Bangalore to Welcome Mega Townships Soon

Stepping up efforts to take IT and Karnataka real estate on high, the state government has given a nod to 11 local, national, and international developers to set up mega townships in the city.

The state high level committee has recently approved 59 construction projects worth over Rs 60,000 crore. The committee has also agreed to IT related real estate projects, each involving an investment of around Rs 2,000-3,000 crore. The projects will come up at Sarajpur Road, Whitefield, Magadi, and Bidadi.

Bangalore has become the apple of eye of all project promoters, who are being bullish on to construct self contained integrated townships. The high level committee has sanctioned the projects. A complete list of these companies with project details will be sent to the government for final approval from cabinet.

Of these companies, some have already joined hands with the US and Singapore based companies to develop Townships.

Source: John Parker, the author of many articles regarding India Real Estate Commercial Property in India.Also is a Realestate advisor and is giving assistance to people for indiarealestate and providing information on Real Estate Market in India.

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