Bangalore’s Bagmane Tech Park: Profile, Encroachment, and Demolition Drive
Introduction Bangalore’s Bagmane Tech Park
Bangalore’s Bagmane Tech Park is a well-known software technical park in Bangalore’s C V Raman Nagar neighbourhood that is built and operated by the Bagmane Group. The Bagmane Group’s initial initiative was introduced in 1998. The computer giant has built numerous high-end workplaces throughout the city, all of which are renowned for their cutting-edge designs and comprehensive amenities.
Ten buildings in the tech park house the offices of well-known businesses like Boeing India Pvt. Ltd., HSBC, Alstom Transport, Dell, Oracle, and Motorola. It also contains a mall and a lake close to the entrance. The tech park is one of the most sought-after business locations in the city and is furnished with necessities including lifts, CCTV cameras, a power backup system, and reserved parking.
Bagmane Tech Park, which is 6 km from HAL Airport, is bordered by the DRDO (Defence Research and Development Organisation) and the HAL (Hindustan Aeronautics Limited) Aerospace Company. It is close to the established residential districts of East Bangalore and has good access to the city’s key locations via local and metro trains, as well as roadways.
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Issue With Encroachment In Bagmane Tech Park
Bagmane Tech Park is now being investigated by the BBMP for encroaching on a stormwater drain that caused significant flooding in some areas of Bangalore during the first week of September 2022. Although the tech park acknowledged infringing on a stormwater drain, it claimed that Purva Parkridge’s builder was accountable for the same. The residential complex Purva Parkridge was constructed by renowned real estate developer Puravankara Ltd.
Bagmane Tech Park was determined to have encroached on the stormwater drain by 2.4 metres.
A survey of Puravankara Purva Parkridge revealed that two of the 149 villas on the site have encroached by 2.5 metres on the stormwater drains. To validate this, the property underwent two surveys.
The verdict of the court will determine the next step. According to reports, hundreds of Bangalore’s high-profile builders have illegally encroached on and plugged stormwater drains, causing the city to flood severely.
Demolition In Bagmane Park
Bangalore’s municipal organisation, BBMP, has begun a demolition operation as a result of the severe waterlogging in the city. Buildings on the stormwater drain are being demolished by the local authority in order to prevent major flooding in the future. As a result, the Karnataka Lokayukta has advised the BBMP and Bagmane Tech Park to work together.
The tech park asked the Karnataka Lokayukta to request that the demolition drive be stopped on its property, but the Lokayukta declined. However, it has urged local government representatives to follow legal procedures before beginning any destruction. According to the BBMP, the demolition work will proceed in accordance with the High Court’s directive.
The developer of Bagmane Tech Park destroyed its concrete slabs on Tuesday, September 22, 2022. The drainage drain that cut through the campus was covered by slabs that stretched 80 metres, according to the BBMP (Bruhat Bengaluru Mahanagara Palike). According to a BBMP employee in charge of the Mahadevapura zone’s SWD encroachments, the tech park removed the slabs blocking the drain to allow the correct water flow.
The developer willingly made arrangements for encroachment clearance, the BBMP officer added. As soon as the fresh survey confirmed the encroachments, the developer made this choice. The high court received survey information from the BBMP.
The BBMP’s effort to eradicate encroachments included Bagmane Tech Park. Wipro, RMZ EcoSpace, Prestige Group (Borewell Road), TCED Apartment (Approach Road), Epsilon (Yemlur), Gopalan International School, DivyaSree 77 East, and Nalapad Academy were just a few of the upscale properties featured in the survey.
Bagmane Tech Park Quck Facts
| Facts | Details |
| Name | Bagmane Tech Park |
| Location | CV Raman Nagar |
| Opening Year | 1998 |
| Total Build Up Area | 5 Million Sq .Ft |
| Campus Area | 42 Acers |
| No Of Buildings | 10 |
| Amenities | Lift, power backup, security, reserved parking, CCTV camera
|
Companies In Bagmane Tech Park
Bagmane Tech Park houses many important companies, including:
- Alstom Transport
- Boeing India Pvt. Ltd.
- Oracle
- Texas Instruments
- Dell
- Nike
- PwC
- Microfocus
- Grant Thornton, India
- Cisco
- Informatica
- Hotstar
- Volvo
- Cypress
- Sap Concur
- HSBC
- Motorola
- Juniper Networks
- TecnoTree
- Hewlett-Packard Enterprise
- Sapient Corporation
- Cognizant Technology Solutions
- CME Group
- CommVault Systems
Bangalore’s Bagmane Tech Park Real Estate Prices
There are several homes in the region that are for sale or rent. In C V Raman Nagar, about 27% of available houses cost between INR 40 and INR 60 lakhs, and about 18% of properties cost between INR 60 and INR 80 lakhs.
On the other hand, between 10% and 15% of the properties in C. V. Raman Nagar rent for this amount each month. A monthly rental of between INR 15K and INR 20K is available for about 17% of the units in this area.
Over time, the cost of real estate in C. V. Raman Nagar has gone up. Property prices range from INR 3900 to INR 6500 per square foot, while rent ranges from INR 13 to INR 20 per square foot. Properties in C. V. Raman Nagar are very well-liked among purchasers and renters because of the excellent infrastructure and high standard of living there.
Locality: Bagmane Tech Park, C. V. Raman Nagar
C V Raman Nagar is a developed and well-liked neighbourhood in Bengaluru that is situated in the city’s eastern region. It has a mix of ongoing and finished projects, including industrial units and residential communities. The neighbourhood is one of the most sought-after areas in Bangalore because of its close proximity to Bagmane Tech Park, HAL, DRDO, and other significant IT Parks and organisations.
Indiranagar, Kaggadasapura, and Baiyappanahalli form the boundaries of C V Raman Nagar, while popular residential areas like Byrasandra Extension, Cauveri Colony, DRDO Phase 1 Township, and B.C. Gundappa Layout are nearby. There are numerous 2, 3, and 4 BHK ready-to-move residences in the region, along with various-sized plots, villas, and penthouses. The residential properties in and around C. V. Raman Nagar are in great demand because it is a well-liked neighbourhood in the city. Sys Sherwood Apartments, Purva 270 Degrees, Assetz 38 & Banyan, and Vivek Paradise are a few notable projects in the area.
Infrastructure In C. V. Raman Nagar
The neighbourhood has a strong physical infrastructure and is well connected to other areas of Bangalore by a system of highways and railroads. Among the closest bus stops are DRDO Township Bus Stop and C V Raman Nagar Bus Station. For rapid and affordable metro transportation, the neighbourhood is connected by the Baiyappanahalli Metro Station (3 km) on Bangalore Metro’s Purple Line. The closest train stations are Baiyyappanahalli Train Station (3 km) and Krishnarajapuram Railway Station (5 km), whereas Kempegowda International Airport is located 39 km from C V Raman Nagar. The region has strong drainage, power, and telecommunications infrastructure as well.
Social Infrastructure In C.V. Raman Nagar
The area has a robust social infrastructure, with numerous hospitals, schools, and retail establishments nearby. Orchids Among the various educational institutions in this area are The International School, Narayana PU/CBSE College, and SCT College of Education. Abhayahasta Multispecialty Hospital, Motherhood Hospital, and Sir C.V. Raman General Hospital are just a few of the top medical facilities in and near C.V. Raman Nagar. Gopalan Signature Mall, Gopalan Grand Mall, DRSO Phase 1 Shopping Complex, and Lifestyle Stores are a few well-liked shopping destinations close to home. Atal Bihari Vajpayee Park, Kuvempu Park, Visvesvaraya Park, Shiva Bhuvaneshwari Temple, and Shree Veera Anjaneya Swami Temple are just a few of the parks and temples in the area.
Bagmane Tech Park Bangalore Images
Address For Bagmane Tech Park
Office location: Lakeview, 8th Floor, Bagmane Developers Pvt. Ltd.
Bangalore, Karnataka, 560 093: Bagmane Tech Park, C V Raman Nagar
Bagmane Tech Park Bangalore’s Conclusion
In Bangalore’s C. V. Raman Nagar, Bagmane Tech Park is a significant commercial park. The residential areas next to the tech park are quite popular with both home buyers and renters because they are in a well-liked part of the city. Taxis, buses, metro trains, and local trains serve the transportation needs of both locals and visitors in the neighbourhood, which also benefits from good road and rail connectivity.
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