The Deccan Herald 05.10.2010
Property losers to get more money
People who stand to lose their property for the Kadirenahalli underpass have some tidings of joy. The Bruhat Bangalore Mahanagara Palike is contemplating to hike the compensation amount from Rs 1,600 to Rs 1,950 per square foot.
The project that should have been completed a year ago is still far away from completion. Earlier, it was a huge rock that came in the way to the project and now property acquisition process has emerged as a road block. Of the 44 properties listed for acquisition for the project, only five property owners have come so far to receive the compensation. Remaining owners were upset with the variation in the quantum of compensation.
For, different kinds of properties come in the way of the project. There were BDA sites, revenue sites and also houses allotted by the Housing Board. Considering the nature of properties, the BBMP was offering varying amounts as compensation, which the owners were reluctant to accept, said the BBMP sources. The BBMP then agreed to pay a compensation of Rs 1,600 per square foot, but the property losers were not ready for it.
Finally, the BBMP has agreed to pay a compensation of Rs 1,950 per square foot to the 39 property losers. It was also learnt that the BBMP convinced the property losers to accept the hiked amount. Now, the BBMP will have to shell out Rs 4.25 crore on acquiring private properties to clear the project. A source said that underpass would be ready by December end provided the acquistion was completed within the next 15 days. Currently, a portion of the service road is opened whereas a retaining wall has to be constructed.
