Property at Devanahalli 25 Acres Suited for upscale Leisure resorts

Transcription

1 Property at Devanahalli 25 Acres Suited for upscale Leisure resorts

2 Bangalore City Overview Bangalore City is the capital of the state of Karnataka. Founded in the 16th century, it is the principal administrative, industrial, commercial, educational and cultural capital of Karnataka. It is the fifth largest city in India and is stated to be the fastest growing city in Asia. It is well connected by Air, Rail and Road transport to all the major cities in India.

3 Bangalore City Overview Area: 2,190 sq.km. Population: 6.53 Million (2005) Population Density: 2979 per sq.km. Literacy Rate: 84% Climate: Moderate: Pleasant and equable Altitude:920 mts above sea level Silicon valley of India: Driving the Technology boom in India since the early 1980s

4 From Garden city to Silicon City Bangalore s tree-lined streets and abundant greenery have let to it being called the Garden City of India. However since local entrepreneurs and the technology giant Texas Instruments discovered its potential as a high-tech city in the early 1980s, Bangalore has witnessed a major technology boom. It is now home to more than 250 high-tech companies, including home grown giants such as Wipro and Infosys. Bangalore is popularly called the silicon city of India. Tremendous opportunity opening up in the city have attracted a lot of talent pool into the city and the population has doubled in the past 5 years.

5 Bangalore Advantage Experience All top IT/ITES and software development firms (both domestic as well as multinational), viz. Infosys, Wipro, Intel, HP, Accenture, Genpact, Microsoft, IBM, Dell, Texas Instruments, Sun Microsystems, JP Morgan, Lenovo etc, have large established operations in Bangalore. Manpower Overall the manpower avalibility for IT/ITES is one of the best in the country 1,75,000 employed Approximately 150,000 graduates added each year Strong Analytical Skills

6 Bangalore Advantage Physical Infrastructure Bangalore Metro Rail Project Phase one expected in Q Peripheral Ring Road under construction to improve connectivity Road widening Ring Roads and flyovers being constructed in all parts of the city Connectivity New International Airport to significantly improve connectivity to all major cities of the world. Well connected to USA, UK, other Asian countries and Middle East countries Other Key Highlights High urbanization rate. Consistently ranked 1st in IT exports in India. Approximately 38% of India s total IT export from Bangalore.

7 Infrastructure - International Airport Bangalore International Airport Limited (BIAL) is a public limited company formed to build, own and operate the largest greenfield private sector airport in India the Bangalore International Airport. Private Promoters hold a 74% stake in BIAL while the Government holds 26% Bangalore currently has the 4th largest airport in India and is amongst the fastest growing. The site of the upcoming International Airport covers an area of approximately 4000 acres. Total project cost of BIAL stands currently at INR 1,930 Cr. It is situated at Highway NH7, 30 km to the north of the city.

8 Infrastructure - International Airport No new or existing airport including current HAL Airport in Bangalore (except for Mysore and Hassan airports) will be permitted to be functional as international or domestic airport within 150kms of the new BIAL Airport for a period of 25 years after the Airport opening date. Fully functional Capacity: 11 Million passengers in the first year with the ability to handle 27 aircrafts per hour. It will be equipped to handle large capacity airplanes and cargo, effectively managing a future passenger traffic capacity of 40 million. Support Services: The Airport city coming up in the surroundings will have commercial, retail, hotel and leisure spaces.

9 Infrastructure - Metro rail The INR 6,207 crore Metro Rail Project has been accorded approval and the work has been initiated on ground The Rail Project which will be completed in about 3 years is aimed at decongesting the fast increasing traffic density in Bangalore. The Rail is to bring respite to the traffic in the central part of Bangalore which contains the CBD and non-cbd areas There will be adequate parking made available for private vehicles and feeder systems will be established by way of buses and coaches

10 Infrastructure - Roads PRR will connect Tumkur road, Magadi road, Mysore road, Bellary road, Old madras road, Hosur road and Kanakapura road The project will be taken up in 2 phases. Phase I, covering 65km, will be from Tumkur road to Hosur road crossing, Bellary road, Old madras road, Varthur road nd Sarjapur road When completed it will cover all extremities of Bangalore, including the 5 satellite townships

11 Bangalore Real Estate Overview

12 Bangalore Future Growth Corridor Good Infrastructure Land availability Planned Holistic growth -Commercial -Residential -Retail -Hospitality Strong Supply Pipeline Preferred location for mid to long term commitment Consolidation and expansion opportunity in business park environment

13 Proposed Land Details Proposed land details Property Owner Current use Surrounding roads 25 Acres land off Bangalore-Hyderabad Road (NH-&) M/s. VRC Corp, Mr.Velu B Pethi Vacant land fenced after Govt.Survey NH-7 Area Details Land area Title 25 Acres LSR from M/s. Law associates Bangalore giving crystal clear legal Marketable titles. Land use Permissible for Tourism development activity and Hospitality Road width Property is connected to NH-7 by 40 feet road (off NH-7 by 600 m)

14 Proposed Project Summary The land area is 25 acres and with a effective FSI of 2.00 (The area falls under jurisdiction of BIAAPA) Targeted customer profile is mainly for the IT and other corporate employees looking out for a day or two out of town upscale leisure from Bangalore. Also could be a good convention place out of the regular rush of the city for the corporate to mix business along with leisure. As a potential tourism spot close vicinity to Nandi Hills, Lush green vineyards, International Airport, Wipro business Park, ITIR (Information Technology Investment Region) declared IT promotion area to be developed by KIADB/KEIONICS under central Government grants.

15 The ITIR(Information Technology Investment Region) project, the largest infrastructure project in Karnataka The Bangalore-BIAL ITIR is a 50 km2 (12,000 acres) IT Investment Region that is under development 15 km North of Bengaluru International Airport. The region is situated at the Nandi foothills between Chikballapur and Doddaballapur in the Muddenahalli/ Kanivenarayanapura area which is 10 minutes drive from the project site. The ITIR is one of the largest infrastructure projects in Karnataka s history. Total cost is expected to be one lakh crore rupees ($22 Billion). The initiative will provide direct employment to 1.2 million people and indirect employment to 2.8 million. The Karnataka State Electronics Development Corporation (KEONICS) has recently issued Expression of Interest (EOI) for developing the region. Over 55 multinational IT companies including Infosys, Wipro, TCS, and Cognizant have signaled an interest in joining and have signed MOUs

16 Market opportunity The property is situated just 15 km from International Airport and about 45 kms from Vidhana Soudha and the site is ideal for development of developing premium Hospitality cottages with the experience of mountainaring,fresh air, vineyard tourism and golfing. The location has all potential to be the best leisure destination in and around Bangalore. Site is with a good view of the Nandi hills. The area is famous for vineyards and some wineries are in close proximity. This would be a good spot to promote vineyard tourism. Prestige Builders Golf Shire is in close vicinity for the golfing enthusiasts with 18 holes Champion golfing facility designed by the PGA design consultancy. Presently North Bangalore is preferred destination for Corporate

17 Location Overview Google Map

18 Project Site and Location The subject is located at Devenahalli in northern Bangalore a rapidly growing logistics and software hub with the International airport already in operation acting as a fuel for the growth. The residential catchments of Yellhanka, Vidyaranyapura,Sahakaranagar Hebbal, Jakkur, Hennur road are all excellently connected and within a short distance from the subject site. These micro markets constitute a major section of the HR pool in the north Bangalore The subject land parcel is off the Bellary Road NH& connecting Bangalore and Hyderabad which is also well connected to the entire city by means of New airport road, elevated corridor up to the BIAL and also well connected to the rest of Karnataka. The time taken for travel at any point of time during the day between CBD and the site is not more than 45 minutes. Spread over an area of 25 acres the subject site has an access to the national highway from all regional and local transport networks this property has a significant location advantage in the north Bangalore sub market

19 Project Site and Location International airport Railway Station ITC Factoy MG Road Yelahanka 15km 45km 21km 46km 30km

20 Project Site and Location Location Names of the villages covered Total area Status Area Zone Devanahalli Mudugurkhi, Huralagurkhi 25 Acres Convertible land for Tourism Purpose It falls under BIAPPA limits Suitable for Tourism development and hospitality. FAR 2.00 Road width Property attached to NH7 (600m off NH7 Bangalore Hyderabad road) connected by 40 Feet road

21 For Further Details Contact VRC Corp 40/4, 2nd cross, Achhaih Shetty Layout (Above Classic automobiles, Near Mekhri circle) RMV Extension, Bangalore Office: /76 Mr.Kumaar Velu, , Mr.Balaji Prasad, , Thank You