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Mangaluru City Corporation (MCC) is proposing to develop a few economic growth centres under the Smart City project of the Central Government.
Mangaluru is one among the 98 cities short-listed for the Smart City project. Now the city is gearing up for the next stage where 20 cities will be short-listed for the development of Smart City.
HN Gopalakrishna, Commissioner of MCC, said that the persons and establishments owning large properties within the city limits or contiguous to the city limits, who are interested in offering their properties for re-development or Greenfield projects under Smart City programme, can inform him before November 5.
Owners with land holding of more than 25 acres can offer their properties for redevelopment projects and those with more than 100 acres can offer for Greenfield development projects.
He said the projects would be developed on a joint venture between the special purpose vehicle (SPV) that would be developing the Smart City, landowners and private developers. Attractive financial models would be developed leading to a win-win situation for the stakeholders such as landowners, private developers, SPV and the end users of the projects.
Some of the proposed economic growth centres under the Smart City project are ‘Knowledge, Wellness and Sports city’, ‘Finance and Tech city’, ‘Eco, Leisure and Entertainment city’, ‘Beach and Backwater Tourism Centre’ and ‘IT Park’.
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