Karnataka Minister suggests 1,000 villas on 500 acre near Bengaluru
09 Jun 2023
2 Min Read
CW Team
B Z Zameer Ahmed Khan, State Housing Minister, suggested that the Karnataka Housing Board (KHB) should consider constructing 1,000 villas on 500 acres of available land on the outskirts of Bengaluru. The proposal was put forward during a review meeting attended by board and housing department officials.
Khan justified the villa proposal by explaining to the officials that Bengaluru had gained significant international recognition, attracting a large number of industrialists and VVIPs from abroad who wished to reside permanently in the city's vicinity.
It was stated that the proposal aimed to build 250 villas in five different directions around Bengaluru, offering grand houses spanning up to 10,000 sqft. Khan emphasised that the villas should be situated amidst natural surroundings.
Previously, Khan had instructed the KHB officials to plan for the development of five hi-tech cities or satellite townships, encompassing modern amenities, on 2,000 acres of land. Each location was expected to have 30,000 sites and 5,000 houses, including the proposed villas.
This endeavour would result in a combined total of 150,000 sites and 25,000 houses across the five planned hi-tech cities.
The entire project was envisioned to follow a 50:50 public-private partnership (PPP) model, allowing the KHB to avoid land acquisition costs by partnering with landowners.
Also read:
Gujarat's housing loan disbursals surge 60% to Rs 420 billion in a year
State govt to take over Stalled Mumbai Redevelopment Projects
B Z Zameer Ahmed Khan, State Housing Minister, suggested that the Karnataka Housing Board (KHB) should consider constructing 1,000 villas on 500 acres of available land on the outskirts of Bengaluru. The proposal was put forward during a review meeting attended by board and housing department officials.
Khan justified the villa proposal by explaining to the officials that Bengaluru had gained significant international recognition, attracting a large number of industrialists and VVIPs from abroad who wished to reside permanently in the city's vicinity.
It was stated that the proposal aimed to build 250 villas in five different directions around Bengaluru, offering grand houses spanning up to 10,000 sqft. Khan emphasised that the villas should be situated amidst natural surroundings.
Previously, Khan had instructed the KHB officials to plan for the development of five hi-tech cities or satellite townships, encompassing modern amenities, on 2,000 acres of land. Each location was expected to have 30,000 sites and 5,000 houses, including the proposed villas.
This endeavour would result in a combined total of 150,000 sites and 25,000 houses across the five planned hi-tech cities.
The entire project was envisioned to follow a 50:50 public-private partnership (PPP) model, allowing the KHB to avoid land acquisition costs by partnering with landowners.
Also read:
Gujarat's housing loan disbursals surge 60% to Rs 420 billion in a year State govt to take over Stalled Mumbai Redevelopment Projects
Next Story
ClickPost Launches Atlas to Benchmark E-commerce Logistics
ClickPost, a leading logistics intelligence platform, has launched Atlas, a subscription-based benchmarking tool designed to transform how e-commerce brands strategise logistics. Powered by ClickPost鈥檚 proprietary network, which processes over 50 million shipments each month, Atlas enables brands to benchmark key operational metrics in real time against industry peers and standards.Unlike traditional dashboards, Atlas delivers comparative insights鈥攆rom fulfilment speeds, RTO rates and average order values to city-level delivery times and sales data鈥攁llowing brands to identify operational..
Next Story
Kalyani Launches Two New LivingTree Towers in Bengaluru
Bengaluru-based Kalyani Developers has announced the launch of Towers 3 and 4 at its flagship residential project, Kalyani LivingTree, located in KIADB Aerospace Park. The expansion adds 525 premium 3BHK apartments, ranging from 1300 to 1600 sq ft, and over 7.5 lakh sq ft of built-up area. Prices start from Rs 1.2 crore.These towers, the most exclusive in Phase 1, offer uninterrupted pool and landscape views, and access to over 60 lifestyle amenities, two clubhouses totalling 1 lakh sq ft, and more than 80 per cent open space.LivingTree spans 25 acres and will comprise ten towers of 23鈥�24 fl..
Next Story
Blue Water Logistics IPO opens May 27
Hyderabad-based Blue Water Logistics is launching its Rs 40.5 crore IPO on May 27, 2025, which will remain open for subscription until May 29. The price band has been set at Rs 132 to Rs 135 per share, with a lot size of 1,000 shares. This is a book-built issue entirely comprising a fresh issue of 30 lakh equity shares. The IPO will be listed on the NSE Emerge platform.Smart Horizon Capital Advisors is the sole book-running lead manager, while Maashitla Securities will act as the registrar. The anchor book will open on May 26, 2025. The IPO allocates 8,35,000 shares to anchor investors, 1,56,0..
