Bengaluru, Apr 14: Bracing for post-lockdown hard times, the Karnataka government on Monday decided to auction about 12,000 BDA sites and regularise unauthorised constructions across the state in a bid to shore up its already-thin finances.
"Some 12,000 corner sites (developed by Bangalore Development Authority, or BDA) are lying idle in Bengaluru. We hope to net about Rs 15,000 crore from the auction of the sites," chief minister BS Yediyurappa said after chairing a meeting with senior ministers and officials to discuss ways to raise funds.
"The Covid-19 pandemic has thrown Karnataka into a deep financial crisis. There's a need for such measures," the chief minister said in defence of the decisions.
The sites – mainly of 40x60ft and 50x80ft dimensions – are in nine layouts. Also, the state government will auction corner and vacant sites in layouts formed by development authorities in other major cities of Karnataka.
Industry experts said that in a tepid market, it wasn’t easy to find buyers for the sites, each of which costs about Rs 1 crore. The CM said, “Since it’s an open auction, I’m confident of a good price since corner sites are always in demand. If we don’t get the expected price, then we will stop the process.”
The meeting decided to fast-track disposal of the cases related to regularisation of unauthorised constructions pending before courts. “If courts decide these cases, then thousands of people will be relieved, besides helping the government in mobilising resources to take up development works,” the CM said.
The government hopes to get about Rs 4,000 crore from the layout-regularisation move.
The government decided to amend the law to allow hundreds of private and cooperative housing societies to allot residential plots.
Comments
Ha ha naren ....
Dear nothing happened...people are cool ...if khujlee...the majority of Indians are your brothers......Bhai relax.....no fools will burn notes till the last moment.......tax officials and auditors are giving plans to escape....burning is Bjps naatak...anyhow RSS was informed before and the changed Chaddeez to Pants with the black money they had......because khujlee was not....
hahaha faizhal bhai ... black money yella settle ment jora ? ... burnol business jora ? itch guard business thumba joranthe howda ...
looks like it is counterfiet currency , so they burnt , behind we can make out which area is that ... hahaha ... this area is dominted by one particular community ... so this type of things are expected as they got frustrated ... papa ISI handlers are at loss ...
Foolish BJP people just want to show public....see people started throwing away black money...ha ha....they are good in fooling their bhakts who are having the jai jai mantra..
Foolish people .... why to burn the currency .... Deposit 2 laks in each persons account and make it white .... Each family of 5 members can help to convert 10 laks black money in to white .... Instead of burning, donate to the poor people / relatives and advice them to deposit in their bank accounts .... 2 laks per person .... in this way, your headache is gone ... Indians got white funds and poor people / relatives are benefited .... So many benefits with one master stoke ... Naren, Bupa, kaisa hai idea ....
Should have distributed amongst poor people around....
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