Development of Reshme Bhavan in PPP Framework at Okalipuram Bengaluru, Karnataka

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Information Department of Sericulture has come up with Development of Reshme Bhavan in PPP Framework at Okalipuram Bengaluru, Karnataka with a ticket size of 262.74 INR Crores. This project in Commercial Real Estate sub-sector involves The current status of the project is Idea Stage and is being developed through the PPP route. Economic/Social Impact of the Project The Department of Sericulture, Government of Karnataka holds multiple land parcels across the state. One such land parcel is in Okalipuram, Bengaluru that admeasures approximately 4.752 acres. In order to put the land parcel to an optimal use, the Authority intends to explore the feasibility option of developing facilities like commercial, retail, etc. through Public Private Partnership framework. Given the strategic location of the land parcel, and its high potential in terms of business viability, the Department of Sericulture envisions to develop the Project with commercial facilities and other possible amenities.