Out of 24 bidders only Ambani Brothers were chosen for elite venture of the development of 10,000 acres Knowledge City involving a huge investment of Rs. 50,000 Crores. Silicon City will be providing the demanding needs of the IT industry’s growth in Karnataka and one more land developers for the ventures were from international comprising players from Europe, Asia and from Dubai. This venture is coming up in Bidadi located 25 km from the city limits of the Garden City and the housing needs of IT Company’s is gun firing day by day. For that the proposals were taken up to develop such township meeting the housing requirements that is expected to grow by 30% in the next decades.
M N Vidhyashankar Secretary – IT, Biotechnology and Science & Technology, Karnataka Govt. speaking to the www.propertykhazana.com said that, “The venture will be including township, featuring commercial spaces, housing colonies, hospitals, shopping malls, schools and a collection of other needed amenities.” Ambani Brothers are getting the property to develop by April this year and the work in the first phase is estimated to be performed during the 2nd half of the year. It will take around 18 months for the initial phase of the planned township to get finished. Silicon City will have a good connection with the forthcoming Bangalore International Airport by a 8 lane highway, when completed will link the airport and the Silicon City within 30 minutes drive.
Source: NIMMA BENGALURU
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