K'taka: Hi-tech corridor for IT industry soon

Bangalore, June 17: A 1,000-acre dedicated hi-tech corridor has been proposed between Magadi Road and Mysore Road for clean industries in the Comprehensive Development Plan (CDP).

The corridor will be 17-29 km from the city centre and will house IT and IT-enabled service industries. This will ease the pressure on Whitefield and Electronic City areas.

The corridor was proposed and integrated with the Master Plan 2015 prepared by the Bangalore Development Authority (BDA). It was approved by the state cabinet on Friday. The government has asked the BDA to fast-track this corridor. BDA commissioner M K Shankerlinge Gowda told sources that the Karnataka Industrial Area Development Board will be asked to start land-acquisition process by next week as BDA is to receive revised CDP from the government by then.

The corridor will have tall glass-and steel skyscrapers, with the CDP allowing vertical growth in this zone. The floor area ratio (FAR) has been doubled to four now.

The additional FAR has been granted as the minimum width of roads stipulated here is 100 ft. "The proposal is to set up 10 integrated townships of 100 acres each with international-standard amenities.

They will be developed through a global tendering process. Ten top-of-the-line developers will be short-listed. The concept is plug-and-play for offices, Gowda said.

The BDA doesn't foresee any land acquisition issues as the corridor area has been marked clean-industry zone. The BDA will share developed land with landowners here. "It'll be on 60:40 ratio, and land owners will gain," Gowda said.

The corridor has all the prerequisites to become an instant hit, say industry pundits.Water, infrastructure and space availability have been addressed at the proposal stage. Dearth of water and infrastructure issues raised by IT industry captains in Whitefield and Electronic City belts have been addressed here.

The Master Plan has drawn up a connectivity network. The existing Bangalore-Mysore four-lane road, Mysore-Bangalore double-track, monorail connectivity, Peripheral Ring Road, Satellite Town Ring Road, BMICP road and NHAI's proposed Intermediate Ring Road will ensure smooth movement of traffic.

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