 | « Back to article | Print this article |
Fastest growing IT corridor: Bengaluru's ORR
Bengaluru's Outer Ring Road (ORR) spanning from Hebbal to the Silk Board Junction has been recognised as one of India's fastest growing IT/ITeS growth corridors, according to a report by Vestian Global Workplace Services.
This stretch, popularly referred to as ORR, which has developed rapidly in the last 10 years into an information technology growth corridor and accounts for almost 25 per cent of Bengaluru's total IT space, continues to be an attractive destination for IT/ITeS corporations, it said.
ORR's IT growth corridor story commenced in early 2000s and with the initiation of Bengaluru International Airport in 2008 in Devanahalli, the ORR stretch gained importance since it serves as the main artery between BIAL and major IT hubs of Bengaluru -- Whitefield and Electronics City.
Click NEXT to read on . . .
Fastest growing IT corridor: Bengaluru's ORR
Shrinivas Rao, CEO, Vestian Global Workplace Services, said, "We are of the opinion that ORR will to continue to remain an attractive IT/TeS growth corridor of Bengaluru and improve further with planned completion of numerous flyovers/ underpasses between Hebbal and Silk-Board Junction by end of 2011. This will be further enhanced through the upcoming business and social infrastructure."
While the ORR over the years has emerged as the most preferred office space destination, this micro market foresees a few challenges including uncertainty on the future of tax holiday for SEZ units post implementation of DTC in April 1, 2011, that may have an adverse effect on ORR, at least in the short term, as most of the office space supply along the ORR is scheduled under the SEZ category.
Click NEXT to read on . . .
Fastest growing IT corridor: Bengaluru's ORR
Also, the growth of ORR may slow down due to the shift in focus towards Bengaluru North for upcoming developments.
A few factors, which make the ORR one of the most attractive IT growth corridors of Bengaluru, are the availability of large land parcels; and proximity to established IT talent pool and residential hubs compared with other peripheral locations of Bengaluru.
Ongoing infrastructure works aimed to transform the ORR into a signal free corridor and the upcoming hotel and retail projects will further enhance connectivity and support infrastructure in this micro market.
