From ET Realty
BENGALURU: When Andhra Pradesh chief minister N Chandrababu Naidu spoke of a vision called Amaravati, the new capital city of redrawn Andhra Pradesh, he wanted to strike an emotional chord with the people on the banks of Krishna river.
He claimed Amaravati will be constructed by the people, for the people with a sense of ownership and pride among the citizens. The result: A massive land pool was created for its construction. With an aim to emulate this concept for developing the satellite township of Bidadi, a team from the Bangalore Metropolitan Regional Development Authority (BMRDA) recently visited the proposed site of Amaravati.
With the implementation of the Land Acquisition Bill, 2013, the cost of land acquisition has nearly quadrupled leaving the state government with a serious constraint of acquiring land for Bidadi township.
A notification has been issued for the project that was conceived in 2006-07 and was to be constructed by real estate developer the DLF, which withdrew from it two years later. Neither the government nor the BMRDA has the funds to acquire over 6,336.33 acres of private land. The Amaravati model will now be pressed into action for land acquisition.
BMRDA sources said the proposed township will see the government increasing the share of private land losers to 60 per cent of the developed land instead of 55 per cent under the PPP model. The additional five per cent of the developed land is part of the strategy to ensure that no land loser is left disappointed without a cash component.
“We will hold on to the central part of the township which will be developed on revenue land and around lakes,” a BMRDA official said. The township may take at least five years to be completed. Meanwhile, the land pooling will also be implemented for construction of the ambitious 380 km Satellite Township Ring Road (STRR), connecting five satellite towns around Bengaluru and the 65-km peripheral ring road (PRR).