K'taka govt issues ordinance to assert control over Bengaluru palace land

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K'taka govt issues ordinance to assert control over Bengaluru palace land - Business Standard

Quick Summary:

The move follows the state cabinet's decision on January 24 to reject the issuance of Transferable Development Rights (TDR) to the Mysuru royal family for acquiring nearly 16 acres of land within the palace grounds.

The Karnataka government has issued an ordinance to assert its rights over the expansive Bangalore Palace grounds, which spans 472 acres and 16 guntas near Mehkri Circle here.

The cabinet had expressed concerns that paying Rs 3,014 crore to acquire 16 acres of land for the development of just two kilometers of road would not be economically beneficial for the state.