1 City Overview (continued)
1.1 Bangalore Micro-market Classification and Key Commercial Hubs:
Bangalore has been classified into different activity zones based on the concentration and profile of development activity,
as detailed below:
Micro-market
Locations Included
Description
Central Business
District (CBD)
MG Road, Residency
Road, Richmond
Road, Lavelle Road,
St. Marks Road,
Kasturba Road, etc.
•
Established commercial hub of the city
•
Primarily witnessed to house Non-IT tenants such as R&D,
Telecom, Banking and Financial Services, etc.
•
Prominent companies that have presence in this micro-market
are EY, 3M, Credit Swiss, HSBC Bank, ING Vysya, etc.
Extended Business
District (EBD)
Indira Nagar,
Koramangala, Old
Madras Road, CV
Raman Nagar, etc.
•
Spill over activity from CBD witnessing mix of commercial and
residential activity
•
Tenant profile characterised by a mix of IT and Non-IT occupiers
•
Prominent companies that have presence in this micro-market
are Intel, IBM, Goldman Sachs, Volvo, Texas Instruments, etc.
South Bangalore
Bannerghatta Road,
JP Nagar, Jayanagar,
Mysore Road, etc.
•
Tenant profile primarily characterised by IT/ITES occupiers
•
Prominent companies that have presence in this micro-market
are Honeywell, Mindtree, Oracle, Accenture, etc.
Peripheral Business
District (PBD)
Electronic City,
Whitefield,
Hosur Road etc.
•
IT/ITES hub of the city – presence of designated zones promoted
by KIADB
•
Organised commercial developments mostly IT/ITES in nature
•
Prominent companies that have presence in this micro-market
are Infosys, HP, TCS, I flex, Wipro, etc.
ORR
Marathahalli to
Sarjapur Road Stretch
•
Currently a preferred IT/ITES hub of the city
•
Characterised by large Grade – A developments (SEZ and
Non-SEZ) with superior infrastructure provisions
•
Tenant profile characterised by prominent IT/ITES occupiers
•
Ample availability of land that can be developed
North Bangalore
Nagavara ORR,
Yeshwantpur, Bellary
Road
•
Future growth vector of the city
•
Organised commercial developments mostly IT/ITES in nature
witnessed at present
•
Prominent companies that have presence in this micro-market
are IBM, Alcatel Lucent, Philips, Fidelity, Nokia Siemens, etc.
Source: CBRE Research
B
Bangalore COMMERCIAL MARKET OVERVIEW
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ASCENDAS india trust ANNUAL REPORT
2015/2016
