderabad, Chennai, Thiruvanthapuram, Mysore, Mangalore, where there is potential for expansion.

Talking to the media during the announcement of their Q1 results for 2010-11, Mohandas Pai, member of the board and Director-Human Resources, Infosys Technologies said, "The company looking at the potential growth has already recruited about 8.895 employees and would be hiring close to 14,000 during the Q2 of this fiscal and the rest would be followed during the other quarters."

Attrition rate at the company has shot up to 15.8 percent during the first quarter (April-June) of this fiscal compared to 13.4 percent during the end of March 31, 2010. During this first quarter for this fiscal, Infosys and its subsidiaries had added 8,859 employees, which is a net addition of 1,026. The total strength of Infosys has now gone up to 1,14,822 employees, compared to 1,03,905 during the quarter ending June 30, 2009.

Out of the total strength, software professions amount to 1,08,495 and banking product group 5,029 and sale and support amount to 6,327. The lateral employees during this quarter amounted to 2,942.

Pai said that the company also sees potential for expansion in Bengaluru as they begin work on their new Sarjapur campus coming up in about 200 acres near the city. "We have already applied for the SEZ status and would be getting it by the end of this year," he said.

Last edited by gentem; July 23rd, 2010 at 07:31 AM.
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Old July 23rd, 2010, 08:07 AM   #5
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Quote:
Originally Posted by gentem View Post
Great news. Wipro also coming up at Kodathi village on Sarjapur road
Where did you get this news?
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Old July 23rd, 2010, 08:48 AM   #6
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Karnataka to be the first to set up IT investment region

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Mahesh Kulkarni & Bibhu Ranjan Mishra / Bangalore July 16, 2010, 17:13 IST

Karnataka has gone ahead of its immediate neighbours — Andhra Pradesh and Tamil Nadu — in realising the dream of setting up an Information Technology Investment Region (ITIR).

The state is set to become the first state in the country to establish ITIR to promote investment, augment exports and generate employment.

The state legislative assembly has passed a Bill to facilitate setting up of the ITIR here on Thursday. The Act will be called the Karnataka Information Technology Investment Regions Act, 2010.

The ITIR will be a self-sustainable integrated investment region, housing IT, ITeS and hardware parks, supported by residential townships, a mini airport, high-speed railway network, shopping malls, hospitals and educational institutions, among others.

The ITIR, to be developed in two phases and spread over 10,000 acres near Bangalore international airport at Devanahalli, about 40 kms from here, is expected to attract an investment of over Rs 2 lakh crore. The state government would involve the private sector for developing the infrastructure
.

Ashok Kumar Manoli, principal secretary, Department of IT/BT, Science and Technology, Karnataka, told Business Standard: “Over 55 software and hardware companies, including leading ones like Infosys, TCS and Wipro, have shown interest in establishing their presence at the ITIR. It will be spread over 2,200 acres in the first phase. We have issued preliminary notification for acquiring 2,080 acres near Devananhalli. A management board will govern the ITIR and the apex body on all matters related to the project would be the State Empowered Committee, under the chairmanship of the chief minister.”

The Government of India had published a policy resolution for setting up information technology investment regions on May 28, 2008, to promote investment in the IT, ITeS, electronic hardware manufacturing units, which have proved to be significant economic growth engines.

Apart from Karnataka, other states like Andhra Pradesh, Tamil Nadu and Orissa have also proposed to come out with an ITIR and have approached the Centre for approval.

“The setting up of an ITIR by the Karnataka government in Bangalore is a welcome move and I am sure it will bring further development to Bangalore. It will definitely help attract good IT companies to set up base and expand their operations in Bangalore. We will certainly explore opportunities to set up operations in the ITIR when it is ready,” said Infosys Technologies CEO and MD Kris Gopalakrishnan.

Manoli said the ITIR, once fully developed, was expected to provide employment — both direct and indirect — to three million people. The companies setting up shops in ITIR would enjoy similar kind of tax concessions as they enjoy at IT SEZs, he said.


Global consulting firm, Deloitte, has prepared the detailed project report for the ITIR and the proposal is awaiting the approval of the central government.

The ITIR would be an integrated township with modern amenities like the roads, railway network, metro rail and mini airport, to facilitate investors’ faster approach to the location.

Meanwhile, the Andhra Pradesh government is not looking at bringing out any legislation in this regard, as it plans to develop an ITIR under the existing Andhra Pradesh Urban Area Development Act. “The ITIR in Andhra Pradesh will be both greenfield and brownfield. Initially, it aims to expand its Cyberabad area and declare it as ITIR,” Andhra Pradesh IT Secretary Ratnaprabha said.

She added the Andhra government proposed to attract an investment of Rs 2.19 lakh crore and provide direct employment to 1.5 million people and indirect employment to 5.3 million people over a period of 15 years. It also expected to generate Rs 30,170 crore of indirect revenue to the state exchequer. she further said.
Business-Standard
http://www.business-standard.com/ind...region/401601/
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Old July 23rd, 2010, 09:00 AM   #7
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Prestige Shantiniketan- the Business Precinct


With two 16-level towers, an imposing 12-level crescent block, anchored at both ends by the twin towers, and a stand alone 17-level signature tower, the Business Precinct at Prestige Shantiniketan offers a staggering 3.5 million sq. ft. of office space. Easily the best value for your commercial property investment, the Business Precinct not only offers ample space to work but also other facilities like a food court, health court, fine dining restaurant, bank, ATMs, coffee shop and the fabulous Forum Mall.

Ideally located on 105 acres in Whitefield, it offers the best that Bangalore has to offer, making your office your competitor's envy and your pride. The location was carefully selected not only because Whitefield is rapidly growing with many residential, commercial and retail developments, but also because of its easy accessibility from the Central Business District, which is 20 kilometres away.

Consolidation of operations is the buzz word in today's dynamic environment. The Business Precinct is an ideal destination for larger IT and ITES clients to consolidate their businesses. With abundant space available, now decide how you wish to design your office. You can choose to have different divisions on different floors or you can have your entire office on one single floor. What's more, the location of the services core which houses the lift, toilets and air handling units, gives excellent flexibility and efficiency in fit out design.

The Business Precinct also has an Intelligent Building Management System and is built with a futuristic approach to protect and enhance the environment and to adapt to the changing needs of the environment. What awaits you here is an ambience full of serenity, far from the maddening crowd of the city and yet in line with the latest features of the 21st century.
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Old July 23rd, 2010, 09:08 AM   #8
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Brigade North Star



* In the Malleswaram-Rajajinagar area, close to the central business district
* In a premium neighbourhood, within the 40-acre
Brigade Gateway integragted lifestyle enclave

Ideal for: Corporate offices, IT / ITES and Software development facilities

Spaces available: From 4000 sft to 1 million sft of premium office space
Unique features:

* 30 storeys—to be Bangalore's tallest building
* Built to Grade A++ specifications
* 3-storey high atrium
* Helipad and observation deck
* Low-E glass: minimises heat, maximises visibility
* Elevators:
- High rise, mid rise and low rise (6 sets each)
- High rise and mid rise are destination controlled
(first of its kind in Bangalore )
* Escalator from the 29th floor to the observation deck in the 30th floor
* 90,000 sft landscaped and banquet area on top of MLCP
* Sky bridges connecting North Star with the 5-star hotel,
and mall and multiplex within the enclave
* Floor plates of around 35000-40000 sft

Parking: Adjacent 9 level MLCP which can accommodate 2250 cars

Architects: H.O.K., New York—one of the world's leading architectural firms

Last edited by avinash2060; January 19th, 2011 at 02:25 PM.
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Old July 23rd, 2010, 09:09 AM   #9
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Brigade Summit



Location

* In the Whitefield area, a vibrant city suburb
and IT / biotechnology hub
* Strategically located within the 40-acre Brigade Metropolis integrated enclave
* Well connected to the rest of Bangalore

Unique features:

* Set within a beautifully landscaped, self-contained enclave
* Sleek design and architecture maximises usable space
* Interconnected by sky bridges at four levels
* Helipad on Summit II
* The Arcade, a modern shopping centre, just opposite

Other features:

* 800,000 sft of built-up area, spread over 2 office towers
* Large floor plates (20,000 sft and 40,000 sft)
* Open-to-sky area between the two buildings,
with amphitheatre, water body, cascading pools,
landscaping, informal seating

Facilities:

* Parking: 4 levels of building parking, 6-level multi-level car parking (MLCP) facility next door
* Cafeteria (1000-seater) on Floor 2
* Swimming pool and gym on top of MLCP
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Old July 23rd, 2010, 09:13 AM   #10
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Adrash SEZ


Spread across 17 acres, in the midst of the IT hub in Bangalore is Adarsh Prime Projects SEZ, Whitefield. An SEZ specific for the IT/ITES domain, it promises to be an elaborate structure designed to meet the most advanced of needs with cutting edge sophistication.

The SEZ has been conceived on the theme of ‘Campus Feel environment’ and has been designed by the renowned architects and planners, RSP Singapore. Workplaces being areas where hard-working employees spend most of their time, Adarsh understands the importance of creating mini-paradises within the commercial sector as well.

To this end, Adarsh Prime Projects SEZ, Whitefield has retained international consultants for designing landscapes that will relax soaring minds and tired spirits.
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Old July 23rd, 2010, 09:20 AM   #11
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Ozone IT/ITes SEZ

A 25 acre IT/ITES centric facility in partnership with a leading international SEZ operator is being envisaged adjacent to Ozone Urbana.
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Old July 23rd, 2010, 11:49 AM   #12
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Roads in IT hub will get a facelift
State cabinet allots Rs45 crore to improve route to Whitefield
The state cabinet on Thursday alloted Rs45 crore to improve roads in Whitefield, the IT hub of the city.
"The development project will be implemented by the Bruhat Bangalore Mahanagara Palike (BBMP) in association with the government of India under the Assistance to States for Developing Export Infrastructure and Allied Activities (ASIDE) scheme," said home minister VS Acharya, who briefed the media about cabinet decisions on Thursday.
Sources in the BBMP told DNA that the main aim of the project was to provide smooth connectivity to the International Tech Park Limited (ITPL), and surrounding areas. "The 12-km stretch between ITPL and the nearby industrial hub and four underpasses are part of the project. The project will be completed in two phases," said a chief engineer of the BBMP.
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Old July 25th, 2010, 07:33 AM   #13
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devanhalli bussiness park (9800 cr)


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Old July 25th, 2010, 07:48 PM   #14
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I feel that the info that is already published in other threads have been put here. This happens in other India threads too where, most of the time, people don't post things under segregated threads. They just post everything under 'Projects' thread. So, the other threads get obsolete over a period of time.
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Old July 26th, 2010, 05:32 AM   #15
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But this thread was a much needed one. Bangalore almost means IT. Here is itpb and bagmane tech park:

cc http://en.wikipedia.org/wiki/File:Panorama_eve.jpg

cc http://en.wikipedia.org/wiki/File:Iflex51.JPG
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Old July 26th, 2010, 07:51 AM   #16
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Guys can we list out all the IT Parks in Namma Bengaluru?
Name #directly-employed Completed-Date Location Builder-Trustee Companies
EC Phase I -- -- Konnappana Agrahara Keonics Infy/Wipro/HP/3m/siemens/HCL/etc
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Old August 5th, 2010, 12:27 PM   #17
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IT investment regions set to take off

Govt to announce modalities in 3-4 months; AP, Orissa, Karnataka awaiting approval

K V Ramana Hyderabad

The Information Technology Investment Region (ITIR) concept is set to become reality in 3-4 months, a good two years after it was floated.
The Planning commission has also in principle agreed to setting up of projects in three States, Union IT secretary R Chandrasekhar said on the sidelines of an IT event on Wednesday.
"As per the process, we are in consultations with various departments. We are working out modalities. We will be able to come out with finality in 3 to 4 months," he said.
ITIR is a cluster approach for promoting IT investments in the country. These are seen as big special economic zones as the minimum area required for notification of an ITIR is about 40 sq km. The notified area will contain several IT, ITeS and electronic hardware units. While the minimum processing area in an ITIR would be 40% of the total area, the remaining would be for infrastructure including roads, housing and other amenities.
Though conceptualised in 2008, ITIRs have failed to take off due to a variety of reasons primarily concerned with policy issues. So far, AP, Orissa and Karnataka have sent their final proposals to the Centre for setting up of ITIRs.
In Andhra Pradesh, the government has identified 150 sq km surrounding the international airport at Shamshabad on the outskirts of Hyderabad. According to sources in the state government, the total investment required for developing the ITIR would be about Rs 13,000 crore. The development would be done through public-private partnership (PPP) and the Centre would provide significant funding support in the form of grant to the state government for the development. "There is still no clarity on the grant amount and the PPP approach for development of ITIR. Once the modalities are out, there will be better understanding about the concept," an Andhra Pradesh government official said.
But, there have been complaints about the infrastructure required in the ITIRs. Under the concept, the state government has to ensure that all physical infrastructure and utilities within its jurisdiction including power, water, roads, transportation, sewerage and effluent treatment facilities are provided, while the Centre needs to facilitate development of National Highways, airport and rail links to the ITIRs.
Meanwhile, the government plans to spend about Rs 40,000 crore in 3-4 years on different projects under the National e-Governance Plan (NeGP), Chandrasekhar said.
"This includes initial 2-3 years of the operational phase. The main implementation of the project and making the services available is expected to complete by 2014," he said.
The NeGP has two parts —- delivery of e-enabled services to citizens and businesses and among various government departments and second, creation of the mechanism for people to access services.
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Old August 5th, 2010, 12:29 PM   #18
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Survey says IT outsourcing not out of woods yet
Growth in new deals tapers off in June after spiking in March quarter even as BPO continues its steady march
Even as major Indian outsourcing firms celebrated the return of growth to their market, a survey has found indications that the expansion of global outsourcing may have slackened after the initial spike in the first quarter.
According to the quarterly survey of the outsourcing industry by Everest Research, the value of new IT outsourcing contracts returned to their normal pace in June quarter, after jumping in the previous quarter. Total value of new IT outsourcing deals in June quarter fell to $1.5 billion from around $2.8 billion in the March quarter.
The signing of new deals in a quarter are seen as an early indicator of revenue growth in the following quarters. For example, the March quarter saw one of the highest rates of new contract addition, followed by a healthy performance by the IT industry in June quarter.
The survey found that, based on their yearly revenues, the value of pure IT contracts fell by 46% in the June quarter compared to the March quarter. Even when compared to the second quarter of 2009 when the World was in the grips of a recession, the value of IT deals fell by around 25%, dipping to $1.52 billion during the last quarter.
The June quarter performance of the global IT outsourcing business — in which India has a 60-65% share — was in line with the lack-lustre additions seen during the last several quarters. Against $2 billion or more of new IT outsourcing per quarter before the recession, the value of contracts had dipped to just $1.3 billion in the December quarter.
In contrast, BPO the outsourcing of processes like marketing, pay-roll and human resource management continued to show consistent growth. While the value of new IT contracts declined in June quarter from two years ago, new BPO contracts have nearly trebled in value during the same period, going from $364 million in second quarter 2008 to $970 during the last quarter.
"IT outsourcing is more dependent on discretionary spending by companies.. for example, to expand their operations.. But BPO tends to be more basic," pointed out Amneet Singh, vice president at Everest Group. He pointed out that the growth in BPO outsourcing can be linked directly to the needs of companies to cut costs during the economic turmoil of the last two years.
"If you want to show an immediate reduction in costs, in two quarters or so, it is easier to do it by outsourcing business processes," he pointed out. However, unlike in IT outsourcing, India has a share of just around 35-40%.
The June quarter saw the third straight decline in the size of new outsourcing contracts in the overall outsourcing industry. From around $4 billion of new IT and BPO contracts in the December quarter, the overall value of new contracts declined to $3 billion in April-June.
Europe accounted for a large part of the decline in originating overall outsourcing deals, with new European deals, including IT and BPO, falling by 41% in value during June quarter this year compared to the same period last year. Infosys, TCS and Wipro were among the top 8 outsourcing firms by number of deals signed during last quarter.
Against 19 new IT and BPO outsourcing deals signed by IBM, 16 by CSC and 15 by Accenture; TCS led the Indian pack with 15 new deals. It was followed by Infosys with 13 and Wipro with 12 new deals each.
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Old August 27th, 2010, 01:46 PM   #19
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There was a time when Bangaloreans looking out for residential property could not think beyond areas like M G Road, Indiranagar, Jayanagar, Marathalli and Koramangala.
Then, in the last decade of the twentieth century, it was Whitefield, Electronic City, Hosur Road and other IT hubs in the city.
That's changing again. New residential hotspots have emerged in the city with furious pace of development in localities like Bannerghatta, Yelahanka, Devanahalli and others.
Experts say these areas not only make good investment sense but are fast becoming attractive options for home buyers with their sufficiently well developed infrastructure and better connectivity.
Uzma Irfan, director, corporate communications, Prestige Group, says Bannerghatta Road, North Bangalore areas like Jalahalli, Whitefield and Sarjapur Road have been in great demand in the recent times.
She links the surge in demand in these localities to creation of employment opportunities there.
"You will recall Whitefield developing as a prime location over the years with a healthy mix of residential and commercial developments complementing the IT hub. The demand for these locations primarily stems from the employment zones which are being formed in these areas and its vicinity," said Irfan.
Ravindra Pai, managing director of Century Real Estate, is betting on North Bangalore, where the growth is solely driven by the Bengaluru International Airport (BIA) that has kicked off other economic activities in the region.
"The airports in Indian cities act as huge development magnets. The new international airport and the promise it brings to an array of businesses such as ITeS, KPO, BPO, manufacturing and logistics through various SEZ and industrial zones planned, we see the Whitefield story being repeated in the North of Bangalore again."
He said areas such as Sanjay Nagar, Sahakar Nagar, Hebbal, Jakkur and as far as Yelahanka New Town have seen robust demand lately.
Pai believes swift development of infrastructure, public transportation and smooth connectivity are making these localities in North Bangalore much sought after.
Even Vinay Nagpal GM —sales —of Mantri Developers Pvt Ltd votes for North Bangalore as the hot favourite of property buyers in Bangalore.
"The northern parts of the city are growing at an accelerated pace. The proximity to the international airport from this part of the city is one driving factor for the growth in this location. There also schools and hospitals of national and international repute here. It is also very well connected via the public transport to the rest of the city," says Nagpal.
According to him, other areas that have seen sustained growth over the years are Electronic City and some of parts of the central business district (CBD).
Alexander Moore, managing director of LJ Hooker, India, marks places in north, south and east of Bangalore as growth zones.
"Mid-market demand is strongest in the northern corridor —from Hebbal to the North—as well as the South and East regions of the city. Electronic City has seen renewed demand with the completion of the elevated roadway driving demand," says Moore.
Sudeep Chandran, builder and realtor, differed in his choice of the emerging localities in the city; "The CBD and areas like Malleswaram, Sadashivnagar, RT Nagar, HRBR Layout, even going upto Sahakar Nagar, has seen sustained interest over the past year, especially with regard to land more than apartments."
So what is pushing growth in these areas?
"Affordability, the equation between price, interest rates and wages, are driving consumer demand, especially in the owner-occupier sector. Prices have stayed relatively low (in the city) with interest rates stable and wages on the rise," says Moore.
Increased hiring in IT and BPO service sectors and the prospect of future appreciation —like those along the airport —are also driving people in hordes to these localities.
"Investors or home owners would like to buy a project which is best poised for appreciation," says Pai.
In his view, the exodus from previously preferred residential areas to new ones is happening on a trade-off that is making home buyers go for properties on outskirt with better prices instead of exorbitant houses with proximity to workplace.
"It's a paradox every home buyer would go through and a business decision every developer has to make. Our advice to every potential home owner is that your home where you are staying today, which you may call SBD, as a locality did not exist less than eight years ago. Bangalore has grown exponentially in past 10 years and any real estate investment in the worst case scenario will keep up or even beat inflation," says Pai.

http://epaper.dnaindia.com/dnabangal...e=2%2f1%2f2010
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Old September 14th, 2010, 07:26 AM   #20
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Here is some good news for the techno freaks in the city. After a break of more than a year, the city is all set to once again host Barcamp Bangalore (BCB), a technology 'unconference' on Saturday. An unconference is a facilitated, participant-driven conference centered on a specific theme.
Wikipedia defines Barcamps as open and participatory workshop-events, whose content is provided by participants.
Saurabh Minni, one of the planners of this year's BCB, says, "BCB 9 will focus on the usefulness of technology in every-day life. There will be sessions such as MathML: A 'blind' date with Maths, which explains how technology has made it possible for the visually impaired to 'read' mathematics using the PC. Then there will be other sessions discussing how web can be made useful for everyone."
The first Barcamp was organised in Bangalore four years ago and catered to a variety of topics ranging from music to technology. Since then, Barcamps were organised almost every four to five months until Barcamp 8. The delay was largely owing to the fatigue that had set in due to the frequent events; then as Minni says, it got further delayed due to onset of recession.
"This time it's happening after nearly 1.5 years, and so there is renewed enthusiasm among the people to share and learn. That's also a reason why participation will be phenomenal this time. Additionally, there is no other event like BCB, which brings together not just technologists, but designers and entrepreneurs to discuss ideas and problems to come up with the best usable solution," Minni adds.
The event, which has already got more than a thousand registered participants this year, will close the registration process on its website, barcampbangalore.org, on Wednesday.
The 'unconference' is scheduled to be held on Saturday
http://epaper.dnaindia.com/dnabangal...e=2%2f1%2f2010
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