Karnataka Clears 24 Projects with Rs 10,858 cr Investment

As many as 24 mega projects with total estimated investment of Rs 10,958 crore were cleared by Karnataka’s state high level clearance committee at a meeting chaired by chief minister B S Yeddyurappa on Wednesday.

The projects when implemented are expected to provide direct employment to over 60,000 people with huge indirect employment generation potential.

Bangalore is expected to have another five-star hotel with clearance granted to Trishul Developers to build a five-star hotel and service apartment at a cost of Rs 119.31 crore. Proposals for building a luxury hotel and service apartment by City View Bangalore Properties Pvt Limited at a cost of Rs 971 crore and also for setting up a luxury hotel in Bangalore Rural District at a cost of Rs 51.75 crore and a resort in Uttara Kannada district at a cost of Rs 100 crore were also cleared.

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