The Bangalore Metropolitan Region Development Authority (BMRDA) has issued a notification calling the Request for Qualification (RFQ) from investors. August 30 is the last date for submitting the RFQ document which will be opened on August 31.
The township, planned to be positioned as New Bangalore, is proposed to come up on 9,178 acre in Bidadi, Ramanagar district, on the outskirts of Bangalore (31 km from Bangalore city) at an estimated investment of up to Rs 60,000 crore under PPP model. The purpose is to de-congest Bangalore Metropolitan Area (BBMP and BDA area). The township is based on the ‘work-live-play’ concept integrating select economic activities in manufacturing, service and business categories.
The ambitious project was initially awarded to the Delhi-based real estate major DLF during H D Kumaraswamy tenure as the chief minister in 2007.
The DLF had tied up with Dubai-based developer, Limitless, to implement the project. It, however, could not make any headway due to political instability in the State and subsequent global economic meltdown. The project developer, as a result, backed out of the deal.
“The DLF withdrew from the project due to economic slowdown. Now the economy is on a recovery mode and so we have decided to re-tender it. We thought the GIM will be the ideal time for it,” said V P Baligar, Principal Secretary to Commerce and Industries Department.
He also said many companies, including some from Dubai, have already shown interest in the project. But he did not disclose the names of those companies.
The BMRDA distributed brochures to the delegates participating in a seminar on infrastructure at the GIM to advertise the project.
Accordingly, the developer will be responsible for infrastructure development, constructions, marketing, operation and maintenance of the township.
The project area covers 10 villages of Byramangala, Bannigiri, Hosur, K G Gollarapalya, Kanchugaranahalli, Kanchugaranahalli Kaval, Aralalasandra, Kempayyanapalya, Mandalahalli and Vaderahalli. Of total 9,178 acre identified for the project, 6,336.33 acre is private land and 2,198.21 acre is Government land.
The BMRDA has promised to provide single window service in securing necessary approvals for the developer to implement the project.
DH News Service
Highlights
* Planned as New Bangalore at Bidadi, 31 km from B’lore
* Spread across 9,178 acre with an investment of Rs 60,000 cr
* Based on ‘work-live-play’ concept
* Dubai-based firms keen to invest