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The total supply of commercial offce space in Whitefeld
from January to December 2013 was 0.41 million sq ft
accounting for 7% of the total supply of commercial
offce space in Bangalore. Due to the existing availability
of offce space in the micro-market, developers have
been cautious and there is limited upcoming supply
in the micro-market. The upcoming planned supply of
commercial offce space in Whitefeld in the next 2-3
years is approximately 7 million sq ft which would be
approximately 25% of the total upcoming supply of
Bangalore in the next 2-3 years.
Some of the prominent upcoming projects (planned for
2014) in the subject micro market are:
6 Absorption andVacancy of the
micro market
As per C&WI research, the total absorption of offce
space in the year 2013 (January to December 2013) was
approximately 1.70 million sq ft in the micro-market.
Whitefeld currently accounts for approximately 20% of
the total city’s absorption. The supply and absorption trend
for the micro-market has been highlighted below:
7 SWOT Analysis
8 Outlook
Whitefeld is a self suffcient suburb of the city.
Further, with the ongoing infrastructure initiatives
like the metro rail line and the peripheral ring road,
the connectivity of the micro-market is expected
to improve over the next few years. Rentals are
expected to remain stable over the next 3-4 years
owing to current vacant stock and potential upcoming
supply which would be able to cater to the demand of
commercial offce space in the subject micro market.
However, due to the facilities provided by ITPB and the
extended warm shell option, the property is expected to
continue commanding a rental premium in the future.
Project Area (in sq ft)
Divyasree Techno Park (C4) 640,000
Salarpuria Mind Comp 425,000
Divyasree Techno Park (B4) 400,000
Kalyani Platina (Magnolia) 400,000
K Raheja Building (Commercial) 275,000
Brigade IRV Centre 270,000
Borukha Tech Park (Block B) 150,000
Source: Cushman &Wakefeld
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
FY08/09 FY09/10 FY10/11 FY11/12 FY12/13
Area in Million sq ft
Supply on million sq ft Absorption inmillion sq ft
Source: Cushman &Wakefeld
Strength
Established brand with International quality Grade A
development
Located within the IT corridor of the city with good
connectivity and enjoys good frontage on the
road access
Captive power plant and high tension 220 KV Bescom
backup power line makes it a state of art facility with
no power cuts round the year.
The integrated development (retail/SEZ/Non-SEZ/
hospitality) adds value to the property
Weakness
Traffc congestion during peak hours.
Opportunities
Preferred location for clients requiring higher warm
shell specifcations
With development of retail, residential and hotel
projects on Whitefeld Road,the micro market is self-
suffcient in nature and a preferred residential location
for both end users and investors alike.
Threats
Upcoming supply in the micro-market.