Developments near Expat Chandapura property

Our investment product, Beulah Estates in Chandapura is a 125 acre prime land project located in Avadanahalli Village. It is located in the midst of developments that will trigger interest in the region in the years to come. Presented below is a compilation of recent developments taking place in regions around Chandapura which will impact Real Estate.

Connectivity to a place develops interest and goes a long way in attracting future developments. The Hosur road in Bangalore, home to the Electronic City and other industries, has always been in the limelight for traffic congestion.

Well aware of the problems that this road faces, the Bangalore Elevated Toll way Limited (BETL) built the ‘Hosur Elevated Highway’ which was inaugurated in January, 2010. This elevated highway will significantly reduce travel time from Silk Board junction to Electronic City to 10 minutes from the current 45 minutes.

It’s a well known fact that a road project has the potential to transform a place into a residential and commercial hub. The reduced travel time to Electronic City would make travel to Chandapura faster and this is good news for our property. Investors can expect more interest to be generated here.

Industrial areas present in a region play an important part in drawing the interest of potential investors. The success of such an area can be gauged when more businesses begin to set up shop. The Bommasandra and Jigani industrial areas are two such areas that are close to the Chandapura property.

Cushman & Wakefield had prepared a report titled ‘Industrial Spaces across the world 2009’. Both the Bommasandra and Jigani industrial areas are featured in this report as having high growth in rental values. The Bommasandra Industrial Area (BIA) recorded the 16th highest annual growth in rental values and among the Asia Pacific countries, the BIA and JIA took the third and fourth positions respectively for the same.

Seeing the growth in the rental values simply translates that companies are setting up their bases here. The BIA comprises of industries ranging from Structural Fabrication to Machine Tools. In August of 2009, Eastern Condiments Pvt. Ltd. the Kerala-based curry powder and masala brands firm invested Rs 30 crore in Bangalore to set up its production plant at the BIA.

The annual capacity of the plant is 1500 tonnes to meet the domestic and export demand. Chairman of Eastern Group of Companies, Mr. M.E. Meeran, sees the company expecting business from ready-to-cook products to the tune of Rs 105 crore in the first year. Besides the domestic market, these products will be exported to Middle East, US, UK, and Australia.

Presented below is a list of the industries in the Jigani Industrial Area :

The growth in rental values in these industrial areas and companies setting up their bases here only makes them attractive to other businesses and subsequently the area’s value is enhanced.

*Both these industrial areas are located approximately 11-12 kms individually from the Chandapura property. (Figure derived from calculations as per Google maps. The actual distance may vary depending on field survey).

The Alliance Business School is located on the Chandapura-Anekal main road and also helps to add value to the area. For the Batch of 2007-2009 prominent recruiters visited the business school to scout for students. Listed below are the recruiters for this period:

PROMINENT RECRUITERS BATCH OF 2007-2009

ABN AMRO
AB'S ESTATE PRIVATE LIMITED
ACCER FINANCIALS
ADIDAS, GERMANY
ALLIANCE BUSINESS SCHOOL
ALLIANCE CORPORATE EDUCATION (ABS)
AMBA RESEARCH
ANIMASTER
APC ( SCHNEIDER GROUP)
APPLE COMPUTERS
BASE CORPORATION
BHUSHAN STEELS
BIOCON
CAMBRIDGE SOLUTIONS
CATALYST CONSULTING
CITI BANK
CROSS TAB
DEEP ROOT LINUX
DEUTSCHE BANK
DEVELOPMENT CREDIT BANK (DCB)
DUN & BRADSTREET
EDUVISION INDIA SERVICES
EFORCE TECHNOLOGIES
FIRST SOURCE
FITCH
HDFC - ERGO
HDFC BANK
HIRANANDANI UPSCALE (LAKEPOINT BUILDERS
PVT. LTD.)
HP
HSBC
IBM
IIHT
IIMA
INFOSYS BPO
ION EXCHANGE
ITC INFOTECH

JEEVAN DIESELS
JP MORGAN
LENOVO INDIA PVT. LTD.
LG ELECTRONICS LIMITED
LIGHT HOUSE CONSULTING
MAGNUS ADVERTISING
MIPL (MAST INNOVATIVE PRODUCTS LIMITED)
NATIONAL INSTRUMENTS
NORTHERN TRUST BANK
ODESSA TECHNOLOGIES
ORACLE
PCG CONSULTING
PUTTSI TECHNOLOGIES
RASNA INTERNATIONAL
READIMINDS
REAL ESTATE BANK OF INDIA (REBI)
REDAPPLE HEALTH SOLUTIONS
SLOKA CAPITAL
STANDARD CHARTERED BANK
STARCOMM (NAVIA ASIA)
STATE BANK OF INDIA
STCI PRIMARY DEALERS LTD.
TALENT GURUS SOLUTIONS PVT LTD
TATA AIG
TATA CONSULTANCY SERVICES
TEAM LEASE
THE INDIAN PARTNER
THE LEELA
THIRD WAVE EXIM-PANASONIC
THOMPSON REUTERS
TVS MOTORS LTD.
VEDANTA RESOURCES
VELOCIS
YGEN MANAGEMENT CONSULTING SERVICES
YLE SERVICES

The Electronic City in Bangalore is also seeing growth with existing companies beginning to expand, new companies launching their projects, and exploring other locations to set up business.

Wipro Infotech recently announced the launch of Sangam – its Technology Innovation Hub inside the Electronic City. This Centre of Excellence has been started in collaboration with IBM, Microsoft, SAS, Sun Microsystems and Teradata. Besides Wipro, other companies are also setting up their IT parks inside the Electronic City. They are:

• Jaypee Group’s Rs 20 crore STP at Electronic City.
• Harita Projects IT Park at Electronic City.
• Fortuna’s Tech Park at Electronic City.
• Ashtha Infrastructure’s IT Park at Electronic City.

Speaking of expansion, Infosys recently acquired 400 acres of land in Sarjapur to build its second campus. Its first campus in Electronic City, housing 250,000 professionals has been completely filled for the last two years. The second campus will be bigger than the first campus with capacity to house more professionals.

*Calculations from Google Maps reveal that Sarjapur town to Anekal railway station is approximately 19.4 kms. Chandapura property to Anekal railway station is 3 kms. Accordingly, Sarjapur town to Chandapura property would be 16.4 kms approximately – note this distance is not the exact but derived from calculations from Google Maps.

Connectivity plays an important role to attract developments to a region. The Hosur elevated highway reduces travel time from Silk Board junction to Electronic City to 10 minutes from the current 45 minutes. Seeing this reduction in time, companies will be keen to set up shop in regions after the highway. Areas like the Bommasandra Industrial Area and Jigani Industrial Area will be positively impacted as it has already seen a high growth in rental values and the elevated highway will play a big role in bringing in more business to these industrial areas.

The growth being seen in the Electronic City will also spread to other regions and this will be beneficial to the property since the Electronic City is located 13 kms from the property. The recent acquisition of land by Infosys in Sarjapur also indicates that companies are looking at other locations to set up their businesses. Companies setting up in a location make the location attractive and draw the interest of other businesses and infrastructure. Sarjapur town to our Chandapura property is approximately 16.4 kms. With companies hiring from the Alliance Business School indicates that the business school is attracting top companies and that their presence would certainly attract interest in the property.

These recent developments taking place near Chandapura not only make it a promising location but also add value to the Real Estate in close proximity.