BUDA Initiates Kanabargi Residential Project
Real Estate

BUDA Initiates Kanabargi Residential Project

The Belagavi Urban Development Authority (BUDA) has initiated the process of seeking consultant firms to execute the Kanabargi residential project (scheme no.16). If all proceeds as planned, applications for the sites are set to be invited from the public in February 2024.

BUDA has not introduced a new layout in the past 15 years, leading to a substantial increase in land costs within the city. The Ramtirth Nagar layout was BUDA's previous residential project, and its underperformance has exerted significant pressure on BUDA to advance the Kanabargi project.

Initially intended for development over 159 acres and 23 ?guntas?, the project may now proceed on the remaining land due to legal disputes with farmers occupying about 30 acres. This has contributed to BUDA's delay in launching a new layout in the city.

Previously, the government had proposed a 60:40 land-sharing ratio with farmers, which was rejected. A subsequent proposal for a 50:50 ratio found acceptance among most farmers, except those who own 30 acres. These farmers are still in legal battles to protect their land, particularly because some have already built structures on it. Under the agreement, BUDA is obligated to provide 50% of developed sites to the farmers who relinquished their land.

During a recent visit to Belagavi, the Urban Development Minister, Byrathi Suresh, indicated that work on the Kanabargi layout project would commence within two months. Accordingly, BUDA has initiated the tendering process. BUDA Commissioner Shakeel Ahmed stated, "We have already issued tenders, and if all goes according to plan, site marking work will commence within two months."

Additionally, BUDA has outlined plans for a 20-acre residential building complex within Kanabargi to address the housing needs of the lower and middle-income segments. As confirmed by BUDA Commissioner Shakeel Ahmed, this project will kick off once the Kanabargi layout project is underway.

The Belagavi Urban Development Authority (BUDA) has initiated the process of seeking consultant firms to execute the Kanabargi residential project (scheme no.16). If all proceeds as planned, applications for the sites are set to be invited from the public in February 2024. BUDA has not introduced a new layout in the past 15 years, leading to a substantial increase in land costs within the city. The Ramtirth Nagar layout was BUDA's previous residential project, and its underperformance has exerted significant pressure on BUDA to advance the Kanabargi project. Initially intended for development over 159 acres and 23 ?guntas?, the project may now proceed on the remaining land due to legal disputes with farmers occupying about 30 acres. This has contributed to BUDA's delay in launching a new layout in the city. Previously, the government had proposed a 60:40 land-sharing ratio with farmers, which was rejected. A subsequent proposal for a 50:50 ratio found acceptance among most farmers, except those who own 30 acres. These farmers are still in legal battles to protect their land, particularly because some have already built structures on it. Under the agreement, BUDA is obligated to provide 50% of developed sites to the farmers who relinquished their land. During a recent visit to Belagavi, the Urban Development Minister, Byrathi Suresh, indicated that work on the Kanabargi layout project would commence within two months. Accordingly, BUDA has initiated the tendering process. BUDA Commissioner Shakeel Ahmed stated, We have already issued tenders, and if all goes according to plan, site marking work will commence within two months. Additionally, BUDA has outlined plans for a 20-acre residential building complex within Kanabargi to address the housing needs of the lower and middle-income segments. As confirmed by BUDA Commissioner Shakeel Ahmed, this project will kick off once the Kanabargi layout project is underway.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?