Bangalore - IT Parks & IT SEZs thread

[amitlokareec]

Ø IT/ITES - M/s. Poornimadevi Tech Park Private Limited, Sulikere Village, Kengari Hobli, Bangalore South Taluk, Bangalore, Karnataka
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SEZ / IT Parks

Poornimadevi Tech Park Pvt Ltd has been providing efficient and trusted real estate services for over 14 years now and whether you are looking for space in a SEZ or an IT Park for your IT/ITES needs, look no further. A company that leads rather than follows, we offer our clients a unique combination of ‘ears-to-the-ground’ approach and access to real estate expertise of the highest caliber. Known for our strategy and excellent negotiating skills, we are synonymous with high quality services. Being a premium brand, we offer our clients a long term view of real estate and invest in strategic relationships. From 2000 square feet incubation spaces to 1 million square feet of floor space, our flexible solutions will ensure you find exactly what you need. Rent/Lease? We will guide you accordingly to ensure that you just have to plug and play with no hassles or headaches.

Special Economic Zone

SEZs are specially delineated duty free enclaves for the purpose of trade, operations, duty and tariffs. These zones are self-contained and integrated with their own infrastructure and support services. We focus on providing incubation Office Space ranging from 2000 square feet up to 1 million square feet. At Goodwill, we are looking to be a partner in all your endeavors at growth and expansion. As a partner, we view your future plans and advice accordingly ensuring that you get the best deal with a long term vision and not short sighted impulsiveness.
Facilities range from basic telecom and Wi Fi/ Wi Max internet connectivity and dedicated parking spaces to the tertiary support facilities such as well lit roads with signage, education Institutions, treatment plants, fire safety devices, housing/ service apartments, food courts and medical centers. Recreation facilities are not ignored with club house, swimming pool, Indoor/Outdoor games and gymnasiums and retail shopping spaces.

IT or Information Technology Parks spearheaded the software revolution back in the 90s and continues to be the backbone of IT/ITES services in India. While providing excellent infrastructure and the required statutory support to further enable the growth of Information Technology, IT Parks are versatile and offer many facilities and benefits to those looking for office spaces. IT Parks were built to provide the necessary support for technology focused companies to do what they did best without worrying about the infrastructure & facilities required to make it happen.
We at Poornimadevi Tech Park Pvt Ltd endeavor to do the same by taking care of all your real estate needs in this sector whether it is just office space, incubation spaces or fully fledged R&D centers. Outsource your real estate requirements to us and we will forge a partnership that will stand the test of time.


Source:
http://www.99acres.com/customised/po...l-property.htm

[sunilkumar]

Embassy Group has updated their Website & they have launched some New Projects.

Embassy TechZone Whitefield -60 acres

Embassy Knowledge Park, Bangalore -200 acres

[sunilkumar]

Embassy Knowledge Park, Bangalore -200 acres

Master Plan

Oct 03 2011
HDFC fund to invest $90 mn in Embassy Knowledge Park

HDFC India Real Estate Fund International Llc, the overseas real estate-focused private equity (PE) fund of Housing Development Finance Corp. Ltd (HDFC), is investing $90 million (around Rs.440 crore) in an information technology (IT) park coming up in Bangalore.

The $800 million fund will pick up a stake of about 40% in the 200-acre project being planned near the Bangalore airport, said two people familiar with the development.

Embassy Property Developments Ltd, a city-based builder, will develop the project.

“It is a long-drawn, nine-year project, which will primarily have IT along with some residential space, and will throw up nearly 25 million sq. ft of development,” said one of the two people cited above. “The plan is to get many large IT companies to set up offices here and repeat what was successfully done at Manyata Tech Park, for example.” Embassy Property didn’t respond to an email query sent on Thursday.

The company had filed last year for a Rs.2,400 crore initial public offering, but has not gone to the market yet. Real estate analysts blamed this on market volatility, which has forced other property firms as well to hold back listing plans.

PE funds and developers have in the past year focused more on residential projects than office or retail spaces because of a lower risk quotient. But HDFC’s investments in non-residential projects have been rewarding. Its PE funds exited their investments in two earlier Embassy projects with substantial returns.

“The fund had invested Rs.209 crore in Manyata Tech Park and exited with Rs.544 crore. In the Embassy Golf Links project, it had acquired two buildings for Rs.53 crore and exited with Rs.201 crore,” said the second person mentioned earlier.

“Though there are challenges involved in non-residential projects like finding the right location, partner and product to begin with, large investments in this space also offer great opportunities with potential of good returns,” said Ambar Maheshwari, managing director, corporate finance, Jones Lang La Salle India, a property advisory. Like in this case of HDFC and Embassy, the comfort factor between the fund and the developer plays an important role in facilitating repeat investments, he said.

[arjun66618]

Hi SSC forum, im a new user.. Could any one let me know if there are any proposals for any IT/ITes SEZ near by Yelahanka / Doddaballapur Road??

[naveen_blr]

Originally Posted by arjun66618

Hi SSC forum, im a new user.. Could any one let me know if there are any proposals for any IT/ITes SEZ near by Yelahanka / Doddaballapur Road??

You dont have to go far there is a proposal for ITIR which is like a huge project

[ravi_007]

http://www.hindu.com/2007/02/17/stor...1723300300.htm


The issue was "solved" by the exchange of money bw Honeywell and KSPCB.

[rockystone]

TCS plans to buy Rs 300 crore land in Bangalore for training 40,000 professionals

http://economictimes.indiatimes.com/...w/10929049.cms

IT major, Tata Consultancy Service is in the process of buying 35 acre SEZ plot in Bangalore suburb Whitefield for a total consideration of over Rs 300 crore.

"Salarpuria Sattva is aggregating land for TCS and the land deal is expected to conclude shortly. When fully complete, the new campus will accommodate up to 40,000 professionals with the potential to develop 3mn sft," said three people having direct knowledge of the development.

A detailed email sent to TCS did not elicit any response.

Currently, land value in Whitefield ranges between Rs 12 core and Rs 20 crore per acre.TCS currently occupy 3 lakh sft in Gopalan SEZ in Whitefield.

Separately, the leading IT services, business solutions and outsourcing firm, is also setting up a new learning and development campus in Thiruvananthapuram (Trivandrum), Kerala.

Set over an area of 82 acres in the Technopark region of the southern city, TCS will invest Rs 10 billion on the proposed project, which will become the company's training center once completed, the company had earlier said in a press release.

The new campus will accommodate up to 10,000 professionals and offer TCS' leading edge learning curriculum to candidates joining TCS straight out of colleges once fully operational. The construction for

the new facility is expected to be completed within 36 months from the date of commencement.

As of September 30, 2011, TCS employed 214,770 professionals. The Mumbai headquartered company has a global presence with 145 offices in 42 countries and 106 delivery centers in 20 countries, according to company's website.

Whitefield (east of Bangalore) has seen at least a dozen land transactions in the last few months due to lower land prices and rising demand among corporate. Recently, Shriram Properties purchased

27 acre for Rs 146 crore, RMZ Corp has bought 28 acres for Rs 133 crore and Total Environment Building Systems picked up 18-acre for Rs 150 crore.

[naveen_blr]

Originally Posted by rockystone

TCS plans to buy Rs 300 crore land in Bangalore for training 40,000 professionals

http://economictimes.indiatimes.com/...w/10929049.cms

IT major, Tata Consultancy Service is in the process of buying 35 acre SEZ plot in Bangalore suburb Whitefield for a total consideration of over Rs 300 crore.

"Salarpuria Sattva is aggregating land for TCS and the land deal is expected to conclude shortly. When fully complete, the new campus will accommodate up to 40,000 professionals with the potential to develop 3mn sft," said three people having direct knowledge of the development.

A detailed email sent to TCS did not elicit any response.

Currently, land value in Whitefield ranges between Rs 12 core and Rs 20 crore per acre.TCS currently occupy 3 lakh sft in Gopalan SEZ in Whitefield.

Separately, the leading IT services, business solutions and outsourcing firm, is also setting up a new learning and development campus in Thiruvananthapuram (Trivandrum), Kerala.

Set over an area of 82 acres in the Technopark region of the southern city, TCS will invest Rs 10 billion on the proposed project, which will become the company's training center once completed, the company had earlier said in a press release.

The new campus will accommodate up to 10,000 professionals and offer TCS' leading edge learning curriculum to candidates joining TCS straight out of colleges once fully operational. The construction for

the new facility is expected to be completed within 36 months from the date of commencement.

As of September 30, 2011, TCS employed 214,770 professionals. The Mumbai headquartered company has a global presence with 145 offices in 42 countries and 106 delivery centers in 20 countries, according to company's website.

Whitefield (east of Bangalore) has seen at least a dozen land transactions in the last few months due to lower land prices and rising demand among corporate. Recently, Shriram Properties purchased

27 acre for Rs 146 crore, RMZ Corp has bought 28 acres for Rs 133 crore and Total Environment Building Systems picked up 18-acre for Rs 150 crore.

Nothing to negate this but then I hope this is not a substitute for 100Acres near Devanahalli

[naveen_blr]

What i find funny here is 35 Acres for 40k people while Infy has 360Acres for 18-25k people :-)

Economy vs Business Class

[gentem]

That was mohandas pai's sarjapur plan to buy land from farmers, him being fired now infy back fast track. Govt should allow max 50 acre of agri land conversion to commercial use there But holding up full is not advisable, ok if it will benefit kolkata rajarhat. But sarjapur is more outskirt than whitefield with 3 malls

[avinash2060]

MSR SEZ located on the Outer Ring Road Sarjapur, With a total built up area of thirty lakh sq feet, is set to house the largest corporations in the Silicon Valley of India.
http://msramaiahdevelopers.com/futureproject.html

[HedonistAtBlr]

^ That little building is unlikely to even have three lakh sq ft let alone thirty

[gentem]

Microsoft opens new centre in Bangalore
IANS | Dec 8, 2011, 05.18PM IST

The Bangalore centre will support its services in powering business-critical and mission-critical applications for leading corporations across 65 countries worldwide

BANGALORE: Software major Microsoft opened a global delivery centre in India's technology hub for providing consulting and enterprise services to its clients worldwide.

The Bangalore centre, which is the company's second in the country after setting up a similar facility in Hyderabad in 2005, will support its services in powering business-critical and mission-critical applications for leading corporations across 65 countries worldwide.

"Our services bring the expertise on key technologies to help customers plan, deploy and run their IT landscapes," Microsoft Consulting Services business general manager Kristin JOhnsen said in a statement.

"We have mature delivery process for global deployments. Local teams here work on leading edge products and technologies including Office 365 and Windows 7 deployment," Microsoft Services' global delivery general manager Amit Sircar said in the statement.

[dino_srk]

Karnataka expects IT exports from the state to touch Rs 1 lakh crore in the current financial year. IT exports from the state stood at about Rs 85,000 crore during the 2010-11 financial year.

“IT sector in the state is growing at about 22 per cent and we hope to touch Rs 100,000 crore of IT exports during the current fiscal,” the State IT Department Principal Secretary, Mr M.N. Vidyashankar, told PTI here today.

IT companies, including MNCs, that have set up shop in Karnataka find the talent to be of global standards, he noted.

Research and development activities have increased tremendously, he said, adding that a greater number of companies are expanding their operations and hiring young talent in the state.

“The IT industry in Karnataka has provided direct employment to about eight lakh persons, which is expected to touch nine lakh by 2012,” Mr Vidyashankar said.

He said the Government is taking necessary steps for initiating the tender process for the selection of a Master Developer for the proposed Information Technology Investment Region (ITIR) project in the state.

ITIR, an integrated IT city covering a geographical area of about 40 sq km, is proposed to be developed in the vicinity of the Bangalore International Airport near Devanahalli. The state government would take up the project in two phases.

“In the first phase, about 2,000 acres of land would be acquired. The project would be developed on a PPP mode. The ITIR project is expected to attract an investment of over Rs 1 lakh crore, with potential employment of about three million,” Mr Vidyashankar said.

He also said that the Government has submitted a proposal to the Centre for establishing an Indian Institute of Information Technology at Dharwad in North Karnataka under the PPP mode through a partnership between the Government of India, state government and industry.

Source:http://www.thehindubusinessline.com/...cle2708599.ece

[s.yogendra]

Bangalore to have IT investment region

South Indian state Karnataka, the hub of country''s IT business, will soon have an integrated IT city in the vicinity of Bangalore International Airport near Devanahalli.

The state government has drawn up plans to develop an Information Technology Investment Region (ITIR), the IT city covering a geographical area of about 40 Sq Kms, near the airport region.

M N Vidyashankar, Principal Secretary in the IT department, said the government was taking necessary steps for initiating the tender process for selection of Master Developer for the ITIR project.

The proposed project would be completed in two phases, he said.

"In the 1st Phase, about 2000 acres of land would be acquired. The project would be developed on PPP mode. The ITIR project is expected to attract investment of over Rs one lakh crore, with potential employment of about three million", Vidyashankar said.

He said the IT exports from the state was likely to touch Rs one lakh crore in the current financial year. The state recorded IT exports of about Rs 85,000 crore during the financial Year 2010�11.

"IT in the state is growing at about 22 per cent and we hope to touch Rs 100,000 crore of IT exports during the current fiscal", he added.

http://news.in.msn.com/business/arti...mentid=5671993

[rockystone]

Goldman Sachs picks up 25 acres in Bangalore's ORR

http://www.thehindubusinessline.com/..._companies_art

In what could be one of the largest land deals in Bangalore this year, global investment banking firm Goldman Sachs has signed up 25 acres of land on the Outer Ring Road. The land has a development potential of 2.5-million-sq-ft office space with an employment potential of 25,000. The space would be developed by Kalyani Developers.

An official of a real estate services firm, who did not wish to be named, told Business Line that Phase I of the development would be completed in 2013, while the second phase would be completed in 2015. According to him, the company has already signed a Letter of Intent with the developers.

The company is looking at relocating completely from its existing offices in Manyata Tech Park and Embassy Golf Links, he said. Real estate analysts estimate that land in the Outer Ring Road area could be priced at about Rs 6,000 a sq ft.

Infosys too has recently signed up for 1 lakh sq ft SEZ space at Bagmane World Trade Centre on the ORR, which could be the Indian IT behemoth's first non-captive space in the city. An Infosys spokesperson confirmed the development.

Other important deals this year include Wipro (1.3 lakh-sq-ft SEZ space at Pritech Park on the ORR), Accenture (87,000 sq ft – Pritech Park), and Ericsson (3.5 lakh sq ft – Bagmane WTC) — all in Q1 of 2011.

In the second quarter of this year, Cisco signed up for 3.75 lakh sq ft (Vrindavan Tech Village and Salarpuria Hallmark on the ORR) and Accenture (1.3 lakh sq ft at Pritech Park). In Q4 of 2011, Aricent Technologies took on lease 2 lakh sq ft (Prestige Etamin on the ORR) and Sunguard (2 lakh sq ft – Umiya Business Bay on the ORR).

[gentem]

How many WTC in bangalore? Or is it World Technology Center?? or is it this:

Originally Posted by avinash2060

http://lite.epaper.timesofindia.com/...=&publabel=TOI


EMC on Bagmane World Storeage Centre in KR Puram

EMC Data Storage Systems India Pvt. Ltd.,
Bagmane World Technology Center,
KR Puram Marathahalli Ring Road,
Mahadevapura, Doddanekundi Village,
KR Puram Hobli,
Bangalore - 560 048
Phone: +91-80-67375000
http://india.emc.com/contact-us/contact-us.htm

[avinash2060]

Originally Posted by gentem

How many WTC in bangalore? Or is it World Technology Center?? or is it this:

There can only be one World Trade Center in one economic Region for which brigade has License.there can be World Tech Center or any centers barring Trade

[gentem]

The report says "Bagmane World Trade center", news reporter's mistake

[avinash2060]