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New Mayor to make effective use of ₹100 cr. reserve for development projects


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Newly elected Mayor Premananda Shetty said on Tuesday that the Mangaluru City Corporation (MCC) has in its kitty ₹100 crore collected under premium floor area ratio (FAR) clause. The corporation has not been able to utilise the fund for various reasons. He said he would try to make best use of it for development projects.
Speaking at the council after being elected for the next one year term, the Mayor said the FAR fund got accumulated since 2009-10.
The civic body collected the fund from builders after the premium FAR clause was added in the Master Plan II for Mangaluru Local Planning Area, which came into effect from October, 2009. Under the premium FAR clause, a builder can pay a certain fee to the corporation and can add extra built-up area to a building as per the provisions mentioned under the zonal regulations of Master Plan II. The corporation should utilise this fund for development works as per specified guidelines. ....

Premananda Shetty , Naveenr Dsouza , Mlad Vedavyasa Kamath , Mlay Bharat Shetty , Member Of Parliament , Mangaluru City Corporation , Mayor Premananda Shetty , Master Plan , Mangaluru Local Planning Area , ப்ரெமானந்த ஷெட்டி , உறுப்பினர் ஆஃப் பாராளுமன்றம் , மங்களூரு நகரம் நிறுவனம் , மேயர் ப்ரெமானந்த ஷெட்டி , குரு திட்டம் , மங்களூரு உள்ளூர் திட்டமிடல் பரப்பளவு ,