The project will see a building of as much as 10 lakh crore sq. toes amounting to Rs 1 lakh 20 thousand crore. “We have partnered for first 100-acre of the project which will have a development potential of 9 million sq ft. We have planned residential and industrial development within the project and we are going to put money into it,” said AK Sharma, chairman, India Forbes global properties. Real estate builders in Bengaluru are more and more using Joint Development Agreements with landowners due to surging land prices.
