Showing posts with label bangalore. Show all posts
Showing posts with label bangalore. Show all posts

Thursday, February 28, 2008

New Bangalore airport exposes India's infrastructure challenge


In southern India the much-awaited Bangalore international airport is almost ready, but getting there could prove a nightmare for travellers facing more chaos on clogged roads.

The 630-million-dollar facility is 95 percent complete, and will open for flights as scheduled on March 30, Bangalore International Airport Ltd. (BIAL) chief executive officer Albert Brunner said.

Brunner has met his deadline to complete the airport, located 36 kilometres (22.5 miles) north of the choked city centre, in three years.

That feat alone is remarkable in a country where such large infrastructure projects routinely run into major delays.

But the government has not delivered on promises to widen access roads or build a dedicated rail link to and from the city -- meaning the commute could take much longer than a short-haul flight.

The railway is still only a proposal on paper, while a four-kilometre road from the nearest highway to the airport is still to be completed. The airport itself has taken over construction of the link in a bid to open it on time.

"It's a pity the government didn't do anything about connectivity to the airport," lamented Marcel Hungerbuehler, chief operations officer at BIAL, a consortium that includes Unique Zurich Airport, Siemens of Germany and Larsen and Toubro of India.

The Bangalore project well illustrates the problems India faces in fixing its creaky infrastructure to match an economy expanding at an annual rate of nine percent.

Growing personal incomes have fuelled a surge in air traffic and car sales, straining aviation and road infrastructure in a country that needs to invest tens of billions of dollars in public works.

Domestic air traffic is forecast to double to 60 million passengers by 2010 from last year, while car sales are projected to reach two million units from 1.4 million in the same period.

"BIAL has done its job," said Kapil Kaul, the India head of the Centre for Asia-Pacific Civil Aviation.

"The other stakeholders, mainly the state government, have almost totally ignored their responsibility of providing logistics.

"I find it shocking that an airport is ready, but there may be no way of getting there."

From Electronic City in south Bangalore -- the hub of India's information technology industry -- it could take a four-hour drive to reach the airport when it opens.

Flying time to the nearby southern city of Chennai is just 40 minutes.

"It will be a nightmare driving to the airport," said N. Reghuraj, the head of the local chapter of the Confederation of Indian Industry, who flies out of Bangalore's old airport twice a week.

"The passengers are not happy, the cargo guys are not happy."

India's traffic problem is particularly acute in Bangalore, and seemingly set to worsen. The city of six million people adds 1,000 vehicles to the roads a day and traffic crawls at an average speed of 13 kilometres an hour.

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Saturday, December 8, 2007

Bangalore attractive for real estate


Bangalore continues to be an attractive market for real estate, with growth rates being maintained at 20 per cent, according to Balkrishna Hegde, President Karnataka Ownership Apartments Association.

"The real estate market in India and especially Bangalore is on a high. The market has seen some stabilisation in the past seven to eight months," he said while announcing the city Realty Expo 2007, to be held in the city on December 8-9.

"Today the market has matured, with compositions being skewed towards actual users, rather than investors in the earlier years. This, along with interest shown by NRIs and reduction in loan rates, is showing a positive movement in the market during the last few months," he said.

Karnataka's growth in software exports and the creation of jobs is leading to increase in demand for housing and this increase is poised to fuel the growth in real estate market in future, said Hegde.

The cosmopolitan outlook of the city, coupled with weather advantage and huge talent pool, is what is holding it in good state, he added.

On the potential growth in budget/mid-segment and high end luxury segments, he said there is huge potential yet to be tapped. As far as mid Rs 35-50 lakh segment is concerned there should be more than 50,000 units in the next one year.

The high-end bracket in India is the fastest growing segment as compared to anywhere in the world and therefore the demand for this segment will be on the rise in the coming days, he said.

(via Economic Times.)