It agrees to provide a bank guarantee to a tune of ₹7,500 crore to the project that will entail acquisition of 7,404 acres in nine villages of Ramanagara taluk in Bengaluru South district
The much-needed registration follows the proposal of an ambitious ₹1,766 crore project to develop a township, located 1 km from the newly-formed Tiruchanur railway station, 5 km from the Renigunta railway junction, and 9 km from the Tirupati international airport