IT's on in Mysore, Mangalore
Looks At Towns As Bangalore Hits Dead End
The IT city has hit a dead end:Real Estate rates
have spiralled seven times, government land is full
and IT firms have no space to set up shop in Bangalore.
Bangalore's loss is being turned into Mysore and
Contrary to projections, demand for land in Bangalore
is still endless, despite the traffic and infrastructure
difficulties. Every inch of the 1,400 acres in Electronics
City Phases I, II, III and at the Export Promotion
Industrial Park at Whitefield has already been snapped
But further growth is hit: Private land costs Rs.
4 crore to Rs. 5 crore an acre, keeping it out of
all but the deepest pockets. KIADB's plan to offer
800 acres for IT firm, from Bommasandra-Jigani to
Electronics City Phase IV has hit a roadblock -
the Green Belt imposed around Bangalore.
officials said unless the government decides to
relax the Green Belt restrictions, there is no land.
"But we are not turning IT companies away.
We have found a solution to stop the flow of capital
to Chennai, Pune or Hyderabad by offering them land
and facilities in our secondary cities, Mysore and
Mangalore," KIADB CEO B.A. Harish Gowda said.
The proposal has caught the fancy of most companies
that have approached the KIADB. Gowad said at least
20 companies had expressed seroius interest in both
The magnet is: IT leaders Infosys and Wipro have
opted to go to both Mysore and Mangalore. Infosys
set shop in a sprawling 300-acres campus in Mysore
and is taking another 312 acres in Mangalore; Wipro
has sought land in both cities.
Besides, land at Mysore and Mangalore costs a fourth
the rate in Bangalore: A mere Rs. 15 lakh per acre
against Rs. 60 lakh in any of the Silicon City's
Another IT requirement - cosmopolitan atmosphere
- is increasingly met by both Mysore and Mangalore.
They also boast of premier educational institutions
leading to easy availability of trained personnel.
The clincher, however, is: "Infrastructure
at Mysore and Mangalore will superior to Bangalore.
The surroundings are tree-filled, the area planned
with wide roads, good water, power supply,"