Business EconomyPosted at: Nov 10 2026 7:41PM


Modi's 2014 campaign land in Bengaluru's IT corridor eyes Rs 2,500-crore makeover

Bengaluru, Nov 10 (UNI) A land parcel associated with Prime Minister Narendra Modi's 2014 Karnataka election campaign is now at the centre of a proposed Rs 2,500-crore commercial development, with the Karnataka Industrial Areas Development Board (KIADB) granting a fresh six-year extension to Pash Space International Pvt Ltd to implement its long-pending project.
An interesting political dimension to the project is the role of its promoter, A Alam Pasha, a Muslim businessman, who said he had permitted the use of his land for a Modi campaign event in 2013. The association is a distinctive part of the property's history, which is now being projected for a major commercial transformation.
The proposed development covers 11 acres and 28 guntas at Chikkathoguru and Doddathoguru villages in Bengaluru South taluk, adjoining Electronic City, one of India's prominent technology and industrial hubs.
Electronic City is home to major IT, software services, electronics and manufacturing companies and has emerged as a significant employment centre. The project's proximity to the Hosur Road corridor, elevated expressway, NICE Road network and Namma Metro Yellow Line adds to its commercial potential.
The proposed mix of IT and software infrastructure, business process outsourcing (BPO), hospitality, healthcare, retail and serviced residences could cater to the established corporate ecosystem and the growing residential population in southern Bengaluru.
Pasha, managing director of Pash Space International, said the overall project was valued at around Rs 4,000 crore, including the value attributed to the land, and envisaged a fresh investment of Rs 2,500 crore over 30 months.
He said the company planned to invest Rs 500 crore in the first year and Rs 1,000 crore each in the following two years. He claimed the entire investment would be funded through the company's own equity and cash resources, without bank loans or institutional financing.
Projecting the economic impact, Pasha estimated 500 direct jobs and around 10,000 indirect employment opportunities. He also projected annual rental income of Rs 400 crore and tax contributions exceeding Rs 100 crore once the project became operational.
He further projected annual returns on investment of 20 to 30 per cent. These investment, employment, rental income, tax and return figures are company projections and have not been independently confirmed by KIADB.
The project's history dates back to November 2003, when the State Level Single Window Clearance Committee (SLSWCC) approved the original proposal for IT, software development and business process outsourcing infrastructure on 12 acres and 10 guntas.
KIADB subsequently allotted 11 acres and 28 guntas to the company in November 2004 and handed over possession in phases. In February 2006, the SLSWCC approved an additional proposal for a five-star hotel with 125 rooms, a restaurant, conference facilities and recreational infrastructure on 4 acres and 29 guntas.
The company later sought to expand the proposed activities to healthcare, hospitality, retail, serviced residences and housing.
Pasha attributed the prolonged delay in implementing the project to difficulties in securing the required land and obtaining cooperation from successive state governments.
The fresh 72-month extension has been granted under Clause 10(a) of the lease-cum-sale agreement executed on December 3, 2004, and the rectification deed dated April 28, 2005. The decision followed the company's request dated November 15, 2025, and takes into consideration a Karnataka High Court order dated March 15, 2023, in W.P. No. 594/2023.
KIADB has cautioned that failure to implement the project within the extended period would invite action under the Board's norms. All other conditions of the original agreement and rectification deed remain unchanged.
The fresh extension gives the company another six years to translate its investment proposal into reality, potentially adding to the commercial infrastructure and employment opportunities in Bengaluru's Electronic City growth corridor.
UNI BDN
Tags: #Modi's 2014 campaign land in Bengaluru's IT corridor eyes Rs 2#500-crore makeover
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