Karnataka Minister suggests 1,000 villas on 500 acre near Bengaluru

09 Jun 2023 CW Team

B Z Zameer Ahmed Khan, State Housing Minister, suggested that the Karnataka Housing Board (KHB) should consider constructing 1,000 villas on 500 acres of available land on the outskirts of Bengaluru. The proposal was put forward during a review meeting attended by board and housing department officials.

Khan justified the villa proposal by explaining to the officials that Bengaluru had gained significant international recognition, attracting a large number of industrialists and VVIPs from abroad who wished to reside permanently in the city's vicinity.

It was stated that the proposal aimed to build 250 villas in five different directions around Bengaluru, offering grand houses spanning up to 10,000 sqft. Khan emphasised that the villas should be situated amidst natural surroundings.

Previously, Khan had instructed the KHB officials to plan for the development of five hi-tech cities or satellite townships, encompassing modern amenities, on 2,000 acres of land. Each location was expected to have 30,000 sites and 5,000 houses, including the proposed villas.

This endeavour would result in a combined total of 150,000 sites and 25,000 houses across the five planned hi-tech cities.

The entire project was envisioned to follow a 50:50 public-private partnership (PPP) model, allowing the KHB to avoid land acquisition costs by partnering with landowners.

Also read:
Gujarat's housing loan disbursals surge 60% to Rs 420 billion in a year
State govt to take over Stalled Mumbai Redevelopment Projects

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..