The proposed project will come up
near Ballahalli, which is nearly 15 km away from the heart of the city.
Under the scheme, the urban body will partner with farmers/property
owners for development of the new layout. MUDA will enter into an
agreement with the property owner to develop the layout and 40 pc of
sites will be given to the property owner.

This means less
investment by MUDA on purchase of bulk land to create layouts, which it
has been doing since decades. With boom in real estate, availability of
bulk land in the city area was difficult for MUDA as private developers
had blocked land by paying farmers/property owners an advance. Now that
MUDA has come forward to develop layouts on sharing basis, this may
benefit the property owners as they would get 40 pc of ready sites
without spending a pie.

Presenting MUDA budget 2013-12 on
Tuesday, MUDA commissioner CG Betsurmath said they have reserved Rs
37.67 cr for the development of layouts, including those under
site-sharing basis (40/60 basis) this fiscal.

“This is for the
first time that MUDA is developing a layout on site-sharing basis. We
are working out a plan to ensure its success,”,he said.

According to Betsurmath, they have identified nearly 700 acres in
southwest of Mysore near the village, which is next to Rabindranath
Tagore layout. “Owners having a total of 100 acres of land have come
forward for the project. We are awaiting government nod to proceed
further,” he said.

Under the scheme, MUDA will invest money to
develop the layout and take some 60 pc sites from them. Owners need not
spend money for land conversion and to develop infrastructure like
road, UGD, water and electricity. The commissioner, however, said MUDA
has not fixed specific amount on this score.

MUDA has reserved
Rs 37.67 cr for development of layouts. The fund has been increased from
a mere Rs 21.50 cr in 2012 and Rs 32.42 cr in 2011. The layouts
include: Lalithadrinagar I stage (north), Nalwadi Krishnarajawadiyar
Nagar, Swarnajayanthi Nagar, Lalithadrinagar II stage and Shanthveri
Gopalgowdanagar II stage.

Rs 540.90 cr budget

MUDA will be able to generate Rs 140 cr revenue from distribution of
sites in RT Nagar, Lalithadrinagar (north), Shathaveri Gowda and
Ballahalli process and Rs 150.95 cr from auction of corner and prime
sites, as against the projected Rs 540.90 cr budget this year. It is
also seeking revenue of Rs 70 cr from private layout developers and Rs
55 cr from distribution of CA sites.