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.
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Dear Hameed, this guy is mental and doest not know what is he uttering. Hence, please neglect him. He is semi crack. He is a cheater. Congress gave him a lot, but he betrayed the party. He is a gaddar.
Who the hell this guy is who has no moral character. He is a chappal licker of political parties. He has cheated congress who gave him many chances like CM. He is a cheater. I dont think anyone is listening to him. He is like a dog of street. None is taking him in their party due to his illogic and iresponsible speeches. It seems as if he is getting mad. It will be better for him to consult any doctor. He has cheated people of karnataka. We reject him and wish him to be kicked out of karnataka.
What to say ....
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