Karnataka Govt. to Allot Land For Govt. Offices

May 10, 2007	(Be the first to rate this story!)  Loading ...
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Along with launching bid to attract buyers for 408 acres of excess land reserved for the development of upcoming international airport in Devana Halli, the Karnataka Government has also allocated 53 acres from the excess land to provide space to government departments and offices.

The space will be developed by the Karnataka State Industrial Investment and Development Corporation (KSIIDC). Customs Department, MSIL, and BMTC will set the commercial spaces here.

The remaining 355 acres will be auctioned in lots in the next 1 year. The development of the 53 acres will remain in progress along with the ongoing work on the green field airport, which is scheduled to open in April 2008.

The successful bidders at the auction will have to comply with the Airports Authority of India (AAI) guidelines to take up the development of land. KSSIIDC has already allotted about 27 acres to Karnataka State Tourism Development Corporation (KSTDC) to construct a conference hall, hotel, and other constructions.

Earlier, it was decided to set a sub committee to keep an eye over development of the 408 acre of excess land.  The 408 acres are part of the around 2,000 acres acquired initially for the construction of airport.

News Published Under:   Real Estate India |

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