Eight city clusters to be developed at Rs 2,100 cr

by Paul Joseph on February 2, 2013 · 0 comments

Bangalore: Karnataka government today decided to develop eight city clusters in Bangalore Metropolitan Region Development Authority (BMRDL) areas at an estimated cost of Rs 2,100 crore. Government will avail Rs 1,400 crore loan from Asian Development Bank and contribute Rs 700 crore to develop the city clusters, Minister for Urban Development, S Suresh Kumar told reporters after the cabinet meeting here. The Karnataka Industrial Development Corporation had submitted a plan to the government suggesting development of city clusters in areas falling under BMRDL as its study indicated that the population there would inflate to 1.80 crore by 2030, he said. Kumar said the city clusters will come up between Ramanagar

[via India Properties – Real Estate India – Indian Property News Site]

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