The project, coming up in Kharghar, will be spread over 200 hectares, including around 80 hectares of central park and golf course. The actual corporate hub will be on 125 hectares of land.
"We have planned to develop a corporate sector hub on the lines of BKC in Mumbai. We call this project BKC-2 and we are in the design stage.
"We expect that in the next six months, we will be able to finalise it, following which we will plan the development," City and Industrial Development Corporation (Cidco) Managing Director Sanjay Bhatia told reporters on the sidelines of Smart Cities Summit here.
"We expect an FSI of 3 for the development of this project. However, we will now send the proposal to the government," he said.
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Explaining the development model, Bhatia said land parcels will be auctioned to corporates, like it was done in BKC Mumbai.
"We have decided to first give preference to public sector undertakings (PSUs) for allotment of land. Once we get a fixed price, we will then be able to auction the land to the private sector," he said.
Four bidders had qualified, but one of them -- the consortium of Hiranandani Group and Zurich Airport -- was denied security clearance by the Union Home Ministry.
The three qualified bidders include GMR Group, the GVK Group's Mumbai International Airport, and Tata Realty-MIA Infrastructure consortium.
"We have approached the Maharashtra chief secretary-led project monitoring and implementation committee (PMIC) for approval to proceed with the financial bids.
"After its approval, we will go to the state Cabinet for clearance. We expect these nods to come within the next 15 days and by next month, we will be able to invite RFPs," he said.