186 187
6 Competition Analysis – Whitefield (continued)
Some of the prominent commercial developments in Whitefield include:
Building Name Developer
Year of
Completion
Completed
Area
(sq ft)
Vacancy
4Q 2014
Quoted
Rentals
( /sq ft/month)
Main
Occupiers
Prestige
Shantiniketan
Prestige
Developers
2013
3,510,000
51%
36
Sonus Networks,
Alcon Laboratories,
Cap Gemini
DivyaSree
Technopark
DivyaSree
Developers
2014
1,825,000
7%
40
Accenture
Kalyani Platina
Kalyani
Developers
2014
1,320,000
6%
36
Mu Sigma, HP,
Delphi
Salarpuria
GR Tech Park
Salarpuria
Group
2008
1,255,000
1%
32
HP, Sapient, TCS,
Goldman Sachs
Bearys Global
Research
Triangle
(Ph-1)
Beary’s
Group
2012
900,000
25%
46
Schneider Electric
India Private
Limited, Bluefish
Pharmaceuticals
Private Limited
Brigade
Metropolis
Brigade
Developers
2010
835,000
0%
NA
Cap Gemini,
GE Health Care
RMZ NXT
RMZ Corp.
2007
800,000
0%
NA
State Street Global
Advisor, Allegys,
Rolls Royce
Source: C&W Research
The total supply of commercial office space in Whitefield from January to December 2014 was 1.6 million sq ft which is 16.8%
of the total supply of commercial office space in Bangalore. Due to the existing availability of office 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 office space in Whitefield in the next 2-3 years is approximately 3.7 million sq ft, which would be approximately
12% of the total upcoming supply of Bangalore in the next 2-3 years.
Some of the prominent upcoming projects (planned for 2015) in the subject micro-market are as follows:
Project
Area
(sq ft)
DivyaSree Techno Park (C1)
640,000
Salarpuria Mind Comp
425,000
Brigade IRV Centre
270,000
Source: C&W Research
