<div align="justify">After developing layouts and flats, the Bangalore Development Authority (BDA) is for the first time venturing into a township project. <br /><br />The proposed Rs 10,000 crore self-sustained modern township, which will go by the name ‘Innovative City’, will come up in about 166-acres of land in Kondanasanapura village near Hoskote.<br /><br />BDA Commissioner Rakesh Singh told Deccan Herald that the integrated township will house both commercial and residential complexes along with recreational facilities. “It will be an eco-friendly township with a mix of both office and residential complexes, comprising a tech park, malls, residential flats with pools, community halls and sporting avenues,” he added.<br /><br />The residential complex will comprise all category houses ranging from single BHKs to four BHKs. He said that the BDA wanted to replicate the self-sustained township concept as it owned a single parcel of land of about 170 acres (acquired in the early 2000), which was suited for such projects.<br /><br />The officer also said that the concept fast evolved given the quick paced development in the eastern part of Bengaluru, where, not only an alternative approach to the International airport has been planned; as many as 102 hi-tech projects are in the pipeline. The township would also ease traffic congestion, he added.<br /><br />BDA engineer-member P N Nayak said that the project had picked pace after the Authority’s board approved the same recently. Following this, the BDA has engaged a Bengaluru based architectural firm to prepare both the concept plan and the revenue model for the project. Once the plans are readied, the BDA will float global tenders for project implementation in the next three to four months. This will not only be BDA’s first biggest project, it will also be its first venture on a public-private-partnership model.<br /><br />So far the BDA has developed as many as 69 layouts and 13,000 flats (both completed and ongoing) in Bengaluru, with the project cost varying between Rs 350 crore to Rs 2,000 crore.<br /><br />Nayak said that the developer(s) will be entrusted with the responsibility of both designing and implementing the project. The developer will make the investment and share the revenue generated, with the BDA. The project will be taken up in phases, with the first phase expected to be ready for occupation in the next five years.</div>
<div align="justify">After developing layouts and flats, the Bangalore Development Authority (BDA) is for the first time venturing into a township project. <br /><br />The proposed Rs 10,000 crore self-sustained modern township, which will go by the name ‘Innovative City’, will come up in about 166-acres of land in Kondanasanapura village near Hoskote.<br /><br />BDA Commissioner Rakesh Singh told Deccan Herald that the integrated township will house both commercial and residential complexes along with recreational facilities. “It will be an eco-friendly township with a mix of both office and residential complexes, comprising a tech park, malls, residential flats with pools, community halls and sporting avenues,” he added.<br /><br />The residential complex will comprise all category houses ranging from single BHKs to four BHKs. He said that the BDA wanted to replicate the self-sustained township concept as it owned a single parcel of land of about 170 acres (acquired in the early 2000), which was suited for such projects.<br /><br />The officer also said that the concept fast evolved given the quick paced development in the eastern part of Bengaluru, where, not only an alternative approach to the International airport has been planned; as many as 102 hi-tech projects are in the pipeline. The township would also ease traffic congestion, he added.<br /><br />BDA engineer-member P N Nayak said that the project had picked pace after the Authority’s board approved the same recently. Following this, the BDA has engaged a Bengaluru based architectural firm to prepare both the concept plan and the revenue model for the project. Once the plans are readied, the BDA will float global tenders for project implementation in the next three to four months. This will not only be BDA’s first biggest project, it will also be its first venture on a public-private-partnership model.<br /><br />So far the BDA has developed as many as 69 layouts and 13,000 flats (both completed and ongoing) in Bengaluru, with the project cost varying between Rs 350 crore to Rs 2,000 crore.<br /><br />Nayak said that the developer(s) will be entrusted with the responsibility of both designing and implementing the project. The developer will make the investment and share the revenue generated, with the BDA. The project will be taken up in phases, with the first phase expected to be ready for occupation in the next five years.</div>
