ITIR got Boost up in Bangalore

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ITIR got boost in Bangalore,Karnataka
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Information Technology Investment Regions (ITIR)
got a boost on 16th October when Chief Minister
of Karnataka directed Karnataka Industrial Areas
Development Board (KIADB) to issue final
notification for acquiring 2,072 acres.
ITIR is coming nearer to Bangalore International
Airport. Below are the salient features of the
ITIR. ITIR A Government of India and State
Government joint initiative to attract
investments in IT / ITES / EHM Sectors.
An integrated IT Township with world-class
facilities, residential / social / educational /
health Infrastructure. Projected Employment
Direct 255,000 Indirect 857,000 Total
Investments by 2030 US 20 Billion M/s.
Deloitte Touche appointed as Consultants.
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Government of Karnataka proposes to attract major
investment in the Information Technology/Informati
on Technology Enabled Services/Electronic
Hardware Manufacturing space. The State
Government proposes to set up Information
Technology Investment Regions (ITIRs), which
would be endowed with excellent infrastructure
and investor-friendly environment. The
Government is considering setting up the first
ITIR in the vicinity of Bangalore International
Airport.The proposed ITIR would be specifically
delineated investment region with a minimum area
of around 40 Sq.kms. (about 10,000 acres of
land),which may include Special Economic Zones,
Industrial Parks, Export oriented units, Free
trade and Warehousing zones. The ITIR would be a
combination of production units, public
utilities, logistics, environmental protection
mechanisms, residential areas and administrative
services, with excellent infrastructure. The
internal infrastructure of the ITIR would be
internally built and managed by a Developer or a
group of Co-developers.
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• The external linkages will be provided by the
  Government of India and State Government.
• Companies engaged in IT/ITeS/Electronic Hardware
  Manufacturing are invited to set up units in the
  ITIR.
• In this context, the State Government would like
  to know about the land/space requirements of the
  IT companies in the ITIR.
• Its really good time to invest projects around
  ITIR, below projects which is really having good
  appreciation in the future invest.
• 1. Le Lexuz Stoneview
• 2. Brigade Orchards
• 3. Aerocity
• 4. Hiranandani Cottages

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Bangalores IT industry employs six times as much
workforce as the government. It has huge
potential and this project is expected to
generate more than 20 lakh direct jobs. This
results in import bill on electronics is more
than 400 billion which is higher than oil
imports. We need to increase our IT export
revenues to 4 lakh crore by 2020. We are trying
to achieve this by liberalising our IT-BT
policies. The realty developers, however do not
see the need to wait for the things to actually
happen on ground. Completely convinced that
Devanahalli will hit it big-time later if not
sooner, huge villa complex developments have been
springing up in this area. This ITIR is
independent of another 3800 acres of land that is
already in the possession of KIADB before the
Devanahalli international airport where the
Hardware park is in the final stages of getting
ready apart from a number of companies about to
start constructing their campuses.
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Actually this project has to be completed by 2012
but the delay in land acquisition has caused the
cost of acquisition to increase significantly and
has been a primary hurdle for the completion of
this project. Finally the IT is expanding in all
directions of Bangalore. BY Realty compass
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