The Karnataka Government has begun land acquisition process for the upcoming IT-Investment Region (ITIR) near Devanahalli in Bengaluru.

The proposed ITIR is likely to be developed in phased manner. The state government has started land acquisition of 2,000 acre for the Phase I of the project. In the Phase II, it is likely to acquire about 8,000 acre.

The state government is planning to develop the ITIR on 10,000 acre with an investment of about Rs 2,00,000 crore in two phases. In the Phase I, an integrated IT city with all physical and social infrastructures will be developed at an investment of Rs 40,000 crore in three to four years. The Phase II works will involve an investment of Rs 1,60,000 crore and will be implemented in 10 to 15 years.

Karnataka State Electronics Development Corporation is the nodal agency for the ITIR and US based Deloitte had prepared the DPR.