Q: Which is the toughest institute to get into?
A: IIM-Bangalore. BBMP has finally issued tenders for widening Bannerghatta Road; coupled with Metro soil testing work, the road is likely to become a nightmare.
If everything goes according to plan, then nearly a decade after it was mooted, the widening of Bannerghatta road will finally take place.
But though BBMP is all set to widen the road to 150 feet, property owners along the road believe that 120 feet will be more than enough. Property owners are all set to take on the BBMP, insisting that they opt for 120 feet width; both the BBMP and the state government, however, have already green-lit the 150 ft project.
In reality, however, the road-widening project will boost local real estate rates, what with the metro project also set to straddle the route.
This will make life hell for motorists who already face a torrid time negotiating it during the peak hours. The BBMP has invited tenders for road-widening from Jedimara junction (on ORR) to Koli Farm Gate junction, at an estimated cost of Rs.135 crore.
Some of the landmark properties of which a part will be acquired are Indian Institute of Management – Bangalore (IIM-B), Fortis Hospital and Apollo Hospital.
The land owners have agreed to surrender their properties and accept TDR certificates. One of the engineers attached to the project has said that a detailed project report is ready and funds have been allocated in the budget to start work (Bommanhalli zone, Major Roads).
“Almost all land owners have expressed their concern over adopting Transfer of Development Rights (TDR) but there is still confusion over who will issue it.” He said: “The rules for the new TDR have included a correction in the valuation to encourage property owners to give up land required for infrastructure projects. There was a demand from local residents to increase the floor area ratio on TDR from existing 1.5 to 2 levels, which has been given the nod by the state government. Still, however, confusion remains on which department will issue the TDR as there are no specific guidelines issued by the government on whether the BBMP or the BDA will issue it.
Credits Bangalore Mirror