LOCATION ANALYSIS PURVA ATTRIA. March 2013

Transcription

1 LOCATION ANALYSIS PURVA ATTRIA March 2013

2 Contents 1 Bangalore City Overview Micro-market Overview Key Residential & Commercial Development & Social Infra Infrastructure Initiatives Location Transition 5 6 Key Drivers 6

3 1 Bangalore City Overview City Map In the last decade, the city has witnessed a remarkable transition as a major IT/ITeS & Biotech destination in India City Overview From being a pensioner s paradise, the city has transformed into an established IT/ITeS destination, In addition the city is well known for its pleasant climate and being the most cosmopolitan city in the country 1 Tumkur Road NICE Interchange Yeshwanthpur Outer Ring Road The city witnessed a significant surge in population since From about 5.7 million in 2001, the population of the city grew to about 8.9 million people in 2011 Over the past decade Bangalore has witnessed exponential growth in the influx of IT/ITeS and BPO services, this is also complimented by availability of large talent pool in the city Mysore Road Mysore Road NICE Interchange Silk Board Hosur Road NICE Interchange KR Puram Marathalli Sarjapur Rd. Purva Skywood Major Statistics Population 8.9 million (2011) Population Density 11,371 per sq. km. Literacy Rate 80% (2011) Investment approved in INR 27,195 million Bangalore is amongst the top 10 preferred entrepreneurial locations in the world Bangalore is also emerging as the top destination for startups in India

4 Micro-market Overview BEL Road - Map Micro-market brief BEL Road 80ft road off BEL Road is an established residential hub, characterized primarily by independent dwelling units, BDA formed layouts, private layouts and medium scale apartments Subject location is prime residential micro-market with established social and physical infrastructure Further the location is also heralded as an established educational hub in the city on account of presence of numerous prominent educational and research institutions Some of the prominent educational institutions in this quadrant include Ramiah Institute of Technology and Medical Sciences, IISC (Indian Institute of Science), University of Agricultural Science, Attria Institute of Technology etc. Impact of Development The location has witnessed perennial demand for high-end housing owing to its proximity to CBD as will as preferred housing destination among the traditional Bangaloreans With significant rise in traction location is considered to emerge as an epicenter micro-market of Bangalore 2 Location heralded as the most sought after residential micro-markets in the city going forward with increased traction location is expected witness demand for high-end developments

5 RMV Hospital MS Ramiah Hospital MS Ramiah Institutions Movenpick Indian Institute of Sciences Pebble Bay Mapping of Key Residential & Commercial Development & Social Infrastructure Map capturing residential, commercial & social infrastructure in the micromarket Four Seasons University of Agricultural Sciences Green County Public School Baptist Hospital Briagade Magnum Briagade Calladium RMZ Latitude Godrej Platina Embassy Lake Terraces Esteeem Mall Advantage Raheja Siroya Environ Attria Institute of Technology Completed Residential Project Under Construction Residential Project Planned Residential Projects Schools & Colleges Research institutes Hospitals & Medical centers Retail Hubs Commercial Development Hiranadani Hospitality Development Retail High Street Kirloskar Tech Park Columbia Asia Hospital Karle Tech Park Manyata Tech Park Equinox Waters Edge Name of the development Prominent Residential Projects No. of Units Location Purva Atria ft Road Purva Atria Platina 70 80ft Road Pebble Bay 393 Off ORR Four Seasons 108 Mekhri Circle Embassy Terraces 470 Bellary Rd. Commercial Projects Name of the development Total Built-up area Location (sq. ft.) Manyata Tech Park 3,000,000 ORR Kirloskar Tech Park 950,000 ORR Karle Tech Park 3,500,000 Bellary Rd. Prominent Retail Projects Name of the development Total Built-up area (sq. ft.) Location Esteem Mall 125,000 Bellary Rd. BEL high street NA BEL Rd. Prominent Educational Institution Name of the development Syllabus Location MS Ramiah Institutes Engineering & BEL Road Medical Sciences Attria Institute of Engineering Off Bellary Rd Technology Green County Public ICSE Bellary Rd School 3

6 Infrastructure Initiatives 4 Elevated Expressway - Ongoing It is a signal-free expressway, connecting flyover to BIAL. Connecting total distance of 20 km. The stretch is developed in packages, the first package comprises of a stretch of elevated expressway of 4 km, another package of four underpasses and two flyovers. The total project cost is INR 680 Crore. As per the timelines issued by Navayuga, the Elevated Express is expected to be operational by October 2013 Bellary Road Widening - Ongoing Bellary road is being widened to a 90 meters (300 ft) road NHAI Road Widening Elevated Expressway from junction to International Airport. Ministry of Road Transport and Highways had issued a gazette notification (under section 3A of National Highway Act, 1956) on October 2009 subject to acquisition of land on either side of Bellary road. Road widening is expected to be completed by end of 2013 High Speed Rail Link- Proposed Planned to connect between MG road and International Airport currently in planning stages and is awaiting approval from the center

7 Location Transition 5 Years from now 5 NHAI Road Widening Elevated Expressway BEL Road, 5 years from now is expected to emerge as the Macpherson of Singapore. This is subject to timely completion of all the proposed and planned infrastructure developments along the corridor

8 Key Drivers 6 BEL Road, RMV Extension and are established residential and commercial micro-markets in the North. Micro market is one of the potential economic and growth quadrants in Bangalore in terms of residential /commercial activity Enjoys superior connectivity and accessibility with key hubs of the city on account of its proximity to BEL Road and easy accessibility to the ORR Planned and Ongoing infrastructure projects in the North are expected to fuel significant demand for high-end residential developments While the infrastructure development is fueling demand for commercial and residential developments in this corridor, it will also transform the quadrant into a knowledge hub and a pre-eminent investment destination in the city Economic Drivers Growth Drivers North Bangalore has been designated as the next growth quadrant of the city and major investment have been planned, this is expected to transform the location significantly Establishment of the International Airport and under construction Elevated expressway are the two major infrastructure activities driving significant demand in this quadrant Planned commercial development is expected to further augment demand for housing in the micro-market 5 years from now, BEL Road micro-market is expected to emerge as one of the sought after prime residential micro-market in the North