| International Corporate Playing Ground
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| | duty free capital goods and raw material.
|
| Bangalore, popularly known as the
| |
| | The movement of goods to and fro between
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| knowledge capital of India has become a
| |
| | ports and SEZ are unrestricted for
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| hottest real estate destination for
| |
| | attracting foreign and domestic
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| investors across the world. Real Estate
| |
| | investments. As setting up of SEZs is the
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| Bangalore has attracted Indian bigwigs
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| | flavor of the season among most Indian IT
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| like Infosys and Wipro to global majors
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| | firms therefore India real estate
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| like IBM and Dell and hordes of other
| |
| | developers are also marching ahead by
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| international corporate giants towards
| |
| | setting up similar office space for
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| real estate and the quest of space is for
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| | having a sound grip in the real estate
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| hundred and hundreds of acres.
| |
| | investment.
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| Special Economic Zone
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| | Bangalore After 5 Years
|
| The sudden demand of huge space in
| |
| | So, far Infosys has built 2.1 million sq
|
| Bangalore is a result of keen interest
| |
| | ft of office space at its 10 development
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| shown by Infosys Technologies and other
| |
| | centers this financial year and it plans
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| revered companies such as Wipro
| |
| | to rise up the space to 4.1 million sq ft
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| Technologies in development of
| |
| | office space by next fiscal. This step is
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| commercial property in India. Infosys
| |
| | taken to meet the future requirement of
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| plans to set up a 50-acre special
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| | the company as the company is going to
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| economic zone in (SEZ) in Mysore, and has
| |
| | employ more people in the near
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| been allotted another 311 acres of land
| |
| | future.World-class IT parks are the
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| in Mangalore for similar purpose in the
| |
| | latest buzz in the real estate segment
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| next fiscal.
| |
| | and Bangalore is no exception in this
|
| IT Parks & Township
| |
| | regard. The world class International
|
| The development of SEZs, IT parks and
| |
| | Technology Park, Electronics City and
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| integrated IT townships is the next wave
| |
| | Export Promotion Industrial Park of the
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| in the technology sector after the
| |
| | city have attracted global corporations
|
| software boom. It's going to be a big
| |
| | of high stature such as Dell, Microsoft,
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| high for the realty sector as it has been
| |
| | HSBC, Cisco and several Indian firms like
|
| estimated by the experts that the IT and
| |
| | Infosys and Wipro, to open facilities in
|
| BPO industries will be employing an
| |
| | Bangalore.
|
| additional workforce of approximately 1
| |
| | Real Estate Market Boom At Bangalore
|
| million workers within a couple of years.
| |
| | The real estate market of India is
|
| These future infrastructure demands can
| |
| | presently growing at 30% per annum but it
|
| be met through integrated IT townships
| |
| | is expected to grow from the current $15
|
| and SEZs to sustain the country's global
| |
| | billion to $100 billion in the next 10
|
| leadership position in the IT sector.
| |
| | years. With the involvement of companies
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| Foreign & Domestic Investments
| |
| | like TCS, Infosys, Wipro and Satyam which
|
| The benefits of developing SEZs are
| |
| | invest in capital expenditure (capex)
|
| diverse as these areas are specifically
| |
| | while acquiring property for operations,
|
| designated for encouraging growth of
| |
| | the real estate market of Bangalore and
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| exports, having full flexibility of
| |
| | India is going to witness a meteoric
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| operations that are permitted to import
| |
| | rise.
|
