Multinational companies are growing at a rapid expansion unit Bangalore, occupying most real estate sector in the city and around the model to build. Companies, such as Samsung, Robert Bosch Engineering India, Honeywell, Ericsson, Volvo IT, Honeywell is developing rapidly, according to a media report.
CB Richard Ellis India, said in its latest report that about 6 million square feet of office space in the most important markets in the first quarter, took over two years ago. Bangalore reported about 36 percent. Srinivas Rao, Managing Director - Global Services dressed Workplace Asia Pacific said: "Most leases were in Q1 companies which have started their business."
According to a real estate business information services, Samsung will make 3.5 lakh square feet of Robert Bosch 3.6 lakh square feet Ericsson five lakh square meters, Amazonas 1 lakh square meters. Wells Fargo is about 3.5 lakh square feet to work in town.
Vijay Ratnaparkhe, Managing Director, Robert Bosch Engineering and Business Solutions, said the organization would segments IT, Engineering and ITES call. He said they recorded 1.2 lakh square feet of Electronics city, in addition to the 2.5 lakh square feet in search of Bangalore. The company plans to hire more engineers in the coming years.
Robert Bosch had said it would be Rs 300 basic infrastructure in the coming years.
Continue its business growth plans in almost all areas of industry, "it is expected that the two levels of demand and the labor rate to remain high in the short and medium term," said Anshuman Magazine, managing CB Richard Ellis India.
Outer Ring Road favorable location for offices
The Declaration of industry passages Bangalore to Mumbai and Bangalore, Chennai in the EU budget this year brought us a renewed awareness of business potential of the city, according to a report team worked business.
The information shows that Outer Ring Road (ORR) continue to be a promising place for the growth of short-term office space.
Nominal data Whitefield, ORR (between Central Silk intersection Hebbal) Sarjapur Road, Bangalore North and animated micro markets. The development in other areas, IT / ITES is similar cars, biotechnology, textiles and aviation financial system in the city also accumulate the report predicts.
The report of the north and northwest, Kanakpura Road and Old Madras road talented as the expansion of urban areas in the city.
Office space consumption in the city will reach 9,000,000 square meters at the end of 2013, while the SEZ Park would be a mixed experience growth following the change in the rules, he said.
According to the report, the hospitality and retail observed annual growth of 5 to 20% of the price of commercial leasing and 13.4% in the streets.