The Bruhat Bengaluru Mahanagara Palike (BBMP) has closed tenders for the widening of Bannerghatta Road, a project that has been in the pipeline for nearly a decade. Financial bids will be opened on Wednesday, said BBMP officials. At present, the width ranges from 20 to 25 metres at various points. The crucial arterial road will be widened to 45 metres. But the question is whether the BBMP will be able to pull off the project. Plans have been stalled multiple times in the past.
Over 400 property owners will be affected. The BBMP hopes that its new “attractive” Transferable Development Rights policy — to be finalised in two weeks — will convince property owners to give up their land, but has a competitor in the form of Namma Metro.
BMRCL has notified over 270 properties on Bannerghatta Road to build six metro stations in Phase II. The company is in the final stages of negotiating the compensation amount. Unlike the cash-strapped BBMP, BMRCL will be compensating property owners in cash. BMRCL is likely to pay the property owners two times the property value, the official said.
