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Vishnu Rageev R |
| Bhartiya’s Rs 15,000 Crore Realty Bang |
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Bhartiya’s Rs 15,000 Crore Realty Bang
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Bhartiya Urban Infrastructure & Land Development Co, a wholly-owned subsidiary of Bhartiya International Ltd, has sketched a master plan to develop a mega urban city within the peripherals of Bangalore. The Rs 15,000 crore mixed-use development project — Bhartiya City — would come up over 100 acres near Bangalore International Airport Ltd (BIAL) incorporating 2 crore square feet of residential, commercial and entertainment projects. This project, ‘a city within city’, which is also envisaged as Bangalore’s premium business destination will be fully operational by 2022. Snehdeep Aggarwal, Chairman, Bhartiya International gives a low down. By Vishnu Rageev R
What’s your thoughts behind Bhartiya City?
Our belief is that good lifestyle spaces or good living conditions should not be the domain of few ultra rich only. Rather than making our development exclusive, we would like to make it inclusive. Keeping it as our catchword, we are entering the business of real estate development. We are making the fi nal blueprint for our fi rst sustainable mega development project in Bangalore. It’s really going to be a dream land wherein you can live, work, shop, and entertain.
What are the project details?
It is a city within the city. It would have a whopping 2 crore square feet of real estate development. The city would offer housing and offi ce facilities besides entertainment options, retail outlets, commercial establishments, banks/financial institutions, malls, hospitals,schools and colleges, restaurants, star hotels, stadiums, and the like. When completed,it would be one of India’s largest business
districts.
We are developing lifestyle products and we believe housing as lifestyle. We are planning around 7,000 homes across different categories. We will be tying up with international architect fi rms to offer quality lifespace. Our estimation is that the fi rst phase of the housing project will be launched in the market by 2010-end.
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