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
To bharat with love, GOD IS POWERFULL not GODSSSSSSS...there is no meaning if there is multiple god..see the real meaning of GOD
Na Tasya Pratima Asti
Nobody will force. But all are doing in a spirit. In a celebration mood
enchina maraya, undu reportun odula
Why you are dragging God to this. If its God's decision nobody can restrict that. Gods are powerful
RIP
Inna Lillahi wa inna ilayhi raji'un
I think, its not the mistake of that boy. Usually procession and immersion will be over crowded. That may be the reason
If he is not an expert in swimming then why he went? anybody forced him to do?
Please don't sensationalise the sad incident
Why God cant save that schoolboy..!
Add new comment