HomeLatestBDA to Develop 50,000 Residential Sites Along Bengaluru's PRR-2

BDA to Develop 50,000 Residential Sites Along Bengaluru’s PRR-2

BDA to Develop 50,000 Residential Sites Along Bengaluru’s PRR-2

The Bengaluru Development Authority (BDA) is set to embark on an ambitious project to develop six residential layouts with a total of 50,000 sites along the proposed Peripheral Ring Road (PRR)-2. This road, designed to link Hosur Road to Bengaluru-Mysuru Road, will pass through key areas such as Bannerghatta and Kanakapura roads. This development is part of BDA’s long-term plans to address Bengaluru’s growing housing demand and improve urban connectivity.

According to BDA commissioner Jayaram N, the high cost of acquiring land has been a major challenge for the authority. “The cost of acquiring land is very high, and our land acquisition act is not very compensation-friendly,” he explained. To navigate these challenges, BDA has adopted a public-private partnership (PPP) model for the project. This model aims to ensure fair compensation for farmers who will be providing land for the development. The project will require the acquisition of approximately 3,000 hectares of land, including both government and private land. However, the exact compensation rates for the landowners have not yet been finalized. As part of the compensation strategy, farmers providing land will receive plots in the same layouts they contribute to, following a 40:60 ratio for compensation.

Currently, BDA is in the preliminary stages of identifying the required land, with surveys and assessments underway. Special teams led by land acquisition officers are gathering essential details about landholders and other relevant issues. The BDA is also working to ensure that the land acquisition process is smooth and fair for all involved. PRR-2 is one of the two key legs of the Bengaluru Business Corridor, with the other leg, PRR-1, planned to connect Tumakuru Road to Hosur Road. The 30-kilometer-long PRR-2 will be flanked by commercial plots extending 24 meters on either side, which will help create a vibrant commercial ecosystem alongside the residential development. The BDA has stated that the draft notification for land acquisition for PRR-2 is already prepared. The process of land acquisition is expected to be completed in the next 6-8 months, with the entire project, including the construction of the road and associated layouts, set for completion within two years. This project is expected to meet the growing demand for residential plots in Bengaluru while addressing infrastructure challenges. With a population of over 12 million, the city is grappling with a housing crisis, and the development of new layouts along PRR-2 is a crucial step in easing the pressure.

RELATED ARTICLES
- Advertisment -spot_img

Most Popular

Recent Comments

Mumbai Railways To Lease Mahalaxmi And Bandra Plots Earning Rs 6k Crore Revenue

Mumbai Railways To Lease Mahalaxmi And Bandra Plots Earning Rs 6k Crore Revenue

0
Mumbai is poised for a fresh wave of real estate activity as Indian Railways prepares to lease two of its prime land parcels in...
Bollywood Actor Hrithik Roshan Rents Sea Facing Apartment To Girlfriend Saba Azad for Rs 75000 per month

Bollywood Actor Hrithik Roshan Rents Sea Facing Apartment To Girlfriend Saba Azad for Rs...

0
Bollywood actor Hrithik Roshan has leased his sea-facing luxury apartment in Juhu to his partner Saba Azad for Rs 75,000 per month. The arrangement,...
MHADA Extends Deadline For 5,285 Flats, 77 Plots In Thane, Vasai Till September 12

MHADA Extends Deadline For 5,285 Flats, 77 Plots In Thane, Vasai Till September 12

0
Affordable housing seekers in Thane and Vasai have been given additional time to secure a home under the Maharashtra Housing and Area Development Authority’s...
SAIL Supplies 8000 Tonnes Critical Steel for Udaygiri and Himgiri Frigates

SAIL Supplies 8000 Tonnes Critical Steel for Udaygiri and Himgiri Frigates

0
The Steel Authority of India Limited (SAIL) has reinforced India’s stride towards defence self-reliance by supplying nearly 8,000 tonnes of critical-grade steel for two...
Property Prices Rise in 45 Cities as Home Loan Rates Ease in Q1 FY26

Property Prices Rise in 45 Cities as Home Loan Rates Ease in Q1 FY26

0
Property prices across India witnessed a broad-based upswing in the first quarter of FY26, with 45 of the 50 monitored cities recording annual appreciation,...