Real
estate in Bangalore may soon have to vie
for buyers in competition with another city that may be built in close
proximity to Bangalore. A new city may be built in the Kolar Gold Fields if the
Karnataka Government is serious about decongesting Bangalore by creating
another city in the vicinity of the IT Capital of India. Decongesting Bangalore
is certainly a dreamy goal and citizens of Bangalore would love to live a city
that has fewer people. If traffic in Bangalore becomes more manageable then New
projects in Bangalore will become more attractive to buyers. The
Karnataka government hopes to relocate 2 million people from Bangalore to this
planned city.
Is It Full Steam Ahead?
The urban development minister R Roshan Baig announced to
reporters that the city, once completed would stand on 11,000 acres of
abandoned mining land in Kolar which is about one hundred kilometres from
Bangalore. Bangalore is known as the city of lakes and gardens and those who
live in apartments in Bangalore
enjoy a beautiful view of the greenery in Bangalore. The planned city on the
Kolar Gold Fields is likely not to be as richly endowed with water as is
Bangalore since the drinking water needs of this city are expected to be met with
the use of desalinization plants that will desalinate water brought from
Mangaluru.
Similar Thoughts as Others
Property in Bangalore is thriving in no small reason due to the plentiful lakes in the
city. The authorities in Chennai, however, hope to use desalinization plants to
supply households in Chennai with plentiful water. Tamil Naidu has proposed to
set us two desalinization plants, at Minjur and Nammeli at a combined cost
exceeding one thousand crores.
The Proposed City
The city proposed is expected to be designed by global designers,
the Karnataka authorities have planned to invite global tenders to design the
city. A special purpose vehicle will be launched by bringing in private
investors. If this city is built successfully, many of those travel upon the
crowded streets of Bangalore and live in luxury
apartments in Bangalore will have a smoother ride from home to work and
back since nearly two million residents of Bangalore are expected to move to
this proposed city. The cost of building this city shall only be known once a
detailed project by a global agency is prepared. Those living in flats in Bangalore may have a great deal of time yet until the streets are less
crowded than they are today.
Post By Shrikant Sain
Post By Shrikant Sain
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