Advertisement
The Karnataka government is set to invite bids for a new IT park in Mangaluru next week, aiming to expand technology-led development beyond the state's main hubs. The planned project will offer modern office spaces for IT firms, startups and knowledge-based businesses, along with supporting amenities. Officials said the IT park is expected to attract private developers and boost investment in the region's commercial real estate market. With improving connectivity and a strong talent base, Mangaluru is emerging as a promising tech growth corridor. The initiative supports Karnataka's decentralisation strategy and could generate jobs while driving demand for housing, hospitality and retail in the city.
The Karnataka government is preparing to invite bids next week for a new IT park in Mangaluru, part of its broader strategy to develop technology-oriented commercial infrastructure outside the State's traditional hubs. Officials said the planned park is expected to attract private developers and drive investment into the region's real-estate and business ecosystem. Advertisement
Positioned to serve as a catalyst for economic activity, the Mangaluru IT park will offer modern office space tailored to the needs of technology firms, start-ups, business process services and other knowledge-intensive sectors. Authorities indicated that the project could also include supporting amenities such as incubation facilities, retail nodes and structured parking, designed to meet the expectations of global and domestic corporate occupiers.
Government representatives noted that opening bids for the project represents a key milestone in realising Karnataka's vision to decentralise technology growth. Mangaluru, with its strategic location, improving connectivity and strong base of educational institutions, has emerged as one of the State's prospective growth corridors for IT and allied industries.
The invitee developers will be evaluated on criteria including technical capability, financial strength and experience in delivering large-scale commercial developments. The government said it will ensure a transparent bid process and provide support for infrastructure linkages to the IT park site, including access roads, utilities and civic services.
Analysts said the IT park could significantly enhance Mangaluru's commercial real-estate landscape by attracting occupiers seeking alternatives to saturated markets. Modern office space may stimulate demand from both multinational corporations and domestic companies, potentially leading to job creation and ancillary development in hospitality, housing and retail segments.
If executed as planned, the new IT park could reinforce regional competitiveness, diversify the talent base and offer a platform for tech enterprises to expand in South India. Further details about the bidding process, site details, project specifications and timelines are expected to be released by the State government ahead of the bid opening.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
