I was wondering where the IT/ITeS and BPO companies were expanding their operations in Bangalore / Bengalooru and here are our findings.Most office space additions in 2006 has happened in Outer Ring Road, Sarjapura, Hosur Road, Bellary Road and Electronics City. Together this forms the Bangalore Peripheral Business District. In the Downtown / Primary business district Vijay Mallya's contributions are the highest.
In 2005, Bangalore / Bengalooru witnessed absorption of 9.5 million sft of commercial and office real estate, only behind Tokyo [12.33 Million sft] and London [ 9.96 Million sft] beating all the American cities. Bangalore's commercial real estate is the fastest growing space in the world.
In the first three quarters additional 9 Million sft of office space was absorbed in Bangalore / Bengalooru and is all set to be the leader global leader by the end of 2006.
Tags: Bangalore Real Estate, Commercial Real Estate, India Real Estate, Japan London Bangalore Realty
No comments:
Post a Comment