Bangalored – Not Anymore? – Real Estate giving jitters – Companies moving out of Bangalore

Bangalored – Not Anymore? – Real Estate giving jitters – Companies moving out of Bangalore

With the real estate prices skyrocketing in the main business centers within Bangalore city limits, the city is set to see companies moving out of Bangalore.

The term Bangalored meant people in other parts of world loosing their jobs to people in Bangalore. However, Are bangalorians set to see terms like Cochined? Hosured? Mysored? Chandigarhed? Or probably Eastern Europed? Or Czeched?

Premise:

Not just the living cost but the costs have gone up in all respects in Bangalore. Whether it is salaries, cost of living, daily groceries, house rents, office space rents, taxes and expectations…almost everything has gone sky looking.

So if you were a 50 – 150 employee organization running in a busy business centre or a focal business area in Bangalore, you would be paying anywhere between, Rs. 70 – 150 / Sq ft of office space cost. With these things in mind, we are talking about almost a 100% increase in rents since past 3 years. Resulting in increased operating costs and decreased margins. Eventually cuts in company expenditures leading to options like either looking for a cheaper space outside Bangalore or doing employee cut.

Considering most of the companies face a 10-20% attrition rate and they would want to keep the hiring and training costs low, employee layoff is the most risky proposition. So companies are looking out for various ways to cut their op-ex.

Reasons:

If you were thinking organized retail is the best thing which is happening to Bangalore with over 20 shopping centers and retail malls opening within past 3 years, Bangalore is getting modernized and seeking high paced positive growth.

Here is a realty check. Considering the revenue a retail shopping mall / food complex is going to make on a monthly basis would be much higher as compared to any company paying as a rent. The malls, retail chains and similar sorts are ready to shell out almost 200% more than what the regular companies / young entrepreneurs can give as rents. So obviously the land lords would want more moolah and boom, the deals get signed with the highest bidding retailers.

Large office spaces like Whitefield/ITPL/Electronic City are anyways facing issues of long traveling hours for employees, unsatisfied employees, increased travel costs, higher stress levels, increased residential real estate prices putting pressures of increased salaries, higher expectations and more…Companies like Wipro, infosys and many more are even adopting policies like allowing employees to work from home, stay in their home cities and moving their bases to 2nd rung cities already.

Bangalore not an entrepreneurial heaven any more.

Not just retail, companies are these days being pushed to revise the rent agreements signed long back. This again, is giving jitters to companies working for long in same places. The entrepreneurs are seeking it difficult to get a reasonable office space at a cost that they can afford and which is aborting a lot of ventures which could have burgeoned into tomorrow’s infosys’.

What’s Government doing?

After year’s of resistance and so many court cases, Delhi government decided to shut down commercial establishments in residential areas. This lead to shops moving into malls and shopping centres authorized for the same. In turn led to people moving to move out of expensive places in Central Delhi to Gurgaon, Noida, Faridabad, Ghaziabad and more. The city saw a rental price correction and more organized businesses.

What is Karnataka government thinking? Are they going to keep allowing commercial shopping centers in residential and office areas? Is their any policy to control this? When are they going to wake up? Is their going to be some regulation on the rentals? Or will the government just bother about who is taking the Seat in Assembly?

Strangely while all this is happening, the CM and rest are busy in their new mid term election games. Pathetic situation of city’s infrastructure doesn’t bother them. It is painful when they cut 33% of my salary as a tax and I do not see infrastructure in front of me. And then I see my money is being wasted for an unwanted state elections.

Closing thoughts:

With the distanced attitude of the government, poor infrastructure, no means to control prices. The “Bangalorians” are all set to see job cuts, jobs moving out of Bangalore, consolidation in salary hikes, surrounding cities taking over, or you never know, Bangalore loosing it’s image as silicon valley to a realty stone valley.

Wipro Infotech launches India’s first eco-friendly desktops

Wipro as a Brand has always stood for Integrity and Good Quality. They are one of first and most concerned organizations in India to take up Corporate Social Responsibilities.

With Wipro launching these eco-friendly PCs, they have proved it yet again that they are socially responsible for making our environent better.
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Wipro Personal Computing would be free of hazardous materials such as brominated flame retardants (BFR), PVCs and heavy metals

Bangalore: Wipro Infotech, the India, Middle-East and Asia-Pacific IT business unit of Wipro Ltd on 14 june launched its eco-friendly range of desktops, claiming it was the first Indian company to do so.
The new range of products named Wipro GreenWare, which include desktops and laptops, is compliant with RoHS (Restriction of Hazardous substances) directive, thereby reducing substantial e-waste.
“At present, eight products -- five desktops and three notebooks -- are 100% RoHS-compliant. By this year- end, we want to ensure that the entire product range of laptops and desktops is RoHS-compliant,” Ashutosh Vaidya, Vice President, Wipro Personal Computing, told reporters here.
Wipro has set up its e-waste management process called Wipro Green Computing which spans across its product lifecycle, from designing and manufacturing to the final disposal.
Wipro Personal Computing would be free of hazardous materials such as brominated flame retardants (BFR), PVCs and heavy metals like lead, cadmium and mercury that have been regularly used in computer manufacture so far.
“We will choose only RoHS components from our vendors,” Vaidya said.
Welcoming Wipro’s initiative, despite no government legislation on the issue, Greenpeace Toxics Campaigner Ramapati Kumar, who was present on the occasion, hoped this would lead the way in phasing out chemicals like BFRs and PVC.
Greenpeace appealed to electronics industry to design products that are free from hazardous substances.
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Green is the way to go, and we have Way to Go!

College days part 1

College Days....I did my engineering staying away from home for 4 yrs (not continuous, as in, use to frequent home) and had a GR 8 time in college…
Again I had an 8 guys group @ college and we used to go to various colleges all over India to attend the various Cultural and Technical fests…
I’ve been to BITS Pilani, IIT Delhi, NSIT Delhi, DCE Delhi, REC Jalandher, Thapar Patiala, PEC Chandigarh, Mohali, and Panipat…..and the list goes on
We were a mast group with guys who were best @Dance,music,quizzing,debating,JAM,skits,plays,singing,dancing,presentations,Literary events, marketing events…etc etc
We won a lotta event and used to collect a lotta certificates…J
Had a tremendous fun @collig…I was into Hosting, Organizing etc for various events…and even I organized Blood Donation camp in our collig…I was a regular Blood Donor so it struck me that I can organize the whole event…And even in Wipro I have consistently month after month won some prizes in extra curricular and hosted some events @Wipro Technologies level..!!!
In college I used to be a bit short tempered however from the time I have joined this job I have mellowed down. I have become very patient, I listen to others very meticulously and that has actually made me a mature and sensitive person. Now I don’t react to situations rather I respond to situations!
However sometimes if some1 really gets on my nerves then there r 2 options…either I’ll blast him/her or won’t talk to them ever!
Now don’t get scared…generally it doesn’t happen and I most of the time forgive people!!!