BDA to Launch 50,000 Residential Sites Along PRR-2 With PPP
Real Estate

BDA to Launch 50,000 Residential Sites Along PRR-2 With PPP

The Bangalore Development Authority (BDA) is set to launch a major initiative to develop six residential layouts along the proposed Peripheral Ring Road (PRR)-2, which will consist of 50,000 residential plots. This new corridor will connect Hosur Road to Bengaluru-Mysuru Road, passing through Bannerghatta and Kanakapura roads.

BDA Commissioner Jayaram N highlighted the challenges posed by high land acquisition costs, stating that the cost of acquiring land is considerable and that the existing land acquisition act is not particularly compensation-friendly. To address these challenges, the BDA has opted for a public-private partnership (PPP) model, which is designed to ensure fair compensation for farmers while accelerating the development process. Another official at BDA noted the significant demand for BDA sites, emphasising that the goal is to develop 50,000 new plots.

The proposed layouts will require approximately 3,000 hectares of land, both government and private. Although the exact compensation rates are still under discussion, the BDA is actively conducting surveys and assessments to identify the required land. Teams led by land acquisition officers are collecting information regarding landholders and other related issues. According to BDA regulations, farmers who provide land will be compensated in a 40:60 ratio and will be allocated plots within the same layouts.

PRR-2 is a critical part of the Bengaluru Business Corridor and will complement the existing PRR-1, which connects Tumakuru Road to Hosur Road. The PRR-2 project will involve the construction of a 30-kilometre-long, 100-metre-wide road with commercial plots stretching 24 metres on either side. Villages such as BM Kaval, Gulakamale, Kaggalipura, and several others are being considered for land acquisition.

Jayaram confirmed that the draft notification for land acquisition is ready, and the process is expected to conclude within 6-8 months. PRR-2 is expected to be operational in about two years.

The Bangalore Development Authority (BDA) is set to launch a major initiative to develop six residential layouts along the proposed Peripheral Ring Road (PRR)-2, which will consist of 50,000 residential plots. This new corridor will connect Hosur Road to Bengaluru-Mysuru Road, passing through Bannerghatta and Kanakapura roads. BDA Commissioner Jayaram N highlighted the challenges posed by high land acquisition costs, stating that the cost of acquiring land is considerable and that the existing land acquisition act is not particularly compensation-friendly. To address these challenges, the BDA has opted for a public-private partnership (PPP) model, which is designed to ensure fair compensation for farmers while accelerating the development process. Another official at BDA noted the significant demand for BDA sites, emphasising that the goal is to develop 50,000 new plots. The proposed layouts will require approximately 3,000 hectares of land, both government and private. Although the exact compensation rates are still under discussion, the BDA is actively conducting surveys and assessments to identify the required land. Teams led by land acquisition officers are collecting information regarding landholders and other related issues. According to BDA regulations, farmers who provide land will be compensated in a 40:60 ratio and will be allocated plots within the same layouts. PRR-2 is a critical part of the Bengaluru Business Corridor and will complement the existing PRR-1, which connects Tumakuru Road to Hosur Road. The PRR-2 project will involve the construction of a 30-kilometre-long, 100-metre-wide road with commercial plots stretching 24 metres on either side. Villages such as BM Kaval, Gulakamale, Kaggalipura, and several others are being considered for land acquisition. Jayaram confirmed that the draft notification for land acquisition is ready, and the process is expected to conclude within 6-8 months. PRR-2 is expected to be operational in about two years.

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?