GoK – Bangalore Information Technology Investment Region Development – Karnataka - Project Profile

GoK – Bangalore Information Technology Investment Region Development – Karnataka - Project Profile

  • January 2018 •
  • 8 pages •
  • Report ID: 4473721
Synopsis
"GoK – Bangalore Information Technology Investment Region Development – Karnataka- Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "GoK – Bangalore Information Technology Investment Region Development – Karnataka- Project Profile" is part of Timetric’s database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary
The Government of Karnataka (GoK) is planning to construct an Information Technology park in Karnataka, India.

The project involves the construction of an Information Technology park on 4,046ha of land and being developed in phases. The first phase will be developed on 838ha of land.

It includes the construction of office buildings, warehouses, administrative buildings, an exhibition convention, restaurants, a residential township, an airstrip, shopping plazas, hospitals, schools, parking and related infrastructure.

The Government of India will fund US$1,156 million for the development of the project.

Deloitte Touche has been appointed to prepare a request for proposal (RFP) documents to select project developers.

In 2010, GoK approved the planning application.

In August 2013, Karnataka Industrial Areas Development Board (KIADB) started land acquisition for the development.

In March 2015, Housing and Urban Development Corporation (HUDCO) approved US$150 million for the implementation of the project.

In September 2015, the project was placed on hold due to opposition of farmers on land acquisition issues.

In October 2016, KIADB acquired around 1133ha of land near Devanahalli.

Land acquisition process is underway and simultaneously GOK is seeking funds for the project. The entire project is scheduled to be completed by 2032.

Scope
The project involves the construction of an Information Technology park on 4,046ha of land near Bangalore, Karnataka, India.

The US$2,297 million project includes the following:
1. Construction of office buildings
2. Construction of administrative buildings
3. Construction of a residential township
4. Construction of an airstrip
5. Construction of shopping plaza
6. Construction of hospitals and schools
7. Construction of warehouses
8. Construction of parking facilities

Reasons To Buy
• Gain insight into the project.
• Monitor the latest project developments.
• Identify key project contacts.
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Country=India Industry=InformationTechnology ParentIndustry=ICTAndMedia Date=201801 Publisher=Timetric Price=1000