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Bhartiya group has launched $2-billion Bhartiya City, a 125-acre integrated township in Bangalore. The city has IT SEZ component as well.
The group has partnered with Leela Group to operate a 300-room hotel, which is planned as part of the project.
Announcing Bhartiya City, Snehdeep Aggarwal, chairman, Bhartiya group, said, “The project will be developed in phases. In the first phase, we are taking up development of residential, IT office space, retail and hotel.”
“In the first couple of years, we plan to take up 3.2 million square feet of residential, 0.6 million IT office space, 0.7 million retail and 0.5 million hotel,” he added.
The project is located within the BBMP limits. The township is master planned by Perkins Eastman from New York and architects include Broadway Malyan from the UK/Singapore, RSP-Bangalore and Edifice-Mumbai.
“For executing the project, we are leveraging our two decades of expertise in global fashion industry to use design as the differentiator,” said Aggarwal.
As per the master plan, the township comprises of eight districts – residential (Nikoo Homes), mixed use retail, residential and entertainment districts, certified IT-SEZ with an option of ready-to-use office spaces and also an international school, community space and a hospital.
According to Sasi Madathil, CEO, Bhartiya group, the project is a design-driven innovation applied to real estate project. The whole project is likely to be completed in 8 to 10 years.
The group has partnered Leela Group to operate a 300-room hotel. “The group will spend Rs 250 crore for hotel construction and the Leela group will manage the hotel titled Leela Bengaluru,” said Arjun Aggarwal, CEO, Bhartiya City Developers.
“The group has partnered with a few Italian kitchen and furniture makers to provide customised homes at very reasonable prices,” said Swaroop Anish, COO, Bhartiya City Developers.
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