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Home > Forum > Bangalore > Other > Bruhat Bangalore Mahanagara Palike under heavy debt.

Bruhat Bangalore Mahanagara Palike under heavy debt.

Q: Now BBMP already has to pay Rs 60 crore as interest against loan. What else is remaining?

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1
Yeah you are right, BBMP has to part with Rs 60 crore as interest annually for the loan of Rs 500 crore which it got after mortgaging KR market. It is really a bad news that BBMP is under debt, it this continues then BBMP will sell the whole of Bangalore very soon to clear its loan.
Sivakiran


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