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PERIPHERAL RING ROAD PROJECT CONNECTING BANGALORE WILL BE READY WITHIN FEW YEARS


PRR-READY

The most ambitious 65-km Peripheral Ring Road (PRR) was announced by the government in 2005 is finally out of the box and the state and the central government will now execute the project through a Special Purpose Vehicle (SPV). The ministry of road transport and highways (MoRTH) has assured the state of investing 50% in this project.

Said Mahendra Jain, additional chief secretary to the urban development department: “A month ago, we got an offer from the Centre, saying it wants to contribute 50% to the project.The approval to form the SPV has already come from the state government. But we have not got any official assurance from the Centre so far. But the minister guided us to go ahead and form the SPV with our without the Centre’s involvement. “

The government will constitute a 15-member board to work out the details of the project.

The state government has roped in the Karnataka Urban Infrastructure Development & Finance Corporation (KUIDFC) to help get finances from the Centre and state for the SPV . The six lane expressway will be a tolled road. The BDA has also mooted a plan to double the Floor Area Ratio (FAR) in the 1.5km radius along the route, which will interest the real estate developers.

The primary reason for the delay in executing the project has been opposition from farmers from around 51 villages. Initially, the authorities notified 1,989 acres, of which it decided to acquire 1,920. The detailed project report (DPR) pegged the project cost at Rs 9,600 crore, out of which Rs 5,800 crore was earmarked for land acquisition; road building cost was estimated to be Rs 3,800 crore. Japan International Cooperation Agency (JICA) had agreed to pay for the road construction but not for land acquisition. This further burdened the state and dealing with farmers became tough. However, land acquisition cost has now swelled to Rs 8,100 crore and farmers have finally agreed to part with land if they are paid the compensation in full. Meanwhile, the project cost has escalated to Rs 11,200 crore, say officials.

Of the 100m road width, 75m will be developed into a six-lane highway . The remaining 25m strip will be used as a service road.

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PRESTIGE GETS THE BAD TASTE FOR ENCROACHMENT INDUSTRIAL LAND – SOLD BY JOY ICE CREAM – ENJOY


THE DISTRICT ADMINISTRATION HAS FINALLY FLOGGED THE HIGH AND MIGHTY-THE CREDAI`S NOTED BUILDER FOR HAVING BOUGHT THE INDUSTRIAL LAND FROM JOY ICE CREAMS VIOLATING THE ALLOTMENT AND SALE DEED CONDITIONS AND TRIED TO OBTAIN THE BUILDING PLAN AT SURVEY NO.42,PATTANDUR AGRAHARA, WHITEFIELD, BANGALORE.

THE STATE ADMINISTRATION HAS DONE A MARVELLOUS JOB IN RECOVERING A HIGHLY VALUABLE PROPERTY FOR VIOLATING THE CONDITIONS.

PRESTIGE IS NOT ALONE IN THIS SCAM.  VERY CLOSE TO PRESTIGE, THERE IS ANOTHER BUILDER, WHO HAS BUILT AND SOLD THE PROPERTY AND NONE OF THE RESIDENTS OR THE BUYERS ARE AWARE OF THE `BOMB` ON WHICH THEY ARE LIVING.

A SINGAPORE BASED REALTOR IS ALSO IN THE SAME BOAT, BUT, SOONER OR LATER, THE GOVERNMENT MAY WHIP HIM.

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LAND REVENUE DOCUMENTS AND STF- K.R.PURAM, VARTHUR,WHITEFILED,JALA HOBLI,BIDRAHALLY, ANEKAL, BANGALORE SOUTH- 14000 CASES OF FAKE/FABRICATED/ DOCUMENTS ARE UNDER INVESTIGATION


THE SPECIAL TASK FORCE SET UP BY THE STATE GOVERNMENT TO INVESTIGATE AND REPORT THE ENCROACHMENT OF GOVERNMENT LANDS HAVE STUMBLED UPON A MAJOR RACKET AND REPORTED THE SAME TO THE GOVERNMENT.  IT IS SAID THAT MAJORITY OF THE DOCUMENTS IN BANGALORE NORTH, A PORTION OF BANGALORE SOUTH, BANGALORE EAST(K.R.PURAM, VARTHUR, BIDARAHALLY AND HOSKOTE) AND ANEKAL AND BANGALORE RURAL(DEVANAHALLY) THE GRANT CERTIFICATES ARE FABRICATED AND FAKE. THE PROPERTIES ARE SOLD TO INNOCENT BUYERS ON THE BASIS OF THE ENDORSEMENT ISSUED FROM THE OFFICE OF THE DEPUTY COMMISSIONER OF THE APPROPRIATE JURISDICTION STATING THAT DOCUMENTS OR GOVERNMENT COPIES ARE NOT AVAILABLE.

BUYERS OF PROPERTIES(OF ALL TYPES/KINDS) INCLUDING APARTMENTS IN THESE AREAS MUST NOT BUY ANY PROPERTY WHICH IS BASED ON GRANTS(GOVERNMENT GRANTS), NEAR LAKES AND 14000+ FILES ARE UNDER SCRUTINY FOR VIOLATIONS OF KMC ACT,KLR ACT, KTCP ACT etc MUST EXERCISE UTMOST CAUTION AND A THOROUGH INVESTIGATION MUST BE CONDUCTED BEFORE BUYING THE PROPERTIES IN THE FOLLOWING AREAS. 

BANGALORE NORTH.

BANGALORE EAST FROM RAMAMURTHY NAGAR(ITI NOTIFIED AREA), K.R.PURAM, WHITEFIELD, VARTHUR, BIDRAHALLY AND HOSKOTE.

BANGALORE SOUTH, BANNERGATTA ROAD, KANAKAPURA ROAD AND ANEKAL.

BANGALORE RURAL, A PORTION OF NELAMANGALA, DODDBALLAPUR AND DEVANAHALLY.

OF LATE, IT IS FOUND THAT LEADING DEVELOPERS HAVE ENCROACHED NALA, GOVT LANDS, RAJAKLUVE AND EVEN BUILT APARTMENT IN GREEN BELT.