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Karnataka Assembly passes bill slashing penalty on property tax in Bengaluru by 50%, ET RealEstate

Karnataka Assembly: Deputy Chief Minister D K Shivakumar, who holds the Bengaluru development portfolio, tabled the bill in the Legislative Assembly."With the passing of this Amendment Bill, the penalty amount is halved, saving Bengalureans a whopping Rs 2,700 crores.
Karnataka Assembly Deputy Chief Ministerdk Shivakumar Amendment Bill Bruhat Bengaluru Mahanagara Palike Dk Shivakumar Bbmp Amendment Bill 2024

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Will the idea of land swap for compensation help BDA?

Sources said that the change in nomenclature, shifting from PRR to Bengaluru Business Corridor, might not prove beneficial unless the State Government incorporates the concerns of land losers, convincing them to part with their land. Despite the land losers demanding increased compensation, the State Government remains unwilling to meet their demands.
Bangalore Development Authority Ring Road Peripheral Ring Road Chief Minister Business Corridor State Government

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