Bengaluru: Shivakumar announces 50% cut in guidance value for regularisation of BDA sites
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Bengaluru To resolve long-pending property-related grievances, Chief Minister D.K. Shivakumar on Monday announced a 50% reduction in the guidance value considered for calculating charges to regularise unauthorised houses built on land acquired by the Bangalore Development Authority (BDA).
Addressing the media after reviewing the BDA’s works, Mr. Shivakumar said that as the BDA completes 50 years, the government wanted to provide relief to those who had been living in houses built on BDA-acquired land for years.
This also comes in the backdrop of a lukewarm response from residents who have built houses on these lands. Even as the BDA is estimated to collect nearly ₹5,000 crore through this regularisation scheme, its multiple efforts since 2015 have failed to yield any results.
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