Bengaluru Landowners Voluntarily Transfer Properties to BDA for Business Corridor Project
In a significant development for Bengaluru's urban infrastructure, landowners have officially handed over their properties to the Bangalore Development Authority (BDA) to facilitate the construction of the Bengaluru Business Corridor. This move comes after the authority successfully negotiated and provided a comprehensive compensation package to the affected property owners.
Comprehensive Compensation Package Offered by BDA
The BDA has implemented a multi-faceted compensation strategy to ensure fair treatment for landowners. The compensation package includes several attractive options designed to address the diverse needs and preferences of the property owners.
- Cash Compensation: Direct monetary payments to landowners as part of the settlement.
- Developed Commercial or Residential Sites: Allocation of ready-to-use plots in designated areas for commercial or residential purposes.
- Transferable Development Rights (TDR) Certificates: These certificates allow landowners to transfer their development rights to other properties, providing flexibility and potential financial benefits.
- Additional Floor Area Ratio (FAR): Enhanced building rights that permit increased construction on remaining or alternative properties.
Implications for Bengaluru's Urban Development
This property transfer marks a crucial step forward in the Bengaluru Business Corridor project, which aims to boost economic growth and improve connectivity in the region. The voluntary handover, facilitated by the equitable compensation package, is expected to streamline the development process and minimize delays.
The BDA's approach sets a precedent for future urban development projects in India, demonstrating how authorities can collaborate with landowners through transparent and beneficial compensation mechanisms. This initiative is likely to enhance Bengaluru's position as a leading business hub in South India.
Published on 29 January 2026, 20:26 IST, this development underscores the ongoing efforts to modernize Bengaluru's infrastructure while ensuring the rights and interests of property owners are adequately protected.
