After BMRCL loses Hebbal land battle, landowners slam KIADB over below-market compensation
"When the current market rate in the area is over Rs 60 crore per acre the same land parcel is being given away to private builders at dirt-cheap price. How can this even be allowed?," the land owners asked while wondering why deputy chief minister (Bengaluru development) DK Shivakumar and industries minister MB Patil couldn't preserve the prime land for future. BMRCL, which had earlier sought 45 acres in Hebbal for a multi-modal transport hub, suddenly changed its stand and scaled down its requirement to just nine acres.
Subsequently, KIADB decided to hand over the remaining land to private builders.
The land owners, who have been waiting for compensation, said they would prefer their land to be used for a metro project rather than handed over for real estate development if the rate offered is Rs 12 crore per acre. "There is something definitely fishy here. When the going rate for a flat in Hebbal is Rs 16,000 to 18,000 per sqft, the govt is giving the land to realtors at around Rs 3,000 per sqft.
In fact, a three-BHK flat is being sold for Rs 5-6 crore here," a land owner said.
Landowners called the valuation grossly unfair, accusing the agency of putting real estate interests ahead of the rights of the original owners.
You Can Also Check:
Bengaluru AQI
|
Weather in Bengaluru
|
Bank Holidays in Bengaluru
|
Public Holidays in Bengaluru
|
Gold Rates Today in Bengaluru
|
Silver Rates Today in Bengaluru
"KIADB is fixing a cheaper rate in favour of the real estate lobby and deceiving landowners who are yet to receive the compensation," said a property owner.
The land — once fertile farmland — was acquired by KIABD for a tourism project mooted by a private company.
The project never took off, and the company also failed to compensate the landowners.
Another property owner said: " The project is a non-starter, and for the past 20 years, the farmers have been awaiting compensation. The authorities should cancel the real estate project on our land and instead hand it over for the Namma Metro transit hub. In the interest of the city's future, the transit hub should be built — not another real estate development with skyscrapers.
Moreover, in the same area, BMRCL had earlier acquired land for the Metro project by paying Rs 21,000 to Rs 22,000 per sqft.
We want BMRCL to take over the land for their project."
M Ashwath Narayana, a property owner, said: "It would be better to transfer the entire land parcel for the Metro project instead of favouring the tourism company. We are hopeful that if BMRCL acquires it, farmers would get fair compensation." He added that Rs 12.10 crore per acre is an outdated rate, fixed by KIADB in 2023 without the consent of original landowners.
"KIADB should consult us before fixing the compensation," he said.
Bangalore Central MP PC Mohan termed the govt's move 'daylight robbery'. "It is against the interest of the public. We demand a thorough review. By denying land for a multimodal metro hub and giving it to private profiteers, the govt has crippled connectivity, worsened congestion, and compromised the city's long-term growth," he said.
Stay updated with the latest local news from your
city
on
Times of India
(TOI). Check upcoming
bank holidays
,
public holidays
, and current
gold rates
and
silver prices
in your area.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
26 minutes ago
- Time of India
Festive season & monsoon spike vegetable prices
Panaji: Prices of vegetables in Goa have been witnessing a gradual rise over the last couple of weeks amid an increase in demand due to the Hindu holy month of Shravan and the upcoming Ganesh Chaturthi. Tired of too many ads? go ad free now Prices have also been affected due to quality deterioration of produce during storage and transportation in the monsoon. Tomatoes have seen a rise from Rs 40 to Rs 50 per kg, while onion prices have also spiked from Rs 30 to Rs 40 per kg. Potato rates have also increased from Rs 30 to Rs 40 per kg. As the festival approaches, the prices are expected to increase further. Burhanuddin Mulia, a vegetable vendor at the Panaji municipal market, said prices fluctuate frequently due to the rainy season and the demand for the vegetables. 'The price of tomatoes was Rs 80 last month. It was Rs 40 two weeks ago, and now, it has risen to Rs 50. It really depends on the quality we get and the demand,' said Mulia. A major part of Goa's vegetable demand is met by supply coming in from Belagavi. But due to various reasons such as the cost of cultivation, the prices of locally grown vegetables have also risen. Three small locally grown ridged gourds, or a similar quantity of bitter gourds, are now sold for Rs 100. Mohammad Haris, a vegetable vendor at Panaji, said customers are not happy with the quality of vegetables. 'And with the price hike, it doesn't justify the amount they are paying,' he said. Consumers said that for leafy vegetables like methi, raddish, coriander, etc, the prices may not seem to have been hiked, but the size of the bunches has significantly reduced. The state horticulture corporation, on its part, has said that it is supplying vegetables at subsidised rates, but the number of its stalls may fall short of the demand. Tired of too many ads? go ad free now Satyender Chaudhary, a customer from Mala, said that high prices often lead him to buy vegetables in decreased quantities. 'The prices are always high. Even if it reduces by Rs 10, we still end up paying more for the quantity of vegetables we used to pay for before. It is unfair,' said a customer from Taleigao.
Time of India
26 minutes ago
- Time of India
New deadline for Curchorem Ravindra Bhavan
Margao: The much-anticipated phase II extension of Ravindra Bhavan in Curchorem is likely to be completed by Sep 31, the latest timeline set by the department of art and culture for completing all pending works. Official records reveal that while the amphitheatre and mini auditorium are structurally complete, interior works remain pending, preventing their immediate use. The project was plagued by multiple setbacks, including the Covid-19 pandemic's impact on manpower and material supply, design changes to the tensile fabric roof system for better structural stability, and contractor-related issues. Most significantly, the interior and allied works contractor was terminated in Dec 2023 due to poor performance, necessitating a fresh tendering process. Financial data reveals that the project's total cost escalated to Rs 27 crore, with Rs 24 crore already disbursed to contractors. The main civil, electrical, and firefighting works component, valued at Rs 20 crore, is 95% complete. However, interior works, originally worth over Rs 20 crore, remain only 50% finished under the new contractor arrangement. The audio-video systems installation is significantly behind schedule at just 30% completion, and doubts persist over its completion before the Sep 31 deadline. Notably, while major infrastructure components like CCTV systems and electrical metering are fully completed, the project's core entertainment facilities remain incomplete. The Rs 1.2 crore audio-video component has seen only Rs 75 lakh in payments, indicating substantial pending work that could further delay the project's operational readiness. The Goa State Infrastructure Development Corporation is overseeing the project through appointed project management consultants. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Economic Times
28 minutes ago
- Economic Times
Samsung expanding manufacturing portfolio in India: Ashwini Vaishnaw
Synopsis Samsung is increasing its manufacturing efforts in India, according to Union Minister Ashwini Vaishnaw. The company already has its second-largest mobile phone manufacturing facility in India and is the second-largest exporter of handsets. Samsung is also preparing to manufacture laptops in India and makes all smartphones it sells in the country. ANI Samsung Electronics South Korean electronics major Samsung is expanding its manufacturing portfolio in India, union minister Ashwini Vaishnaw said on Saturday. Globally, Samsung has its second largest mobile phone manufacturing unit in India and it is the second largest exporter of the handsets from the country after Apple. "Samsung continues to expand manufacturing of its advanced technology devices in Bharat, driven by talent and innovation. Its research unit in Bharat has more than 7,000 engineers," Vaishnaw said in a social media post. The minister on X posted a photo of his meeting with Samsung Southwest Asia, President and CEO, JB Park and Samsung Southwest Asia, Corporate Vice President, SP Chun. Earlier this year, Samsung Electronics President and Head of Mobile eXperience (MX) Business TM Roh had said the company is preparing for manufacturing laptops in India. The company continues to make all smartphones that it sells in India including latest flagship smartphones Galaxy Z Fold7, priced in the range of Rs 1.74 lakh to Rs 2.11 lakh apiece and Galaxy Z Flip7 which is priced in the range of Rs 1.09 lakh to Rs 1.22 lakh apiece.
