This Thread is about the updates,news... Of IT Park/IT SEZ Project's @Hyderabad
Both(Upcoming & Present)
Both(Upcoming & Present)
Thanks for the info.Note that tcs is currently constructing buildings of size more than 7 lakh square feet in synergy park sez in gachibowli.this will complete the synergy park development post which tcs proposes to start the adibatla sez.This is common as no corporate wants to invest first in a remote locations when they have land in a bustling location like gachibowli .their plan is to complete this facility as it is in established location with good infrastructure.Note that adibatla did not even have proper connecting roads until the orr phase 2 got opened and aerospace park started.They never backed off even when there was recession.I'm sure they will start off once they complete development here like infosys went to pocharam after completing IT park in gachibowli.
TCS is commited to hyderabad as of now.We can say this because it expanded rapidly by taking space of 3,50,000 sft in waverock,nanakramguda and 1 lakh square feet in q city,nanakramguda according to reports published by cbre,dtz and cushman wakefield in the past five quarters.
As far as cognizant is considered it too started off excavating the large hillock present in the hmda sez in kokapet where it has land.It started first with this sez and not adibatla because of the its proximity to nanakramguda and orr junction.However building construction may start only in next year.note that this land was in legal wrangles until last year and cbay infotech started construction first in this sez.It has got the permission to set up unit in the sez and is co-developer of the sez.
As far as adibatla SEZ is considered it may get delayed but not scrapped.Poor connectivity,distant location is one of the reasons for this.To indicate the commitment of cognizant in hyderabad we can consider the company leasing 3,30,000 square feet in dlf sez,gachibowli and going for a Built to suit traansaction of 7,50,000 with mindspace over past 5 quarters.
My intention is not to suspect ur postings but to know about the website links of those 3 property consultants where I can actually see the quarter wise reports past and future.Thanks for posting them anyways.I clearly wrote that the summary of transactions is from reading the complete reports of world reowned real estate consultants like Cushman & Wakefield,CBRE,DTZ.
Please visit http://www.cbre.co.in/india/eng/marketreports.aspx ,
http://www.cushwake.com/cwglobal/jsp/kcLocalReportArchive.jsp?Country=2200179&Language=EN®ion=Asia§or=office&catId=100004&city=2200179&_requestid=969398
http://www.dtz.com/Global/Research?checkVal=Y&title=&geography=d3fe7990dba70210VgnVCM1000000c46600aTAXC§or=604f7990dba70210VgnVCM1000000c46600aTAXC&submit=Search
Please read the reports for the quarters mentioned in the post,you will come to know that my post is not false.
Thanks for the info.