SEO Version
152
4 Specifcations
ITPB was conceptualised as a ‘plug-and-play’ concept
and is equipped with such features to provide a complete
lifestyle environment with value-added amenities. Some
of these features include:
Dedicated captive power plant of 20.0 MW, Wi-Fi/
broadband connectivity.
Large foor plates for effcient space usage and layout,
central air-conditioning.
State-of-the-art fire and security systems,
centrally controlled and monitored building
management systems.
Lush landscaping with fountains enhancing aesthetic
appeal of the property.
In addition, round-the-clock in-house maintenance
teams and qualifed project management teams are
available to oversee all requirements such as general
maintenance and ft-out requirements of the tenants.
Dedicated retail area with food courts and fve-star hotel.
5 Competition Analysis
ITPB was the frst Grade A offce space development
in Bangalore. ITPB provides extended warm shell space
26
in their non-SEZ offce space while most developments
in the vicinity offer only warm shell space. Due to the
extended warm shell specifcation as well as the other
facilities ITPB offers, it commands higher rentals as
compared to other development in the vicinity.
Whitefeld’s commercial micro market comprises a
mix of Build-To-Suit, campus and speculative
developments. The success of ITPB led to development
of many commercial buildings/projects in the micro-
market. The present stock of offce space in Whitefeld
is approximately 27 million sq ft (including ITPB) and
accounts for approximately 23% of the offce stock in
the city. The micro-market has witnessed high infusion of
offce space in the last couple of years leading to an over-
supply situation. In addition, the micro-market witnesses
competition from developments on Outer Ring Road too.
26
includes A/C ducting, False Ceiling, Lighting and Fires Fighting systems in tenant areas.
Some of the prominent commercial developments in Whitefeld include:
Building Name Developer
Year of
Completion
Completed
Super Built up
Area (sq ft)
Vacancy
as at 2013
(sq ft)
Quoted Rentals
(INR per sq ft
per month)
Main Occupiers
Prestige
Shantiniketan
Prestige
Developers
2013
3,510,000
62%
35
Sonus Networks, Alcon
Laboratories
DivyaSree
Technopark
DivyaSree
Developers
2011
1,425,000
0%
NA
Accenture
Salarpuria GR
Tech Park
Salarpuria
Group
2006
1,200,000
0%
28
HP, Sapient, TCS, Goldman
Sachs
Kalyani Platina
Kalyani
Developers
2012
920,000
20%
35
Infneon Technologies, ACS
Bearys Global
Research
Triangle (Ph-1)
Beary's Group
2012
900,000
47%
32
Schneider Electric India
Private Limited, Bluefsh
Pharmaceuticals Private
Limited
Brigade
Metropolis
Brigade
Developers
2010
835,000
14%
36
Cap Gemini, GE Health Care
RMZ NXT
RMZ Corp.
2007
800,000
0%
NA
State Street Global Advisor,
Schneider Electric, GDC Suez
India
Source: Cushman &Wakefeld
ITPB: Property analysis
Powered by FlippingBook Publisher