Due to exorbitant property rates and unavailability of small office spaces, the virtual office concept has been emerging and gaining popularity in the city.

Many national and international companies are setting up their virtual offices here where customers will get all kind of services to run their business.

A Virtual Office is ideal for:

• People who often travel and therefore do not have the need for physical office space
• Individuals that work from home but require a city identity
• New business start-ups who wish to test a new market and cannot yet justify the cost of setting up a permanent office.
• Having a requirement to hold meetings in the city but no requirement for a full time office
• Those who require an office identity but do not have the budget for a physical office

Some of the Companies who provide Virtual offices in Bangalore

Regus - www.regus.co.in

NEWBRIDGE Business Centres -  http://www.newbridgeoffices.com

GoldenSquare – www.goldensquare.in

Stylus Serviced Offices – www.stylus.in

EVOMA – www.evoma.com/

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To Know Your Account Balance information Dial *130# from your Idea Mobile.Customer Care Number for Idea: 98*** 12345 (Replace *** with your respective mobile number series)

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The board, at its recent meeting, agreed to extend the metro from Yeshwantpur to Hessarghatta Cross and from R.V. Road Junction to Banashankari (Jaragennahalli).

Slated to be taken up in five schedules, BMRCL wants the Byappanahalli-Cricket Stadium (KSCA) segment to be completed first (by March 2010) Yeshwanthpur-Swastik by November 2010, underground section by October 2011, City Railway Station-Mysore Road section by October 2011 and City Market-R.V. Road Junction by December 2011.

The project would comprise two corridors east-west and north-south. The east-west corridor will be 18.1 km in length and will start at Byappanahalli (NGEF Complex) and terminate at Mysore Road. It would cover Indiranagar, CMH Road, Swamy Vivekananda Road, M.G. Road, Ambedkar Road, Post Office Road, K.G. Road, Majestic, KSRTC Bus Stand, Bangalore City Railway Station, Magadi Road, Tool Gate, Chord Road, Vijayanagar, Mysore Road up to Ring Road Junction.

The north-south corridor would start at Yeshwanthpur and terminate at Jayanagar. It would cover Chord Road, Mahakavi Kuvempu Junction, Swastik, Platform Road, KSRTC Bus Stand, Chickpet, City Market, K.R. Road, Vani Vilas Road, Lalbagh, R.V. Road, South End Circle and Jayanagar.

While the main depot-cum-workshop for the east-west corridor is planned at Byappanahalli, for the north-south corridor, the depot is slated to be set up at Yeshwanthpur.

Meanwhile, BMRCL says the commissioning of the Byappanahalli-cricket stadium line would depend on how fast work was taken up on constructing a workshop and depot at the NGEF Grounds.

With the Government just having issued a final notification for acquiring NGEF land, BMRCL now sees no major hitches in completing this section.

The Metro project, with all the reaches, is expected to cost Rs. 6,395 crore.

When completed, the metro would reduce travel time from Byappanahalli to Mysore Road from the current two hours to 30 minutes.

Similarly, the distance from Yeshwanthpur to R.V. Road Junction could be covered in 28 minutes against the present two hours.

On its part, the Government says that it had set out 151 milestones for the successful completion of the project, and of this, 27 milestones have been achieved.

The Government still hopes that the project, despite facing hitches, would become operational by December 2011.

Source: THE HINDU

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The residential tower, called Bangalore 47, is being developed by a consortium comprising Bangalore-based realty marketer Asipac Projects Ltd, project management and architecture design firm Synergy Property Development Services Pvt. Ltd (35% owned by private equity firm Blackstone Group LP) and property developer S.S. Kumar at an estimated cost of Rs559.75 crore. The project will have a built-up area of around 287,000 sq. ft and is expected to be ready by 2011.

Once ready, it will be the tallest residential building in India outside of Mumbai, with a height of 165m, Asipac Projects says. Currently, the tallest building in India, the 100-floor, 450m APIIC Trade Tower, is being constructed by Andhra Pradesh Industrial Infrastructure Corp. Ltd in Hyderabad.

The luxury residential segment in Bangalore is still going strong although a softening real estate market has forced many developers elsewhere in the country to target mainly the mid-price bracket.

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The Hyderabad-based company has also won an order worth Rs 114 crore from the Bangalore Metropolitan Transport Corporation for construction of traffic and transit management corporation in Bangalore. The projected is set to be completed in 24 months.

Besides, Nagarjuna Construction has bagged 108 crore order from Civil Engineering Division of Karnataka State Road Transport Corporation (KSRTC) for developing transport and infrastructure facilities in Mysore and it is scheduled to be completed in 18 months. Shares of the company were trading at Rs 124.25, down 1.25 per cent on BSE in afternoon trade.

Source: Economic Times

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