property at devanahalli 25 acres suited for upscale ... · bangalore international airport. private...

Property at Devanahalli 25 Acres Suited for upscale

Leisure resorts

Bangalore City Overview• BangaloreCityisthecapitalofthestateof

Karnataka.• Foundedinthe16thcentury,itistheprincipal

administrative,industrial,commercial,educationalandculturalcapitalofKarnataka.

• ItisthefifthlargestcityinIndiaandisstatedtobethefastestgrowingcityinAsia.

• ItiswellconnectedbyAir,RailandRoadtransporttoallthemajorcitiesinIndia.

Bangalore City Overview• Area:2,190sq.km.• Population:6.53Million(2005)• PopulationDensity:2979persq.km.• LiteracyRate:84%• Climate:Moderate:Pleasantandequable• Altitude:920mtsabovesealevel• SiliconvalleyofIndia:DrivingtheTechnology

boominIndiasincetheearly1980s

From Garden city to Silicon City• Bangalore’stree-linedstreetsandabundantgreeneryhavelettoitbeingcalled

theGardenCityofIndia.• HoweversincelocalentrepreneursandthetechnologygiantTexasInstruments

discovereditspotentialasahigh-techcityintheearly1980s,Bangalorehaswitnessedamajortechnologyboom.

• Itisnowhometomorethan250high-techcompanies,includinghomegrowngiantssuchasWiproandInfosys.BangaloreispopularlycalledthesiliconcityofIndia.

• Tremendousopportunityopeningupinthecityhaveattractedalotoftalentpoolintothecityandthepopulationhasdoubledinthepast5years.

Bangalore AdvantageExperience AlltopIT/ITESandsoftwaredevelopmentfirms(bothdomesticaswellas

multinational),viz.Infosys,Wipro,Intel,HP,Accenture,Genpact,Microsoft,IBM,Dell,TexasInstruments,SunMicrosystems,JPMorgan,Lenovoetc,havelargeestablishedoperationsinBangalore.

Manpower OverallthemanpoweravalibilityforIT/ITESisoneofthebestinthecountry

–1,75,000employed Approximately150,000graduatesaddedeachyear StrongAnalyticalSkills

Bangalore Advantage

PhysicalInfrastructureBangaloreMetroRailProject–PhaseoneexpectedinQ4-2009PeripheralRingRoadunderconstructiontoimproveconnectivityRoadwidening–RingRoadsandflyoversbeingconstructedinallpartsofthecity

ConnectivityNewInternationalAirporttosignificantlyimproveconnectivitytoallmajorcitiesoftheworld.WellconnectedtoUSA,UK,otherAsiancountriesandMiddleEastcountries

OtherKeyHighlightsHighurbanizationrate.Consistentlyranked1stinITexportsinIndia.Approximately38%ofIndia’stotalITexportfromBangalore.

Infrastructure - International AirportBangaloreInternationalAirportLimited(BIAL)isapubliclimitedcompanyformedtobuild,ownandoperatethelargestgreenfieldprivatesectorairportinIndia–theBangaloreInternationalAirport.

PrivatePromotersholda74%stakeinBIALwhiletheGovernmentholds26%

Bangalorecurrentlyhasthe4thlargestairportinIndiaandisamongstthefastestgrowing.

ThesiteoftheupcomingInternationalAirportcoversanareaofapproximately4000acres.TotalprojectcostofBIALstandscurrentlyatINR1,930Cr.ItissituatedatHighwayNH7,30kmtothenorthofthecity.

Infrastructure - International Airport

NoneworexistingairportincludingcurrentHALAirportinBangalore(exceptforMysoreandHassanairports)willbepermittedtobefunctionalasinternationalordomesticairportwithin150kmsofthenewBIALAirportforaperiodof25yearsaftertheAirportopeningdate.

Fullyfunctional

Capacity:11Millionpassengersinthefirstyearwiththeabilitytohandle27aircraftsperhour.Itwillbeequippedtohandlelargecapacityairplanesandcargo,effectivelymanagingafuturepassengertrafficcapacityof40million.

SupportServices:TheAirportcitycomingupinthesurroundingswillhavecommercial,retail,hotelandleisurespaces.

Infrastructure - Metro railTheINR–6,207croreMetroRailProjecthasbeenaccordedapprovalandtheworkhasbeeninitiatedonground

TheRailProjectwhichwillbecompletedinabout3yearsisaimedatdecongestingthefastincreasingtrafficdensityinBangalore.

TheRailistobringrespitetothetrafficinthecentralpartofBangalorewhichcontainstheCBDandnon-CBDareas

Therewillbeadequateparkingmadeavailableforprivatevehiclesandfeedersystemswillbeestablishedbywayofbusesandcoaches

Infrastructure - RoadsPRRwillconnectTumkurroad,Magadiroad,Mysoreroad,Bellaryroad,Oldmadrasroad,HosurroadandKanakapuraroad

Theprojectwillbetakenupin2phases.PhaseI,covering65km,willbefromTumkurroadtoHosurroadcrossing,Bellaryroad,Oldmadrasroad,VarthurroadndSarjapurroad

WhencompleteditwillcoverallextremitiesofBangalore,includingthe5satellitetownships

Bangalore Real Estate Overview

Bangalore Future Growth Corridor• GoodInfrastructure• Landavailability• PlannedHolisticgrowth -Commercial -Residential -Retail -Hospitality• StrongSupplyPipeline• Preferredlocationformidtolongtermcommitment• Consolidationandexpansionopportunityinbusinessparkenvironment

Proposed Land DetailsProposed land details

Property 25 Acres land off Bangalore-Hyderabad Road (NH-&)

Owner M/s. VRC Corp, Mr.Velu B Pethi

Current use Vacant land fenced after Govt.Survey

Surrounding roads

NH-7

Area Details

Land area 25 Acres

Title LSR from M/s. Law associates Bangalore giving crystal clear legal Marketable titles.

Land use Permissible for Tourism development activity and Hospitality

Road width Property is connected to NH-7 by 40 feet road (off NH-7 by 600 m)

Proposed Project SummaryThelandareais25acresandwithaeffectiveFSIof2.00(TheareafallsunderjurisdictionofBIAAPA)

TargetedcustomerprofileismainlyfortheITandothercorporateemployeeslookingoutforadayortwooutoftownupscaleleisurefromBangalore.Alsocouldbeagoodconventionplaceoutoftheregularrushofthecityforthecorporatetomixbusinessalongwithleisure.AsapotentialtourismspotclosevicinitytoNandiHills,Lushgreenvineyards,InternationalAirport,WiprobusinessPark,ITIR(InformationTechnologyInvestmentRegion)declaredITpromotionareatobedevelopedbyKIADB/KEIONICSundercentralGovernmentgrants.

The ITIR(Information Technology Investment Region) project, the largest infrastructure project in Karnataka• TheBangalore-BIALITIRisa50km2(12,000acres)ITInvestmentRegionthatisunder

development15kmNorthofBengaluruInternationalAirport.• TheregionissituatedattheNandifoothillsbetweenChikballapurandDoddaballapurin

theMuddenahalli/Kanivenarayanapuraareawhichis10minutesdrivefromtheprojectsite.• TheITIRisoneofthelargestinfrastructureprojectsinKarnataka’shistory.Totalcost

isexpectedtobeonelakhcrorerupees($22Billion).Theinitiativewillprovidedirectemploymentto1.2millionpeopleandindirectemploymentto2.8million.

• TheKarnatakaStateElectronicsDevelopmentCorporation(KEONICS)hasrecentlyissuedExpressionofInterest(EOI)fordevelopingtheregion.Over55multinationalITcompaniesincludingInfosys,Wipro,TCS,andCognizanthavesignaledaninterestinjoiningandhavesignedMOUs

Market opportunity• Thepropertyissituatedjust15kmfromInternationalAirportandabout45kmsfrom

VidhanaSoudhaandthesiteisidealfordevelopmentofdevelopingpremiumHospitalitycottageswiththeexperienceofmountainaring,freshair,vineyardtourismandgolfing.ThelocationhasallpotentialtobethebestleisuredestinationinandaroundBangalore.

• SiteiswithagoodviewoftheNandihills.Theareaisfamousforvineyardsandsomewineriesareincloseproximity.Thiswouldbeagoodspottopromotevineyardtourism.

• PrestigeBuildersGolfShireisinclosevicinityforthegolfingenthusiastswith18holesChampiongolfingfacilitydesignedbythePGAdesignconsultancy.

• PresentlyNorthBangaloreispreferreddestinationforCorporate

Location Overview – Google Map

Project Site and Location• ThesubjectislocatedatDevenahalliinnorthernBangalorearapidlygrowinglogisticsandsoftware

hubwiththeInternationalairportalreadyinoperationactingasafuelforthegrowth.• TheresidentialcatchmentsofYellhanka,Vidyaranyapura,SahakaranagarHebbal,Jakkur,Hennur

roadareallexcellentlyconnectedandwithinashortdistancefromthesubjectsite.• ThesemicromarketsconstituteamajorsectionoftheHRpoolinthenorthBangalore• ThesubjectlandparcelisofftheBellaryRoadNH&connectingBangaloreandHyderabadwhich

isalsowellconnectedtotheentirecitybymeansofNewairportroad,elevatedcorridoruptotheBIALandalsowellconnectedtotherestofKarnataka.ThetimetakenfortravelatanypointoftimeduringthedaybetweenCBDandthesiteisnotmorethan45minutes.

• Spreadoveranareaof25acresthesubjectsitehasanaccesstothenationalhighwayfromallregionalandlocaltransportnetworksthispropertyhasasignificantlocationadvantageinthenorthBangaloresubmarket

Project Site and Location

Internationalairport 15km

RailwayStation 45km

ITCFactoy 21km

MGRoad 46km

Yelahanka 30km

Project Site and Location

Location Devanahalli

Namesofthevillagescovered Mudugurkhi,Huralagurkhi

Totalarea 25Acres

Status ConvertiblelandforTourismPurpose

Area ItfallsunderBIAPPAlimits

Zone SuitableforTourismdevelopmentandhospitality.

FAR 2.00

RoadwidthPropertyattachedtoNH7(600moffNH7BangaloreHyderabadroad)connectedby40Feetroad

Thank You

For Further Details Contact

VRC Corp40/4, 2nd cross, Achhaih Shetty Layout(Above Classic automobiles, Near Mekhri circle)RMV Extension, Bangalore-560 010

Office: +91-080-23613775/76

Mr.Kumaar Velu, 9740349999, kumaar@vrccorp.inMr.Balaji Prasad, 9449324052, balaji@vrccorp.in