HUDCO Approves Rs 270 Bn Loan for Peripheral Road Project
ROADS & HIGHWAYS

HUDCO Approves Rs 270 Bn Loan for Peripheral Road Project

The Housing and Urban Development Corporation (HUDCO) has approved a loan of Rs 270 billion for the Bengaluru Development Authority (BDA) to fund the much-delayed Bangalore Business Corridor. As per the BDA, this long-pending project, which has been delayed for 16 years, is now expected to begin within the next two months. Two agencies are set to finalise the agreement soon, leading to the commencement of the project. Compensation for the land acquired from farmers will follow the BDA Act and the Land Acquisition Compensation Act. Breakdown of Project Costs Out of the Rs 27,000 crore loan, Rs 210 billion will be allocated for land acquisition, while the remaining Rs 6,000 crore is designated for road construction. A senior BDA official noted that the project involves developing a 100-metre wide route. The official further stated that land acquisition has already begun, as reported by the media. To maximise visibility for the project, it has been suggested that both sides of the route be utilised. A six-lane road will occupy 50 metres of the corridor, while the remaining land will be designated for business and commercial use. The BDA aims to complete the project within three years.

The Housing and Urban Development Corporation (HUDCO) has approved a loan of Rs 270 billion for the Bengaluru Development Authority (BDA) to fund the much-delayed Bangalore Business Corridor. As per the BDA, this long-pending project, which has been delayed for 16 years, is now expected to begin within the next two months. Two agencies are set to finalise the agreement soon, leading to the commencement of the project. Compensation for the land acquired from farmers will follow the BDA Act and the Land Acquisition Compensation Act. Breakdown of Project Costs Out of the Rs 27,000 crore loan, Rs 210 billion will be allocated for land acquisition, while the remaining Rs 6,000 crore is designated for road construction. A senior BDA official noted that the project involves developing a 100-metre wide route. The official further stated that land acquisition has already begun, as reported by the media. To maximise visibility for the project, it has been suggested that both sides of the route be utilised. A six-lane road will occupy 50 metres of the corridor, while the remaining land will be designated for business and commercial use. The BDA aims to complete the project within three years.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?