Kanabargi residential project to commence in two months
Real Estate

Kanabargi residential project to commence in two months

The Belagavi Urban Development Authority (Buda) has taken a significant step forward by inviting tenders from consultant firms to spearhead the implementation of the Kanabargi residential project (Scheme No.16). If all progresses as planned, the public will be invited to apply for sites in February 2024.

This move by Buda marks a significant development, as the authority has not undertaken the development of a new layout in the past 15 years. This prolonged period without new layouts has resulted in a substantial escalation of land costs within the city. The Ramtirth Nagar layout was the last residential project initiated by Buda, and its underperformance has exerted considerable pressure on the authority to expedite the Kanabargi project.

The Kanabargi project, originally intended to cover a vast expanse of 159 acres and 23 guntas, has encountered legal disputes with farmers owning land in approximately 30 acres. Consequently, the project is likely to proceed in the remaining available land. This legal wrangle has been a significant factor contributing to the delay in Buda's implementation of a new city layout.

Previously, the government had proposed a 60:40 land-sharing ratio with the farmers, a proposition that was rejected. Subsequently, a 50:50 ratio proposal was presented, which garnered the acceptance of most farmers, with the exception of those owning 30 acres.

The initiation of tenders for the Kanabargi residential project signifies a pivotal moment in Belagavi's urban development landscape and underscores the authority's resolve to address the city's growing housing needs and infrastructure development.

The Belagavi Urban Development Authority (Buda) has taken a significant step forward by inviting tenders from consultant firms to spearhead the implementation of the Kanabargi residential project (Scheme No.16). If all progresses as planned, the public will be invited to apply for sites in February 2024. This move by Buda marks a significant development, as the authority has not undertaken the development of a new layout in the past 15 years. This prolonged period without new layouts has resulted in a substantial escalation of land costs within the city. The Ramtirth Nagar layout was the last residential project initiated by Buda, and its underperformance has exerted considerable pressure on the authority to expedite the Kanabargi project. The Kanabargi project, originally intended to cover a vast expanse of 159 acres and 23 guntas, has encountered legal disputes with farmers owning land in approximately 30 acres. Consequently, the project is likely to proceed in the remaining available land. This legal wrangle has been a significant factor contributing to the delay in Buda's implementation of a new city layout. Previously, the government had proposed a 60:40 land-sharing ratio with the farmers, a proposition that was rejected. Subsequently, a 50:50 ratio proposal was presented, which garnered the acceptance of most farmers, with the exception of those owning 30 acres. The initiation of tenders for the Kanabargi residential project signifies a pivotal moment in Belagavi's urban development landscape and underscores the authority's resolve to address the city's growing housing needs and infrastructure development.

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?