It's still raining projects!

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projectgyan51b&w.jpgInternational real estate consultant firm Jones Lang LaSalle’s shows Bangalore, Mumbai and New Delhi to be the top three investors’ choices for real estate investment in 2005

The recent April showers which continued through May, has brought out issue of rattling infrastructure in the city. But the image built by Bangalore as the most wanted tech hub in Asia, stands unshaken despite all the government apathy and infrastructural problems. With hotels being packed with jet-setting executives, builders are busy booking new projects and recruiters are running around for more manpower.

 

According to international real estate consultant firm Jones Lang LaSalle’s annual Investor Sentiment Survey for Asia, Bangalore, Mumbai and New Delhi are the top three investors’ choices for real estate investment in 2005. The survey also noted that investment interest in the region will continue to be robust this year with more confidence towards the retail and office property markets across the region.

 

The Investor Sentiment Index measures investors’ expectations of total returns (1 being positive, 2 neutral and 3 negative). The majority of the cities surveyed received a positive or neutral assessment in the short term. Bangalore and Mumbai topped the list of preferred real estate investment locations in 2005 with a sentiment index of 1.13, followed closely behind by New Delhi (1.17). JLL feels this upbeat mood can be attributed to India’s strong economic performance and its established position as an MNC offshoring destination. While the more robust real estate market in Bangalore is mainly due to its knowledge hub tag.

 

Jones Lang LaSalle’s Investor Sentiment Survey for Asia is conducted annually. Top executives from the most influential real estate investors – developers, real estate funds, Real Estate Investment Trusts and private investors – across the region participated in the third and recent issue of the pan-Asia survey. The survey solicits investors’ views on the outlook for various property sectors in 14 major cities across Asia and seeks to provide insights into expectations on investment returns and hence serves as a leading indicator of real estate investment sentiment and strategy.

 

List of Projects for the Year 2003-04

 

Meanwhile there are some fresh set of investments happening in the city and also around the state. This is despite all the infrastructure problems aggravated by the state government’s apathy towards the industrial sector. This compilation given in ‘Kaigarika Varthe’ published by the Karnataka State Dept of Industries and Commerce, clearly shows eagerness of both IT and non-IT companies to invest in the state. Investment is rapidly building up in sectors like pharmaceutical, garments, Iron and steel and Petroleum.

 

 
Projects Approved for Investments above 50 Crores

 

 

Name of the Company

Project

Location

Investment

  (Rs. in crores)

Employment

Infosys Technologies Ltd.,

Software Development

 

Yelahanka / Mangalore Mysore

1760.00

42,000

Strides Arcolab Ltd

Speciality Sterile formulations

Bommasandra Jigani link road, Bangalore

170.00

120

Cipla Ltd

Bulk drugs

Bommasandra Bangalore

85.50

150

Mudra Fabrics Ltd

Fabric and Garment

Manufacturing

Apparel park, Doddaballapur Blr, Rural

117.58

461

Davanam Constructions

Multiplex

ShoppingMall

Rajajinagar, Bangalore

163.50

3,336

ISKCON

Indian Heritage

Theme Park

Kanakapur Road  Bangalore

348.00

4,000

HCL Technologies Ltd

Software Development

Whitefield Bangalore

366.00

10,000

Innovative Studios Pvt. Ltd.,

Film Studio, Multiplex

Bidadi Indl. Area  Bangalore Rural

143.00

12,500

Covansys (I) Pvt. Ltd.,

Software Development

Hitech City, Bangalore

252.50

5,000

Indian Strategic Petroleum Reserves Ltd

Crude Oil Storage

Mangalroe

700.00

34

Vasavadatta Cement (P) Ltd.

Cement

Sedam taluk, Gulbarga

432..50

150

Gokak Sugars Pvt. Ltd.,

Sugar

Kolavi Village Gotak, Belgaum

58.00

712

Mangalore Refinery and  Petrochemicals Ltd

Petrochemicals & 2000

MW Power Generation

Mangalore

7475.00 + 8594.50

730 + 800

MRPL

200 Retail outlets for fuel distribution

Through out state

572.00

1116

Jindal Thermal Power Company Ltd

2x250 MW

thermal power

Udupi

1838.20

173

Samsons Iron & Steel Company

Integrated Mini

Steel Plant

Harappanahalli

Davangere Dist.

247.00

417

Gas Transportation and Infrastructure Co. Ltd.,

Pipelines to transport natural gas and  Petroleum Product

Chennai to Bangalore

357.50

10

 

Issue BG51 June05