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Vadodara City Overview

Vadodara City Overview. www.barodarealty.com. Vadodara – amongst top 11 Cities. Consultancy firm Emst & Young in its recent city ranking exercise has

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Vadodara City Overview

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  1. Vadodara City Overview www.barodarealty.com

  2. Vadodara – amongst top 11 Cities Consultancy firm Emst & Young in its recent city ranking exercise has identified 11 New markets categorised as “B” cities , which hold maximum potential for investors and Named six cities including Surat, Chandigarh , Nagpur , Vishakhapatnam, Vadodara and Jaipur as the emerging cities. I. Vadodara City – at glance

  3. Vadodara City Geographical Location Localted 23°30” N 73° 19” East Area : 138 Sq Km Altitude : 35.5 Mts.Above Mean Sea Level Distance from Mumbai : 442 Km Distance from Delhi : 1039Km Distance from Ahmedabad : 110Km Climate & Temperature Maximum : 45 Deg C Minimum : 10 Deg C Avg. annual rainfall 93I mm

  4. Linkages Urban infrastructure • Well connected to major metros & other cities by: Roads • I st 4/6 lane National Express way linking Ahmedabad and ‘Gateway to the Golden Corridor’ • National & State Highways • State government run buses ply to the neighbouring states of Maharashtra , Madhya Pradesh and Rajasthan. • Within Gujarat , Vadodara is connected to Ahmedabad, Surat and Bhavnagar by regular roadways buses and delux air – conditioned coaches. • Other extensive district roads • Rail • major broad guage rail junction for passengers & freight, would be a port on proposed New Delhi – Mumbai dedicated Freight Corridor Project • Major broad guage rail between Mumbai – Ahmedabad & Mumbai – Delhi • Narrow guage rail junction Air • A model domestic airport (National award)

  5. Facts about Vadodara • Demographic • ----------------------------------------------------------------------------------------------------------------------------------------------- • Pupulation – Vadodara Urban Agglomeration is the 18th largest in india with a population of 1.5 Mn as per 2001 Census. Present population 2.0 Mn • Literacy Ratio – Literacy : 71.11% of total population (males 76.21% ; females 65.41) which is higher than national average • Majority of Population – Hindus 84.62% • Language – official language Gujarati, Hindi, Marathi and English widely spoken. Political ------------------------------------------------------------------------------------------------------------------------------------------------ • Maharaja Sayajirao University (MSU) , the jewel in the Vadodara crown, is the Ist university in Gujarat with English as the medium of instruction. • The city is popularity known as “Banyan City” and was capital of erstwhile Baroda State, one of the most porgressive and richest state of British India. Economic ------------------------------------------------------------------------------------------------------------------------------------------------- • There are large number of medium and large-scale industries (MLI) in and around Vadodara employing around 40000 people. Making it the third most developed industrialized district after Ahmedabad & Surat. • IPCL , ONGC, GAIL, GSPC, JYOTI, ABB, SUZLON, AREVA, LINDE, ALSTOM, GSFC, Gujarat Refinery, Indian Oil Corporation are some of the leading idustrial units besides hundreds of medium and small scale enterprises. • L & T has made a very large investment in Vadodara for engineering business. It is expected to expand its current employee strength of around 2000 to around 1000 in next couple of years. Cultural ---------------------------------------------------------------------------------------------------------------------------- • Rich historical and cultural heritage (high number of sites preserved by ASI). The Laxmi Vilas palace, rated among the 5 grandest, palaces of India. Vadodara is known as the “Cultural Capital ” of Gujarat.

  6. Facts about Vadodara (Cont….) Literacy rate of 70%+ which is higher than the national average The city workforce is multi cultural with people form different regions, the only cosmopolitan city of Gujarat. India’s 5th highest per capita income. Total population of Vadodara Urban Agglomeration is over 2.0 Million

  7. 3. Real estate Scenario

  8. Real Estate News • Reliance to acquire 800 acre land for University in Vadodara • --------------------------------------------------------------------------------------------------------------------------------------------------------------- • Reliance Industries Limited is all set to acquire around 800 acre at Jaspur, on the outskirts of Vadodara for its proposed university project. The proposed university is expected to churn out 10,000 graduates every year. Apart from Management and Information Technology , the university would offer multiple courses. MORE hypermart open in Vadodara ------------------------------------------------------------------------------------------------------------------------------------------------------------- • Kumar Mangalam Birla, Chairman, Aditya Birla Group, launched its first Hypermarket, more , a megastore in Vadodara. This hypermart – Megastore, spread over an area of 1,00,000 sq. ft., is located at Padmatex Mill Compound, Near Lalbaug crossing, Manjalpur, Vadodara and will remain open from 8:30 a.m. to 10:00 p.m. seven days a week. Low rentals bring BPOs to Vadodara ------------------------------------------------------------------------------------------------------------------------------------------------------------------- • Having to cut down operation costs in the wake of sub-prime cirsis, a number of companies are turning not only to Ahmedabad but also to Vadodara in a big way. While the Ahmedabad –Gandhinagar cluster stands out as the premier IT – ITeS hub in the state with more than 360 companies including TCS, Mphasis, Aegis, Satyam and Patni, Vadodara could well be the next IT hb of the state. The signs are already visible. As per the latest CII – KPMG report titled “Gujarat Ridig on Indian Off –horing Boom ?” , IT - ITeS exports from Vadodara have jumped from $II million (approximately Rs 43 crore) in 2005 to $-46 million (Rs 180 crore ) in 2007 where both IT and ITeS exports have grown at almost the same pace. Moreover , the number of companies in the IT-ITeS segment has gone up from 77 in 2006 to 87 in 2007.

  9. Real Estate News(cont…) • DLF to spend Rs. 400 Crore for Vadodara Project • ----------------------------------------------------------------------------------------------------------------------------------------------------------------- • DLF Retail, a part of the DLF Group, is going to invest Rs. 400 crore in its next project at Vadodara where it will develop a 5 Star Hotel as well as a Mall-cum-Multiplex at the land occupied at Ambalal Sarabhai campus. • L & T to hire 8,000 professionals for Vadodara Technology Park • ----------------------------------------------------------------------------------------------------------------------------------------------------------------- • India’s leading engineering and construction company, Larsen & Turbo (L&T), seems to be betting big on Vadodara. company will literally go on a hiring spree as it plans to recruit around 7,000 to 8,000 professionals, mainly engineers, by the year 2010 for its technology park at Vadodara.

  10. Real Estate Trends - Vadodara Witnessing high real estate activities in - Commercial sector – IT/ITES ____________________________ • National Real Estate Developers & Corporate Houses are planning • To come up with IT SEZs & IT Parks, some of them are: • For SEZs • Sterling Bio-tech • Maxiis • Hospitality • Luxury Hotels • Hyatt • Marriott Budget Hotel • Ginger Hotels • Berggruen Holdings • Quality Inn • Accor Group • Carlson • Technology, Knolwledge & Research Parks • L & T • SABIC

  11. Vadodara Retail – Medium to large format malls _______________________________ ADVANTAGE VADODARA • Retail • Pantaloon • Reliance Retail • Seven Seas • Big Bazaar • Inorbit by K. Raheja Corp • Aditya Birla Group – ‘More’ • Spenser Hypermart by RPg retail • Supportive State Government • Rapid Economic growth • Attractive Tax structure • Large immigrant white collar • population • High income levels • Faster approvals • Property appreciation, • regional investment • center for real estate • Modern and cosmopolitan Lifestyle • Pleasant weather conditions Residential – All types __________________ • Residential Villas for Elite class • High – rise apartments being planned • Mass Residential low cost housing • scemes

  12. Commercial Rates *Real Estate Rates quoted are for independent buildings/complexes,which are not representative of rates applicable to an integrated development.

  13. Residential Property Rates *Real Estate Rates quoted are for independent buildings/complexes, which are not representative of rates applicable to an integrated development.

  14. Why Vadodara STRENGTHS DRIVERS LINKAGES • Agro markets • Research & Training • Educational centers • Urban Infra • Transport • Infrastructure dev • Industrial parks, SEZ • for chemicals, Biotech. • Agro products • Medical Tourism hub • Educational hub • Affordable Real Estate • Rich Cultural heritage

  15. Driving factors • Presence of a number of • MNCs • large industrial house • ancillaries • Skilled human resource • Good domestic connectivity and international connectivity through Ahmedabad • Low cost Real Estate & Economical living conditions • Government Policies & Incentives • Special Economic Zones encouraged by Government of Gujarat with faster clearances & incentives • Special node/ zone created by VUDA to encourage industry with incentives on FSI/FAR, height of the building, ground coverage, etc.

  16. Thank You.

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