BBMP will offer monetary compensation to the property losers instead of giving them Transferable Development Rights (TDR), although the Palike's financial is not so good. The Palike officer said that they tried the TDR scheme to acquire the land but property owners do not seem to be happy with it. So the only choise is to paying monetary compensation.
The BBMP will acquire around 485 government and private properties for five signal free corridors in Bangalore City. the total measure of the properties to be acquired is around 17 acres and 20 guntas of which 154 properties will be acquired for Vellara Junction to NH-4 Kundalahalli- Whitefield.
The project will also include another infrastructure surgery near Kadirenahalli junction on the road that leads to Dayananda sagar group of institutions. BBMP has also planned for another underpass for Rs 11 crores.
1) Dr Rajkumar Road (from Yeshwanthpur Circle to Okalipuram) BBMP will acquire 19 properties and around 29,048 sq ft. 2) OuterRingRoad (from Mysore Road to Central Silk Board junction) will acquire 137 properties with 93,594 sq ft land. 3) Old Airport Road (from Vellara junction to Whitefield via Kundalahalli), 154 properties will be accquired for this stretch, approximately 3,73,845 sqft of land. 4) Mehkri Circle to Hope Farm (via Old Madras Road, Ulsoor Lake and KR Puram junction), 94 properties will be accquired for this stretch which will be around 1,65,084 sqft of land and 5) Hosur Road(from Central Silk Board to Vellara Junction). They will obtain 81 properties and the size of the land will be 99,973 sq ft.
BBMP is planning for five signal free corridors. The total cost for the five signal free corridors will be around Rs 650 crores which is still way above the BBMP estimate.