Revenue officials have finalised three rates for the sale of landlocked government properties, which could earn the state thousands of crores. These properties are popularly known as ‘B’ kharab (non-arable) plots.
Earlier this week, amendments were made to the Karnataka Land Grant Rules and the valuation of all properties that the government intends to sell was fixed.
It’s estimated that there is 12,000 acres of B ‘kharab’ land in Bengaluru city and 9,000 acres in Bengaluru Rural. Separate rate structures have been finalised for three types of B ‘kharab properties: landlocked areas in farmland, converted plots that don’t have plan approval, and landlocked land in converted and approved layouts.
Meanwhile, the government has also issued the rules for grant or lease of properties for industrial, educational, religious, welfare, farming and non-agricultural purposes.
For lease, the SC/ST community will get properties at 2.5 per cent of the guidance value. Others will have to pay 2.5 per cent of the market value in the case of industries and educational institutions. For welfare and religious purposes, the lease rate will be 2.5 per cent of the guidance value for all.
For grant of land from the government, the state has fixed 50 per cent of the guidance value for SC/ST communities in the cases of industries and educational institutions, whereas the rest must pay the market value.
With regard to welfare organisations and religious institutions, the SC/ST community will have to shell out 10 per cent and 25 per cent of the guidance value, respectively.
In Bengaluru alone, 921 acres are under lease.