{"id":1741,"date":"2012-10-31T08:51:20","date_gmt":"2012-10-31T08:51:20","guid":{"rendered":"http:\/\/www.franchisemart.in\/franchise\/?p=1741"},"modified":"2012-10-31T08:55:55","modified_gmt":"2012-10-31T08:55:55","slug":"launch-of-bhartiya-city-project-has-been-announced","status":"publish","type":"post","link":"https:\/\/www.franchisemart.in\/franchise\/launch-of-bhartiya-city-project-has-been-announced\/","title":{"rendered":"Launch of \u2018Bhartiya City\u2019 project has been announced"},"content":{"rendered":"

\"\"<\/a>Announcement of launch of the new real estate project \u2018Bhartiya City\u2019 has been made by Delhi-based textile major Bhartiya Group. The project is about 15 kilometres from Bangalore city. The new integrated township across 125-acres has eight districts which bring together homes in different formats, work spaces including a large IT SEZ and financial district, shopping district and a high street, hotels, a hospital, a school with great attention to public realm covering many parks and streets which are pedestrian and cyclist friendly to give a unique experience of a township rightly labeled as \u2018City of Joy\u2019.<\/p>\n

With the investment of Rs. 2, 000 crore on this project, the company is assuming to bring the project into shape within 10 years. It has also formed a consortium of seven banks like Corporation Bank, Bank of Baroda, Allahabad Bank, Andhra Bank, State bank of Patiala among others. <\/p>\n

Snehdeep Aggarwal, chairman of Bhartiya Group, promoters of Bhartiya City, said, \u201cWe at Bhartiya are proud to offer an urban living experience to people seeking a home where every little detail is planned.\u201d<\/p>\n

The company official said, the project is being developed in phases and has completed the first phase of 5 million square feet which includes an IT park and residential facilities including apartments and villas.<\/p>\n

It has priced the residential complex in the range of Rs 29 lakh to Rs 1.5 crore based on the available facility. Bhartiya City has signed up with Leela Hotels to operate the first hotel which will also include the largest conference centre in Bangalore.<\/p>\n

\u201cThe total built-up area, once the project is completed, would be around 12 million square feet,\u201d Aggarwal said.
\nBhartiya is also setting up a 250-acre leather Special Economic Zone at Tada in Nellore district in Andhra Pradesh. It is the first product-specific SEZ of its kind in India in a JV with Andhra Pradesh Industrial Infrastructure Corporation Ltd.<\/p>\n