Thursday, December 14, 2006

Bangalore SEZ & Real Estate Update

Bangalore - Garden City to most Polluted and Dirty city in India has attracted a textile SEZ and four large housing projects from Prestige Constructions.

Bangalore based Gokaldas Exports Ltd is setting up an apparels SEZ near Kanakapura 44 kms from Bangalore. Gokaldas has acquired 400 acres of land for the same. Kanakpura is DeveGowda family constituency and the family owns large chunks of land between Bangalore and Kanakapura. CNBC TV 18 had also reported that most of the real estate development in Bangalore is now taking place on Kanakapura road, mainly because of the DeveGowda factor.

Prestige Group has lined up four mega projects in Sarjapura and Whitefield areas. Presitge Ozone is located in Whitefield and will be spread on 46 acres of land constructing 290 villas. Prestige Palms is another housing project located in Whitfield. Prestige Tech Park is a commercial IT park spread on 16 acre plot and will house JP Morgan, Nokia, Airtel and others will be built on Sarjapura Road. Prestige Featherlite will be located in Whitefield and will house BPO companies.

Thanks Prestige and Gokaldas for helping get Bangalore more dirty and polluted.

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