Bangalore Development Authority 30,000 Sites Available for Sale
The Bangalore Development Authority (BDA) has estimated that more than 30,000 sites of various dimensions will be available for sale in the proposed Dr. K. Shivaram Karanth Layout. To develop the layout, the development authority is acquiring 3,500 acres of land spread across 17 villages in Yeshwantpur hobli, Hessaraghatta hobli, and Yelahanka hobli of Bengaluru North taluk. BDA Commissioner Rajesh Gowda said the land notified for formation of the Layout, an award for compensation was issued for 1,500 acres. “Land owners can either opt for monetary compensation or developed land in a 40:60 ratio. Owners of farmland are showing interest in development of the land as compensation,” said Mr. Gowda. The acquisition process is expected to be completed in the next one to two months. The BDA will then float a tender for the formation of the layout and infrastructure work. “As per our estimate, we may get 35,000 sites of various dimensions, including allotments for the economically weaker section,” the official added.
Tags : News/Views Infrastructure Bangalore Development Authority Bengaluru North Taluk BDA Commissioner Compensation Land Owners