Hyderabad-based Gulf Oil Corporation, a Hinduja group company, has received approval from the Karnataka Udyog Mitra to build a mixed use information technology park on its 40-acre plot at Yellahanka.The park will also provide hotel/ services apartments, retail space, multiplexes and other facilities.The approved master plan, prepared by the Indian arm of Singaporean architects, RSP Architect Planners and Engineers, is for a total area of 5 million square feet. The facility is situated 7 kms from the new Bangalore International Airport, on the Bangalore-Hyderabad National Highway (NH-7).The company stated that the park will provide full facilities needed by knowledge industry players. The supporting infrastructure for hospitality, shopping and entertainment will have an international ambience and a futuristic model.The actual development of the park will be jointly done by the company and Aasia Properties Development (APDL), which is the Hinduja group's property arm.Gulf Oil is also planning to develop a knowledge city at Hyderabad spread over 100 acres. This plan has been conceptualised and necessary approvals sought from the Andhra Pradesh government.