On Sunday, Marib Holdings LLC, a company based in Abu Dhabi, revealed plans to develop a "space city" in the Chikkaballapur district. This district is approximately 90 kilometers from Bangalore. The company plans to invest Rs.18,400 crore ($4 billion) in this ambitious project.
The project received approval from the state government on Saturday. It will encompass both residential and business components spread over an area of 1,600 acres. Additionally, an entertainment theme park modeled after Disneyland will be included.
The project will feature:
- Exhibition centers
- A science and technology park
- Malls and media-linked events
In total, the project will include 7,200 residential units, a city center consisting of a fashion hub, media city, exhibition halls, media design centre, and techno city. Furthermore, it will include star hotels, a convention centre, offices, and an exhibition hall in the free zone office tower.