Karnataka Budget 2015-2016

Q: How this Karnataka budget going to impact the real estate market of Bangalore?

Eshaan Tandon, Bangalore

17th March 2015

Real estate News in Bangalore

budget 2015-2016

karnataka budget 2015-2016

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Replies (2)

The budget proposes a fresh allocation of ₹ 1,000 crore under Nagarothana Scheme. The money will go to BBMP for widening of some important roads e.g. Jayamahal Road, Sarjapura Road (Outer Ring Road to Dommasandra), Bannerghatta Road (J.D. Mara Junction to NICE Road), Dinnur Road (Sanjaynagar Main Road to Ambedkar Medical College), Bellary Road etc.

Srinivas Rao , Bangalore

18th March 2015

Comment

The real estate sector in Bangalore gets another boost as the state government has made a separate allocation for the construction of new houses by BDA (Bangalore Development Authority) in FY 2015-16. On March 13, during the budget speech, Chief Minister Siddaramaiah said that BDA would construct and allot 5,000 flats in the next financial year.

Sukumar Gupta, Bangalore

17th March 2015

Comment

True Sukumar, Apart from the announcement of new houses, the budget has also proposed several things which will ultimately help the real estate sector. BWSSB is planning to solve the water issue this summer. A water pipeline will also be laid from Netkal Balancing Reservoir to TK Halli Reservoir to bring 500 million litres to the city.

James, Bangalore

17th March 2015