The Karnataka
State Electronics Development Corporation Ltd (Keonics) is going to construct a
hotel or a mall and repair apartments at Electronics City in Bangalore. A mall
or a three-star building is slated to come back abreast of the one acre
adjacent to the National road at Electronic town section one. The service housing
is being planned on one.17 acres within the physics town. The physics town
project of Keonics may be a landmark that was developed on 332 acres on Hosur
road. It houses over 100 information technology and electronics companies
including Wipro, Infosys, HP, Siemens, 3M, Indian phone Industries and
Motorola. The combined strength of the corporations is around 30,000 people.
Currently,
malls and other such facilities are lacking in the area. Workers operating in
and around physics town have to travel long distances on Hosur road to realize
such facilities. Keonics wants to supply these amenities within the region. It
is designing to take up the construction work through a public-private
partnership. The corporation plans to lease the land to a personal partner for
thirty years. The project partner is expected to bring the finance for the
project, develop a style, build market for the facilities created and operate.
At the top
of the lease amount, the property can be transferred back to the corporation.
in keeping with a senior Keonics official, the lease quantity fastened for the
business complicated project is around Rs 3lakh a year. For service apartment
project, it's Rs 2lakh a year. The corporation recently has immersed bids from
project management consultants like realty corporations, property developers,
building operators and IT corporations. He additional same that because the
comes area unit being obsessed via public-private partnership through a bidding
method, the minimum direct non-refundable/non-adjustable worth for the
prospective bidders is Rs 4crore per acre. Bidders have to bid the direct worth
for the project over and higher than the minimum worth fastened.
More,
No comments:
Post a Comment