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Deccan Herald » National » Detailed Story
Consortium yet to be formed
DH News Service, Bangalore:

The Delhi-based real estate major DLF Universal has so far not formed a consortium to implement the Bidadi project. “The company wants to know the government’s response to its suggestions for modifications, before roping in other players to form the consortium,” sources explained.

The mega project needs around 9,000 acres of land, of which, around 5,100 acres will be agriculture land in Bidadi —roughly 30 kms from Bangalore city. The government has to acquire the required land for the project, while the developer will implement the project, which is aimed at creating much-needed space exclusively to IT and BT industries.

Adviser to the governor Krishna Kumar said the developer was well aware of the agreement and conditions that had been laid down before bidding for the project. “We could have straight away told them that we will not consider. But we have not done it. We want to see whether the modifications can be accommodated without sacrificing the interest of the State,” he stated.

The developer has now taken time to form a consortium. The government, therefore, has enough time to look into the matter carefully. “At the same time, we will prepare the preliminary notification for land acquisition...We will see what the law department had to say,” he added.

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