<p>The Haryana Investment Promotion Board (HIPB) on Saturday terminated the joint venture agreement of Hotmail co-founder Sabeer Bhatia's proposed Nanocity project. The project was to come up in 11,138 acres land in Panchkula district in two phases - 5,000 acres and 6,138 acres.</p><p>The project despite its conceptualisation six years ago never took off, as the promoters were not able to procure any land.</p><p>The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) and Bhatia's Nano Works Developers Pvt Ltd were partners for the project.</p><p>Officials said it had been decided that the HSIIDC or Haryana Urban Development Authority (HUDA) would now explore the possibility of a viable project in the area, as a lot of spade work had been done with regards to the site selection.</p><p><a href="http://www.hindustantimes.com/business-news/CorporateNews/Haryana-board-terminates-Nanocity-project/Article1-944584.aspx">Keep reading...</a></p>