Developers are gearing up to bid for the £245m Commonwealth Games village in Glasgow.

Local developer Charles Price has formed a consortium with Mace, Caledonian Building, Woogar Hunter and Ian Simpson Architects, hoping to win the competition to develop 1,500 homes.

It is understood that Quintain, Lend Lease, Amec and AIG, Gladedale Homes and Cala Homes have also all expressed an interest in bidding for the site.

Price, who is also developing a £125m six-star hotel in Glasgow, plans to build eco-houses using modular construction.

He said: “I would like to make the village the leading ecological development of its type.”

Glasgow council is shortly to launch the search for developers, contractors and architects to bid for the village. After the Games, it will be converted into housing.

A source said: “People are waiting for the Official Journal notice to go out to understand what’s going on, but there is a lot of interest.”

A developer is likely to be selected by November of this year, with work on site starting in 2010.