According to an IANS report, Abu Dhabi-based Marib Holdings LLC plans to build a 'space city' in Chikkaballapur district, around 90 kms from Bengaluru, with an investment of Rs 18,400 crore. For the same, the Karnataka government has identified land for the project in three villages namely Hosahudiya, Adiganapalli and Narepalli in Bagepalli taluk of Chikkaballapur district. The Group has set up its subsidiary Marib Infrastructure India Ltd to build the space city. The key components of the project include 7,200 residential units, a city centre consisting of a techno city, media city, media design centre, fashion hub and exhibition halls. The free zone office tower will have offices, star hotels, an exhibition hall and a convention centre. The 'space city' will be a high-tech multi-functional educational entertainment project, with a view to boosting real estate, hotels and hospitality, leisure and tourism sectors. The project, which recently received in-principle approval of the Karnataka government, includes setting up of an entertainment theme park on the lines of Disneyland in an integrated recreation, business and residential township spread over 1,600 acres. The project will also have a science and technology park, exhibition centres, malls and media-linked events. The science and technology park will be the heart of the themed entertainment and edu-tainment elements in the space city. Sheikh Sultan Bin Mohd Bin Khalid Al Nahyan, a member of the Abu Dhabi's royal family and main promoter of Marib, will visit Bengaluru next month to submit a master plan for final approval. Sanjai Chhaunker, Managing Director, Marib Infrastructure India Ltd. said, "We plan to develop an innovative city with recreational, commercial and residential facilities. It will be a cluster of fashion city, a hotel city and a media city. The space concert centre will be a multi-purpose facility with musical entertainment and performing arts creation centre and a 2000-seat high-tech auditorium." |
Monday, June 21, 2010