On last Sunday, Marib Holdings LLC, an Abu Dhabi-based company announced that they plan to build a “space city” in Chikkaballapur district. This district is approximately 90 km from Bangalore. The company would invest an amount of Rs.18,400 cr. ($4 billion) in the project.
On Saturday, this project got its approval from the state government. The project would include both business as well as residential options. The project is to be built over an area of 1,600 acres. Also, an entertainment theme park would be set which would be inspired from Disneyland.
Exhibition centers, a science and technology park, malls and media-linked events are also included in the project.
In all, the project will include 7,200 residential units, a city center consisting of fashion hub, media city, exhibition halls, media design centre and techno city. Also there will be star hotels, a convention centre, offices and an exhibition hall in the free zone office tower.