1. LOREM IPSUM DOLOR SITAMET
Lorem Ipsum
Bangalore: Outer Ring Road
IT/ITeS Growth Corridor Series
September, 2010
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2. Bangalore: Outer Ring Road
IT/ITeS Growth Corridor Series
ORR 2010 & Beyond
Hebbal
18.6 million sqft of operational Grade A office
space
25% of Bangalore’s total operational IT space
KR Puram
75% of Bangalore’s total operational IT/ITeS SEZ
space
5% Marathahalli
of office space vacant as of H1 2010
95% of the office space occupied by IT/ITeS companies
3.3
Silk Board Jn.
million sqft Grade A office space under
construction
28 million sqft planned Grade A office space
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3. Bangalore: Outer Ring Road
IT/ITeS Growth Corridor Series
Executive Summary
The Outer Ring Road stretch from Hebbal to Silk Board Junction, popularly referred to as ORR, has developed
in the last 10 years as an Information Technology (IT) growth corridor and accounts for almost 25% of
Bangalore’s total IT space. Currently, global IT clients such as IBM, Accenture, Cisco, Philips, Intel, Honeywell
and others operate in this micro market.
ORR scores over other IT growth corridors of Bangalore in terms of proximity to Central Business District
(CBD), availability of large land parcels, proximity to city’s talent pool and favourable development
regulations. Ongoing infrastructure works aimed to transform the ORR into a signal free corridor and the
upcoming hotel and retail projects will further enhance connectivity and support infrastructure in this micro
market.
ORR’s IT growth corridor story commenced in early 2000s with land acquisition and allotment efforts by
Karnataka Industrial Areas Development Board (KIADB) to promote IT developments. Further, single window
clearance system adopted by Karnataka Udyog Mitra (KUM) supported the KIADB’s initiative. Prior to
commencement of Bagmane World Technology Center & Ferns Icon in 2008, developmental activity was
largely concentrated between Marthahalli – Sarjapur stretch primarily due to favourable zoning regulations
and availability of large land parcels. Currently, the Marthahalli – Sarjapur and Hebbal – KR Puram stretches
account respectively for 57% & 36% of the total Grade A office space operational along the ORR. In future,
KR Puram - Marthahalli stretch is likely to witness almost 17% of the total IT space being developed in this
micro market.
ORR predominantly has large multi-tenanted IT parks with almost 95% of the total Grade A office space
being occupied by IT and ITeS companies and the proportionate share between IT and ITeS segments is 57%
and 42% respectively. As on date ORR has over 18 million sqft of operational IT space and approximately
another 3.3 million sqft under construction. The planned supply along this micro-market is estimated to be
28 million sqft. ORR constitutes for 75% of the Special Economic Zone developmental activity in the city and
this trend is expected to continue as this micro market has over 300 acres of land available for development
under SEZ category.
Current levels of vacancy of Grade A office space along ORR is just over 1 million sqft and likely to drop in H2
2010. Even during the global meltdown phase (Q4 2008 – 2009) average rentals for Grade A office space in
ORR relatively witnessed a lesser drop compared to other peripheral markets – Whitefield and Electronics
City signifying the balance between supply and demand levels.
While ORR continues to remain an attractive IT growth corridor rental levels in short term are expected to
rise owing to very low existing vacancy levels and limited projects under construction. However in medium
to long term the prices will stabilize owing to planned supply.
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4. Bangalore: Outer Ring Road
IT/ITeS Growth Corridor Series
Emergence of ORR as a growth corridor for IT
developments
Transformation of Bangalore from a ‘Garden City’ to ‘Silicon Valley of India’ started in 1980s. Since the
beginning, IT hubs were predominantly concentrated in southern and eastern regions of the city namely
Secondary Business Districts (SBDs) of Airport Road, Bannerghatta Road, Koramangala & Indiranagar and
Government promoted Peripheral Business Districts (PBDs) of EPIP, Whitefield & Electronics City, Hosur
Road. This resulted in emergence of areas around SBD - Koramanagala / Indiranagar / BTM Layout / Sarjapur
Road in southern and eastern pockets of Bangalore as preferred residential locations by IT population.
Figure 1: Bangalore-Early IT Hubs
NH 4 To BIA N
Hebbal
Yeshwantpur NH 7
NH 4
ITPL
KR Puram
Magadi
Road Whitefield
CV Raman Nagar
CBD Indiranagar
Old Airport Road Marathahalli
Old Airport
Koramangla
Silk Board Jn.
Kengeri Sarjapur Road
BTM Layout
SH 17
NH 209
Bannerghatta
ORR (Hebbal to Silk Board Junction)
Major State and National Highways
NH 7
Residential Locations preferred by IT
working population Electronics’
Key IT Hubs in 2000 City
ORR’s IT growth corridor story commenced in early 2000s with land acquisition and allotment efforts by
Karnataka Industrial Areas Development Board (KIADB) to promote IT developments. To facilitate prompt
developments, KIADB acquired large land parcels along ORR and ensured conversion of the same for
industrial hi-tech use. Further, single window clearance system adopted by Karnataka Udyog Mitra (KUM)
supported KIADB’s initiative. With the completion of Outer Ring Road (ORR) in 2002, a new growth corridor
opened up for IT development in Bangalore.
The announcement of Special Economic Zone (SEZ) policy in 2005, led to the export oriented IT/ITeS sector
to focus their growth in upcoming SEZ parks due to expiry of the incentive structure under the Software
Technology Parks of India (STPI) scheme. Readily available large land parcels along ORR and Government
initiative of the revised Bangalore Master Plan 2007-15 provided impetus to IT development through
favorable zoning regulations.
With the commencement of Bangalore International Airport (BIA) in 2008 in Devanahalli, the ORR stretch:
Hebbal to Silk Board Jn. gained importance as it serves as the main artery between BIAL and major IT hubs
of Bangalore i.e. – Whitefield & Electronics City.
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5. Bangalore: Outer Ring Road
IT/ITeS Growth Corridor Series
The figure below summarizes the key events – (policy level, IT infrastructure development promoted by
Government and completion of BIA) which promoted ORR to become a IT growth corridor of Bangalore
Figure 2: ORR-Emergence as IT Growth Corridor
Key
Policy Level IT
Connectivity IT Developments along ORR
Initiatives Infrastructure
Intiatives
Formation of
1978 Electronics City
1990
Formulation of
1991 STPI Scheme
Commencement of
construction works
for ORR
Formation of EPIP
1994 Zone in Whitefield
1995
Commission of
Announcement 1996 · WIPRO
ITPB
1998 (JV between KIADB
of BIA
1999 & Ascendas) 1999 · Intel Technologies
2000 · Manyata Embassy Business Park
· RMZ Ecospace
2005
· RMZ Ecozen
· Salarpuria Supreme
2002
· Prestige Tech Park
Completion of ORR 2006
· Salarpuria Hallmark
· Salarpuria Softzone
Annoucement
2005 2007 · Vrindavan Tech Village
of SEZ Act
· Cessna Business Park
Release of · Salarpuria Touchstone
2007 Bangalore 2008 · Adarsh Tech Park (P-I)
2008 Master Plan · Ferns Icon
Commissioning · Global Technology Park
of BIA 2009 · Pritech Tech Park
2010 · Bagmane World Technology Center
Announcement of SEZ Act in 2005, favorable zonal regulations triggered growth along ORR
Presence of IT working population dominant residential zones in eastern and southern regions of
Bangalore due to development of IT hubs- Electronics City and Whitefield supported the growth of
IT developments along ORR
Post commissioning of BIA in 2008, the ORR stretch- Hebbal to Silk
Board Junction has gained importance as it acts as the main connection
between BIA and major IT hubs
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6. Bangalore: Outer Ring Road
IT/ITeS Growth Corridor Series
Advantage ORR
The following characteristics of ORR stretch
between Hebbal and Silk Board Jn. makes it one of
the most attractive IT growth corridors of
Bangalore:
· Availability of large land parcels
· Designated as Mutation Corridor**
· Zoning of land to Industrial Use (Hi-Tech)
thereby increasing the permissible FSI up
to 3.25
· Proximity to established IT talent pool &
established residential hubs
· Proximity to CBD (M.G. Road) compared
to other peripheral locations of Bangalore
· Ongoing construction of hotels, malls,
large Grade A residential developments
· Other initiatives by Government,
- Entire ORR Stretch to be a signal
free road by end 2011, as
Bangalore Development Authority
is constructing 8 flyovers and 2
underpasses at various
intersections.
- Widening of Old Madras Road,
Hennur Road & Banaswadi Road
under progress.
This ORR stretch of 31 kms exhibits different
characteristics and has varied potential and
activity for IT developments. Here, we have
categorized this stretch into 4 parts based on
intersection with highway/major road:
Stretch 1: Hebbal - KR Puram
Stretch 2: KR Puram – Marathahalli
Stretch 3: Marathalli – Sarjapur Road
Stretch 4: Sarjapur Road – Silk Board Jn.
** Mutation Corridor: The subject stretch of ORR as been designated as “Mutation Corridor “under Revised Bangalore Master Plan,
2007. As per this provision, plots with frontage equal to or more than 12m are eligible for conversion of land-use to ‘commercial’
and the permissible FSI being in the range of 2.75 to 3.25 (depending on the plot size, frontage and abutting road width). In addition
to the frontage, the entry and exit to the plot should be provided along the mutation corridor.
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7. Bangalore: Outer Ring Road
IT/ITeS Growth Corridor Series
The following table summarizes the potential of these stretches for IT developments:
Table 1: ORR-Potential for IT Developments
Stretch 2: KR Puram to Stretch 3: Marathalli to Stretch 4: Sarjapur to Silk
Attribute Stretch 1: Hebbal to KR Puram
Marathalli Sarjapur Board
Distance Chart
CBD (km) 9.5 13.5 15 11
Bangalore International Airport
32 42 47 52
(BIA)
Land Availability
Availability of land for IT
Limited Available Available Limited
development
Zoning and Reulatory Attributes
Sarjapur to Iblur: Iblur Army
Camp
Residential; Industrial (General); Industrial Iblur to Sarjapur: Iblur Army
Main Land-use Residential
Industrial (Hi-Tech Zone) (Hi-Tech Zone) Camp
Sarjapur to Silk Board:
Residential
1.75 - 3.25 (Residential)
2.0 - 3.25 (Industrial - Hi Tech
Permissible FSI 2.0 - 3.25 (Industrial - Hi Tech 1.75 - 3.25 (Residential) 1.75 - 3.25 (Residential)
Zone)
Zone)
Resident IT Population within the catchment
Approximately % of total
Bangalore IT Population
~15% ~25% ~40% ~25%
residing within 30 mins travel
time from ORR stretch
Business and Social infrastructure
Koramangala, BTM Layout,
Dollar's Colony, RT Nagar, Kasturi Nagar, Banaswadi, KR Koramangala, HSR Layout, BTM
HSR Layout, Madiwala,
Frazer Town, Banaswadi, Kasturi Puram, Mahadevpura, Yemalur, Layout, Madiwala Bellandur,
Bellandur, Jaya Nagar,
Major residential areas (within Nagar, Mahadevpura, Kalyan CV Raman Nagar, Indiranagar, Marathalli, Yemalur, Brookefield,
Banashankri, Bannerghatta
30 mins) Nagar, Nagwara, Hebbal, HBR Marathalli, AECS Layout, Sarjapur Road, Haralur Road,
Road, Sarjapur Road, Haralur
Existing/ Growing/ Upcoming Layout, Hennur Road, Bellandur, Karthik Nagar, Devarabeesanahlli,
Road, Devarabeesanahalli,
Thannisandra Road, Bellary Doddenakkundi, Whitefiled Kadubeesanahalli, Hosa Road,
Kadubeesanahalli, Hosa Road,
Road, Whitefield Road Road, Varthur Road Varthur Road, Hosur Road
Hosur Road
Royal Suites (Serviced Hotel Seven (4 Star) and Lotus Ivy (Business Hotel)
Existing Hotels None
Apartments) Park (Business Hotel) Orange Hotel (Business Hotel)
Novotel IBIS (559 rooms)
Park Plaza (237 rooms)
Upcoming Hotels (Till 2012) Hotel Westin (246 rooms) None Palm Retreat (200 rooms) Marriott
Shangri-La (450 rooms)
Salarpuria (250 rooms)
Upcoming Retail Malls None Soul Space Arena Soul Space Spirit None
Overall Potential for IT
Moderate Moderate High Low
development
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8. Bangalore: Outer Ring Road
IT/ITeS Growth Corridor Series
Figure 3: ORR-IT Growth Corridor
N
To BIA
Bellary Road
Nagwara
Hotel Westin
1
Hebbal
BEL
Sanjay Nagar Hennur
Hebbal HBR Layout Hormavu
To Hosakote
RT Nagar
Banaswadi
Ramamurthy Nagar
OMBR Layout
Kasturi Nagar
Frazer Town
To Whitef ield
KR Puram HP
Mahadevpura
2
CV Raman Nagar 3
Soul Space Kartik Nagar
DRDO Arena
Kaggadaspura
CBD 4
BEML
Indiranagar AECS Layout
NAL
ISRO
HAL BEML Layout
Marathahalli
Yemalur To Whitef ield
Old Airport 5 Marathahalli
Park Plaza
NAL 6
Novotel IBIS 7
Legend 17
Salarpuria – 18
8
Merill Lynch
STPI Parks Soul Space 9 Existing Malls / Hyper-markets
Koramangala Spirit 10 16
Bellandur 11 15
SEZ Parks 12 13 INTEL Shangri-La
Upcoming Malls
BTM Layout Marriott
14
Palm Retreat
Silk Board Jn. SEZ / STPI ParksSarjapur Legend Existing
Serviced Hotels/ Serviced Apartments
Sarjapur Road Apartments
Under-construction STPI Parks
STPI Parks
HSR Layout UpcomingWIPRO Serviced Apartments
Hotels/
Existing Malls / Hyper-markets
Hosur Road Haralur Road
To Electronics’ City To Sarjapur
Legend Under-construction SEZ Parks
SEZ Parks Upcoming D Organizations
PSUs R & Malls
STPI Parks Existing /facilities
BTS STPI Hyper-markets
SEZ Malls /Parks Upcoming Under-passes
Existing Hotels/ Serviced Apartments
SEZ Parks Residential Locations
Upcoming Malls
Under-construction STPI Parks Upcoming Hotels/ Serviced Apartments
Flyovers
SEZ / STPI Parks Legend Potential Growth Regions
Existing Hotels/ Serviced Apartments
Under-construction SEZ Parks PSUs R & D Organizations
Under-construction STPI Parks
STPI Parks Upcoming Hotels// Serviced Apartments
BTS facilities
Existing Malls Hyper-markets Upcoming Under-passes
Under-construction SEZ Parks
SEZ Parks PSUs R & D Organizations
Residential Locations
Upcoming Malls Upcoming Flyovers
BTS facilities Parks
SEZ / STPI Upcoming Under-passes
Potential Growth Regions
Existing Hotels/ Serviced Apartments
List of Existing, Upcoming and Proposed IT Park
Residential Locations STPI Parks
Under-construction Upcoming Flyovers Serviced Apartments
Upcoming Hotels/
1 ManyataGrowth ParkSEZ Parks
Potential Tech Regions
Under-construction 7 PSUs R & D Organizations
Prestige Tech Park 13 Global Technology Park
Bagmance World Technology
BTS facilities Upcoming Under-passes
2 8 RMZ Ecozen 14 Pritech Park
Centre
Residential Locations Upcoming Flyovers
3 Fortune City 9 Salarpuria Hallmark 15 Vrindavan Tech Village
Potential Growth Regions
4 Ferns’ Icon 10 Salarpuria Touchstone 16 Adarsh Tech Park
5 Salarpuria Supreme 11 Salarpuria Softzone 17 Cessna Business Park
6 Prestige Exora Business Park 12 RMZ Ecospace 18 Umiya Business Bay
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9. Bangalore: Outer Ring Road
IT/ITeS Growth Corridor Series
IT developments along ORR
· ORR stretch accounts almost 25% of the Table 2: ORR-Operational IT Parks
Bangalore’s total IT space.
Operational Area
Name of the Park Category as of H1 2010 Key Tenants
- The Hebbal to K.R. Puram stretch is (in million sqft)
dominated by office space supply Hebbal to K.R. Puram
from Manyata Embassy Business Manyata Embassy
Park. STPI & SEZ 6.80 IBM, ANZ, Philips
Business Park
K.R. Puram to Marathahalli
- Gopalan Enterprises’ Fortune City Bagmane World
IT/ITeS SEZ and Bagmane World SEZ 1.00 EMC2
Technology Centre
Technology Centre - Phase II will be Lenovo,
Ferns Icon STPI 0.38
key driver for office space supply STMicroelectronics
between K.R. Puram to Marathahalli to Sarjapur
Marathahalli stretch. Further, RMZ Ecospace STPI 2.00
Accenture, AOL,
Capgemini
availability of land for future
development assures more activity Pritech Ecospace SEZ 1.80
Quest, Firstsource,
Symphony Services
in short to medium term along this
Vrindavan Tech Cisco, OPI,
stretch. SEZ 1.48
Village T-systems
Oracle, Nokia,
- IT parks located between Prestige Tech Park STPI 1.00
Yodlee
Marathahalli - Sarjapur Road
SAP, Genpact, Akamai
account for more than 55% of the Salarpuria Softzone STPI 0.90
Technologies
total operational office space along Honeywell, Subex,
Adarsh Tech Park SEZ 0.77
ORR. Large land parcels locked with KPIT Cummins
existing developments ascertain
Salarpuria Hallmark STPI 0.42 Teleca, Quest, Nokia
trend to continue in future too.
Salarpuria MTS, Mentor
STPI 0.42
- Sarjapur - Silk Board Jn. stretch Touchstone Graphics, ARM
witnessed no IT space activity Global Technology
STPI 0.27 LSI Logic
mainly on account of limited land Park
availability and existing zoning Salarpuria Supreme STPI 0.21
Blue Coat, Motorola,
Ocwen
regulations.
RMZ Ecozen STPI 0.11 Aricent
· Currently, the Marthahalli – Sarjapur Road
& Hebbal – KR Puram stretches account for
57% & 36% of the total Grade A office space Table 3: ORR-Upcoming IT Parks
operational along the ORR.
Expected Area
Name of the Park Category
· In future, KR Puram - Marthahalli stretch is Completion Date (in million sqft)
Prestige Exora
likely to witness more IT space activity and Building 1
STPI Q1 2011 0.67
almost 17% of the total IT space along ORR
Adarsh Tech Park SEZ Q4 2010 0.50
would be along this stretch.
Umiya Business Bay STPI Q1 2011 0.45
Vrindavan Tech Village
SEZ Q4 2010 0.32
Phase II (2A)
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10. Bangalore: Outer Ring Road
IT/ITeS Growth Corridor Series
· Since 2004, over 18 million of office Table 4: ORR-IT Space Distribution
space has been constructed on ORR. In
Stretch Operational U/C Planned Total
H1 2010, ORR witnessed absorption of
Hebbal - K.R.Puram 36% 11% 15% 23%
almost 1.5 million sqft and currently has a
vacancy rate of 5% for office space (1 K.R.Puram - Marathahalli 7% 30% 22% 17%
million sqft). This is expected to further Marathahalli - Sarjapur 57% 59% 63% 61%
drop in H2 2010 to as low as 3%.
Figure 4: ORR-Grade A Office Space Supply
· Recent trend of IT companies moving to
SEZs may be due to revised Direct Tax
Code (DTC) published in Q2, 2010. As per Vestian
30.0 Estimate 27.8
revised draft of DTC, units coming up in
25.0
SEZs after the implementation of the
sqft (in millions)
18.6
20.0 17.6
Code from April 1, 2011, would not be
15.0
entitled for Tax holiday.
10.0
· Lower vacancy rates and very little 5.0 3.3
0.4
3.2
construction activity (3.3 million sqft) has 0.0
made developers including Primal Projects Operational U/C Planned
(2010 - 2012) (2012 and beyond)
(Pritech Phase 2), Bagmane (World Supply Absorption
Technology Center Phase 2), revisit the
construction plans and commence
construction of their respective projects in
H2 2010.
· Untill 2007, developments on the ORR
were predominantly Software Technology
Parks such as RMZ Ecospace, Manyata
Embassy Business Park etc. Post 2008 the
development trend on this stretch has
been towards SEZ projects such as
Vrindavan Tech Village, Pritech Park,
Cessna Business Park, and Manyata
Embassy Business Park (SEZ).
· Around 55% of the operational space falls
under SEZ category and accounts for more
than 75% of operational SEZ space in
Bangalore; considering 80% of the ORR’s
future supply is in SEZ category the micro
market will continue to dominate in this
category of office space.
Figure 5: ORR-Supply & Absorption Trend
8 10%
7
8%
6
sqft (in millions)
5 6%
4 Vestian
Estimate
3 4%
2
2%
1
0 0%
2006 2007 2008 2009 2010
Supply (STPI) Supply (SEZ) Absorption (STPI) Absorption (SEZ) Vacancy in %
Page | 10

11. Bangalore: Outer Ring Road
IT/ITeS Growth Corridor Series
· Planned supply is largely concentrated in Figure 6: Bangalore-Rental Value Trend
the existing parks itself: 100
- Under STPI category, existing 80
Global Technology Park and
INR/sqft/month
Manyata Embassy Business Park 60
has land for future developments.
New entrants include Prestige 40
Exora Business Park and Umiya 20
Business Bay.
0
- Under SEZ category, developers 2006 2007 2008 2009 H1 2010
of existing parks have more than CBD Suburban ORR Peripheral
300 acres of land for future
development. Leading projects Table 5: ORR-Key Occupiers
include Pritech Park, Vrindavan Area Occupied
Tech Village, Adarsh Tech Park Occupier
(in million sqft)
and others. IBM & IBM Daksh
> 1.0
· During global meltdown phase, Q4 2008 – Cisco Systems
2009, average rentals in ORR witnessed Honeywell
drop of only 20% compared to 30 - 40% Philips > 0.5
drop in other PBDs of Bangalore. This EMC 2
signifies the balance in demand and
Nokia
supply of real estate space along ORR.
Outsource Partner International
· ORR predominantly houses multi- T-Systems
tenanted IT developments with an AOL
exception of Intel Campus which is an
Accenture > 0.2
owned facility.
Capgemini
· Considered the hub of large IT Nokia-Siemens
developments with 5 out of 20 existing IT ANZ
parks having more than one million sqft
LSI Logic
operational spaces. This number is
expected to increase to 8 by 2012. Table 6: ORR-Key Lease Transactions (H1 2010)
Area
Company Building
(in sqft)
Nokia Technologies Vrindavan Tech Village 1,26,000
Brocade Vrindavan Tech Village 90,000
Akamai Technologies Salarpuria Softzone 70,000
Symphony Services Pritech Park 60,000
Teleca Salarpuria Hallmark 43,000
Cynivwea RMZ Ecospace 42,000
Ocwen Financials Salarpuria Supreme 28,000
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12. Bangalore: Outer Ring Road
IT/ITeS Growth Corridor Series
· IT/ITeS companies occupy more than 95% of the total operational space of which, 80% are Multi-
National Companies (MNCs).
· IT companies located in this micro market operate in software development, R&D and engineering
services space. ITeS companies provide knowledge and back-end services in IT & Telecom, BFSI, and
Retail and Healthcare verticals.
Figure 7: ORR-Occupier Profile
1%
57%
42%
IT ITeS Others
50% 50%
40% 40%
30% 30%
20% 20%
10% 10%
0%
0%
Software Engineering Support
IT and Telecom BFSI Healthcare Retail/ Others
Product and R&D Services and
Manufacturing/
Development Training
Media &
Entertainment
Page | 12

13. Bangalore: Outer Ring Road
IT/ITeS Growth Corridor Series
Future of ORR for IT developments
ORR is expected to continue to remain an attractive IT/ITeS growth corridor of Bangalore and improve
further with planned completion of numerous flyovers/ underpasses between Hebbal and Silk-Board Jn. by
end of 2011 and upcoming business & social infrastructure.
Rentals of office space are expected to rise to some extent in short term mainly due to low vacancy rates
and fewer under construction projects; however, only nominal rise in rentals is expected due to existing high
vacancy rates in PBDs such as Whitefield, Electronics City and others.
The current most active ORR stretch Sarjapur Road – Marthahalli would be extended till KR Puram, as
Marthahalli – KR Puram stretch is expected to witness high IT space activity in coming years.
While ORR over the years has emerged as the most preferred office space destination, this micro market
foresees a few challenges including:
- Uncertainty on future of tax holiday for SEZ units post implementation of DTC in April 1,
2011 may have adverse effect on ORR, atleast in short term, as most of the office space
supply along ORR is scheduled under SEZ category.
- Growth of ORR may slowdown due to the shift in focus towards Bangalore North for
upcoming developments.
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14. Bangalore: Outer Ring Road
IT/ITeS Growth Corridor Series
ACRONYMS
ORR – Outer Ring Road
Jn. – Junction
MNCs – Multinational Companies
IT – Information Technology
ITeS – Information Technology Enabled Services
CBD – Central Business District
SBD – Suburban Business District
PBD – Peripheral Business District
ITPB – International Tech Park, Bangalore
KIADB – Karnataka Industrial Areas Development Board
JV – Joint Venture
EPIP – Export Promotion Industrial Park
SEZ – Special Economic Zone
STPI – Software Technology Parks of India
DTC – Direct Tax Code
FSI – Floor Space Index
PSU – Public Sector Undertakings
BIA – Bangalore International Airport
Q1 – Quarter 1 (January – March)
Q2 – Quarter 2 (April – June)
H1 – First Half (January – June)
BTS – Built to Suit
BFSI – Banking Financial Services and Insurance
R&D – Research and Development
Page | 14