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- Ozone Group's Jeevitham -Karnataka's first Pharma Special Economic Zone (SEZ) spread
Jeevitham is a “state-of-the-art” Pharma Special Economic Zone(SEZ) being developed on a sprawling 325 acres, north of Bangalore, Karnataka which will be operational by 2011. This mega pharma hub is expected to house about 40 to 50 industries with an investment of Rs.2,000 crores. The development has multiple options of land sizing for manufacturing units as well as ancillary, warehousing and supporting units strategically located amidst fine landscaping with adequate green cover and modern amenities. This SEZ would offer uninterrupted water, telecom, and broadband connectivity, besides effective effluent treatment and proper accessibility for better facilitation of container movement. Other strategic advantage of Jeevitham is its close connectivity to Bangalore International Airport and the road and rail networks. Jeevitham offers pharma companies housed in this SEZ to work in a hassle free environment with world class facilities.
- Ozone Urbana IT/ITES SEZ - Devanhalli
A 25 acre IT/ITES centric facility in partnership with a leading international SEZ operator is being envisaged adjacent to Ozone Urbana.
- Gulf oil corporation it/ites sez yelahnaka
Setting up of an IT/ITES SEZ on 30 acres out of the 40 acres proposed to be developed at Yelahanka Bangalore from both the Government of Karnataka and the Central Government in June 2009.
To start with, the company is looking at developing a 40-acre commercial project in Bangalore. The construction will start in the next 3-4 months, after the monsoons, according to a report published in Finance Express.
“We have got all the approvals from the state authorities. The land belongs to Gulf Oil Corp and will contribute to a built-up area of 8 million sq ft and a saleable area of 5 million sqft. We are also planning for a business hotel, service apartments and retail in that space,” said Ravinder Babbar, COO, HRVL. The company has estimated an investment of about Rs 1,200 crore for this first project.
- 1000 acre Aerospace SEZ at Devanahalli
Hindusthan Aeronautics Limited (HAL)
* Proposed investment - Rs.2095 crores.
* Project Details –. To establish a unit for manufacture of “TPE 331 Engine and Engine components, Ring Rolling, Fan cases, Welded Structural assemblies, Maintenance, Repair and Overhaul of Civil Aircraft / Engines and Manufacture of Helicopters” .
* Location - Aerospace SEZ, Devanahalli, Bangalore Rural District.
* Employment Generation –1631.
* Proposed investment - Rs.316 crores.
* Project Details – To manufacture Aircraft Components / Assemblies and MRO Activites related to Aerospace Applications at Aerospace SEZ.
* Location - Bangalore International Airport, Devanahalli, Banagalore Rural District
* Employment Generation – 235.
Dynamatic Technologies Limited
* Proposed investment - Rs.465.80 crores.
* Project Details – To manufacture Aerospace Components.
* Location - KIADB Aerospace Industrial Area, Devenahalli Taluk, Bangalore Rural District.
* Employment Generation – 2100.CommentQuote0Flag
- Airport based SEZ at BIAL Airport, Devenahalli, Bangalore
(MRO) maintenance, repair and overhaul of aircrafts, cargo village, healthcare exports and high tech manufacturing would be carried out in the SEZ. Regarding healthcare exports, the Department of Revenue pointed out that only IT enabled services relating to health sector such as medical transcription, etc. may be carried out in the SEZ and no hospital would be allowed to be set up. The Board further noted that the Developer was in possession of the
land. The State Government also recommended the proposal. After detailed deliberations, the Board decided to grant formal approval for setting up of a sector specific Special Economic Zone for Airport based SEZ at BIAL Airport, Devanahalli, Bangalore, Karnataka by Bangalore International Airport Ltd. over an area of 113 hectares.
- Karle IT SEZ ,NAGWARA
The office precinct of Karle Town Centre consists of over 4 million sq.ft. of IT SEZ space capable of accommodating over 40,000 people will be developed, of which over 2 million has already been gazetted.
Proximity to the workplace is crucial to attract and retain the best minds in technology in Bangalore. This project is easily accessible to more than half of Bangalore’s IT professionals residing in areas such as Rajajinagar, Sadashivnagar, Mahalakshmi Lay-out, Vijayanagar, Kumara Park, Vasanth Nagar and Frazer Town.
*The IT SEZ is developed in an area of about 27.68 acres, consisting of total 7 towers with a total Built Up Area of 4 Million Sft area which can accommodate over 40,000 people . Approval for the Karle IT SEZ was granted in 2006.
*There is a car park for every 50 sq.mt. of built up area and additional space available at the multi-level car parks with space to park around 8000 - 9000 cars.
* The communication system is underpinned with a centralized data management system on fibre optic cable capable of carrying several channels for private telecom carriers. Redundancy has been provided for and built with an eye on the expansion and upgradeability for the future.
*There is a 1.1 KVA supply of electricity for every 100 sq.ft. of leased area with a 100% power backup.
* Specific provisioning has been made for stronger floors in labs – 850 kg./m2 – 1000 Kg./m2 slabs strengthening for 2 bays in each floor.
- Manyata Tech Park (IT - SEZ)
Is a part of large-scale mixed-use development, “Manyata Tech Park” is located in Nagawara North Bangalore, on the Outer Ring Road. Covering over 100 acres, it includes a number of office buildings, IT,ITES, ITSEZ. Manyata is easily accessible from the city centre, North, East and West Bangalore and is in close proximity to the new international airport.
Development of over 8 million sft of space has been committed to companies such as IBM, Fidelity, Philips, Cognizant, etc. The project is joint venture with Embassy group.
Location - Nagavara, Hebbal Ring Road, Bangalore.CommentQuote0Flag
- M&M plans 250-acre aerospace SEZ near BIA
MAHINDRA & Mahindra (M&M), the diversified business group, plans to set up a 250 acre special economic zone (SEZ) catering to the aerospace sector near the Bangalore International Airport. According to a state government official, the M&M group has shown interest in setting up the SEZ, which is going to be built under a public private partnership (PPP) model.
Anita Arjundas, CEO, real estate sector, Mahindra & Mahindra said, “Mahindra Lifespaces, the infrastructure and real estate arm of the $7.1 billion Mahindra Group, is in preliminary dialogue with the Karnataka government for developing the aerospace SEZ. The company has strong experience in this kind of industrial development zones being the pioneer in the space with its Mahindra World City at Chennai and Jaipur.”
M&M, which recently forayed into the aviation sector with the acquisition of two companies in Australia to manufacture aircraft, recently opened a new component making facility at Malur on the outskirts of Bangalore.
The Karnataka government has plans of setting up the second SEZ focused on the aviation sector. The first facility has already come up in Belgaum which is an aerospace engineering and manufacturing SEZ by QuEST Global. According to the official, the state government has already identified close to 1,200 acres for setting up aerospace SEZ at Devanahalli and it is estimated that each company would require a minimum of 250 acres to set up their facility.
Besides M&M, other companies have also put in a EoI for the aerospace SEZ but their names could not be ascertained. The Karnataka government during the recently concluded global investors meet (GIM) signed MoUs with a couple of companies who have shown plans of investing in the aerospace sector at the SEZ in Devanahalli.
BEML is planning a Rs 316 crore facility in the designated zone to provide design & manufacturing services in aircraft components, sub-assemblies and MRO activities.
Dynamatic Technologies plans to invest Rs 465 crore to set up aerospace component unit and Starracheckert Machine Tools also plans to invest 127 crore for the same.
The Karnataka government is expecting the aviation sector to be one of the state’s key industries.
The eco-system of public sector units engaged in aircraft manufacturing & development, large number of IT companies and presence of precision equipment manufacturers makes the state an attractive destination for aviation companies. http://epaper.timesofindia.com/Defau...Mode=HTML&GZ=T
- Unsustainable, unjustified hype!!!
What you are showing is peanuts compared to what is already there in Electronicity (or Whitefield) vicinties yet Electronicity real estate prices are going nowhere for the past 3 years! Electronicity houses nearly 50% of the high paying IT, BT jobs (more than 2000000) and Aerport area may take 10 year to reach that, yet why rates are being quoted than e-city? What is the guarantee that gated residential areas won't become like small oasis in the middle of big slums/poorly organized layouts?CommentQuote0Flag
- Presence of an airport generally triggers all-round and a more 'inclusive' buisness growth rather than being simply limited to IT. Connectivity too should be better than any other areas (including metro stations, parking facilities) etc.
Also infrastructure wise North Blr is far better equipped than any other area in bangalore as compared to say whitefield which is practically clogged.
Since the development in north blr is more like a 'brownfield' deployment, it is largely expected that the all of development will be more 'organised'.
I cannot say anything about Electronic city since it has practically no apartments, residential facilities never came up in that area in a decent form. This is in contrast to Whitefield and ORR areas which were closer to HAL where the development was far more better.CommentQuote0Flag
- The point that i m trying to say here is proximity to old airport has played a big role in development of airport road, indiranagar and to a large extent the development of commercial facilities in ORR and whitefield areas.
In short presence of an airport -- esp something of the magnitude of BIAL will trigger business growth in all of the sorrounding areas. In devanahalli alone you will see at least three 5 star hotels in the coming years, not to mention SEZs which are as varied as IT, Finance, Biotech, auto and aviation.CommentQuote0Flag
- IBM eyes 3 million sqft office spaceBangalore: President Barack Obama’s rhetoric on outsourcing jobs to India doesn’t seem to have had an impact on the Big Blue’s India growth plans.
IBM is cementing officeleasing deals across India’s IT hubs, including Bangalore, Pune and Hyderabad. The company is said to be planning to absorb 3-million sqft of office space over the next three years.
In this financial year (2010-11), IBM will take up close to 1.25 mn sqft of office space,for which it is said to have signed leasing deals with multiple developers.
IT consultants say this level of office space absorption would lead to the creation of 12,000 to 19,000 jobs. In office leasing, the thumb rule was to assign 100 sqft to one person. However, during the downturn, companies had reduced the space allotted to an individual to around 65 sqft.
Just last weekend, IBM’s facility in Embassy Golf Links Business Park in Bangalore saw an extraordinarily long queue of job applicants, indicating robust hiring plans.
According to sources in the real estate industry, IBM is taking additional office space of 500,000 sqft in Manyata Tech Park, Bangalore, 500,000 sqft in Embassy Techzone, Pune, and 250,000 sqft in Divyasree Orion in Hyderabad.
All the leasing deals are in projects that fall under SEZ status, which means the company would enjoy tax benefits such as service tax waiver, VAT waiver and income tax exemption.
Real estate consultants peg IBM’s current total office space in the country to be over 5.5 million sqft, with over 4 million sqft of space located in Bangalore alone.
IBM declined to provide a comment for this story. The company’s position has been that it does not break up its employee count according to geography.
But it’s not IBM alone that’s spurring the demand for office space. HP and Accenture are also believed to be scouting for office spaces of 1 million sqft each and are in talks with various developers. TOI had earlier reported that between April and May, Accenture, Oracle, and Capgemini had signed on office leasing deals of a total of 1.5 million sqft in Bangalore.
Times of IndiaCommentQuote0Flag
- Empyrean Bangalore
I just want to just show you the decent size of luxury house in Srjapur, Bangalore developed by Fire Luxur Group.CommentQuote0Flag
- Karnataka moves to set up IT investment region at Devanahalli
Bangalore, July 15 (IANS):
The Karnataka legislative assembly on Thursday passed a bill to set up an Information Technology Investment Region (ITIR) at Devanahalli near Bangalore in partnership with the central government, a move aimed to boost exports and create jobs.
The ITIR Act, 2010 will enable the state to attract a whopping Rs.2 trillion (Rs.2 lakh crore) global investments in the knowledge sector, boost exports and create 3 million jobs in a decade.
As India's tech hub, Bangalore accounts for about 30 percent of the country's exports and over 90 percent of the state's IT exports."The ITIR will be a self-sustainable integrated investment region housing IT, ITeS (IT enabled services) and hardware parks, supported by residential townships, a mini airport, high-speed railway network, shopping malls, hospitals and educational institutions among others," state IT & Bio Technology Minister Katta Subramanya Naidu told reporters later.http://www.deccanherald.com/content/...nvestment.html
The bill was passed without debate amid pandemonium due to the stand-off between the ruling Bharatiya Janata Party (BJP) and the opposition Congress and Janata Dal-Secular (JD-S) who are demanding a Central Bureau of Investigation (CBI) probe into illegal mining activities in the state.
Competing southern states like Andhra Pradesh and Tamil Nadu also propose to set up such hi-tech regions for attracting global investments and create millions of jobs.
To be spread over 10,000 acres in two-three phases near the Bangalore international airport at Devanahalli, about 40 km from the city centre, the investment region will be developed with the private sector playing a large role in its infrastructure development.
"Top three Indian IT bellwethers - TCS, Infosys Technologies Ltd and Wipro - are among 55 IT firms which have shown interest in setting up their development centres in the region. Notification to acquire 2,080 acres has been issued," Naidu said.
According to state IT & BT principal secretary A. K. Manoli, a management board will govern the region and the state empowered committee under the chairmanship of the chief minister will act as an apex body on all project-related issues.
"The central government has adopted a policy resolution May 28, 2008 to set up ITIRs across the country to promote investment in IT, ITeS and electronic hardware manufacturing units, which will be economic growth engines," Manoli said.
When developed, companies in the region will avail similar tax benefits applicable to the special export zones (SEZs). Though global consulting firm Deloitte prepared the project report for the region, it is awaiting central government approval.CommentQuote0Flag
- Karnataka to be the first to set up IT investment regionMahesh Kulkarni & Bibhu Ranjan Mishra / Bangalore July 16, 2010, 17:13 IST
Karnataka has gone ahead of its immediate neighbours — Andhra Pradesh and Tamil Nadu — in realising the dream of setting up an Information Technology Investment Region (ITIR).
The state is set to become the first state in the country to establish ITIR to promote investment, augment exports and generate employment.
The state legislative assembly has passed a Bill to facilitate setting up of the ITIR here on Thursday. The Act will be called the Karnataka Information Technology Investment Regions Act, 2010.
The ITIR will be a self-sustainable integrated investment region, housing IT, ITeS and hardware parks, supported by residential townships, a mini airport, high-speed railway network, shopping malls, hospitals and educational institutions, among others.
The ITIR, to be developed in two phases and spread over 10,000 acres near Bangalore international airport at Devanahalli, about 40 kms from here, is expected to attract an investment of over Rs 2 lakh crore. The state government would involve the private sector for developing the infrastructure.
Ashok Kumar Manoli, principal secretary, Department of IT/BT, Science and Technology, Karnataka, told Business Standard: “Over 55 and hardware companies, including leading ones like Infosys, TCS and Wipro, have shown interest in establishing their presence at the ITIR. It will be spread over 2,200 acres in the first phase. We have issued preliminary notification for acquiring 2,080 acres near Devananhalli. A management board will govern the ITIR and the apex body on all matters related to the project would be the State Empowered Committee, under the chairmanship of the chief minister.”
The Government of India had published a policy resolution for setting up information technology investment regions on May 28, 2008, to promote investment in the IT, ITeS, electronic hardware manufacturing units, which have proved to be significant economic growth engines.
Apart from Karnataka, other states like Andhra Pradesh, Tamil Nadu and Orissa have also proposed to come out with an ITIR and have approached the Centre for approval.
“The setting up of an ITIR by the Karnataka government in Bangalore is a welcome move and I am sure it will bring further development to Bangalore. It will definitely help attract good IT companies to set up base and expand their operations in Bangalore. We will certainly explore opportunities to set up operations in the ITIR when it is ready,” said Infosys Technologies CEO and MD Kris Gopalakrishnan.
Manoli said the ITIR, once fully developed, was expected to provide employment — both direct and indirect — to three million people. The companies setting up shops in ITIR would enjoy similar kind of tax concessions as they enjoy at IT SEZs, he said.
Global consulting firm, Deloitte, has prepared the detailed project report for the ITIR and the proposal is awaiting the approval of the central government.
The ITIR would be an integrated township with modern amenities like the roads, railway network, metro rail and mini airport, to facilitate investors’ faster approach to the location.
Meanwhile, the Andhra Pradesh government is not looking at bringing out any legislation in this regard, as it plans to develop an ITIR under the existing Andhra Pradesh Urban Area Development Act. “The ITIR in Andhra Pradesh will be both greenfield and brownfield. Initially, it aims to expand its Cyberabad area and declare it as ITIR,” Andhra Pradesh IT Secretary Ratnaprabha said.
She added the Andhra government proposed to attract an investment of Rs 2.19 lakh crore and provide direct employment to 1.5 million people and indirect employment to 5.3 million people over a period of 15 years. It also expected to generate Rs 30,170 crore of indirect revenue to the state exchequer. she further said.