Aug 26, 2006
5,000-acre knowledge city to be built in State
27-OCT-06Bangalore: Seeking to give a major boost to the information and biotechnology sectors, the State Government has decided to build a 5,000-acre knowledge city between Bangalore and Mysore and also a bio-IT park.
"Mysore city is also fast emerging as an IT hub. It would, therefore, be prudent to set up the knowledge city between Bangalore and Mysore covering over 5,000 acres of land.
The Bangalore Metropolitan Region Development Authority (BMRDA) would soon come out with details of this," he said.
Mr. Kumaraswamy had also said his intention was to use the services of Mr. Narayana Murthy so that his Government could be suitably advised about addressing issues of the IT sector.
Karnataka govt to build 9000-acre knowledge city near B'lore
18 Nov, 2006Bangalore, Oct 27 (PTI) The Karnataka Government has decided to build a 9000-acre knowledge city at Bidadi, which is fast emerging as an information technology hub, Chief Minister H D Kumaraswamy said today.
Speaking at the inaugural of Bangalore IT.In 2006, the state-organised annual IT exposition, he said the knowledge city is one of the five sector specific cities to be set up around Bangalore.
'We will take the IT sector in the State to greater heights'
23 February 2007It was reported that you are in the process of identifying IT hubs and corridors. What plans do you have to put things in place?
Bangalore is the largest IT hub and now we would like to concentrate on a hub and spoke model for further IT growth. The BMRDA has plans to come up with five integrated townships around Bangalore. The first such integrated township will be in Bidadi. It is proposed to dedicate this township to the knowledge sector. There are also plans to set up IT Parks in Ramanagaram. Similarly, we would like to see IT growth happening in Hubli-Dharwar and Belgaum regions . Mysore and Mangalore are already on the road to attracting IT investments. In fact, it is noticed that many of the IT projects that are approved in the State Level Clearance Committee are for Mysore.
Mukesh, Anil in race for Bangalore IT project
Apr 20, 2007Ambani brothers, Mukesh and Anil, are the only two Indians of the 24 bidders shortlisted for the Rs 500 billion, 10,000 acre knowledge city being developed specifically to meet the requirements of the IT industry`s growth in Karnataka. The other developers are from across the globe, including players from Dubai, Europe and Asia.
The project is being developed in Bidadi, around 25 km from the city limits of Bangalore. When completed, the township will meet the space requirements of the IT industry in Karnataka for 10 years, growing at 30% a year and will have the capacity to house 750,000 employees.
The project would be an integrated township, which would have office space, residential colonies, hospitals, shopping malls, schools and all the required amenities.
24 corporate entities shortlisted for Knowledge City contract
May 23, 2007The Bangalore Metropolitan Regional Development Authority (BMRDA), which is implementing the Rs. 50,000-crore project on public-private participation (PPP) model, had invited global tenders for developing the project, which is said to be one of its kind in the country.
The companies headed by Mr. Mukesh Ambani, Mr. Anil Ambani, seven promoters from Dubai and four from Malaysia are vying for bagging the prestigious contract.
The Knowledge City would exclusively cater to the IT industry for which Bangalore had become the "one-stop destination" for expansion.
Looking beyond Bangalore, Karnataka to develop IT in small towns
24 May, 2007"We are working on a hub-and-spoke model to attract investments in the knowledge sector with a two-pronged strategy. By positioning Bangalore as the hub and tier-two cities across the state as spokes, we want to ensure Karnataka remains the favourite IT destination in India," state Information Technology secretary MN Vidyashankar said.
With Bangalore remaining the hot destination for IT investors, especially multinational companies, the government has set aside a massive 10,000 acres of land at Bidadi, about 30 km from the hi-tech city, for a planned Knowledge City with world class facilities.
The land has already been acquired and earmarked for IT and IT-enabled services, including outsourcing and call centers.
In all, 32 infrastructure players, including foreign firms, have bid for the global tender floated by the government. The bids will be opened in the next two months, Vidyashankar said.
And Dale Carnegie, a leading US-based soft skills training institute, has offered to set up the third school at the upcoming Bidadi Knowledge City, Vidyashankar said.
Karnataka to spread wings in IT sector
22 Jun 2007Meanwhile, the Knowledge City project in Bidadi is on track. BMRDA will soon take a decision on the preferred developer out of 25 companies shortlisted. These include global companies from the US, Singapore, Malaysia, Dubai and a couple of Indian companies including those headed by the two Ambani brothers.
“The land acquisition is under final notification and we will be handing it over to the developer in July this year. We expect the facility to be ready within 18 months. The first phase will see about 2,500 acres being developed,’’ Mr Vidyashankar said.
The Bidadi project is slated to have an investment of Rs 50,000 crore, completely from the private sector. It will have about a dozen SEZs in areas like IT, BPOs, KPOs and semiconductors. The facility will cover about 10,000 acres (to be specific 9,968 acres) translating into a built up space of 435.60 million sq.ft.
According to Mr Vidyashankar, about 10-12 MNCs companies and the Japanese trade body JETRO are interested in setting up campuses in the Knowledge City.
BMRDA defends Bidadi township
2 Oct, 2007The BMRDA has defended the proposed Bidadi township project, also known as Knowledge City, to come up in an area of 9,179 acres across 10 villages. BMRDA commissioner Sudhir Krisha told the high court that the project is in the public’s interest and is meant to ease pressure on Bangalore. Further, land has not been notified for acquisition and hence obtaining environmental clearance at this stage does not arise, he added.
The authority has commenced the process of selecting developers and 24 bids have been short-listed based on their financial and technical capabilities. A pre-bid meeting was held on May 10 and the last date for submitting bids is July 9. The government had already announced compensation and rehabilitation package on June 11, he explained in his statement.
DLF may build Bidadi knowledge city in Karnataka
2 Oct 2007Realty major DLF is learnt to have bagged the project for developing the 9,178-acre Bidadi Knowledge City in Karnataka. The land acquisition cost will be around Rs 3,600 crore and the total cost of the project, including development and sales, is estimated to be between Rs 50,000 crore and Rs 60,000 crore, said a source close to the development.
The project will be developed by DLF in a 50:50 joint venture with the Dubai-based firm Limitless Holdings, a part of Nakheel and Dubai World group. California-based architecture firm Berkely and design firm Calthorpe Associates have been appointed the master planners for the project.
The project is learnt to have been awarded to DLF following a global tender issued by the Bangalore Metropolitan Regional Development Authority (BMRDA). In all, 32 consortiums, formed by over 100 companies, had filed for the request for qualification (RFQ).
The project will be developed at about 30 km away from Bangalore and 15-km from Mysore. “It is aimed at supplementing the urban infrastructure of the area, and will be a world-class destination for professionals to live and work in,” sources said.
Located on the Bangalore-Mysore railway line and 30 km from the Bangalore airport, the township will have strategic connectivity advantage of being on the southern freight corridor.
The township is also likely to have a dedicated metro rail connection to Bangalore city. In order to boost existing connectivity, BMRDA is also working on a series of ring roads.
DLF plans Rs 60,000 cr project in Bangalore
02-OCT-07The country’s largest real estate company DLF has bagged the project for developing Bidadi Knowledge City of Bangalore, spread over 9,178 acres, which will be three times the size of DLF City in Gurgaon.
To be positioned as New Bangalore, the project will entail an investment of over Rs 60,000 crores, which is believed to be the largest ever investment by any private sector company.
DLF to create new Bangalore; to invest up to Rs 60,000 cr
03-OCT-07DLF, the country's biggest realty firm, plans to develop a huge integrated township spread over 9,178 acre on the outskirts of Bangalore at an estimated investment of up to Rs 60,000 crore over the next seven years.
DLF will be given 2,200 acres of land at Bidadi on the city outskirts, Minister for Primary and Secondary Education Basavaraj Horatti had said yesterday after a cabinet meeting. DLF will deposit Rs 57.55 lakh per acre as development charges with Bangalore Development Authority, he had said.
The Karnataka government has awarded the land it owns while the remaining area would be acquired from private parties with the help of the state, the sources said.
The project was awarded to DLF, following a global tender issued by the Bangalore Metropolitan Regional Development Authority (BMRDA). The township, which would be positioned as New Bangalore, will be developed at about 30 km from the city of Bangalore 15 km from Mysore.
DLF market cap crosses Rs 1.5 trillion mark.
3 October 2007ountry's largest realty firm DLF today crossed the Rs 1.5 trillion mark in market cap with its scrip surging to an all-time high on Bombay Stock Exchange.
DLF's market capitalisation soared to Rs 1,52,200.48 crore with its scrip surging over 17 per cent to a 52-week high of Rs 904.
The scrip gained new heights amid reports that the company plans to develop a huge integrated township spread over 9,178 acre on the outskirts of Bangalore at an estimated investment of upto Rs 60,000 crore over the next seven years
Limitless-DLF JV wins Dh44b Indian project
04-OCT-07Limitless, a Dubai World company, and its Indian partner have won a Dh44 billion project in Bangalore to build what is billed as India's biggest new urban community.
Yesterday, the Karnataka government awarded the 9,187-acre Bidadi Knowledge City – which will be positioned as New Bangalore— to DLF Ltd, the joint venture partner of Limitless in India.
The project was awarded following a global tender issued by the Bangalore Metropolitan Regional Development Authority (BMRDA). In all, 32 consortia, formed by over 100 companies, had filed for the request for qualification, sources close to the project told Khaleej Times.
Saeed Ahmed Saeed, CEO of Limitless, pointed out that India is currently experiencing the biggest urban migration it has ever seen. "As a result, there is a massive opportunity for us to demonstrate our core strengths of master planning, innovative developments and execution of large-scale projects. We are delighted to have been chosen to create Bidadi Township, and to be playing such a key role in India's urban future."
Work on Bidadi Township is expected to begin in the first half of 2008
The city will also have a dedicated Metro Rail connectivity to Bangalore. DLF, however, is also planning to develop airports and metro stations within the township.
Deal on setting up Knowledge city under finalisation.
October 5, 2007Karnataka government is in the process of finalising with real estate developer DLF, a deal to set up India's largest technology park in the state, its IT Secretary M N Vidyashankar said today.
He also said the government was setting up India's first nanotechnology centre, being mentored by renowned scientist C N R Rao. An investment of Rs 500 crore is being envisaged in setting up of the centre.
DLF to create new Bangalore
04, 2007The total cost of project is estimated at between Rs 50,000-60,000 crore, including Rs 3,600 crore for the land, the sources said, adding that the investment would come from internal resources of the two partners and private equity at project-level.
DLF will be given 2,200 acres of land at Bidadi on the city outskirts, Minister for Primary and Secondary Education Basavaraj Horatti had said on Monday after a cabinet meeting.
DLF will deposit Rs 57.55 lakh per acre as development charges with Bangalore Development Authority, he had said.
The Karnataka government has awarded the land it owns while the remaining area would be acquired from private parties with the help of the state, the sources said.
Karnataka to hand over land to DLF soon
9 Oct 2007Karnataka, which recently awarded the Bidadi Knowledge City project on Bangalore's outskirts to realty firm DLF, will transfer the land in a couple of months.
A top official of the Karnataka government said on Thursday that the process of acquiring the land for the project is nearing completion. The project requires 9,187 acres of land. A major portion of this is already in the possession of the state government while the remaining share is being acquired.
"We expect certain formalities to be completed in the coming days. The land will be handed over to DLF in two months. We expect the project to attract investments in IT/ITeS industries in a large way," M N Vidyashankar, Karnataka's IT/BT/S&T Secretary, said.
Addressing the inaugural session of the 'Embedded Systems Conference India 2007', Vidyashankar pointed out that the government has proposed to set up 14 SEZs within the Knowledge City. "The SEZs will be sector specific. There will be SEZs for IT/ITeS, semiconductors, embedded systems, chip design houses and various industry bodies," he added.
In an effort to link the Knowledge City with the upcoming Bangalore International Airport, the state government has proposed to construct a six-lane 36 kilometre long expressway. "The government is in the process of issuing tenders to develop this expressway. We expect it to be ready within 18 months from the date of commencement," Vidyashankar added.
Bidadi all set for a boom
22-OCT-07Swanky 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.
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.
Karnataka's knowledge city project on track: Secy.
Dec 14, 2007Karnataka's ambitious project of the proposed knowledge city at Bidadi, on the outskirts of Bangalore, is on track, a state government official said.
In the first phase, realty major DLF would develop 2,500 acres of land. The work is expected to be completed in 18 months, according to IT, Science and Technology secretary, M N Vidyashankar.
Farmers oppose land acquisition at Bidadi
May 8, 2008A Division Bench of the Karnataka High Court comprising Chief Justice Cyriac Joseph and Justice Ashok B. Hinchigeri admitted a public interest litigation (PIL) petition by Sri Ranganatha Raitha Hitarakshana Samiti against the proposed move by the State Government to acquire agricultural lands in and around Bidadi in Ramanagara district for the Knowledge City.
DLF seeks approval for $150 million FDI
May 17, 2008Country's largest realty firm DLF, which has tied up with Dubai-based developer Limitless for developing Rs 60,000-crore township in Bangalore, has sought Government approval for bringing in foreign direct investments worth $150 million.
Official sources said the Foreign Investment Promotion Board (FIPB) tomorrow would take the issue, adding it is likely to get approval.
However, the foreign investment proposal would be given the final clearance by the Finance Minister, Mr P Chidambaram, after the Board's recommendation.
Limitless, a part of Dubai World Company will initially bring $150 million as equity to part finance the project, market sources said.
Another proposal that has been deferred by FIPB is of DLF Limitless Developers Pvt Ltd. DLF would develop a mega project in Bidadi Knowledge City near IT hub Bangalore in partnership with Dubai-based Limitless. “The proposal entails issue of shares in lieu of pre-incorporation expenses. FIPB may seek some more information on the Dubai company,” sources pointed out.
29 May 2008
Govt clears 14 FDI proposals worth Rs 826 crore
13 Jun, 2008It deferred 13 proposals including that of DLF Limitless Developers Ltd. DLF has formed a joint venture with Dubai-based Limitless for developing a township in Bangalore with estimated investment of Rs 60,000 crore.
Arcelor-Mittal proposal for foreign investment among 13 cleared
http://limitless.ae/content/Project_BI.aspxThe other proposals cleared include those from Dish TV in direct-to-home operations, Deutsche Bank in financial sector, Apollo group in healthcare, Indiabulls in power generation, and DLF in the realty industry.