BDA budget turns out to be a confession

The dismal performance during the previous year has forced BDA to explain in detail why it was unable to mobilise resources as planned in the budget, leading to a huge deficit of Rs 281 crore. However, it has not clarified why there has been a delay in the formation of Nada Prabhu Kempe Gowda and Dr Shivarama Karanth Layouts.

Though the real estate market had picked up in the previous year - which was evident with the increased revenue from Stamps and Registration to the State government - BDA was not able to auction sites in old layouts to mobilise resources. It had set a target to raise Rs 1,100 crore through auctioning in 2010-11 to take up development projects. But it was able to get only Rs 150 crore.

The BDA was in the thick of controversy recently over illegal and reckless allotment of several ‘G’ category sites by the government to influential people, including Chief Minister Yeddyurappa’s kin.

 Promises for 2011-12

- Formation of Nadaprabhu Kempe Gowda, Dr Shivarama Karanth and Arkavathy layouts (Rs 1,758 crore)
-  Peripheral Ring Road (Rs 831 crore)
-  Rs 258 crore for ongoing projects
-  Rs 154 crore for houses for Economically Weaker Sections
-  Rs 14 crore for development of 13 lakes

NEW PROJECTS

-  Two level grade separators at junction of ORR and Bangalore-Mysore Road near Nayandahalli, providing infrastructure to BRTS along ORR and development of eight roads in BBMP area at a cost of Rs 369 crore
-  Planting one crore seedlings in green belt area, formation of 12 parks and recreation centres, four elevated roads and road over drains at a cost of Rs 210 crore
-  Rejuvenation and development of 29 lakes and construction of sculpture park at a cost of Rs 33 crore
-  Re-development of four markets - Jayanagar, Malleswaram, Seshadripuram and K R Puram - at a cost of Rs 409 crore
 

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