Overview : Key IT Corridors In India & The Most Expensive IT Hubs

Key IT Corridors In India: Learn about India’s main IT clusters. Residential property demand is being fueled by India’s growing IT hub population, particularly in Tier 1 cities. Property prices have been rising steadily across all locations, which is a sign of growth.

India is presently regarded as one of the world’s top IT locations. One of the first nations to gain from the early 1990s trend of IT outsourcing was this one. The IT sector is expected to generate 227 billion in sales in FY 2022. Additionally, it is transitioning from low-end outsourcing procedures to high-end analytical roles. Therefore, this is a good moment to examine several important IT corridors that have come to represent our sector.


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Important IT Hubs in India

The main metropolises of India, some of which are quickly becoming into major worldwide IT centres, are included below along with the country’s major IT hubs.

 

Key IT Corridors In India: Bangalore is the country’s top IT hub.

Bangalore, often known as Bengaluru, is one of the preeminent Indian IT centres. Bangalore has Whitefield and the Outer Ring Road (ORR) corridor. Due to its excellent road infrastructure, established residential catchments nearby, and cutting-edge infrastructure, such as a signal-free corridor, ORR is one of the most costly and significant IT clusters in India.

Given its length, the ORR territory is divided into three distinct regions. The ORR North region close to Hebbal comes first. Next is ORR East, which includes Marathahalli and the vicinity of KR Puram. The third is ORR South, a neighbourhood close to Marathahalli-Hosur Road. One of the priciest regions is the ORR North Hebbal neighbourhood, where prices per square foot vary from Rs 6,400 to Rs 10,500.

Electronic City Tech Park, Brigade Tech Park, Embassy Tech Park, Bagmane Tech Park, International Tech Park, Global Village Tech Park, RMZ Infinity, Manyata Embassy Business Park, Mind Comp Tech Park, Kirloskar Business Park, and others are a few of Bangalore’s well-known IT centres in India. Other than the ORR, the following locations have become more well-known as a result of Bangalore’s presence of IT hubs:

 

Locality Near IT Park  Avg Price Per Square.feet for Sale 
Electronic City Phase 1 Rs 3,400 – Rs 5,800
Electronic City Phase 2 Rs 3,200 – Rs 6,300
Whitefield Rs 4,600 – Rs 8,000
C V Raman Nagar Rs 4,100 – Rs 7,000
Old Madras Road Rs 4,200 – Rs 7,000
Bellary Road Rs 4,800 – Rs 8,300
Thanisandra Rs. 4,600 – Rs 7,500

 

 

Key IT Corridors In India: Delhi NCR: IT Hubs Showing Consistent Growth

Another significant Indian IT hotspot is the Delhi NCR area. Gurgaon is home to some of the most well-known IT centres, including Cyber City and Sohna Road. Among the parks in Noida are IHDP Business Park, DLF IT Park, and Software Technology Parks in India. There are several IT companies in both Noida and Gurgaon. The most costly market, where rents are rising, is DLF Cyber City.

DLF Cyber City, Unitech Cyber Park, Ascendas OneHub Gurgaon, Global Business Park, DLF IT Park – Noida, Software Technology Parks of India, Logix Infotech Park, and IHDP Business Park are a few of the significant IT hubs in India in the Delhi NCR area.

 

 

Locality Near IT Park  Avg Price for Sale in per  sq.ft
Dwarka, Delhi Rs 6,500 – Rs 10,400
Vasant Kunj, New Delhi Rs 8,600 – Rs 13,500
Saket, New Delhi Rs 12,800 – Rs 19,200
Lajpat Nagar, New Delhi Rs 10,600 – Rs 17,400
DLF City Phase 1, Gurgaon Rs 12,800 – Rs 20,200
DLF City Phase 2, Gurgaon Rs 13,200 – Rs 21,700
Sushant Lok 1, Gurgaon Rs 11,600 – Rs 18,700
Golf Course Road, Gurgaon Rs 12,100 – Rs 20,900
Noida Greater Noida Expressway, Noida Rs 5,500 – Rs 9,400
Sector 29, Noida Rs 5,200 – Rs 8,400
Sector 143, Noida Rs 4,100 – Rs 6,500
Sector 76, Noida Rs 4,800 – Rs 6,200

 

 

Mumbai – Home to India’s Most Expensive IT Hubs

One of the priciest IT hotspots in India is the western suburban corridor of Mumbai. The opening of the metro line has also improved connectivity in this corridor, which has led to a sharp increase in rentals of over 10-12% annually. Thane and Navi Mumbai are two other IT corridors, with patchy supply across the Eastern Suburbs.

Among the important Indian IT centres in the Mumbai area are Premier IT Park, Hiranandani Business Park, BSEL Technology — Navi Mumbai, Equinox Business Park, Technopolis Knowledge Park, Fourth Dimension, Spectrum, Raheja Plaza, and Ivory Towers. The following locations and regions have become more well-known as a result of the existence of IT hubs:

 

Localities Near IT Park Average Sale Price in per sq.ft
Andheri Rs 14,100 – Rs 24,700
Andheri West Rs 18,500 – Rs 29,400
Malad Rs 9,700 – Rs 16,500
Goregaon East Rs 11,400 – Rs 19,000
Goregaon West Rs 14,400 – Rs 23,300
Vashi, Navi Mumbai Rs 11,300 – Rs 19,400
Kurla West, Mumbai Rs 12,200- Rs 19,900

 

Hyderabad: India’s Upcoming IT Hub

Hyderabad, which is home to some of India’s most well-known IT centres, is the country’s second major IT destination after Bengaluru. Due to its strong ecology, high-quality Grade-A office spaces, spacious floor plans, and presence of a blend of Non-IT, STPI, and SEZ spaces, Hitech City is Hyderabad’s most costly IT centre and has remained the most sought-after site for IT/ ITeS enterprises.

Numerous renewals as well as low vacancy rates have been seen because to the poor supply and high demand. Gachibowli, Nanakramguda, and Raidurg are three other important IT corridors for Hyderabad.

Raheja Mindspace, IT Park, Cyber Pearl, DLF IT SEZ, Avance Business Hub, The’V’IT Park, CyberTowers, Kohinoor IT Park, WaveRock SEZ, Laxmi CyberCity, RMZ Futura IT Park, and Hardware Park are a few of Hyderabad’s main IT centres. The following residential areas are growing in prominence near these IT parks:

 

 

 

Localities Near IT Park Average Sale Price in per sq.ft
Hitech City Rs 6,900 – Rs 11,000
Gachibowli Rs 7,000 – Rs 10,300
Madhapur Rs 5,400 – Rs 9,600
Banjara Hills Rs 9,600 – Rs 17,000
Nanakramguda Rs 6,700 – Rs 10,800
Uppal Rs 4,500 – Rs 7,600
Whitefields Rs 6,100 – Rs 11,000
Jubilee Hills Rs 11,600 – Rs 20,500
Kukatpally Rs 5,200 – Rs 9,100

 

 

 

Key IT Corridors In India: India’s Future IT Hub: Kolkata

The “city of pleasure” is now a part of India’s network of IT clusters. Sector 5’s neighbourhoods in Salt Lake City are among the best places to live. One of the city’s first constructed IT corridors, it is home to various Indian and MNC IT enterprises in Grade A & B buildings.

Office buildings with medium to large floor plates may be found along this route, which is near to the central business districts. These elements, in addition to the availability of high-quality Grade A office space, lead to a high level of demand from office tenants. Kolkata also has an IT corridor called Rajarhat New Town.

DLF IT Park – Kolkata, Infinity Infotech Parks Limited, Millennium City IT Park – Salt Lake, and DLF IT Park 2, Rajaharat are a few of the important Indian IT hubs located in Kolkata city. The following residential neighbourhoods are becoming more popular and in demand as a result of their closeness to these IT parks:

 

Localities Near IT Park Average Sale Price in per sq.ft
Salt Lake City Rs 6,000 – Rs 9,900
Salt Lake City Sector 5 Rs 6,300 – Rs 10,600
New Town Rs 3,900 – Rs 6,600
Action Area 1 Rs 4,500 – Rs 6,700
Action Area 2 Rs 4,200 – Rs 7,300
Action Area 3 Rs 4,000 – Rs 6,600
Rajarhat Rs 3,500 – Rs 6,100
E M Bypass Rs 5,700 – Rs 9,700

 

 

Key IT Corridors In India: Chennai: India’s Promising IT Hub

There are various IT clusters in Chennai. The IT sector has the most traction at the OMR pre-toll location. Grade A buildings with convenient access to the city centre make up this IT corridor. Being close to a strong social infrastructure also contributes to its continued popularity as a site for big MNC companies.

DLF Cyber City – Manapakkam, Embassy Splendid Techzone, TIDEL IT park, Gateway Office Parks, Ramanujan IT City – TRIL, Raheja Commerzone, RMZ Millenia – Perungudi, Brigade WTC World Trade Centre, Kosmo One – Ambattur, and Pacifica Tech Park – Navalur are a few of the important Indian IT hubs in the city of Chennai.

The following residential neighbourhoods are becoming more popular and in demand as a result of their closeness to these IT parks:

 

Localities Near IT Park Average Sale Price in per sq.ft
Adyar Rs 12,300 – Rs 21,500
Besant Nagar Rs 2,200 – Rs 18,100
Manapakkam Rs 5,400 – Rs 7,600
Thoraipakkam Rs 5,200 – Rs 8,000
Navalur Rs 3,900 – Rs 6,100
Porur Rs 4,600- Rs 7,300
Ambattur Rs 4,100 – Rs 6,600
Perungalathur Rs 4,000- Rs 6,800
Pallavaram Rs 4,300- Rs 7,300
Perungudi Rs 5,800 – Rs 8,700

 

 

Key IT Corridors In India: Pune: India’s Up-and-Coming IT Hub

Pune City is one of India’s main IT centres and has a significant presence. The most costly IT corridor in the city is Kharadi-Hadapsar. Excellent connection and close proximity to social infrastructure have been this corridor’s main motivators, solidifying it as a top destination.

Rent rise in this area is being driven by a strong demand trend. In addition, Hinjewadi has been a popular IT location because to government initiatives to foster campus growth and its comparatively reasonable rates.

Rajiv Gandhi Infotech Park, EON Free Zone IT Park, Pune IT Park, Cyber City IT Park, Cerebrum IT Park, SP Infocity IT Park, World Trade Center – Pune, Weikfield IT Citi Info Park, Talawade IT Park, Giga Space Tech Park, and ICC Tech Park are just a few of the significant Indian IT hubs in the Pune area. The following residential neighbourhoods are becoming more popular and in demand as a result of their closeness to these IT parks:

 

Localities Near IT Park Average Sale Price in per sq.ft
Viman Nagar Rs 7,400 – Rs 11,300
Shivaji Nagar Rs 11,600 – Rs 18,200
Pimpri Chinchwad Rs 4,600 – Rs 7,700
Aundh Rs 7,400 – Rs 12,200
Kharadi Rs 5,300 – Rs 9,000
Hadapsar Rs 4,100 – Rs 7,200
Hinjewadi Rs 4,100 – Rs 6,900
Wakad Hinjewadi Rs 5,200 – Rs 8,000
Kalyani Nagar Rs 7,900 – Rs 13,800

 

Final Thoughts on India’s Major IT Hubs

The main factor influencing the growth of India’s IT centres has been the quantity of talent in big cities. IT occupiers place equal attention on the availability of high-quality real estate and support infrastructure. However, in the upcoming years, IT occupiers will also find some Tier 2 and Tier 3 cities’ talent and infrastructure to be appealing. They will be further motivated by the reasonable real estate prices in such cities. The aforementioned page provides a list of the country’s main IT centres as well as a suggestion of some of the nearby areas that are in high demand. However, there are a number of new areas close to the ones described above that are progressively growing.

 

 

 


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