Largest aerospace hub will be constructed in Bangalore
The leading real estate builder Sun Forest City Ventures Limited will construct the Asia’s largest hubs for the aerospace industry near Bangalore.
The entire project in Bangalore will cost Rs 10000 crore. The state government has approved the project proposal of the builder to set up the mega project with a complete eco-system for aerospace industries in three phases near the Bangalore international airport.
The cluster project ‘Vayu’ will be constructed on an area of 1000 acre. It will provide space for domestic and overseas aerospace firms in an integrated platform with world-class infrastructure facilities.
The centre will take advantage of the defense offset policy to manufacture and supply components and sub-assemblies.
The government had identified the land and issued preliminary notification to farmers for acquisition of their lands at the prevalent market rate. The aerospace hub will complement the aerospace special economic zone (SEZ) being set up near the airport for the private sector.
This project will rise the growing opportunity of the real estate projects in Bangalore and in the surrounding areas.
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Source: Economic Times
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