Bengaluru is one of the big Metro City in India. Huge opportunities if you invest your money in Bangalore surrounding Lands, Plots and Open Sites.


♠ Posted by Unknown in , at 12:11 PM
The National Highways Authority of India has started acquiring land for the work of the 262 km Chennai-Bangalore stretch express way which would make the distance bring down the travel time to three hours. This will be an access controlled road with the vehicular movement allowed to speed at 120 km/hr. The Mumbai Pune express way allows vehicles to speed up to 80 kms/hr. This project will take five years to be completed. This project was proposed ten years ago and now the mode of the work of the project is in fast track.  The land acquisition in Karnataka started through the 76 km stretch of the road that goes through Karnataka. This project as reported by the NHAI authorities is a greenfield project which would reduce the distance and the commute time between the two major cities already connected by the two highways.
Gazette notification for the acquisition of 830 hectares or 2050 acres of land in the Bengaluru Rural and the Kolar districts of the state has already been issued. The land required will have to be acquired in 13 villages of the rural districts of Bangalore which are mostly close to Hoskote which is one of the most hot spots of real estate. In the Kolar district the land acquisition so needed will be 22 villages of the Malur taluk, 37 villages located at Bangerpet taluk and 2 villages of the Kolar taluk and Mulbagal taluk. 
Among the people loosing properties the most concerned are the ones who will lose properties in the 13 villages near Hoskote and they are the ones who feel most deprived. The people of the Kolar district are approaching the government authorities to know if they would get compensated properly. The residents of the Bangalore rural districts whose land will be acquired are demanding alternative land stretches in return instead of compensation. The land owners are trying to reach the NHAI officers and are trying to make the ordeal as favourable as possible. 

Bangalore has witnessed property appreciation and here the land rates in these regions are in the tune of Rs. 1 crore and naturally the owners do not want monetary compensation as the rates may hike further while the highway is being constructed. The total land required will be of the order of 2050 acres that need to be acquired in Karnataka alone. The so acquired from these thirteen villages will tantamount to over 371 acres only. The sources from the NHAI said that after the issue of the first notification of the total three notifications on the May 23rd many villagers and residents from the thirteen villages approached them and most of the land owners out of them wanted an alternative land. 


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