<p>The state Cabinet on Wednesday approved BMRCL’s proposal to lease its vacant land to raise funds for Metro Phase II works.<br /><br /></p>.<p>Law and Parliamentary Affairs Minister T B Jayachandra told newsmen that the land lease period would be for a maximum of 60 years, for commercial purposes.<br /><br />He said bidders who want to take the land on lease for commercial purposes have to create parking spaces.<br /><br />The lands available are: Yeshwantpur - 1 acre; Peenya - 5 acre; Jalahalli - 1.5 acre; Nagasandra - 14 acre; Mysuru Road - 6 acre; Banashankari - 5 acre; Baiyappanahalli - 8 acre; Swami Vivekananda Road - 2.01 acre. <br /><br />The minister said it would not be possible to estimate the total amount that can be raised by leasing land.</p>
<p>The state Cabinet on Wednesday approved BMRCL’s proposal to lease its vacant land to raise funds for Metro Phase II works.<br /><br /></p>.<p>Law and Parliamentary Affairs Minister T B Jayachandra told newsmen that the land lease period would be for a maximum of 60 years, for commercial purposes.<br /><br />He said bidders who want to take the land on lease for commercial purposes have to create parking spaces.<br /><br />The lands available are: Yeshwantpur - 1 acre; Peenya - 5 acre; Jalahalli - 1.5 acre; Nagasandra - 14 acre; Mysuru Road - 6 acre; Banashankari - 5 acre; Baiyappanahalli - 8 acre; Swami Vivekananda Road - 2.01 acre. <br /><br />The minister said it would not be possible to estimate the total amount that can be raised by leasing land.</p>
