Karnataka Budget 2017-18: Key proposals that will impact Bangalore’s property market
The honourable chief minister of Karnataka, tabled the State Budget 2017-18 in the assembly on March 15, 2017. Below are the key provisions that may have a direct or indirect impact on Bangalore’s real estate sector.
| Housing |
1 lakh residential units for the urban poor to be constructed BDA to construct 3,000 flats, allot 5,000 sites in Nadaprabhu Kempegowda Layout BDA to develop an innovative township spanning 166 acres in Konadasapura |
| Commercial, industrial, information technology |
Development of commercial hubs along 10.7 kms of a major arterial road connecting Mysore Road and Magadi Road Rs. 400 crores to the Karnataka Industrial Area Development Board (KIADB), for land acquisition on Tumakuru Industrial node Establishment of a ‘Centre of Excellence in Data Sciences and Artificial Intelligence’ and ‘Cyber Security’ Centre Construction of an international level science gallery and artificial intelligence and robotics centre at Bangalore |
| Infrastructure |
Development of 150 km roads in and around Bangalore Metro Rail – Phase 2 (A): Additional new line (17 kms) from Silk Board to KR Puram Development of a second runway and terminal at Kempegowda International Airport Construction of an underpass and widening of the flyover along ORR at Hebbal junction |
Source: www.housing.com
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