Karnataka Funds: Properties in Bengaluru to get digital possession doc

The Karnataka authorities will embark on an formidable undertaking of digitising property tax data of all 20 lakh properties in Bengaluru and concern digital e-Khata (authorized doc issued to property house owners) from fiscal yr 2024-25, Chief Minister Siddaramaiah mentioned in his finances speech on Friday. Noting that the state capital was headed in direction of a ‘file’ tax assortment of Rs 4,300 crore within the present fiscal, which is Rs 1000 crore greater than 2022-23, Siddaramaiah mentioned the goal in 2024-25 will likely be Rs 6,000 crore.

This goal of Rs 6,000 crore income will likely be achieved by stopping leakages within the tax assortment system, he mentioned.

Siddaramaiah mentioned extra non-tax sources of Rs 2,000 crore will likely be mobilised by way of revised commercial insurance policies and premium Ground Space Ratio (FAR) coverage from this fiscal yr.

FAR is a components primarily based on the constructing’s development space and whole ground space that’s usable.

The Chief Minister mentioned augmentation of sources, decreasing site visitors congestion, development of high quality roads and provide of fresh ingesting water in Bengaluru are the areas of focus for the Karnataka authorities in 2024-25.

The federal government has conceptualised ‘Model Bengaluru’ to enhance the standard of life of individuals and appeal to buyers to develop the state capital right into a world-class metropolis, he mentioned, including that main reforms in varied sectors have been launched.Additionally learn: Karnataka Funds bulletins intimately To cut back site visitors congestion on a precedence foundation, the federal government will be certain that the white-topping or cement street development of 147 km lengthy main roads will likely be accomplished by December 2025, Siddaramaiah mentioned.

The Chief Minister famous that widening of present roads was tough attributable to shortage of land and issues in land acquisition.

“On this backdrop, the state authorities has determined to resolve site visitors congestion within the metropolis by developing underground tunnels. On a pilot foundation, a tunnel will likely be constructed this yr at Hebbal Junction, the place there’s excessive site visitors congestion,” Siddaramaiah mentioned.

He proposed to reposition the Peripheral Ring Highway (PRR) as Bengaluru Enterprise Hall to handle site visitors congestion and to advertise giant scale financial actions in Bengaluru.

“Below this undertaking, a Request for Proposal has been invited to assemble a 73 km street at a price of Rs 27,000 crore beneath PPP mannequin. It’s proposed to start out the undertaking this yr itself,” the Chief Minister mentioned.

The federal government has additionally deliberate to assemble a 250-metre excessive Skydeck in Bengaluru to make it a “landmark” vacationer vacation spot within the metropolis.

As well as, captive photo voltaic parks will likely be established in varied establishments beneath the City Improvement Division equivalent to Bruhat Bengaluru Mahanagara Palike, Bangalore Metro Rail Company Restricted, Bangalore Water Provide and Sewerage Board and Bangalore Improvement Authority, the Chief Minister mentioned.

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