Goldman Sachs seals India's biggest office space deal

NEW DELHI: 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 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.

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.

Goldman Sachs seals India's biggest office space deal - The Economic Times
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  • Property value appreciates more in Bangalore's outskirts

    Bangalore has witnessed one of the most robust growth and higher price trajectory patterns in comparison to other cities in India. Real estate in Bangalore has been signified with robust growth, steadiness in prices and a positive purchasing pattern from customers who intend to purchase plots, flats and villas in and around Bangalore.

    Across the world, the phenomenon of price growth has a very unique pattern and the same pattern is seen to be followed in every city in India, including Bangalore.

    Detailed studies by various real estate funds, managements and related research organisations have confirmed this pattern. This pattern, in simple terms, means, 'The real estate prices in the outskirts of the city (whichever city you are in) grow faster than in the inner city or CBD area'. The CBD stands for central business district of the city or metro concerned. The CBD area would consist largely of BBMP areas in Bangalore.

    As far as Bangalore is concerned, the outskirts includes Sarjapur, Hoskote, Bidadi, and Devanahalli areas including the new international airport areas, and other areas covering Bangalore as a shell to the CBD area.

    I have been in the real estate business for the last one and half decades and have known this phenomenon for the same number of years, and have been personally tracking the data in Bangalore and Kerala. All my favourite investments have been based on this principle and have always reaped rich dividends by the 'investments in outskirts strategy'. Those who have purchased flats, villas or plots in the outskirts have earned higher returns on investments, which in financial terms means 'ROI' or returns on investments.

    Since the early 1990s, I have been tracking the price movement data of Bangalore south. In those times, Koramangala was considered to be outskirts of Bangalore. During that time, the price in Koramangala was just Rs 300 per sqft, whereas in the neighbouring CBD areas like Wilson Gardens or Shanthi Nagar the price was around Rs 1,000 per sqft.

    Subsequently, in the early years of 2000, Koramangala slowly moved from the 'outskirts ' status to the 'CBD' status and the prices in Koramangala during this change-over from outskirts to CBD moved higher than Wilson Garden or Shanthi Nagar. The price in Koramangala was around Rs 2,000 per sqft. During the same time, the earlier CBD areas like Wilson Gardens and Shanthi Nagar moved up from the previous price of Rs 1,000 per sqft to Rs 1,750 per sqft. In real terms of ROI, if you had invested in Koramangala with the principle of 'higher ROI on outskirts investments' , you would have received a 566 percent returns. The then CBD investment would have given you just 75 percent returns.

    Property value appreciates more in Bangalore's outskirts - The Economic Times
  • Prices revised almost 25-40 percent

    Thats true with Bangalore. The real estate prices have shot up to 20-25 percent on average, and upto 40 percent at some of the prime locations in last 10 months. The area around New Airport/Devanahalli had already been unaffordable after last Global Investors meet. Again this years Global Investors Meet which is going to happen soon, might drive the prices again in certain belts where the industries would sign up their deal.
    Unlike many other cities, Bangalore outskirts have really beautiful places to live. If the public transport facility improves, or the metro becomes functional throughout the city (may take 5-8 years, who knows), then most people would love to live in outskirts, given the calm and peaceful it offers at much cheaper prices.
    I too have seen this trend that people now prefer to live in villas in outskirts which comes at the same price of a 2 BHK flat in city, even if they have to drive an hour extra to reach office. And the speed with which the outskirts are being part of city, the idea seems logical.
  • Bangalore metro corridor has good potential for property investors

    Investors looking for property development along the Metro Rail corridor need to evaluate the potential it holds for realty growth. Mass transit systems have over the years dominated travel in cities. Today, development around transit systems is an emerging trend. In major cities around the world, there are success stories of how development in the property market has grown around these transit systems.

    This is particularly relevant in the suburbs where transit has become more accessible. A mass transit system like the Metro Rail has a multi-dimensional impact. These include potential for mixed land use, and highdensity projects that will be more profitable than they would be in the absence of this transit system.


    Transit systems enhance the quality of life of the community around it. The gridlock in cities is pushing realty development along areas that have good connectivity projects. Integrated development adds to the positive aspects around a transit system.

    For potential investors, the challenge lies in visualising the areas under the transit system . The use of spatial maps can help one get a fair idea of the planned phases of the Metro Rail and thus recognise the regions potential for realty development .

    Investors can identify building and zoning norms, and plan on investing in developments. Commercial projects near the Metro enjoy premium rentals. The financial benefits of being near a transit system are thus manifold.


    Planning around transit lines is linked to economic development because of the scope to increase real estate value, increase tax revenues and generate jobs. People from every strata of society like to live near a transit system. Residential development around the Metro, especially if it is a part of a mixed land use strategy, is potential. This is already a success story in Indiranagar, where mixed land development has given a new meaning to urban living which has undergone resurgence here.

    The type of transit mode generally responds to the development intensity. In the case of the Metro, which is a high density transit system, it becomes increasingly essential for land use planning , public transportation, and real estate development to enhance the quality of living in the city. Achieving the potential for increased value of property in a transit-oriented zone generally requires building more complex (mixeduse ) projects at higher densities. It is for this reason that the floor area ratio (FAR) is enhanced for buildings closer to the Metro rail link.

    Investors should ensure that structured parking and vertical development enhance the development of the property , making it a useful space for commuters to enjoy. Retail spaces will definitely fetch higher returns if built in accordance with commuter movement. Corporates too can be encouraged to move into well-built spaces along the Metro corridor.

    One of the factors that will influence property values near the Metro in the future is the impact that fuel prices have on choice of housing location.

    Bangalore metro corridor has good potential for property investors - The Economic Times
  • Is land mafia eyeing prime property?

    BANGALORE: Is there more to the Nityananda saga than allegations of moral impropriety ? Speculation is rife that the 23 acres of land which the ashram occupies might be a significant factor in the unfolding drama. Bidadi, just 35km from Bangalore, is an emerging industrial hub. Land prices have shown sharp appreciation in the area over the last five years. Realty sources said they have appreciated over 500% in the last few years and today quote between Rs 50 lakh and Rs 1 crore per acre.

    Given that a four-lane Bangalore-Mysore Road scythes through the area, the price of this parcel of land is expected to rise in future. Housing plots there are traded for anywhere between Rs 800 and Rs 1000 per sqft, villagers said.

    With an automobile major already based in Bidadi and another automotive and industrial technology giant slated to shift its Bangalore operations to the area, expectations are high in the realty market about its future prospects.


    Nityananda made headlines after a private TV channel aired scenes of him allegedly having a romp with an actress. After a brief spell in jail, he got bail and his cases entered the labyrinthine stage of adjudication. Though the controversial godman hasn't exactly been subdued since, the timing of the fresh controversy has puzzled villagers.

    "This is purely an issue connected with the land mafia, which wants to usurp prime property in an area seeing a spurt in industrial activity. Biscuit factories, an amusement park, a film city and world-class golf course have come up here. Several big industrial houses are keen on investing in the area," Banandur Chandrappa, a resident of Bidadi told TOI. "We have no issues with the ashram or ashramites. The land lies next to the four-lane Bangalore-M ysore highway. There is good rail and road connectivity. Naturally, those in real estate business will be happy to get large tracts of land owned by the ahsram," said BG Channappa, another villager.

    "Bidadi may look like any other village, but it is a self-contained area and people prefer to settle here," resident N Ramesh summed up.

    Is land mafia eyeing prime property? - The Times of India
  • Bangalore property market remains stable

    BANGALORE: The Bangalore office market witnessed healthy transaction activity in May, while vacancy rate declined nominally due to stable demand amidst limited fresh supply, mentioned Jones Lang LaSalle (JLL) India, in a recent report.

    Some of the big transaction in the office space market were Axis Aerospace & Technologies leasing space in Vaswani Centropolis, KPMG leasing space in Salarpuria Hallmark 1 and Ericsson leasing in Umiya Business Bay.

    However, the city saw marginal increase in demand for residential apartments in May. Most of the new residential projects launched were on and along Hosur and Bellary Roads. The capital values also appreciated marginally across various sub-markets due to increases in sales volumes and new projects launches at prices above the market average.

    Demand for residential units has been more evident in the mid-end category. During FY 2012, Bangalore witnessed the launch of approximately 9700 units which are scheduled to be completed in the next 2-3 years.

    "Property in the range priced at Rs 3000-4000 per sq ft is moving faster in the market now. Sales have been steady since the beginning of the fiscal year," says Irshad Ahmed President Irshad Property Matter, one of the large brokerage houses in Bangalore

    As of March 2012, nearly 119000 residential units are under various stages of construction in the Bangalore market. Bangalore has met with encouraging absorption, with all the regions witnessing more than 60% of their units having been sold.

    On the retail front there were no major retailers leasing space during the period due to unavailability of new malls coming on stream. "Vacancy rates, rents and capital values in the existing malls remained stable over the past two years," said the JLL report.

    Bangalore property market remains stable - The Economic Times
  • Originally Posted by vinay21verma
    I too have seen this trend that people now prefer to live in villas in outskirts which comes at the same price of a 2 BHK flat in city, even if they have to drive an hour extra to reach office. And the speed with which the outskirts are being part of city, the idea seems logical.

    Vinay Bhai ....

    Prices of villa in suburbs is far more than a 2BHK in city.

    For instance search for villa in Whitefield, Old Madras Road or Devanahalli. All are quoting more than 2 crore. Big Builders are making fancy nd luxurious villa is outskirts and this gives much encouragement to small builders to keep prices in crores.

    Cheap villas are only available in Electronic city and near by suburbs.
  • Gokaldas Images land in Devanahalli up for grabs

    BANGALORE: Gokaldas Images Infrastructure's land parcel in Devanahalli is up for grabs. Canara Bank has taken possession of 26 acres belonging to the Bangalore-based company under the Securitisation and Reconstruction Financial Assets and Enforcement of Security Interest Act (Sarfaesi) 2002.

    The property belonged to SIIC Package, a 100% subsidary of Gokaldas Images Infrasturucture. The infra division has state of the art garment manufacturing units for different products. Gokaldas Images is an integrated apparel manufacturer with a turnover of over $120 million.

    It has 15 factories and employs over 11,000 people. The company's land in Kasaba hobli in Devanahalli is available for outright sale and the same will be sold through a public auction next month. The Sarfaesi Act empowers banks and financial institutions to recover their dues without the intervention of the court.

    The firm has a liability of Rs 59 crore as of June 11, the bank said in its auction notice. The bank will recover the outstanding amount along with interest and other incidental charges. It has fixed a reserve price of Rs 81.61 crore for the bid with an earnest money deposit of 10% of the reserve price.

    When TOI contacted Jagdish Hinduja, managing director of Gokaldas Images, he declined to comment on the company's liabilities and the land auction.

    Real estate consultants said that the 26-acre land parcel has been available for purchase for quite some time. But the company couldn't close the deal as the asking price was steep, sources said. Growing demand for residential projects has pushed up land prices in Devanahalli by 30% in the last two years.

    "Land in and around the airport is quoted between Rs 6-7 crore an acre. In fact, the government has given Rs 1,147 per sft as compensation for those who surrendered a portion of their land for road widening," said Ram Chandnani, deputy MD-South India at real estate consultancy CB Richard Ellis.

    Gokaldas Images land in Devanahalli up for grabs - The Economic Times
  • Originally Posted by Gaurav2k101
    Vinay Bhai ....

    Prices of villa in suburbs is far more than a 2BHK in city.

    For instance search for villa in Whitefield, Old Madras Road or Devanahalli. All are quoting more than 2 crore. Big Builders are making fancy nd luxurious villa is outskirts and this gives much encouragement to small builders to keep prices in crores.

    Cheap villas are only available in Electronic city and near by suburbs.

    Yes Gaurav, completely agree that villas in whitefield, devanahalli have crossed the limits of medium class. Affordable villas are available in electronics city, kanakpura road, sarjapur / sarjapur extension / attibele road and are still in budget of 40-50 L (starting with 30X40 site). The only thing is that people would need to drive 20-30 kms or more to reach office. Plus the area would need few years to develop.
  • I heard about the above when i went to check about prestige sunnyside. Why so many new projects are coming in that area. Almost all good builders are having a project there. That stretch don't even have a good shop except a main junction. And buses are also very less. And is that price a reasonable one 4250 for an apartment in off sarjapur road?
  • CM-in-waiting Jagadish Shettar faces land denotification trouble

    Bangalore: Within hours of being named as Karnataka Chief Minister, a private complaint was today filed against Jagadish Shettar in the Lokayukta court alleging irregularities in land denotification by him six years ago.

    The complaint filed before Lokayukta Judge N K Sundhindra Rao alleged that Shettar denotified 178 acres in 2006 as Revenue Minister violating rules that caused a revenue loss of Rs 250 crore to the state exchequer.

    The complainant, city based social activist S M Chethan, pleaded for action under the provisions of Prevention of Corruption Act against Shettar, who is to be sworn in as Chief Minister tomorrow.

    Shettar was today appointed as Chief Minister and invited to form the government by Governor H R Bhardwaj after incumbent D V Sadananda Gowda resigned in a change of leadership following intra-party power struggle in the BJP.

    The Judge posted the complaint to July 21 for orders on probe.

    The complainant alleged Shettar without cabinet approval had in 2006 denotified 178 acres out of 376 acres acquired for establishing a single roof mega farmers market at Dasanapura near here on applications by some land sharks along with farmers who owned the land.

    This caused a loss of Rs 250 crore to the state exchequer at the present market value of the land, he alleged but added the project was never implemented.

    Shettar along with the then Special Land Acquisition Officer and the then Director, Agriculture Marketing Board are the accused in the case.

    Shettar is the latest BJP leader to court controversy over the land denotification, which has come to haunt the BJP regime in the state with former chief minister B S Yeddyurappa and several ministers and MLAs battling legal proceedings.

    CM-in-waiting Jagadish Shettar faces land denotification trouble
  • HC warns BDA against piecemeal approach in land use change

    BANGALORE: The Karnataka High Court on Thursday asked the Bangalore Development Authority not to adopt a piecemeal or case-by-case approach while giving permission for land use change in Bangalore.

    "If you do it piecemeal, you're in trouble," a division bench headed by Chief Justice Vikramajit Sen observed while refusing to vacate or alter, for the time being, a January 25 interim order.

    The court had asked BDA not to allow permission for redevelopment and reconstruction except for residential purposes in Malleswaram, Richmond Town, Vasantnagar, Jayanagar, Vijayanagar, Visveshwarpura, Rajajinagar and RT Nagar, among other localities. This order was issued on a batch of PILs relating to the Revised Master Plan 2015. The matter was adjourned to August 16.

    BDA counsel's plea seeking clarification on the interim order prompted the bench to ask: "Are there uneducated people at BDA? Can't they understand our order?"

    BDA counsel said: "We haven't touched a single application since the January order... But in areas abutting ring roads, certain permissible usages are there in the master plan itself. We want to consider those applications on a case-by-case basis."

    However, counsel for petitioners, Citizens Action Forum, said such a permission would render the Karnataka Town and Planning Act redundant and complained that Section 14 A of the Act is being indiscriminately used. He also alleged BDA had granted nine such permissions in Malleswaram alone after the interim order.

    Citizens Action Forum had claimed that master plan 2015, notified by the BDA on June 25, 2007, is without jurisdiction. "There has been steep reduction in the green belt area from 56% in the 1995 plan to 35% in the present one. In 1995, it was 714 sq km and now it has shrunk by 300 sq km. They have done away with zonal planning by permitting mixed use of land. The increase in floor area ratio (FAR) will increase the density of population and virtually choke the city. This exercise has been done ignoring suggestions of BMRDA as well as BWSSB," it argued.

    Notice to railways on suburban trains

    A division bench headed by Chief Justice Vikramajit Sen ordered notice to the Railways and the state government with regard to a PIL seeking suburban rail services in Bangalore. Petitioner Satinderpal Chopra claimed that even though many cities like Mumbai, Kolkata, Ahmedabad and Hyderabad have been chosen for such a service, Bangalore has been neglected.

    HC warns BDA against piecemeal approach in land use change - The Times of India
  • Govt accepts Hegde's report on illegal mining

    BANGALORE: The BJP government claims that it has officially accepted former Lokayukta Justice Santosh Hedge's report on illegal mining. Or that's what they want us to believe.

    Replying to a question raised by Tanveer Sait (Congress) in the legislative assembly on Tuesday, chief minister Jagadish Shettar said: "The cabinet under the previous government (Sadananda Gowda) had accepted the reports and it is already taken steps to implement it."

    He also reeled out measures initiated by the government in his written reply. But the opposition parties refused to buy his argument. Opposition leader Siddaramaiah said: "The CM was misleading the House. When the government has not taken concrete action, how can he claim they have accepted it? We can believe that the government is serious about the report if they manage to recover Rs 16,000 crore."

    It was on July 27 last year that the Karnataka Lokayukta submitted its 25,000-page report, which has had huge political implications for the state, leading to the resignation of BS Yeddyurappa as chief minister. Besides putting the total loss to the exchequer for the period between 2006 and 2010 at Rs 16,085 crore because of illegal mining, the report named over 700 officials of the government, accusing them of conniving in illegal mining.

    But the government appointed a committee under the chairmanship of former bureaucrat K Jairaj to look into the allegations against officials and fixed the responsibility on few officials in the lower rung before forwarding it to the Lokayukta office seeking some clarifications.

    Action taken

    * Suspended 40 officials and staff and issued show-cause notices to 257 who have been named in the Lokayukta report

    * Transferred 66 officials and staff from Bellary district

    * Show-cause notices issued to five IAS and one IPS officers, and disciplinary action taken against three officials of Mysore Minerals

    Govt accepts Hegde's report on illegal mining - The Times of India
  • NHAI, PWD to build Satellite Town Ring Road for B’lore

    STRR news... Does this include sarajpur-attibele road also ?
  • BBMP to take over EC

    Source - Bruhat Bengaluru Mahanagara Palike may finally get its hands on Electronics City - The Times of India

    The Silicon Valley of India is all set to come within the limits of Greater Bangalore. On Tuesday, the Bruhat Bengaluru Mahanagara Palike council passed a resolution to this effect.

    The entire Electronics City, including its three stages, will be added to BBMP's limits. Currently, the industrial hub is part of Anekal taluk on the outskirts of Bangalore.

    The BBMP aims to mop up an additional Rs 300 crore as revenue through this move. "Villages such as Konappana Agrahara, Dodda Togur, Golla Halli, Balaji extension, Shikari Palya, Thirupalya, Neeladri Nagar, Bettadasapura, Huli Mangala, Govinda Shetty Palya, Krishna Reddy extension, Neo Town, Shanthi Pura, Veerasandra industrial area, Veerasandra village that are spread across the three stages of Electronics City will be added to BBMP limits," said M Nagaraj, BJP, who read out the resolution.

    The issue was raised by Yediyur corporator N R Ramesh. "It's an area of 440 acres and has a built-up area of over 3 crore sqft. In order to evade paying tax to BBMP, Electronics City Industries Association had misguided the urban development department during the delimitation process in 2008. BBMP is providing basic amenities to Electronics City, but gets no revenue benefits," said Ramesh.

    "Bangalore's largest mall-cum-township is coming up at Electronics City. Spread over 120 acres, the township is likely to house 139 retail units and residential units. While providing basics amenities for such townships, BBMP must get revenue benefits," he added.

    The resolution witnessed no objection from opposition party leaders. "It's a welcome move. This should have taken place long ago. All those who commute to Electronics City for work are Bangaloreans. But the revenue benefits are being enjoyed by the village panchayats," said M K Gunashekar, opposition party leader.

    The resolution will be sent for government approval and becomes operational only after getting its nod.

    What BBMP gains

    BBMP can mop up a minimum of Rs 300 crore from industries and posh residential units in and around E-city once it's added to BBMP limits. There are 187 IT/ITES companies in E-City.

    Association speak

    Ever since Keonics handed over Phase1of Electronics City 20 years ago, we have been managing the industrial area with minimal maintenance charges collected from companies. Companies are paying property tax to the local panchayats namely Konappana Agrahara and Doddatugur. ELCIA understands the requirements of companies with regard to housekeeping, estate maintenance, water, power, waste management and security and we have handled it well. Many national and international organizations have shown keen interest in our best practices. The state government should grant industrial places like Electronic City the status of industrial township under the state's law and promote proven self-governance.

    -- NS Rama, CEO, Electronic City Industries Association
  • Bangalore stinks even after BBMP strike called off

    BANGALORE: BBMP employees may have called off their strike, but on Saturday, 24 hours after they got back to work, Bangalore still looked like a garbage city.

    Pourakarmikas cleared up some areas, but even those jobs were half-done, while several other areas were still full of waste heaps and plastic.

    Rajashekar Banasawadi, member, North East Federation Residents' Welfare Association, said there were heaps of garbage everywhere, surrounded by street dogs and dirty water. "BBMP workers haven't come to clear the garbage despite the strike being called off, perhaps because it's a second Saturday. We're worried that this waste, which is attracting mosquitoes, will increase chances of dengue in the area," he said.

    B Ramakrishna Udupa, secretary, JP Nagar 1st Phase RWA, too confirmed that garbage hadn't been cleared on Saturday. "Whatever people have thrown on the footpath remains. The situation is disgusting, especially with rain leaving pools of water which is leading to breeding of mosquitoes. This is dangerous for citizens. On my evening walk in Lakshman Rao Park, 8th Block Jayanagar, I saw swarms of mosquitoes, which have multiplied over the past few days as a result of the garbage pileup," he said.

    Dr Ajit Benedict of Cambridge Layout Association confirmed that garbage hadn't been cleared in their area either. "I am standing outside, there's garbage all around and as a doctor, I fear an outbreak of dengue. There's a stink and plastic bags are strewn all around, for which the BBMP is to blame," he says.

    In areas where garbage was seemingly cleared, the work was inadequate. "Garbage remains uncleared on our road, though I saw workers clearing the street parallel to ours," said KP Abraham, who belongs to Bangalore East RWA.

    Anupama Reddy of Ramamurthy Nagar RWA complained that garbage was not cleared completely. "They've cleared it up, but what they've done is inadequate. Whatever residents had dumped on vacant sites remains," she said.

    Dr Meenakshi Bharat of Malleswaram Swabhimana initiative had a similar story. "They came to clear the garbage, but how can they clear the mess of three days in one day? One needs to look at a sustainable solution and we citizens must learn to segregate our waste," she said.

    Stink bomb

    Garbage generated daily in Bangalore: 5,000 tonne

    Garbage piled up in past 4 days: 20,000 tonne

    Amount spent on garbage clearance annually: Rs 250 crore

    Pourakarmikas employed by BBMP: 4,000

    Pourakarmikas working under pvt contractors: 18,000

    Bangalore stinks even after BBMP strike called off - The Times of India