Hope, finally?

After 2 days of carping, now I see what feels like some good news on the investment front.

Ambani brothers – Mukesh and Anil – are the only two Indians of the 24 bidders shortlisted for the Rs 50,000 crore, 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.

And Bidadi being pretty close to Bangalore, this project is a master-stroke of the government in letting the satellite towns now get their share of the development. And look at the numbers that are being talked about. Thats more than a billion dollars! ( Is my math correct…somebody tell me! )

Considering that such mega projects always put pressure on the poor infrastructure and allied problems, the following part of the news, in my humble opinion, is the clincher!

One of the criteria for companies setting up shops in this campus is that employees must reside in the complex, which will result in less congestion in Bangalore city,” Vidhyashankar said.

Fantastic, isn’t it? I can enjoy my weekend now!

3 Comments so far

  1. Naveen (unregistered) on February 24th, 2007 @ 2:17 pm

    Rs. 50,000 crores = approx. 11 billion dollars (4500 crores= 1 billion dollars). Thats huge by any standards.
    The first phase is around 2500 acres and apparently land for it has already been acquired. The remaining 7500 acres need to be acquired. This satellite town will open up an entirely new corridor along West and South-West Bangalore for development just like the Devanahalli airport is doing now for North Bangalore.
    The Metro is gonna be extended till B’lore University in Phase 2. Future phases can extend it further till Bidadi. Also, per recent news reports, the BMIC corridor till Bidadi is almost done except a few stretches pending litigation.

  2. tarlesubba (unregistered) on February 24th, 2007 @ 4:33 pm

    a comment not related to bidadi directly, but one cause of concern is some textile projects seem to have crossed borders even those from gokaldas.

  3. Chitra (unregistered) on February 24th, 2007 @ 9:06 pm

    Sure you can, especially after a week of being a Bangalorean to the core. :)

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