Bangalore Mysore Highway investment

Q: Hello,

I am planning to invest on Agriculture land which is exactly on Bangalore-Mysore Highway (B-M) road (Between Mandya & Srirangapatna - Approx 25km from mysore), considering that B-M highway will be NH sooner with 6 lanes apart from being on main road and also I am eligible to buy agriculture land as well.

N Kumar, Bangalore

28th June 2016

Investment Advice in Palahalli, Mysore

bangalore mysore highway

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Replies (2)

Hey Rajiv,

Thanks for your advice . In fact, we already have RTC record on our name past 20 years in another state, Does still 2 Lakh per annum ceiling is applicable since we can consider ourselves as Agriculturists..

As per my knowledge & few interactions locally, still the August time line holds good.

Thxs & Rgds,
Kumar

N Kumar, Bangalore

29th June 2016

Comment

The Karnataka Land Reforms Act now does not allow non-agriculturists whose income is more than Rs 2 lakh per annum to buy farm land.

PWD Minister said that the Bengaluru-Mysuru road to six lanes will begin by August, let see when does the work starts.