ASCENDAS india trust ANNUAL REPORT 2014/15
3 Tenant Mix
The IT Park has a tenant mix of IT/ITES and other knowledge based industries.
4 Development Performance
CyberVale IT Park is situated on approximately 18.2 acres of land and has two buildings with a total leasable area of
approximately 0.6 million sq ft. It has vacant land area of around 4.4 acres which can be developed into a 371,000 sq ft
IT/ITES building. The properties also offer value-added amenities such as food courts and 100% back-up power to provide
a unique experience.
5 SWOT Analysis
Strengths
• The project is a notified SEZ development.
• The project is located within MWC which is an established multi-product SEZ and also has a
number of operational facilities within the campus.
• The building has high occupancy.
• CyberVale is located close to the Paranur Railway Station and thus connected by rail to the other
parts of the city.
• The property is also well connected to the other parts of the city through established roadways.
Weaknesses
• Distance from the city and airport may act as a deterrent.
• Limited social infrastructure and entertainment node in the vicinity of the micro-market.
Opportunities
• Limited supply of IT/ITES SEZ space along the GST corridor may boost the demand for quality
office space in the corridor.
• With the current tenant mix, the subject property may attract high profile tenants.
Threats
• Future supply from the suburban market at reasonable rental may impact future absorption in
the peripheral markets.
6 Outlook
With availability of large land parcels along the GST Road, this corridor became an ideal ground for SEZ developments.
Rentals are expected to remain stable during 2015 due to the limited number of IT/ITES developments along the corridor,
limited office supply and low vacancy.
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C y b e r V a l e : P r o p e r t y A n a l y s i s
