Here is some good news for Bengaluru residents and real estate investors with manifold appreciations in the coming days! According to the recent announcement of Karnataka Minister MB Patil, the upcoming SWIFT City will enhance the Ecosystem of startups in Bangalore. This will also claim a major industrial hub in the IT City. MB Patil is the Karnataka Minister of Large and Medium Scale Industries, excluding Sugar of Karnataka
The Karnataka Government revealed the plan to develop a SWIFT City that stands for;
S – Start-Ups
W – Workspaces
I – Innovation
F – Finance
T – Technology
SWIFT City is about to be planned near Sarjapur, the second most preferred locality for real estate investments in the last 10 years. This plan will be similar to the recently announced KWIN City. As per Karnataka Minister MB Patil, SWIFT City will enhance the start-up ecosystem in Bengaluru and will be one of the major industrial hubs in Silicon Valley.
He further added, “SWIFT City will be another industrial hub in Karnataka, similar to ITPL & EPIP Zone in Bangalore East and Electronic City in Bangalore South. This will be built on more than 1000 acres of land near Sarjapur/Sarjapura and will become a new start-up hotspot of Bengaluru City.
About SWIFT City and what it offers
- SWIFT City will sprawl over 1000 acres, close to IT Hubs like Sarjapur Main Road, Kadubeesanahalli, Bellandur Outer Ring Road, and Panathur. Also, with excellent connectivity to NH44 and NH48
- Approx 8 to 10 Plug-n-Play Facilities (into 20-25 acres each)
- Land Parcels from 5000sft to 20000sft for start-ups through leasehold, outrate, sale, or equity-sharing models.
- 150 meters wide connecting internal roads, co-working spaces, residential segments, Educational Institutions, as well as State-of-the-art Offices.The
Govt. of Karnataka is also in the planning stage for the expansion of 5 more mini KWIN Cities, those areas are marked as;
- Vijayapura – Close to Old Madras Road and Hoskote on NH75
- Hubballi-Dharwad – North Karnataka.
In-depth details are expected in the coming days towards Investments in Karnataka Summit, as per the Karnataka Minister.
About KWIN City
In September, Karnataka CM Siddaramaiah also launched the KWIN City project, which stands for;
K – Knowledge
W – Wellbeing
IN – Innovation
According to the Government of Karnataka, KWIN is a parallel city to Bengaluru, offering similar growth and opportunities in all sectors within an accessible distance of the Karnataka capital. After considering all these scenarios, the State Government rounded off the area between Doddaballapur and Doddaspete, which are hardly within a 60km distance from IT City Bengaluru. This project is supposed to be built on 2000 acres of land, which is connected to the Satellite Town Ring Road (STRR Bangalore).
Overall, KWIN City will similarly contribute to India’s GDP in all perspectives including Bangalore Real Estate and job creation.
Key Takeaways
- Karnataka Minister MB Patil announced the development of SWIFT City to enhance Bengaluru’s startup ecosystem.
- SWIFT City will span over 1000 acres near Sarjapur, featuring excellent connectivity and proximity to IT hubs.
- The project will include plug-and-play facilities, diverse land parcels for startups, and modern infrastructure.
- Karnataka plans to expand with five more mini KWIN Cities to support economic growth.
- KWIN City, launched recently, aims to provide growth opportunities similar to Bengaluru, covering 2000 acres.
- Lot more ways for Bangalore Real Estate developments