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Revitalization of City Core Revitalization of City Core Petta Zone, Bangalore Final Pre-feasibility Report Infrastructure Development Corporation (Karnataka) Limited Infra House, 39, 5th Cross, 8th Main, RMV Extension, Sadashivnagar, Bangalore – 560080 Ph: 91 – 80 – 23613014 / 15; Fax: 91 – 80 – 23613016 Foreword While most of the cities in India have been concentrating on their conventional infrastructure requirements, many cities are still discovering how to deal with the challenge of urban renewal in a broader sense. Many cities in the region have old or historic inner-city areas of considerable historic and cultural value. These city centers are not only valuable old assets but opportunities for revitalization of local economic development and national cultural identity. Inner-city areas and urban heritage assets can become important opportunities for public and private investments with a good potential for bankable and profitable public–private partnership projects. The City core or Petta occupies a very significant place in the historic context of Bangalore. As the largest informal economy of the city, trade and commerce is its primary activity. It has served as the main business centre for Bangalore in the post-independence era. Government of Karnataka intends to revitalize the Petta area. This study explores various approaches, options of revitalization and possibility of taking up the revitalization under PPP framework. Revitalization of City Core, 2 Bangalore Petta Zone Contents INTRODUCTION ..................................................................................................... 7 1. About the Project ................................................................................................ 7 1.1 Objectives of the Study ......................................................................................... 8 1.2 Approach & Methodology ................................................................................ 8 SECTOR PROFILE ............................................................................................... 10 2. Overview ............................................................................................................. 10 2.1 Need for Revitalization ................................................................................... 11 2.2 Issues .................................................................................................................. 11 PROJECT CONCEPT ........................................................................................... 12 3. Project Description ............................................................................................ 12 3.1 Existing Land Use ............................................................................................ 12 3.2 Social Index ....................................................................................................... 14 3.3 Physical Infrastructure .................................................................................... 14 3.4 Components of the Project .............................................................................. 16 LEGAL FRAMEWORK ......................................................................................... 18 4. Legal Framework ............................................................................................... 18 4.1 Background ....................................................................................................... 18 4.2 Legislations ....................................................................................................... 18 4.3 Conclusion ......................................................................................................... 22 ENVIRONMENTAL AND SOCIAL IMPACT ......................................................... 23 5. Project Cost ....................................................................................................... 24 5.1 Assumptions ..................................................................................................... 24 5.2 Capital cost ........................................................................................................ 24 5.3 Operation & Maintenance cost ....................................................................... 25 OPERATING FRAMEWORK ................................................................................ 26 6. Overview ............................................................................................................. 26 6.1 Indicative Project Structure............................................................................. 26 6.2 Internal risks and the possible mitigation measures................................... 28 WAY FORWARD ................................................................................................... 30 7. Project Development Needs .............................................................................. 30 7.1 Development Approach .................................................................................. 30 Revitalization of City Core, 3 Bangalore Petta Zone 7.2 Government Obligations ..................................................................................... 32 7.3 The Development Timeframes ............................................................................ 33 ANNEXURE-1: BRIEF HISTORY OF PETTA AREA ........................................... 34 ANNEXURE 2: CASE STUDY FOR REVITALIZATION OF CITY CORE ........... 37 Hanoi, Vietnam .................................................................................................................. 37 Planning Initiatives .......................................................................................................... 37 Revitalization Initiatives ................................................................................................. 38 Real Estate…..... ................................................................................................................ 38 Revitalization and Real Estate Development ............................................................... 40 Urban Heritage ................................................................................................................. 43 Revitalization Initiatives ................................................................................................. 45 Public–Private Partnership for Upgrading Housing Ancient Quarter .................... 46 Residential Environment ................................................................................................. 50 Condition of Urban Infrastructure ................................................................................ 51 Revitalization of City Core, 4 Bangalore Petta Zone List of Figures Figure 1: Petta Area in relation to Bangalore City. .................................................................... 7 Figure 2: Layout of Petta area ................................................................................................... 8 Figure 3: Methodology Adopted ............................................................................................... 9 Figure 4: Historic Maps of Petta ............................................................................................. 10 Figure 5: Bangalore latest city map ......................................................................................... 12 Figure 6: Land use in Petta area ............................................................................................... 13 Figure 7: Traffic in Petta area .................................................................................................. 15 Figure 8: Process of Revitalization .......................................................................................... 16 Figure 9: Study Approach ....................................................................................................... 31 Figure 10: Historic Maps of Petta (Around 1710) .................................................................. 34 Figure 11: Historic Maps of Petta (Around 1881) .................................................................. 35 Revitalization of City Core, 5 Bangalore Petta Zone List of Tables Table 1: Details of Land Use ................................................................................................... 14 Table 2: Details of Urban Amenities ....................................................................................... 16 Table 3: Project Cost Assumptions .......................................................................................... 24 Table 4: Project Cost for improving roads and parking conditions. ........................................ 24 Table 5: Project Cost for Integrated revitalization of core ....................................................... 25 Table 6: O&M Cost for improving roads and parking conditions ........................................... 25 Table 7: O&M Cost for Integrated revitalization of core ........................................................ 25 Table 8: Infrastructure sectors and intervention level .............................................................. 26 Table 9: Infrastructure sectors and intervention level .............................................................. 28 Table 10: Development timeframe........................................................................................... 33 Revitalization of City Core, 6 Bangalore Petta Zone Introduction 1. About the Project Bengaluru Petta is the largest
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