Bengaluru Business Corridor project gears up with full HUDCO funding of ₹27,000 crore: Report

The ambitious Bengaluru Business Corridor (BBC) project, also known as the Peripheral Ring Road (PRR), has received a boost as the Housing and Urban Development Corporation Limited (HUDCO) confirmed 100 percent financing of ₹27,000 crore to the Bangalore Development Authority (BDA), The New Indian Express reported.

The project, which covers 2,560 hectares, has faced delays in acquiring government land.(X)

According to the report, eight new land acquisition officers were appointed to the BDA on Monday, tasked with expediting land acquisition for the 73-km road corridor.

HUDCO is a government-owned company in India that finances housing and urban development projects.

Project details

This crucial infrastructure project aims to connect Tumakuru Road to Hosur Road, crossing key points such as Doddaballapur Road, Bellary Road and Old Madras Road, the report said.

In addition, a new BDA office will be established in Yelahanka, along with three other offices near the 76 villages where the land acquisition will take place.

The project, covering 2,560 hectares, has faced delays in acquiring government land, particularly 193 hectares that were meant to be transferred to the BDA free of cost under a government order issued in 2022.

According to The New Indian Express, one of the key challenges lies in determining the rightful recipients of compensation. To ease the process for landowners, the BDA is setting up satellite offices closer to affected communities, reducing the need for landowners to travel to the central BDA office.

The compensation payments and acquisition processes are expected to be completed within six months, the report said.

KWIN project

Recently, Karnataka Chief Minister Siddaramaiah, along with his ministers, launched Knowledge, Wellbeing, and Innovation (KWIN) City near Bengaluru. This project was previously called Knowledge, Health, Innovation and Research (KHIR) City, but has now been renamed KWIN City.

The project aims to create a parallel city to Bengaluru for equal growth and opportunities across all sectors within an accessible distance to the capital of Karnataka. After taking all suggestions, the state government finalized the area between Doddaspete and Doddaballapur, which is about 60 kilometers from Bengaluru. This will be built on a total of 2,000 hectares of land located on the Satellite Town Ring Road. (STRR)