Metro Rail land-losers likely to get BDA sites

Metro Rail land-losers likely to get BDA sites
DH News Service, Bangalore:
For land owners who will have to part with more than 50 percent of their holding for the 'Namma Metro' project, there's good news in store.

For land owners who will have to part with more than 50 percent of their holding for the 'Namma Metro' project, there's good news in store.
Sources in the Bangalore Metro Rail Corporation Limited (BMRCL) and the Bangalore Development Authority (BDA) told Deccan Herald on Tuesday, a proposal is being mooted to allot sites on priority basis to those land losers who stand to lose more than 50 percent for the project.
Though, talks on this proposal have been held between BDA and BMRC, concrete plans will emerge shortly, said officials in BDA.
BMRC sources add, the proposal involves BDA either allotting sites from its new layouts or BMRC developing sites measuring 60/40ft and 30/40 ft from land acquired from the BDA.
Meanwhile, about 20 property owners including those from Swami Vivekananda Road in Ulsoor and CMH Road in Indiranagar met the BMRC land acquisition officer Mr Nagendra on Tuesday and sought clarifications on the compensation package to be awarded as per recommendations of the PSS Thomas Land Committee Report.
Some owners suggested that BMRC extend the FAR (Floor Area Ratio) along the seven km stretch of Reach One of the project from Anil Kumble Circle to Byappanahalli. At present the revised master plan of the BDA allows an FAR of 150 sq mts around metro stations in the City, to construct high-rises and promote vertical growth, while others sought a three-month time to vacate their homes/commercial establishments after award of compensation. These suggestions will be submitted to a ombudsman committee to be headed by a retired high court judge. The committee that will be set up shortly, will oversee land acquisition in a hassle free manner. V Madhu, managing director BMRC says, "After the BMRC-property owners interaction, valuation of properties on reach one would begin. Approved valuers will assess properties and arrive at the cost of buildings depending on its age. This exercise will be completed within a month" he said.