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The Karnataka Housing Board (KHB) has secured cabinet approval for a 43-acre integrated township project in Chikkajala, Yelahanka, under a public-private partnership model. Estimated at INR 2,930 crore, the project will feature multi-storied residences, office spaces, a commercial complex, and a star hotel, with projected net revenue of INR 1,252 crore for KHB. The land, acquired over two decades ago, faced legal disputes, but 43 acres were cleared after owners consented to a 50:50 land-sharing arrangement. The finance department projects total revenue of INR 4,182 crore. Construction will commence once approvals are received from the Bengaluru International Airport Area Planning Authority.
The Karnataka Housing Board (KHB) has obtained cabinet approval for a 43-acre integrated township project in Chikkajala, Yelahanka, to be executed under a public-private partnership (PPP) model. The total project cost is estimated at INR 2,930 crore, with projected revenue of INR 1,252 crore for KHB. The board will not need to invest beyond sharing the developed property with landowners. Advertisement
The township is planned as a multi-use development comprising multi-storied residential buildings, a commercial complex, office spaces, and a star hotel. The project will proceed after obtaining necessary approvals from the Bengaluru International Airport Area Planning Authority (BIAAPA), despite existing land disputes.
The land in question was acquired by KHB 23 years ago, covering 95 acres and 13 guntas across six survey numbers in Chikkajala and five in Meenukunte village. Some landowners challenged the acquisition in the High Court and the Supreme Court. Of this, 43 acres have been cleared for development after the owners submitted consent letters to KHB, agreeing to a 50:50 land-sharing ratio as compensation. These consent letters were filed as a joint memo in the High Court, resulting in the withdrawal of pending cases by the consenting landowners.
The finance department estimates that the project will generate total revenue of INR 4,182 crore, against the cost of INR 2,930 crore, resulting in a net revenue of INR 1,252 crore for KHB. The cabinet approved the project on the condition that construction can start only after all approvals from BIAAPA are secured.
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