The surge of
the IT companies in the past decade has resulted in the demand of prime and
suitable space in the cities where there is more concentration of IT companies.In cities like Bangalore and other leading IT cities, there is a phenomenal
growth of the industry and with that there is also great demand for office
space in the city as well as outskirts.
The sudden spurt in the IT/ITES organizations resulted
in a huge influx of people relocating to these cities from all over the country
and also from some parts of the world causing some grave infrastructure
problems inside the city resulting in severe dearth of proper commercial and
residential accommodation apart from traffic snarls. As the demand for
commercial units rose steadily, scores of Developers came into the picture to
cater to the diverse needs of the companies. Only a handful of them could
remain in the reckoning while the rest faded into oblivion.Those who could
face the stiff challenges and remained in the fray were very reputed builders having a great track record and also adhered to the principles of sheer
eminence, work culture, strict adherence to the time schedules and customer
oriented service.
Some of the
reputed builders who are continuously serving the needs of these companies viz.Ascendas(India) Pvt Ltd., L&T, Salarpuria, Divyashree Developers (P) Ltd., RMZ Corp, SJR Group, Hiranandani, Kolte-Patil Developers, Raheja Builders, and Sigma Group. They could be rated as the high performers as far as IT Parks are
concerned.They are active in almost all
IT cities throughout India viz. Bangalore, Chennai, Pune, Gurgaon, Chandigarh,
Kolkata, Hyderabad and other second rung cities.
IT work place here means
not a mundane office but an office which would have adaptable work-live-play
shop environment, Hi-fi building management system, dedicated power plant,
safety and security, vehicle parking facility, Water storage and also lot of
modern amenities and to top it all, an aesthetically designed structure which
not only acts as a visual treat but also pumps the adrenaline levels of the
employees to an all time high.
It is to be noted here
that though India boasts of the state of the art Hi-tech parks, some of them
were not completely designed keeping with the specific industries in mind. But looking at the present trend, one may
find a multitude of service based companies like Software, R&D, ITES and
others inhabit these parks which are tailor made structures.
The main parameters that
are considered to declare a Hi-tech park as the best is always based on the
technology infrastructure, superior location advantages and natural conditions,
proximity to the down town city/CBD, complete associate service, suitable
transportation, assembled talents and sylvan environment.The list may also add
up other points like eco-friendliness, part of the modern new Sci-tech town,
closeness to the High education area, specifically for companies focused on
R&D, accommodating enterprise incubation and technology innovation, urban
featured industries, software exemplary base, Sci-tech commercial business,Sci-tech housing areas,
Out of the many Hi-tech
parks that are currently in the offing all over India, some of the parks offer
only space with the ready infrastructure while some offer space solutions in
addition to selling the space. The customers always get a better deal when they
go for space solution providers.
Factors like brand image,
International alliance, Quality benchmarks, technology infrastructure
standards, innovative space solution also plays a big role while putting a park
and the builder on a higher pedestal.
At present, there are
umpteen numbers of Hi-tech parks catering to the diverse needs of the clients.
But not all of them could be ranked as high performing parks owing to the
non-compliance of the above said parameters. It is indeed a very formidable
task to adhere to all the norms and those who have climbed to that level are
the market leaders and are in great demand by the clients. It has been estimated that from the present $3.5 billion,
the industry may see an upward trend to around $13 billion by the year 2007.
On the
commercial front, the demand has come from information technology (IT),
Business Process Outsourcing companies (BPO) and information technology enabled
services (ITES) companies looking for large space. With the IT industry in
India predicted to grow steadily and Bangalore as usual leading the way, the
demand for good quality office space near the existing IT locations is likely
to continue. About 250 ancillary industries such as cement, steel, brick,
timber, building material, etc are dependent on the real estate sector.
The maximum
contribution being from IT and ITES companies, according to the year-end report
by real estate consultants, Cushman and Wakefield.
More,
No comments:
Post a Comment