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IT, SEZ office rentals see correction

IT, SEZ office rentals see correction
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First Published: Tue, Aug 05 2008. 10 33 PM IST
Updated: Tue, Aug 05 2008. 10 33 PM IST
New Delhi: The rentals of information technology (IT) and special economic zone (SEZ) office spaces in Gurgaon and Noida near New Delhi witnessed a correction in April-June with rental values declining 3% and 13%, respectively. The anticipated supply and deferred expansion plans of companies resulted in a decline in rents, according to a study by real estate consultant Cushman and Wakefield.
The quarter witnessed a total supply of 4.3 million sq. ft. in the National Capital Region (NCR), of which 60% was IT specific. The supply was spread across micro-markets with majority of it in Noida (54%) followed by Gurgaon (38%) and Delhi (8%). The average vacancy rate across the NCR was 7%. Noida witnessed the highest vacancy rate of 15%. The office market otherwise is expected to remain firm with rental values rising in the region except for the IT and SEZ segment of Gurgaon and Noida. These locations are likely to witness an estimated supply of 3.3 million sq. ft.
Crowd control system planned for Naina Devi
New Delhi:The Himachal Pradesh government plans to set up a crowd control system at the Naina Devi temple, where a stampede on Sunday had killed 147 people.
Chief minister Prem Kumar Dhumal said the government will implement a system similar to the one at the hilltop Vaishno Devi temple in Jammu. All devotees will be registered before being allowed to proceed in batches of 200, he added. Priyanka P. Narain
Trai opposes usage of inter-circle roaming
New Delhi: The Telecom Regulatory Authority of India, or Trai, has opposed the move by new telecom operators to use inter-circle roaming norms for rolling out mobile phone services, saying it will hurt service quality.
In its letter to the department of telecommunications, the regulator said inter-circle roaming cannot and should not be considered as a substitute or alternative for spread of network envisages under the rollout obligations.
Inter-circle roaming allows mobile phone service companies to share infrastructure to carry voice signals on each others networks, in a mutually agreed area of operation, thus reducing the cost of putting up one’s own networks within a circle or a licensed area. Trai said the facility was permitted for bridging the infrastructure gaps in the network of the service providers and as a temporary measure to ensure that the new telcos roll out their services in a prescribed time frame. R. Jai Krishna
DoT amends ‘security clause’ for phone towers
New Delhi: The department of telecommunications (DoT) has announced amendments in the security conditions on setting up and operating mobile towers along international borders. The amendments are applicable to phone firms having unified access service licence and cellular mobile telephone services.
According to the new conditions, posted on the DoT’s website, service providers will have to ensure that the towers and related machinery are located far away from the border, in a fashion that signals emanating should either fade out when nearing or about to cross the international border.
Earlier, mobile phone towers were allowed to build in what was called the ‘no service zone’, of 500m width along the international border.
In case the operators want to establish mobile phone towers in areas falling within the 10kms of India-Pakistan border and India-China border, the firms should get the prior approval from the army authorities, apart from the DoT. R. Jai Krishna
BSNL employees union to meet minister
New Delhi: Even as Bharat Sanchar Nigam Ltd, or BSNL, is contemplating diluting 10% government stake through a public issue, employee unions said they would decide on the future course of action after meeting communications and information technology minister A. Raja on Wednesday.
“The government and the management are telling us that they want to go for an IPO to raise funds for expansion. But the truth is that Rs30,000 crore is available for expansion and is lying in the banks. The second reason they (BSNL board) are saying is that IPO is necessary for getting ‘Navratna’ status. But Hindustan Aeronautics Ltd is not listed but was given ‘Navratna’ status six months ago. Thus listing is not a condition,” said V.A.N. Namboodiri, general secretary of the BSNL employees union. “We are completely opposed to the move.”
On Monday, ‘PTI’ reported that BSNL proposed to sell 10% government stake through an IPO. R. Jai Krishna
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First Published: Tue, Aug 05 2008. 10 33 PM IST
More Topics: IT | SEZ | Trai | DoT | BSNL |