Karnataka Housing Board (KHB) will construct a 2,000-acre township adjacent to Mysore Road in the southwestern part of Bengaluru by mid-2023. The land has already been identified, and construction will commence post-May 2023.
KHB plans to launch about 4,000 acres of townships in several parts of Bengaluru by end-2023.NC Arjun Kumar, Superintendent Engineer of Karnataka Housing Board, said, “The new township will be constructed adjacent to BGS International School and will have more than 10,000 residential units.”
The township will have 55 percent of residential space reserved for apartment complexes (about 20 percent of the entire residential part), corner sites (an area of land consisting of one or more adjacent lots, where at least one lot is located at the intersection of two public roadways), and intermediate vacant lands (which will be allotted to homebuyers).
The rest of the township will be developed into commercial units, including office spaces and a mall. The township will also have plots dedicated to civic community facilities like hospitals and schools.
The development will be done in joint development with the landowners, mostly farmers in the area. "With rapid urbanisation, the farmers have come forward to give us a majority of their land. We will give them 50 percent of the developed residential area which will benefit them later.The department will float bids for the commercial spaces for the townships only after June 2023," Kumar added.
