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Karnataka Clears 117-Km Bengaluru Business Corridor With HUDCO Funding and Two-Year Build Target

Officials pair HUDCO financing with a land‑based compensation menu to accelerate acquisition, keeping litigated plots from stalling work.

Overview

  • The Bengaluru Development Authority will build a tolled corridor linking Tumakuru Road and Mysuru Road via Yelahanka and Electronic City, positioned as an alternative running parallel to NICE Road.
  • The design trims the notified width to 65 metres with service roads, reserves 5 metres in the median for a future metro, and returns about 35 metres as developable land to affected owners.
  • Landowners can opt for cash at twice guidance value in urban stretches and three times in rural stretches, or choose TDR, additional FAR, developed commercial plots, or BDA residential sites, while those losing under 20 guntas receive cash only.
  • The state plans a ₹27,000‑crore HUDCO loan to finance the project, with officials indicating costs could fall toward ₹10,000–₹17,000 crore depending on land‑for‑value uptake by owners.
  • The government says it will not de‑notify land and will deposit compensation for disputed parcels in court to avoid delays, projecting about a 40% reduction in traffic entering the city after completion.