Bangalore Market Overview May 2011

Overview

Bangalore Market

2

Business Districts

3

CBD: Central Business District

• MG Road

• Residency Road

• Richmond Road

• Cunningham Road

SBD: Secondary Business District

• Koramangala

• Indiranagar and CV Raman

Nagar

• Old Madras Road

• Airport Road

• Bannerghatta Road

• Outer Ring Road

• Hebbal/Bellary Road

• Mysore Road

PBD: Peripheral Business District

Whitefield

Electronic City

Bangalore International Airport

Growth Corridors

Sarjapur Road (Extension)

Bangalore Business Districts

4

Emerging Growth Corridor

Growth Horizon : 3 – 5 Years

Emerging Growth Corridor

Growth Horizon : 1 – 2 Years

Current Growth

Corridor

Upcoming

Location

OUTER RING ROAD : COMPETITIVE LOCATION • Current IT Corridor with concentration of IT Occupiers

• Preferred Destination owing to better connectivity and proximity to

employee catchments

• Major SEZ developments along the stretch

• ~3.5 M sq.ft of space taken off the market based on staggered

commitment in 2010

• Appreciation of 15 – 20% in rental values owing to dearth in ready to

occupy space in SEZ and STPI

WHITEFIELD : MOST ECONOMICAL DESTINATIONS• Relatively lower rentals, Abundant supply of quality office space

• Future Plan of Metro connectivity for Whitefield

• Self sustaining micro market with commercial, residential and retail

developments

SARJAPUR ROAD : UPCOMING LOCATION• Upcoming IT corridor – WIPRO & Infosys campus

• Land parcels acquired by major developers for upcoming projects

• Development of major residential projects

• Connectivity to Electronic City, Whitefield and North Bangalore through

Peripheral Ring Road

NORTH BANGALORE : FUTURE POTENTIAL• Proximity to international airport

• Features prominently in the Comprehensive Development Plan and the

Greater Bangalore Development Plan

• Exclusive IT space (over 10,000 acres) – Information Technology

Investment Region ( ITIR) planned in Devanahalli and Doddaballapur

Region.

• Currently, Limited Social Infrastructure

Growth Corridors

ELECTRONICS CITY : REVIVING MICRO MARKET� Low Rentals

� Abundant Supply of Ready to Occupy Space

� Renewed Interest owing to the enhanced Connectivity through Elevated

HighwayReviving Micro Market

5

Commercial Market Trends

6

4,000 – 6,0001 per 1,5005 – 7 70 – 90CBD

2,500 – 3,0001 per 1,0005 – 7 40 – 60SBD

2,000 – 2,500 1 per 7505 – 7 25 – 38PBD

Micro MarketCar Park

Allocation (Slot/Sq.ft)

Warm Shell Rent ( INR/ Sq.ft / Month)

Maintenance ( INR/ Sq.ft / Month)

Car Parking Charges

( INR/ Slot / Month)

Note: ITPB in Whitefield (PBD) is quoting maintenance charges as high as INR 7.40 per sq ft per month

Two Wheelers to be accommodated in Car Parking

SEZ : Special Economic Zone

STPI : Software Technology Parks of India

* Manyata Embassy Business Park SEZ (PBD) is quoting rentals as high as INR 53 per sq.ft. per month

**ITPB SEZ (PBD) is quoting rentals as high as INR 48 per sq.ft per month

2,500 – 3,0001 per 8005 – 740 – 53*SBD

2,000 – 2,500 1 per 8005 – 7 35 – 48**PBD

Micro Market

Car Park

Allocation

(Slot/Sq.ft)

Warm Shell Rent

( INR/ Sq.ft / Month)

Maintenance

( INR/ Sq.ft / Month)

Car Parking Charges

( INR/ Slot / Month)

STPI Rental Range

SEZ Rental Range

Rental Comparison : Grade A Office Space

77

Malleshwaram

Rajaji Nagar

Vijay NagarIndiranagar

Koramangala

BTM

Jayanagar

JP NagarBanashankari

Basavanagudi

Cox town

Benson Town

Domlur

HSR Layout

SadhashivNagar

RT Nagar

Key Residential

areas

PEENYA

INR 2,500 - 3,500

BELLARY ROAD

INR 4,000 -5,500

OUTER RING ROAD

(Hebbal to Marathalli)

INR 4,000 – 5,000

OLD MADRAS ROAD

INR 3,000 – 4,500

WHITEFIELD

INR 2,200 – 3,600

OUTER RING ROAD

(Marathalli to Sarjapur)

INR 4,500 – 6,500

SARJAPUR ROAD

INR 3,000 – 4,500ELECTRONIC CITY

INR 2,000 – 3,200

HOSUR ROAD

INR 2,000 – 3,500

BANNERGHATTA ROAD

INR 5,000 – 6,500

MYSORE ROAD

INR 2,500 – 4,000

Airport Road

SARJAPUR ROAD EXTN

INR 3,000 – 4,000

Land Capital Values

8

Market Outlook* : Strategic Window of Opportunity

• The period from 2Q 2010 to 3Q 2011 expected

to be a STRATEGIC WINDOW OF

OPPORTUNITY for buying and leasing office

space when rents and capital values in most

micro markets would be at their cyclical lows.

• Bangalore is ahead in property cycle in terms of

transactional volumes and should be amongst

the first to register rental growth in 2011.

• The traction for IT SEZ spaces is likely to remain

during 2011 as the deadline for notifying SEZ is

March 2012 and operating out of the premises is

March 2014

• 2011 is expected to witness a greater number of

expansion plans getting executed by

corporations riding on good business sentiments

Landlord MarketNeutralTenant Market

2012

Bangalore

2013201120102009Market

*Source : On Point

“DECLINE

SLOWING ”

“VALUE

RISING ”

“GROWTH

SLOWING ”“VALUE

DECLINING”

Bangalore

2Q 082Q 09

2Q 103Q 11F

STRATEGIC WINDOW OF

OPPORTUNITY

9

5.426.21 6.21 6.21

26.96

30.24 30.24

32.57

13.29

17.64

19.79

23.86

4.26 4.26 4.515.15

-

5

10

15

20

25

30

35

2009 2010 Q1,2011 2011F

Area in Million Sq.ft

CBD SBD Whitefield Electronic City

Stock and Supply Scenario

Note: Only Grade A buildings once they receive their Occupancy Certificates (OC) are included in the stock. The stock addition indicated above is our estimate from the market

and is likely to change in the event of the OC not being received by the expected timeline.

� No new supply in CBD and SBD in Q1, 2011

� Whitefield witnessed approx. 2 Million sq.ft of supply

� SBD and Whitefield : Enhanced supply by Q4, 2011.

CUMULATIVE STOCK

10

Vacancy and Absorption Levels

0%

5%

10%

15%

20%

25%

30%

35%

40%

2009 2010 Q1,2011 Q4,2011F

Vacancy


� CBD and SBD Vacancy Levels decreased slightly owing to

absorption.

� High vacancy levels in Whitefield and Electronic City owing

to fresh supply.

� Vacancy level in Whitefield is expected to diminish by Q4,

2011 owing to spillover demand from Outer Ring Road

� Absorption levels in Whitefield are expected to increase since the

micro market has a strong supply of ready to occupy office space at

economic rentals.

� Absorption levels in Electronic city is expected to remain stable due to

competition from Whitefield

� Availability of large floor plates suitable for IT / ITES occupiers at

Whitefield

� Whitefield is in closer proximity to residential catchments and to

upcoming Metro project (1,000,000)

-

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

2009 2010 Q1,2011 Q4,2011F

Absorption in Sq.ft


Absorption Levels

Vacancy Levels

11

Rental and Capital Values

-

10

20

30

40

50

60

70

80

90

2009 2010 Q1,2011 Q4,2011F

INR

/S

q.f

t/M

on

th


� Gross rents and capital values across all the micro-markets increased in 1Q11.

� This trend is expected to continue in the near term, with rental and capital values appreciating more in the CBD and SBD micro-markets than in

other micro-markets as these areas continue to see growing demand and limited ready-to-occupy office space.

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

2009 2010 Q1,2011 Q4,2011F

INR

per

Sq.f

t


Rental Values Capital Values

12

Lease – Payable by the Lessee, approximately 1.50 % of Average Annual Rent plus 1.50 % of

Security Deposit (For Lease term more than 1 year and less than 10 years)

Buy – Payable by the Buyer, approximately 7.72 % of Purchase cost

Stamp Duty / Registration Fee*

CBD – 1 car park slot for every 1,500 sq. ft..

SBD – 1 car park for every 1,000 sq.ft .

PBD – 1 car park for every 800 sq. ft. occupied.

Two wheelers to be accommodated in the allocated slots.

Car Park Ratio

Termination rights with Lessee with 3 – 9 months notice.Termination

To Affiliated / Sister Concerns / Third Party after approval of the LessorSub lease Rights

Lease – Two months rent; Buy – 2% of Purchase cost.Commission / Brokerage

3 years for Bare / Warm Shell.

5 years for ‘Plug and Play’ facility.

Lock in Period

Between 12% to 15% after three years or 5 to 7% per year as applicable (applicable on rent, related

deposit and maintenance charges).

Escalation

Initial term of 3/5 years with a renewal option of additional term of 3/4 years.Lease Term

Equivalent to 10 – 12 months gross rent.Security Deposit

*Subject to Government Regulations

Standard Transaction Practices

13

Infrastructure Initiatives

14

Metro Rail : Under Construction.

Phase 1 : Mysore Road to Byappanahalli and from Hesarghatta Cross to Puttenahalli. Ensuring Enhanced Connectivity across the City

Bangalore Mysore Infrastructure Corridor (Phase 1): Under

Construction*.

• 41 km of Peripheral road linking

NH-7 and NH-4

• 9.1 km Link Road linking City Centre to Peripheral Road

• 12 km Expressway from the Peripheral road upto Bidadi


• Under Construction.

• 110-km peripheral ring road to

circumnavigate the city linking the major highways - TumkurRoad, Mysore Road, Old Madras Road, and the Hosur Road.

Proposed High Speed Rail link

Bangalore

International Airport

Note: Peripheral Ring Road and Mysore road alignments to be confirmed

Bidadi

*Source: www.nicelimited.com

Signal free south to north Outer Ring Road : Under Construction

.

. FlyoverUnderpass

Flyover and Underpass


15

Hesaraghatta Cross40

T Dasarahalli39

Jalahalli38

Peenya Industrial Area37

Peenya Village36

ORR Junction35

Yeshwanthpur34

Soap Factory33

Mahalaxmi Layout32

Rajajinagar31

Kuvempu Road30

Malleshwaram29

Swastik28

Mysore Road27

Deepanjalinagar26

METRO STATIONS - PHASE I

Vijayanagar25

Hosahalli24

Toll Gate23

Magadi Road22

City Railway Station21

Puttenahalli20

J P Nagar19

Banashankri18

R.V.Road17

Jayanagar16

South End Circle15

Lalbagh14

K R Road13

City Market12

Chikpet11

Central Bangalore: Majestic10

Central College9

Vidhana Soudha8

Cricket Stadium7

M G Road6

Trinity Circle5

Ulsoor4

CMH Road3

Old Madras Road2

Bayappanhalli1

Bangalore Metro Phase 1

YELAHANKA

ELECTRONIC CITY

WHITEFIELD

34

12

3456

7

3332

3029

28

31

21222324

25

2627

89

11

1314

15

16

17

10

35

3738

3940

18

19

20

12

36

Proposed Metro Phase 2 : Planning Stage

Under Consideration

Bangalore Metro

16

Project Features

� Implemented by Nandi Infrastructure Corridor Enterprise Limited [NICEL].

� Phase 1 construction of the project includes:

� 41 km of peripheral road linking NH-7 and NH-4

� 9.1 km Link road linking City Centre to Peripheral Road

� 12 km expressway from the Peripheral road upto Bidadi

� Initial 4 lane structure with provision for expansion to 6 lanes

Status

� Construction ongoing.

Major Impacts

� Substantial traffic is expected to get diverted to this facility due to alternate route available for trucks

bypassing Bangalore city

Project Features

� 110-km peripheral ring road to circumnavigate the city linking the major highways – Tumkur Road,

Mysore Road, Old Madras Road, and the Hosur Road

� 6-lane bi-directional divided carriageway location

� 14 to 22 km from city centre,

� 2.8 to 11.5 km radial distance from the existing Outer Ring Road

� Involves land acquisition of about 2,050 Acres and is Expected to Cost INR 550 Crores

Status

� Currently in alignment stage

Major Impacts

� Enhanced Connectivity



Bangalore Mysore Infrastructure Corridor- Phase 1

17

Project Features

� Dedicated High-speed rail link between the city centre (BRV Grounds on M G Road) and the

Bengaluru International Airport (BIA) at Devanahalli

� 28-km Elevated rail track from BRV Grounds and pass through Police Thimmaiah Circle, Raj Bhavan

Road-Sankey Road, Windsor Manor junction, Mehkri Circle-Hebbal flyover. From the Hebbal flyover,

the track will be laid at the ground level along the NH 7.

Status

� 40 hectares of land to be acquired, Notification has been issued and bidding is under process.

� The project is scheduled for completion in 2012.

Major Impacts

� 25 minutes to reach BIAL with the facility of Check-In at the Center of the City (Cubbon Road) and at

Hebbal

Project Features

� To be developed in two phases covering a total area of 33 km across the city.

� First phase : Ttwo corridors of double lines –East –West corridor and North – South corridor.

� Two stages: An 18.1-km stretch - Mysore Road to Byappanahalli and Hesarghatta Cross to

Puttenahalli both via the Kempegowda bus terminus.

� 6.76 km. Stretch : Underground near City Railway Station, Vidhana Soudha, Majestic and City Market

� Rest of the tracks will be elevated.

Status

� The full network in Phase I is expected to be commissioned by December 2011.

� Phase 2 Connecting Yelahanka to Electronic City and Whitefield to Kanakpura Road under planning

stage

Major Impacts

� The East West corridor could lead to a pick up in the development activity in the Western region.

� Reduce the pressure of vehicular traffic to a large extent

� Reduction in Commuting Time

High Speed Rail Link to BIAL

Metro Rail


18

Project Features

� Airport commercial complex : Office space development of approx 8 Mn sq.ft supporting aeronautical

and non-aeronautical activities

� Retail component : Approx 0.75 Mn sq.ft within the terminal

� The Trident Hilton hotel to be located approx 600 meters from the airport terminal comprising of 321

rooms

Major Impacts

� The Airport City is expected to bring in commercial, retail and hospitality developments.

Project Features

� Seven new flyovers and an underpass has been planned by BDA from Central Silk Board to Hebbal

flyover along the 31 km stretch Outer Ring Road

� INR 350 Crores has been allocated for the project

� 14th Main HSR Layout, Bellandur, Devarabeesanahalli junction, Mahadevapura, Kadubeesanahalli,

Kalyan Nagar, Hennur flyover and underpass and Veeranapalya are the seven junctions that have

been identified for the new grade separators

� Dedicated bus lanes and grade level roads are also part of the project.

Status

� Scheduled to be completed in 2011

Major Impacts

� To enable Signal free commuting

� Quicker commuting time to Bangalore International Airport (from South Bangalore)

� Enhanced connectivity to localities along the stretch

Airport City


Signal Free South to North Outer Ring Road

19

Project Features

� A 4.3 km long flyover and six more flyovers.

� The 4.3 km flyover will be a four-lane drive while the remaining portion of the 19.5 km stretch will be a

six-lane one with additional two-lane service roads on either side.

Major Impacts

� Reduced travel time between Nelamangala and Goraguntepalya (Ring Road junction) - 15 minutes.

� Signal-free drive from the Outer Ring Road to Jass Toll Plaza (outside Nelamangala, on the highway).

� Signal-free drive from Bangalore to Tumkur

� Besides connecting two-thirds of Karnataka, the project will act as a gateway to western India.

Bangalore Nelamangala Expressway


20

Micro Market Overview

21

BRIEF OVERVIEW

• Centrally located, easily accessible from all locations

• Well connected by public transportation

• Close proximity to prominent hotels, malls, financial institutions

• The Metro Rail project to ease the traffic in CBD

• Existing stock in CBD predominantly comprises of old buildings and

limited new projects

MAJOR PROJECTS

Prestige Towers UB City Prestige Meridian

Raheja Towers Prestige ObliskThe Millennia

CBD : Primary and Established Micro Market

Lease Acquisition

127,403 sq.ft

Prestige Dynasty

Lease Acquisition

154,043 sq.ft

Cosmo Lavelle

Lease Renewal

122,838 sq.ft

Purva Premier

Recent Transactions

Transactions Concluded by JLL

Tenant Profile

IT / ITES Sector

Others

Lease Acquisition

50,000 sq.ft

JP Techno park

Lease Acquisition

116,162 sq.ft

Vaswani Centropolis

Lease Acquisition

29,800 sq.ft

Brigade South Parade

22

SBD: Bannerghatta Road, J P Nagar, Koramangala

BRIEF OVERVIEW

• Bannerghatta Road : One of the first locations in Bangalore to house

some of the biggest and most prominent Multi National corporations

• Koramangala : Spacious, well-executed offices which house some of

the multinational giants

• Massive concentration of residential projects

• Limited increase in supply in Bannerghatta Road and Koramangala

MAJOR PROJECTS

Lease Acquisition

6,500 sq.ft

SJR Balavana

Lease Acquisition

31,752 sq.ft

HM Vibha Towers


Tenant Profile

IT / ITES Sector

Others

Lease Acquisition

30,500 sq.ft

Kalyani Magnum

Lease Acquisition

40,000 sq.ft

Grape Garden

Lease Acquisition

46,000 sq.ft

Subrmanya Arcade

Lease Acquisition

23,900 sq.ft

Subrmanya Arcade

SJR Primus Commerce @ Mantri

Prestige Blue ChipIBC Knowledge Park

Recent Transactions

Divyasree Towers

BANASHANKARI ,J P NAGAR, BANNERGHATTA ROAD AND KORAMANGALA

Brigade Software Park

Kalyani Magnum

23

SBD

BRIEF OVERVIEW

• Inner Ring Road : Close proximity to CBD and boasts of ~6 Mn sq.ft

of operational IT space

• C.V Raman Nagar : Predominantly residential area; Bagmane Tech

Park is the only major commercial project.

• Limited Supply of ready to occupy space along Inner Ring Road and

C.V. Raman Nagar

• Availability of Sublease and Second generation space.

• Old Madras Road : No major IT Parks/ IT SEZs (Other than RMZ

Infinity). Upcoming METRO terminal ( Byappanahalli) is in close

proximity

• DivyaSree Technopolis, off old airport road is a prominent project

which has seen recent leasing activity

MAJOR PROJECTS

Lease Acquisition

112,029 sq.ft

Embassy Golf Links

Lease Acquisition

110,456 sq.ft

DivyaSree Technopolis


Tenant Profile

IT / ITES Sector

Others

Lease Acquisition

29,228 sq.ft

Maruthi Infotech Centre

Lease Acquisition

103,000 sq.ft

Golf View Homes

Lease Acquisition

63,000 sq.ft


Embassy GolflinksRMZ InfinityRMZ Titanium

Recent Transactions

INNER RING ROAD , OLD AIRPORT ROAD , C. V. RAMAN NAGAR, OLD MADRAS ROAD

Diamond District Bagmane Tech Park DivyaSree Technopolis

Lease Acquisition

300,000 sq.ft


24

SBD: Outer Ring Road

BRIEF OVERVIEW

• Dearth of ready to occupy space STPI and SEZ Grade A

development in Outer Ring Road, resulting in increased rental levels

• Strong future supply pipeline with approx. 2 Million sq.ft of office space

being planned in 2011 - 12 in multiple projects along the ORR

• Preferred location by IT/ ITES Companies

• Massive concentration of residential projects due to proximity to the IT

corridor

• Most real estate options have campus environment with availability of

common amenities

MAJOR PROJECTS

Lease Acquisition

424,310 sq.ft

Pritech

Lease Acquisition

40,835 sq.ft

RMZ Ecospace

Lease Acquisition

113,000 sq.ft

Bagmane WTC


Tenant Profile

IT / ITES Sector

Others

Salarpuria Touchstone

RMZ EcospacePrestige Cessna

Salarpuria Hallmark

Vrindavan Tech Village

Bagmane WTC

Recent Transactions

Lease Acquisition

29,613 sq.ft


K R PURAM – MARATHAHALLI – SARJAPUR OUTER RING ROAD

Lease Acquisition

226,000 sq.ft

Pri Tech Park

Lease Acquisition

246,139 sq.ft


25

Tenant Profile

SBD: North Bangalore

BRIEF OVERVIEW

• Proximity to Devanahalli International Airport and an upcoming micro-

market

• Exclusive IT space (over 10,000 acres) – Information Technology

Investment Region (ITIR) planned in Devanahalli and Doddaballapur

Region

• Witnessing absorption of office space in some of the major projects

like Manyata Embassy Business Park, Embassy Kirloskar etc, as

tenants in these business parks have been expanding in the same

premises

• Limited Ready to Occupy space

MAJOR PROJECTS Recent Transactions

IT / ITES Sector

Others

Lease Acquisition

37,779 sq.ft

Manyata Embassy

Lease Acquisition

245,328 sq.ft

Manyata Embassy

Lease Acquisition

37,779 sq.ft

Manyata Embassy

Lease Acquisition

38,714 sq.ft

Embassy Kirloskar

Lease Acquisition

33,140 sq.ft

Manyata Embassy

Lease Acquisition

45,466 sq.ft

Manyata Embassy

HEBBAL - OUTER RING ROAD

26

• Preferred Destination for Clients looking at economic rentals

• Presence of Corporate campuses of some of the large multinational

companies

• Availability of large Grade A Commercial spaces

• Spill over demand from ORR* due to supply crunch in ORR*.

• High Vacancy levels – Grade A & Grade B

• Prominent builders have launched townships in the region that would

provide the much needed social infrastructure support

* ORR – Outer Ring Road

Prestige Shantiniketan Kalyani Platina

Brigade Metropolis

ITPL

RMZ NXT Divyasree Techno Park

PBD: Whitefield

BRIEF OVERVIEW

MAJOR PROJECTS

Tenant Profile

Recent Transactions

Others

IT / ITES Sector

Lease Acquisition

93,480 sq.ft

SJR I Park

Lease Acquisition

37,500 sq.ft

Kalyani Platina

Lease Acquisition

39,000 sq.ft

Kalyani Platina

Lease Acquisition

26,565 sq.ft

Embassy Paragon

Lease Acquisition

27,000 sq.ft

Xylem

Purchase

680,000 sq.ft

G V R IT Park

27

Tenant Profile

Recent Transactions

Velankani Park Surya Wave

SemiCon Park

Salarpuria Infozone

Ozone Manay L & T Tech Park

PBD: Electronic City

BRIEF OVERVIEW

MAJOR PROJECTS

• Established corridor with a large cluster of campus development

• Major IT/ITES hub of Bangalore

• Primarily comprises of campuses of domestic IT companies

• Characterized by stable rentals and high vacancy rate

• Recent development of the Elevated Highway has provided for

improved accessibility leading to revival of the location

Others

IT / ITES Sector

Lease Acquisition

160,000 sq.ft

L & T Cyber Park

Lease Acquisition

19,979 sq.ft

E – City Software Park

Lease Acquisition

90,000 sq.ft

Prestige Alecto

Lease Renewal

107,746 sq.ft

Velankani Tech Park

Lease Acquisition

90,000 sq.ft

SVR Fortune

Lease Acquisition

71,000 sq.ft

Prateek Tech Park

28

City Overview

29

*Source: Market Skyline of India,2006-07

IBEF

● Largest urban metropolis in Karnataka

● Population : 95,88,910

● Gross State Domestic Product (GSDP) : USD 59.1 Billion in 2008 – 09

● Software Exports *: USD 16.0 Billion ( 2009 – 10)

● BPO Exports* : USD 3.2 Billion

● Strong academic and R&D base

● Higher Educational Institutions (State) : 1,528

● Well drafted Sector Specific Industrial Policy ( 2009 – 2014 )

● Key Industries : IT / ITES, Telecom and Electronics, Engineering,

BioTech, Automotive, Textiles and Apparel

City Overview

● Highly Evolved Real Estate Market

● Developing Infrastructure

● Well Developed Virtual Connectivity

● “Leader” in Information Technology

● Set to be the Prime Mover by providing a platform for global Nano- technology community

● Emerging as one of the best places to do business in the world, joining the league of cities like London, Shanghai and Singapore ; named in the

‘Best places to do business in the wired world’ list*

30

Hotels

� Presence of numerous luxury hotels and serviced

apartments (90+ Hotels and over 3,500 rooms)

� Major Hotels under various stages of construction includes

J.W Marriot, Radisson , Ritz - Carlton etc.

Malls

� Quality recreational Facilities : Numerous Multiplexes, Shopping

malls and pubs

� Presence of all major global brands, Presence of World leaders

in Retail Consumer Segment

� Cost of living - Bangalore is ranked at 118th in the world; lower

than Mumbai, Delhi and Chennai

� Currently have an existing retail mall space of 4 Mn sq.ft spread

over 20 major malls

22411775Number

Budget

Hotels

3 Star

Hotels

4 Star

Hotels

5 Star

Hotels

5 Star

Deluxe

Hotels

Bangalore

Malls

Hotels

Social Infrastructure

31

Hospitals

� Well equipped with super specialty and specialty

hospitals

� World Class Health Care Centers

� Apollo Hospital , Wockhardt Hospital, Columbia Asia

Hospital,, Manipal Hospital, Mallya Hospital, HOSMAT,

Sagar Apollo Hospital, NIMHANS (National Institute of

Mental Health and Neuro Sciences)

Education

� Over 209 Schools offering Senior Secondary Education in

Bangalore

� Over 26 Engineering Colleges,27 Medical & Dental Colleges,

13 Law Colleges and numerous Graduate Colleges

� Large numbers of institutions of international repute for

providing technical and professional education : Indian Institute

of Science (IISc) ,Indian Institute of Astrophysics (IIA), Indian

Institute of Management Bangalore (IIMB), Centre for Liquid

Crystal Research, National Aerospace Laboratories, Institute

of Technology (BIT), Indian Space Research Organization

(ISRO), National Law School of India University.

Educational Institutions

Hospitals

Social Infrastructure

Disclaimer: Although all information furnished

regarding property for sale, rental or financing is

from sources deemed reliable, such information has

not been verified and no express representations made

nor is any to be implied to the accuracy thereof, and it

is submitted subject to errors, omissions, change of

price, rental or other conditions prior sale, lease or

financing, or withdrawal notice. Jones Lang LaSalle,

its officers, employees, subcontractors and agents

shall not be liable (to the extent permitted by law) for

any loss, liability or damage arising directly or

indirectly from any use or disclosure of or reliance on

such information, including, without limitation, any

reliance on lease summaries or reports without

reference to the relevant lease or without seeking

legal or other advice as appropriate before

committing to any agreement.

Copyright © Jones Lang LaSalle IP, Inc. 2008

Data Source : Research, Jones Lang LaSalle

Documents

Bangalore Market Overview May 2011