亚博体育官网首页

BUDA Initiates Kanabargi Residential Project
Real Estate

BUDA Initiates Kanabargi Residential Project

The Belagavi Urban Development Authority (BUDA) has initiated the process of seeking consultant firms to execute the Kanabargi residential project (scheme no.16). If all proceeds as planned, applications for the sites are set to be invited from the public in February 2024.

BUDA has not introduced a new layout in the past 15 years, leading to a substantial increase in land costs within the city. The Ramtirth Nagar layout was BUDA's previous residential project, and its underperformance has exerted significant pressure on BUDA to advance the Kanabargi project.

Initially intended for development over 159 acres and 23 ?guntas?, the project may now proceed on the remaining land due to legal disputes with farmers occupying about 30 acres. This has contributed to BUDA's delay in launching a new layout in the city.

Previously, the government had proposed a 60:40 land-sharing ratio with farmers, which was rejected. A subsequent proposal for a 50:50 ratio found acceptance among most farmers, except those who own 30 acres. These farmers are still in legal battles to protect their land, particularly because some have already built structures on it. Under the agreement, BUDA is obligated to provide 50% of developed sites to the farmers who relinquished their land.

During a recent visit to Belagavi, the Urban Development Minister, Byrathi Suresh, indicated that work on the Kanabargi layout project would commence within two months. Accordingly, BUDA has initiated the tendering process. BUDA Commissioner Shakeel Ahmed stated, "We have already issued tenders, and if all goes according to plan, site marking work will commence within two months."

Additionally, BUDA has outlined plans for a 20-acre residential building complex within Kanabargi to address the housing needs of the lower and middle-income segments. As confirmed by BUDA Commissioner Shakeel Ahmed, this project will kick off once the Kanabargi layout project is underway.

The Belagavi Urban Development Authority (BUDA) has initiated the process of seeking consultant firms to execute the Kanabargi residential project (scheme no.16). If all proceeds as planned, applications for the sites are set to be invited from the public in February 2024. BUDA has not introduced a new layout in the past 15 years, leading to a substantial increase in land costs within the city. The Ramtirth Nagar layout was BUDA's previous residential project, and its underperformance has exerted significant pressure on BUDA to advance the Kanabargi project. Initially intended for development over 159 acres and 23 ?guntas?, the project may now proceed on the remaining land due to legal disputes with farmers occupying about 30 acres. This has contributed to BUDA's delay in launching a new layout in the city. Previously, the government had proposed a 60:40 land-sharing ratio with farmers, which was rejected. A subsequent proposal for a 50:50 ratio found acceptance among most farmers, except those who own 30 acres. These farmers are still in legal battles to protect their land, particularly because some have already built structures on it. Under the agreement, BUDA is obligated to provide 50% of developed sites to the farmers who relinquished their land. During a recent visit to Belagavi, the Urban Development Minister, Byrathi Suresh, indicated that work on the Kanabargi layout project would commence within two months. Accordingly, BUDA has initiated the tendering process. BUDA Commissioner Shakeel Ahmed stated, We have already issued tenders, and if all goes according to plan, site marking work will commence within two months. Additionally, BUDA has outlined plans for a 20-acre residential building complex within Kanabargi to address the housing needs of the lower and middle-income segments. As confirmed by BUDA Commissioner Shakeel Ahmed, this project will kick off once the Kanabargi layout project is underway.

Next Story
Infrastructure Transport

DGCA Reviews Safety and Delays at Air India, Express

The Directorate General of Civil Aviation (DGCA) conducted a detailed review meeting on 17 June 2025 with the senior management of Air India Limited and Air India Express. The move came in response to a series of flight delays and passenger complaints, with the regulator focusing on improving safety, operational performance, and customer service.Together, the two airlines operate more than 1,000 daily flights across India and abroad. The DGCA highlighted that several of the delays were maintenance-related and called for improved coordination between engineering, operations, and ground handling..

Next Story
Infrastructure Transport

Nitish Kumar Inaugurates Key NH-22 Road in Bihar

Bihar Chief Minister Nitish Kumar on Monday inaugurated the Bhupatipur鈥揚unpun section of the Mithapur鈥揗ahuli鈥揚unpun corridor, part of National Highway 22. The new road link, constructed by infrastructure major Afcons Infrastructure Ltd, drastically reduces travel time from nearly one hour to just ten minutes, benefiting hundreds of thousands of daily commuters in the region.The completed section comprises a 5-kilometre elevated four-lane corridor, 10 kilometres of at-grade four-lane road, and a 1-kilometre ramp, all designed to support travel speeds of up to 100 km/h, enhancing both spee..

Next Story
Infrastructure Urban

UGRO Acquires Profectus to Boost MSME Lending and Profits

UGRO Capital Limited, a leading DataTech non-banking financial company (NBFC) focused on MSME financing, has signed an agreement to acquire 100 per cent equity in Profectus Capital Private Limited, a secured lending-focused NBFC, in an all-cash deal funded from UGRO鈥檚 recent equity raise. This strategic acquisition makes Profectus a wholly owned subsidiary and is expected to contribute approximately Rs 1.5 billion (USD 18 million) in annualised profit to UGRO, with Rs 1.15 billion in cost savings, thereby enhancing capital adequacy and return on assets by 60鈥�70 basis points post-merger.The..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement