The Bangalore Development Authority begins acquiring land for the 74-km Bengaluru Business Corridor, offering five compensation options to landowners while facing opposition from some farmers and local leaders.
The Bangalore Development Authority (BDA) has initiated the final phase of land acquisition for the ambitious 74-km Bengaluru Business Corridor (BBC) project, despite resistance from certain landowners and farmers. The authority has requested that landowners select one of five compensation options within a month. The BDA aims to secure at least 80% of the required land within four months.
According to LK Ateeq, Chairperson of Bengaluru Business Corridor Ltd, Special Land Acquisition Officers (SLAOs) will start contacting landowners from Monday.
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The five compensation options include:
1. Cash payment
2. Transferable Development Rights (TDR)
3. Additional Floor Area Ratio (FAR)
4. Developed residential land
5. Developed commercial land along the expressway
While cash compensation is less attractive due to the suppressed guidance value, many farmers are expected to opt for residential or commercial land. TDR and FAR options are likely to appeal to real estate stakeholders and those with political influence.
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The 74-km expressway will feature eight main lanes, 30-foot-wide two-lane service roads on both sides, a cycle track, and a wide median for a future metro corridor. A total width of 65 metres has been planned, with an additional 35 metres allocated to provide developed plots to farmers choosing land-based compensation.
A total of nine SLAOs are managing the process. BDA has approved the price fixation report and is awaiting certain state government clearances. The expressway will connect NICE Road at Electronics City and BIEC at Madavara, eventually linking with the Major Arterial Road (MAR) and Peripheral Ring Road-2. Around 5,000 landowners have been notified and will receive letters detailing their land and compensation options.
However, several landowners have opposed the proposed terms and are demanding compensation under the 2013 Land Acquisition Act, with some planning to approach the high court seeking fair market value.
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