BUDA to start work on Kanabargi residential layout project in Nov

05 Aug 2022 CW Team

The Belagavi Urban Development Authority (BUDA), which has been struggling for the past 15 years to develop any residential layout, now has three projects in the works.

The state cabinet gave financial approval to develop Kanabargi residential layout project (scheme no.16) last week. Due to legal complications, this project has been on hold for over a decade and a half. With the government's approval, the project will get underway soon.

In 2019, BUDA acquired 131 acres of land from farmers. Earlier, the authority proposed a 60:40 land-sharing formula to landowners. However, after some bargaining, the government agreed to a 50:50 share. So, 50% of the developed land would be given to the landowners.

On the same lines, BUDA is preparing to develop layouts in Hindalaga and Zadshahapur, on the outskirts of the city. The land has been identified for both of these residential projects and two notices have already been sent to the landowners. The BUDA is now ready to issue a final notice.

“As far as Kanabargi layout project is concerned, the cabinet has given its approval to go ahead. It would take at least two months to complete the tender process. We are expecting that work would start in the month of November”, said BUDA commissioner Preetam Nasalapure.

Also read:
Karnataka govt plans nine water aerodromes!
Bengaluru development body nods Rs 4,500 cr for residential project

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..