Manyata Promoters is planning to set up a new IT park project at Nagavara, Rachenahalli and Thannisandra villages in Bengaluru. The project involves developing an Information Technology Park and allied infrastructure; hotel, convention centre, retail and commercial space. The project is estimated to cost Rs.561 million. As of May 2016, the Karnataka government approved the investment proposal during the 44th state high level clearance committee meeting.