Posted: April 12th, 2012 | Author: Tropical Habitat | Filed under: Properties | Tags: Bangalore, Bangalore Development Authority, Engineering college, HSR Layout, International school, IT Corridor, Kasavanahalli, Madiwala, Outer Ring Road Bangalore, Real estate, Sarjapur Road, Wipro | No Comments »
Owner’s Court is a property in Sarjapur Road, the hottest property market in Bangalore/Bengaluru at the moment. The area is resplendent with apartments complexes and villas in the vicinity. These are the sites available for purchase at Kasavanihalli. On procuring all the properties together, the dead end road comes as a Bonus.
- Name: Owner’s Court
- Location: Kasavana Halli, Sarjapur Road
Direction: East and South Facing.
- 1. 6246 sqft.facing east and south(corner)
- 2. 39,610 sqft
- 3. 39,610 sqft
- 4. 16,500 sqft facing East.
Extra: It is a dead end road and when a single owner buys it the road comes as a bonus which is 40 feet wide & 365 feet long.
- Hospitals: Many of them; St.John’s being Famous
- Schools: many International Schools, Amruthmai Engineering College, Medical College
- Companies: Wipro and many others IT companies on Ring Road
- Malls: Total Mall
- IT Parks: On Ring Road
- Parks and Playgrounds: Yes
Read the rest of this entry »
Posted: May 25th, 2012 | Author: Tropical Habitat | Filed under: Locations, News | No Comments »
US banking group Goldman Sachs has agreed to take on lease 1.6 million sq ft of office space – an area the size of nine football fields – in Bangalore, in what is the biggest recorded commercial property deal to date in India.
The two-step transaction, according to people familiar with the transaction, will see the New York-headquartered investment bank initially taking up one million square feet. Another 600,000 square feet will be taken up in the second step of the transaction. The space, housed in a purpose-built block of three buildings for Goldman, is located on Bangalore’s Sarjapur outer ring road. To be built on 14 acres by local builder Kalyani Developers, it will be ready in 2017 and house a bulk of the bank’s staff in Bangalore, now scattered across six offices in a city IT park. A spokesman for Goldman’s Asian operations confirmed the bank had taken on lease one million square feet. “This new lease is…to consolidate our presence and to accommodate future growth in the country,” he said. A senior executive at Kalyani, asking not to be identified, also confirmed the deal.
The transaction is welcome news for the commercial property business, which has been plagued by overcapacity and hit hard by the economic slowdown that has crimped demand for office space. While the slowdown has meant a sharp drop in new ventures seeking space, even businesses that need office space are choosing to adopt a wait-and-watch strategy in the hope of sealing deals at lower prices. Goldman employs 4,000 people in Bangalore, performing back-office functions as varied as technology, finance and other operations.
Sarjapur Road Deal Hints at Major Ramp-Up
A deal for office space of this size suggests a major ramp-up by Goldman in India in the years ahead, with commercial property market experts estimating that one million square feet of space can seat around 10,000 people. In March this year, Goldman held its annual board meeting in Mumbai and Delhi. The assembly of all its high-profile directors in India for three days was widely viewed as an acknowledgement of the importance it attaches to the country. Goldman, which was advised by real estate consultant CBRE, will pay a rental of around Rs 49 per square foot a month, which works out to Rs 60 crore a year as rent for the one million square feet. CBRE declined to comment. The bank has also engaged New Yorkbased architect Pei Cobb Freed & Partners, which was the key designer for the modernisation of the Grand Louvre in Paris, to design the building and the workspace.
Previous single-location lease deals in India have been well short of the one million square feet mark and this one easily beats the previous record – IT firm Cisco’s deal for 700,000 square feet earlier this year, also in Bangalore. This deal is the second big real estate transaction involving a US bank in recent weeks. Last month, Citigroup bought a building with 297,000 square feet of space in Mumbai’s Bandra Kurla Complex for Rs 985 crore to house its India headquarters from a consortium led by the Purnendu Chatterjee Group. According to property advisory firm CBRE, demand for office space slowed down in the January-March 2012 quarter, with around 4.1 million sq ft getting absorbed across the top cities in India, compared with almost 6.5 million sq ft in the previous quarter.
Posted: April 12th, 2012 | Author: Tropical Habitat | Filed under: Locations | Tags: Bangalore, Bangalore Development Authority, Bannerghatta Road, BTM Layout, Hosur Road, India, IT Corridor, Mysore Road, Outer Ring Road Bangalore, Sarjapur Road | No Comments »
Outer Ring Road is a road that runs around most of the perimeter of Bangalore, India. This 62 km long road was developed by the Bangalore Development Authority and different sections were opened progressively between 1994 and 2002. This road connects all major highways around the city – Tumkur Road (NH 4), Bellary Road (NH 7), Old Madras Road (NH 4), Hosur Road (NH 7), Bannerghatta Road, Kanakapura Road (NH 209), Mysore Road (SH-17) and Magadi Road. It passes through major suburbs such as Hebbal, Banaswadi, Krishnarajapuram, Marathahalli, Madiwala, BTM Layout, JP Nagar, Banashankari, Kengeri, Bangalore University, Nagarbhavi, Nandini Layout and Gokula.
Initially conceived to keep the truck traffic out of downtown Bangalore, the city has outgrown the Outer Ring Road. Nandi Infrastructure Corporation Limited has almost completed another partial ring road around Bangalore as a part of the Bangalore Mysore Infrastructure Corridor project (BMIC). The BDA and BMRDA have planned three more ring roads beyond the existing ring road.The first of these, the Peripheral ring road will run a few kilometers beyond the BMIC-PRR. The second and third of these will be known as the Intermediate ring road and the satellite towns ring road respectively.
Core Ring Road
The Bangalore Core Ring Road is a proposed expressway system for the congested Indian city of Bangalore. It was proposed by the Bangalore Development Authority as part of a “Master Plan 2005-2015″ for improvements to the traffic in the city. The proposal involves overpasses at every junction, a prohibition on right-hand turns, and free left-hand turns, allowing, it is claimed by the proposers, for the smooth and continuous flow of traffic. The proposed Core Ring Road will accompany the already existing Intermediate Ring Road, Outer Ring Road, and Peripheral Ring Road.
Inner and Intermediate Ring Road
RCC Magic Box is used to build an underpass at Madiwala at the junction off Hosur Road and Inner Ring Road. The Inner ring road in Bangalore is link road connecting Indiranagar and Madiwala. A number of MNCs such as IBM, Dell, Lenovo, Continuous Computing and Microsoft are located along this road. The Northern end of the road, beyond Old Airport Road is called 100 ft Road Indiranagar.
The IRR forms an important link for the Information Technology Corridor, which extends through Whitefield – Airport Road – Koramangala – Hi Tech City (proposed) and finally to Electronics City. A number of important companies in IT industry have their offices in the “Embassy Golf Links” just off the IRR. A big flyover has been constructed at the Domlur Junction of the IRR. It has helped in the decongestion of traffic at the Domlur signal. Much of the land around the IRR is fenced barren defence land, which eliminates instances of people or animals crossing the road.
Posted: April 12th, 2012 | Author: Tropical Habitat | Filed under: Locations | Tags: Bangalore, Bird migration, India, IT Corridor, Kannada, Madiwala, Rajiv Gandhi Salai, Sarjapur Road, Spot-billed Pelican, Sri Lanka | No Comments »
Madiwala is a locality in Bangalore, India. It is a bustling center of activity from grocery markets to IT to shopping mall. Being at the center of the IT corridor it is well known across Bangalore. St. John’s Medical College Hospital, a renowned missionary hospital, is at Madiwala. Widely spoken languages are Kannada, English, Tamil, Telugu, Malayalam, and Hindi.
Madiwala Lake sees a huge number of Spot-billed Pelican migration in the winter (November–December). These pelicans live in groups. The main food is fish. Pelicans take small flight across the lake for fishing. These birds can also be sighted in Sri Lanka. Typically their wingspan is about 8.5 ft (2.6 m). Local people have great love towards these migratory birds. Egrets can also be sighted along with these pelicans. Madiwala Lake is one of the biggest lakes in Bangalore. Its area is 114.3 ha (0.441 sq mi; 1.143 km2). It is situated in the BTM Layout at 12° 54′ 28″ North, 77° 37′ 0″ East. It is a home to many migratory birds. Madiwala Lake comes under the administration of Karnataka State Forest Department which carries out the routine maintenance of this lake. Its park areas include a children’s park and a parking lot.
Posted: April 12th, 2012 | Author: Tropical Habitat | Filed under: Locations | Tags: Agara Bangalore, Bangalore, Bangalore Metropolitan Transport Corporation, Hosur Road, HSR Layout, India, Koramangala, Sarjapur Road, Venkatapura | No Comments »
Hosur Sarjapur Road Layout (Kannada: ಹೆಚ್ ಎಸ್ ಆರ್ ಬಡಾವಣೆ), popularly known as HSR Layout is a relatively new suburb located to the south-east of Bangalore/Bengaluru, India. The layout, which is built on land reclaimed from the Agara lake, is located between Hosur Road and Sarjapur Road.
Ever since the growth of the real estate market in Bangalore, this area has witnessed a dramatic rise in the residential housing, partly owing to its proximity to the commercial areas of the city. This has led the land prices to skyrocket in recent years. In its early stages, this area was neglected by the civic authorities. Now it has facilities such as a police station, post office (Pin Code: 560102 Earlier: 560034), Water Board office, electricity office, and numerous banks. Like many residential areas in Bangalore, HSR Layout is divided into Sectors (Sectors 1 through 7), which are criss-crossed by main roads and cross roads. Main roads run north-south and Cross roads run east-west. Some part of the neighboring villages such as Agara, Parangipalya, Venkatapura, Mangammanapalya and Hosapalya are also part of HSR Layout. Designed based on modern town planning principles, the layout has a centralized BDA Complex, which houses the city administrative offices. It also has a number of small parks in various parts of the layout.
Most of the layout consists of independent houses and low rise blocks. There are some pockets of the layout where larger apartment blocks are seen. Some of these good residential apartment blocks include Sobha Daffodil, Rich Homes Apartments, Nagarjuna Apartments, Mantralaya Apartments among many others in Sector-2.
HSR Layout is about 7 km from Bangalore’s other large residential area of Jayanagar, and 2 km from Koramangala. Once considered to be far from Bangalore, it is today one of the best residential areas in Bangalore and is well connected by BMTC buses. Due to the low lying nature of the layout, some parts of the layout were flooded during the seasonal rains in the past few years. The city administration have now built flood drains to address this problem. Recently the corporators of HSR Layout have built strom water drains and asphalted the roads. The main roads are quite well maintained. Drains in HSR Layout sector 7 has been cleaned and cemented recently. Due to its close proximity with electronic city and other companies, there has been massive development in this area. You can find almost all the banks and their ATM’s in HSR Layout. Pathanjali (Baba Ramdev) clinic which provides herbal medicines is also located here.
- Sandz Bharathi Institute of Management
- Chinmaya Vidya Mandira
- SVR Public School
- Kids Paradise
- Little Paradise Sschool
- Cambridge Public School
- Freedom International School
- Lawrence School, ICSE
- JSS Public School
- Prathama – The First Step
- National Public School
- National Institute of Fashion Technology
- Oxford College of Science
- VIBGYOR High
Posted: April 12th, 2012 | Author: Tropical Habitat | Filed under: Locations | No Comments »
The Country Club on Sarjapur road is of truly International standards. It is the most popularly accessible club from the heart of the city. From being perfectly landscaped to having world class facilities and lots of entertainment this club is just the place to relax. And just like all the other Country Clubs, this club has all the facilities the Country Club chain has to offer. Accommodation facility is also available in Sarjapur Club. Here are just a few of the facilities:
- Swimming Pool
- Health Club
- Lawn Tennis
- Children’s play area
- Volley Ball
- Basket Ball
- Banquet Hall
- Bar & Restaurant
Total area: 3.5 Acres (Appx.)
Distance from Airport: 5 Kms
Bus Station: 12 Kms
Railway Stn: 12 Kms
The Country Club
Varthur Hobli, Deevarabeesanahalli,
Sarjapur Road, Bangalore/Bengaluru,
Ph: 080-56974482, 57676386, 57676387
GPS points ( 12deg55’53.23”N 77deg41’14.96”E )
Posted: April 11th, 2012 | Author: Tropical Habitat | Filed under: Locations | Tags: Bangalore, India, Information technology, Infosys, Karnataka, Karnataka Government, Marathahalli, Sarjapur Road, Whitefield, Wipro | No Comments »
The Karnataka Government has identified an ‘IT Corridor’ in Bangalore and is expected to spend a whopping Rs. 200 crore over the next two years developing it. The Hosur-Sarjapur stretch is touted to be the IT corridor in the high-tech hub of India. The IT corridor in Bangalore houses flag-bearers of the Indian software industry, Wipro, Infosys, Digital Global Soft, among others. Thanks to the almost finished fly-over, traffic is expected to smoothen over coming months making it easier to commute for the hundreds of IT professionals travelling in out of the corridor everyday.
Posted: April 11th, 2012 | Author: Tropical Habitat | Filed under: Locations | 1 Comment »
Bangalore is the original Information Technology (IT) destination of India. For the past few years many Information Technology enabled Services companies have set up offices in Bangalore. This has created an active demand for commercial and residential properties in Bangalore. In the commercial segment of the Real Estate scene in Bangalore, office spaces are the most in demand due to many IT companies either shifting base to Bangalore or expanding their office floor area in the city. The property developers are also catering to the customers by building ‘state of the art’ constructions. Some example of this trend is the environment friendly ‘Green Office’ buildings. The retail segment in the Real Estate scene in Bangalore is also strong; thanks to the rise in disposable income among Bangaloreans. Bangalore city is expanding and this will bring a plethora of opportunities in the real estate sector for prospective investors in Bangalore.
The Karnataka Government has identified an ‘IT Corridor’ in Bangalore and is expected to spend a whopping Rs. 200 crore over the next two years developing it. The Hosur-Sarjapur stretch is touted to be the IT corridor in the high-tech hub of India. The IT corridor in Bangalore houses flag-bearers of the Indian software industry; Wipro, Infosys, Digital Global Soft, among others. Thanks to the almost finished fly-over, traffic is expected to smoothen over coming months making it easier to commute for the hundreds of IT professionals travelling in out of the corridor everyday.
Posted: April 11th, 2012 | Author: Tropical Habitat | Filed under: Locations | Tags: Bangalore, Gunjur, Infosys, Madiwala, Marathahalli, Real estate, Sarjapur Road, Whitefield | No Comments »
South and East Bangalore are nearing saturation. But if there’s one area that’s still seeing significant real estate action, it’s Sarjapur Road. Development in the area started later, and now, on account of its proximity to the IT clusters around Madiwala, Outer Ring Road (ORR), Whitefield and the Marathahalli-Sarjapur stretch, as also commercial developments along the road, the stretch is hot property.
Wipro came up with a campus on the road some five years back. Infosys has acquired 202 acres in the area to set up an IT SEZ, which is expected to become operational this year. Analysts say Infosys’ announcement about its project triggered developer activity, anticipating greater residential demand. Land prices in Sarjapur village shot up from Rs 75 lakh to Rs 2-3 crore an acre. Sobha Developers has a 130-acre land in Gunjur, on the Whitefield-Sarjapur Road stretch. India REIT and SunCity, Mantri Developers and Salarpuria have land parcels in and around Sarjapur Road.
“The Varthur-Sarjapur Road stretch is seeing villas coming up. The area has the potential for capital value appreciation,” says Naresh Dandapat, regional director-south for property consultancy Knight Frank India. Karun Varma, MD-Bangalore of property consultancy Jones Lang LaSalle India, says Sarjapur Road has a large number of upwardly mobile IT/ITES employees. “Proximity to employee catchment areas and availability of ready-to-occupy/under construction Grade A office spaces make it a preferred destination,” he says. The total Grade A office space on the adjoining ORR was 20 mn sft till last year. An additional supply of 3.93 mn sft is expected this year, according to a report by real estate consultancy Cushman & Wakefield.
Capital values on Sarjapur Road have been more affordable compared to some of its upmarket neighbourhoods. “You have an entry-level pricing of Rs 3,500 per sft compared to Rs 7,500 in Koramangala or Rs 4,500 in Whitefield,” says Sobha Developers MD J C Sharma. Mantri Flora, Divyashree Elan, Purva Skywoods, Springfield Apartments, Sobha Cinnamon are some of the prominent developments in the area. Capital values have been appreciating. For instance, Mantri Flora was available at Rs 3,000 per sft two years back; now it is said to be about Rs 4,000 per sft.
“There are close to 2 lakh employees working in the ORR stretch. So Sarjapur Road is emerging as a busy IT corridor. It has a good mix of educational institutions and retail outlets. Many hospitality players like Hilton, Shangri-La and Novotel are coming up on Sarjapur Road,” says Sushil Mantri, CMD of Mantri Developers. Healthcare facilities are provided by Vikram Hospital in Marathahalli and Sai Baba Hospital in Whitefield.