LEASED OFFICE SPACE,VARTHUR ROAD,WHITEFIELD
The property is in an established IT location of Bangalore. It has a good accessibility to other parts of the city and has good neighborhood of premium residential developments, retail, and other social infrastructure. Metro will be commissioned in this micro-market in 2022, this will further improve the attractiveness of this location.
The property is a Grade A office park and fraction of a floor is available for sale. The existing tenant is a MNC having HQ in Australia.
The project is located along 80 feet road. Other attributes to the location are:
A mall is located 1 km and a metro station (under construction) at 4.5 kms.
This micro-market is home to fortune 500 IT/ITES giants including SAP, TCS, Cognizant Tech, Cap Gemini, Accenture, HCL Tech, Wipro, GE, Net App, and many others.
Post commencement of metro in 2022 in this micro-market, this area is expected to witness further growth.
This micro-market will continue to remain hub of IT companies in Bangalore. Post commencement of metro in 2022, this micro-market will witness spike in real estate activities. The average annual absorption is expected to be around 2 million sqft from 2022 onwards. The rentals will appreciate at least at 5% annually in medium term.