Karnataka Cabinet Greenlights ₹18,133 Crore Satellite Township in Bengaluru South
The Karnataka Cabinet has given its in-principle approval for the ₹18,133 crore Integrated Satellite Township project in Bengaluru South. The plan involves acquiring 7,404 acres across nine villages in Ramanagara taluk and includes a ₹7,500 crore state bank guarantee. Karnataka Cabinet approves Integrated Satellite Township project in Bengaluru South district at a cost of ₹18,133 crore It agrees to provide a bank guarantee to a tune of ₹7,500 crore to the project that will entail.
Key Facts
- Project Cost: ₹18,133 crore
- Land Acquisition: 7,404 acres
- Location: Ramanagara taluk, Bengaluru South district
- Bank Guarantee: ₹7,500 crore
The Karnataka Cabinet approved on Thursday the ₹18,133 crore Integrated Satellite Township project slated for Bengaluru South district. This ambitious development, spanning 7,404 acres in Ramanagara taluk, aims to alleviate congestion in Bengaluru by establishing a new self-sustaining urban centre. The government also settled on a compensation package for farmers whose land will be acquired, a point that had previously sparked political debate.
To ensure the project's financial feasibility, the state will issue a bank guarantee amounting to ₹7,500 crore. This significant financial commitment underscores the government's intent to proceed with one of the region's largest infrastructure projects. The township is expected to reshape the real estate and economic dynamics of the Bengaluru South corridor.
| Feature | Details |
|---|---|
| Total Project Cost | ₹18,133 crore |
| Land Area | 7,404 acres |
| Target District | Bengaluru South |
| Bank Guarantee | ₹7,500 crore |
Glossary
Satellite Township: A smaller city or town located near a major metropolitan area, designed to be self-sufficient while maintaining ties to the main city.
In-principle Approval: Initial agreement on a project's concept before final detailed plans are authorized.
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