The Marathahalli ORR stretch has been a hub of commercial activities; a home to many Fortune 500 companies and startups alike. With operational office space of approximately 19 million sq ft, this region is characterized by large multi-tenanted IT parks and SEZs. Notable office projects include Prestige Tech Park, Divyasree Technopolis, Bagmane World Technology Park, Cessna Business Park. The rental values for Grade An office spaces are in the range of INR 75-85/sq ft per month.
Marathahalli ORR, as a micro- location has flourished as it has been well supported by good social infrastructure including hotels, malls, educational institutions and access to the large talent pool. Proximity to the CBD area and major residential markets towards the east such as Marathahalli, Old Airport Road, Brookfield and Mahadevapura also add to its locational appeal.
While the ORR itself is a significant civic infrastructure project that connects Bangalore laterally, connectivity is further enhanced with the signal free corridor initiative, that considerably reduces travel time. Most of the high-traffic junctions now have flyovers or underpasses. However, congestion on the ORR continues to be a point of concern. This is expected to be addressed by the upcoming metro connectivity in the region.
With a healthy supply in the pipeline and the metro rail connectivity expected to solve the traffic bottlenecks in the region, this micro- market will continue to be sought after for its well-developed office ecosystem.