Abiding by the Supreme Court’s order, around 3,564 acres of land in 12 villages will be acquired to develop the Shivaram Karanth Layout, said G Parameshwara, Bengaluru Development Minister.
Speaking to media after attending his maiden Bangalore Development Authority (BDA) board meeting, Parameshwara said a final notification to this effect would be issued soon.
We will extend all the help to judicial officer Keshav Narayan to look into the cases pertaining to the layout, the minister added. “On September 25, Chief Minister H D Kumaraswamy will allot 5,000 sites through the lottery system in order to ensure transparency in the allotment process,” he said.
Discount to buyers
“Five per cent discount will be given to individual BDA flat buyers, where sales are poor, especially on the Mysuru Road and bulk buyers (above 10 flats) will be given a 10% discount. This is being done as the BDA needs money for other projects,” Parameshwara said2,000 BDA flats will be given to the police department,” the minister said.
The Board agreed to BDA’s proposal to construct villas in Dasanapanahalli on Tumkur Road, at a cost of Rs 250 crore, he said. The Board members also cleared BDA’s proposal to create an innovative city, spread across 165 acres in Konnadasapura.
“Tenders will soon be called and Tenden Consultancy Service, the company which made the proposal, will prepare a detailed project report (DPR) after which the cost of the project will be known,” Parameshwara said.
To clear the doubts regarding the Indiranagar BDA Complex, Parameshwara said a meeting with Indiranagar residents and stakeholders will be called soon.
People’s voices will be heard and the BDA’s proposal will be tabled, he said.
The BDA will also soon start work on constructing a shopping complex in Banashankari 6th stage on six acres of land under the public-private partnership (PPP) model.
The meeting also discussed the long-pending Peripheral Ring Road project (PRR), he said.
The project is different from the elevated corridor. While elevated corridor improves the city’s traffic, the PRR will improve traffic congestion on the city outskirts. It will ensure at least 40% reduction in movement of buses and trucks, the minister said.
“The Japan International Cooperation Agency has agreed to fund Rs 5,000 crore for the project. But land acquisition is a problem. Each case will be reviewed and fresh talks with land losers will be held. Cash compensation
and TDR will be offered,” he said.