45 global investors eye Bidadi township

45 global investors eye Bidadi township
Deccan Herald

At a preliminary meeting of investors and developers from India and abroad, convened by the Bangalore Metropolitan Region Development Authority (BMRDA), the first question posed by potential investors to the chief minister was: “Is there a risk of the project getting delayed due to land acquisition hassles?”

Chief Minister H D Kumaraswamy on Monday announced that a global tender would be floated for the Bidadi Integrated Township Project within two months.

At a preliminary meeting of investors and developers from India and abroad, convened by the Bangalore Metropolitan Region Development Authority (BMRDA), the first question posed by potential investors to the chief minister was: “Is there a risk of the project getting delayed due to land acquisition hassles?”

“The Bidadi township is the first project among the five satellite towns proposed for development over the next five years. I guarantee you that land acquisition will not be a problem, especially because the project site falls in my constituency (Ramanagara). However, I am keen that farmers (land losers) be given good compensation – at market price – for their lands,” said Mr Kumaraswamy.


BMRDA Commissioner Sudhir Krishna and Additional Chief Secretary A K Agrawal, discussed the approach and scope of the project through a presentation. The meeting was attended by as many as 45 leading investors, including those from Singapore, Malaysia, Holland, Netherlands and the UAE.

Flagship project

“It will be the flagship project of the Karnataka government. The idea is to develop an integrated township that not only creates housing, but integrates economic activity as well. It should help reduce pressure on Bangalore City. We want to reduce the bid time as we have set a deadline of two years for the basic layout and five years for completion,” said Mr Sudhir Krishna.

“We will ensure transparency in the selection of private sector developer. There are two stages – pre-qualification stage and bidding. The last date to submit pre-qualification application is November 30. The bidding will be through by end of December.

Briefing reporters after the meeting, Chief Minister Kumaraswamy said: “The BMRDA has earmarked more than 9,000 acres for the proposed township at Bidadi. The other four proposed townships at Solur, Ramanagara, Sathnur and Nandagudi will be implemented simultaneously.”

THE BLUEPRINT

Land earmarked: 6,959 acres (private), 2,725 acres (govt)

Villages in proposed area: Byramangala, Bannigiri,

Hosur, K G Gollarapalya, Kanchugaranahalli, Kanchugaranahalli Kaval, Aralalasandra and Kempayyanapalya.

Project site (distance): Bangalore city (35 km),

State Highway(3 km), National Highway (15 km),

Bidadi Rly station (9 km) and New airport (45 km)

Indicative land use: Industrial (25%), Residential (25%), park and open spaces (15%), civic amenities’ space (10%) and other utilities (25%)