The Karnataka government has officially fixed the compensation rate at Rs 2.55 crore per acre for land acquisition under the Bidadi township project. The compensation structure has been formalized as the Bangalore Development Authority (GBDA) prepares to issue the final notification, following the state Cabinet's recent approval of the project.
Compensation Details
Landowners in Bidadi will receive Rs 2.55 crore per acre as compensation for their land. This rate has been determined after careful evaluation of market values and stakeholder consultations. The government aims to ensure fair compensation while expediting the township development.
Project Progress
The GBDA is now in the process of issuing the final notification, which will formally initiate the land acquisition process. The state Cabinet's approval marks a significant milestone, clearing the way for the project to move forward. Officials expect the notification to be issued within weeks, after which compensation disbursement will begin.
The Bidadi township project is a major urban development initiative aimed at decongesting Bengaluru. It includes residential, commercial, and industrial zones, along with infrastructure upgrades. The project is expected to boost economic growth in the region and provide housing for thousands.
Landowners have welcomed the compensation rate, though some groups have called for additional benefits. The government has assured that all grievances will be addressed through a transparent mechanism. Further announcements on the timeline for land acquisition and project implementation are expected soon.
