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Old Posted Oct 9, 2007, 7:57 AM
venadu_king venadu_king is offline
Join Date: Oct 2007
Posts: 38
Bidadi all set for a boom

BANGALORE: Swanky high-rises, roads of international standards, sprawling residential enclaves, shopping arcades, club houses, golf course, lush green lung spaces, clean water bodies ... this might turn out to be one of the largest integrated townships proposed in Karnataka.

The Bidadi Knowledge City is taking shape with the government awarding the project to construction major Delhi-based DLF company. Spread over 9,000 acres, conceived at a cost of Rs 23,000 crore, the project envisages a work-live-play concept.
The township will include an urban centre, town centre, office space, non-polluting industries and village centre on the banks of Byramangala Reservoir spreading all the way up to Bangalore-Mysore Highway.

While the total area identified for the project is 9,175 acres, the net developable area will be 8,335 acres.

According to the detailed project plan submitted by the developer, the core area will have massive glass facade office, high-rises with scenic Byramangala reservoir in the background. After the core area follows commercial development, then residential and finally village centres. KIADB, which will acquire the land, will get Rs 57 lakh as development charge per acre. A 60:40 ratio sharing is worked out as compensation to land losers. For every acre acquired, the landowner stands to gain 8,300 sqft of developed land inside the township.
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