BMTC to sell prime property to transport department?

Speaking to media, transport minister Ramalinga Reddy said, “The department had the proposal of buying land as it does not have its own building. The BMTC has quoted a price as per the guidance value. The estimated land cost is close to Rs 100 crore. At present the transport department is running from TTMC building of BMTC on a rental basis. The department had also proposed for purchase of existing building but BMTC have issues in selling the property. We will take a final call on the issue in coming days.”

The department which was earlier functioning from Multi Storied building, located adjacent to the Vidhana Soudha, was shifted to TTMC building of BMTC in Shantinagar almost three years back.

It is said that the department now pays a rent of Rs 1.48 crore to the BMTC.

Transport commissioner MK Aiyappa said, “Transport commissioner office is running on rental premises in the TTMC of the BMTC. The TTMC was funded by the central government and BMTC is not in a position to the sell it. We are in search of property in the central part of the city, as identified property is located in Shantinagar, we have shown the interest. Discussion is in progress on buying the property but the nothing has been finalized yet.”

BMTC MD Ekroop Kaur said the sale of the property has nothing to do with financial condition of the corporation, though it will have a positive fall out.

“The proposal has come from their end (transport department). The negations are still in the nascent stage. The BMTC in the past had sold properties to government agencies like BMRCL for metro project, transport department for driving tracks and others. The BMTC has also bought land from other government agencies. It is nothing to do with the financial issues of the corporation,” she said.

Once both agencies finalize the deal, the state cabinet will take a final call on the land transfer.

Credits Bangalore Mirror

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