Site is in the area of newly launched Finance City backed by govt of Karnataka and India.

Refer to this link ... http://articles.economictimes.indiatimes.com/2012-04-08/news/31308335_1_financial-city-pranab-mukherjee-foundation-stone
"BANGALORE: Finance Minister Prarnab Mukherjee on Sunday laid the ...

BMRDA approved 40 X 60 site for sale in SLN City,Magadi Road
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Layout:- SLN City. 2500 aces, 25000 sites. On 300 feet Satellite Town Ring Road. Plot allocated through Govt Employees Housing Co-op Society.
Developer ...