belagavi news


BUDA to continue with land acquisition

Photo of author

BUDA had issued a preliminary notification in 2007 to acquire 145 acres and 35 guntas of land to form 1,700 housing sites, including 250 corner sites in the Bhagya Nagar Second Stage Angol Scheme No. 62.

Belgaum Urban Development Authority (BUDA) has decided to go ahead with implementing the land acquisition and start the process of acquiring land in areas where several residential and commercial structures have been illegally built. The scheme is based on a 60:40 sharing basis between the BUDA and owners of the land.

Under the scheme landowners are eligible to own 40 per cent of the land, which they can either retain or sell on their own or through the BUDA by paying service charges. At present, the market rate for residential sites in Angol and Bhagya Nagar area is around Rs. 2,000 to Rs. 2,500 per sq. ft.

A section of farmers refused to part with their fertile paddy fields falling under the area of the proposed scheme. The court, while disposing of the petition in 2012, ordered BUDA to complete the process of formation of the layout within 300 days with due approvals from the State government.

The government had denotified 54 acres of land after BUDA had issued notification to acquire land in Hindalga for housing sites.

Source: The Hindu

Leave a Comment