According to the sources available with www.propertykhazana.com, by beginning the bid to draw the attention of purchasers for 408 acres of surplus property kept for the development of forthcoming international airport in Devanahalli, the Karnataka Govt. has also owed 53 acres from the surplus property for the Govt. departments and offices. Sites will be developed by the Karnataka State Industrial Investment and Development Corporation (KSIIDC) and Customs Department, MSIL and BMTC will set up for the commercial sites here in Devanahalli. Left over 355 acres will be sold out in lots in the coming year and the development of the 53 acres will stay in movement along with the enduring work on the green filed airport, which is planned to launch in April 2008.
The victorious bidders at the sale must have to obey with the Airport Authority of India (AAI) rules to start the development of property. Further the available source with the www.properrtykhazana.com says that the KSIIDC has given about 27 acres to Karnataka State Tourism Development Corporation (KSTDC) to build a conference hall, hotel and for other constructions. Before, it was chosen to place a sub committee to look over the development of the 408 acres of surplus property and 408 acres was the part of around 2,000 acres purchased primarily for developing the airport.
Source: NIMMA BENGALURU
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