Karnataka budget reduces housing stamp duty

09 Mar 2021 Editorial Team

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.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..