+
Karnataka budget reduces housing stamp duty
ECONOMY & POLICY

Karnataka budget reduces housing stamp duty

Karnataka Chief Minister B S Yediyurappa presented the state budget for the fiscal year 2021-22 on Monday, March 8, in the State Assembly. The budget speech called “Karnataka Vikasa Patra 2021” included some major allocations for real estate and transport.

Key highlights of the budget include allocation of Rs 850 crore for the suburban rail project in Bengaluru, the introduction of the “Swiss Challenge” tender to take up peripheral Ring Road works around the capital city, and allocations for mega integrated industrial townships to be constructed at Bengaluru-Mumbai and Bengaluru-Chennai industrial corridor.

Some of the key highlights of the Karnataka Budget are:

1. Allocation of Rs 7,795 crore━scaled down by 20% from last year’s budget━for comprehensive development of Bengaluru.
2. Special incentive scheme in the ESDM sector and CM’s Mega Integrated Industrial Townships at two places, each in an area of a minimum of 500 acres. The projects are expected to attract an investment of Rs 15,000 crore, creating 5 lakh jobs.
3. Stamp duty for the first registration of apartments costing Rs 35 lakh to 45 lakh to be reduced to 3% from 5%.
4. Allocation of Rs 850 crore for the suburban rail project in Bengaluru.
5. Doubling of Yeswantpur-Channasandra and Byappanahalli-Hosur lines to be completed by 2023.
6. Allocation of Rs 463 crore as a grant for the Dharwad-Kittur-Belagavi rail line.
7. Allocations made for the Bengaluru Signature Business Park to come up next to Kempegowda International Airport Limited (KIAL).
8. Upgradation works of 248 MLD capacity sewage treatment plant at KC Valley at a cost of Rs 450 crore.
9. “Swiss Challenge” tender to take up Peripheral Ring Road works around Bengaluru.

Karnataka Chief Minister B S Yediyurappa presented the state budget for the fiscal year 2021-22 on Monday, March 8, in the State Assembly. The budget speech called “Karnataka Vikasa Patra 2021” included some major allocations for real estate and transport. Key highlights of the budget include allocation of Rs 850 crore for the suburban rail project in Bengaluru, the introduction of the “Swiss Challenge” tender to take up peripheral Ring Road works around the capital city, and allocations for mega integrated industrial townships to be constructed at Bengaluru-Mumbai and Bengaluru-Chennai industrial corridor. Some of the key highlights of the Karnataka Budget are: 1. Allocation of Rs 7,795 crore━scaled down by 20% from last year’s budget━for comprehensive development of Bengaluru. 2. Special incentive scheme in the ESDM sector and CM’s Mega Integrated Industrial Townships at two places, each in an area of a minimum of 500 acres. The projects are expected to attract an investment of Rs 15,000 crore, creating 5 lakh jobs. 3. Stamp duty for the first registration of apartments costing Rs 35 lakh to 45 lakh to be reduced to 3% from 5%. 4. Allocation of Rs 850 crore for the suburban rail project in Bengaluru. 5. Doubling of Yeswantpur-Channasandra and Byappanahalli-Hosur lines to be completed by 2023. 6. Allocation of Rs 463 crore as a grant for the Dharwad-Kittur-Belagavi rail line. 7. Allocations made for the Bengaluru Signature Business Park to come up next to Kempegowda International Airport Limited (KIAL). 8. Upgradation works of 248 MLD capacity sewage treatment plant at KC Valley at a cost of Rs 450 crore. 9. “Swiss Challenge” tender to take up Peripheral Ring Road works around Bengaluru.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code