PERIPHERAL RING ROAD – APPROVAL WILL BOOST THE REAL ESTATE INDUSTRY


The State Cabinet has Accorded its approval to the much delayed PERIPHERAL RING ROAD

The state government has rebooted the 30-year-old Peripheral Ring Road (PRR), the state cabinet granted in-principle approval for the 65-km long road project connecting Tumakuru Road with Hosur Road cutting through Bengaluru East and North taluks.

The state government modifying its earlier plan of building 100 metres of eight-lane PRR road has decided to lay just 75 metres of eight lane road. “The remaining 25 metres will be developed and used for commercial purposes post commissioning of the PRR,” TB Jayachandra, Law and Parliamentary affairs minister briefed media persons after the cabinet meeting.

The state government has proposed alternatives that include giving back land losers developed land and partial payment of compensation with double FAR.

“The committee headed by the Chief Secretary which looked into this issue has come up with a plan of compensating land losers with developed land. The land owners will be given back the developed land with double FAR (Floor Area Ratio). To decide on the subject, a meeting of farmers and land owners has been convened on Thursday by Bengaluru Development in-charge minister where a final decision will be taken,” Jayachandra explained.

Explaining further, Mahendra Jain, additional chief secretary, Urban Development Department, said, “That apart, about 100 metrs of land on either side of the road will be developed as premium FAR and will be sold to commercial investors. Once the road is commissioned, there will be a lot of commercial activities including layouts, apartments etc. That being the case, the government can charge betterment levy on such activities as provided in the BDA Act on 1 km of land on either side of the road. By these methods, the government hopes to rake up about 10,000 crore over a period of 10-15 years.” The state government, by deciding to develop 25 metres on either side of the road, would result in the development of 1,200 acres of land. “The total required land would be 1,890 acres, out of which 1,200 acres will be retained. It would be far easier to compensate land losers with developed land without much of a financial burden,” Jayachandra detailed.

The Government will discuss the acquisition process and compensation to the farmers and take appropriate decision after the consultation.

PRR will be a toll road as the investment is from the loan from JICA

The government has proposed to raise a loan of about Rs 10,000 crore from the Japan International Cooperation Agency (JICA) for laying of the eight-lane roads. “Since the investment will be made by raising loans, the roads will be tolled and toll will be collected by BDA, which will in turn be used to repay the loan amount.

ALIGNMENT

* The alignment starts at Makali off Tumkur Road
* It moves towards Thammenhalli and Soladevanahalli
* After moving towards Dodda Bylakere it passes through Mavallipura sewage treatment plant, before entering Jarakabandekaval forest
* The road intersects Doddaballpura Road near BMS Institute of Technology, around 3 km from the periphery of Yelahanka Satellite Town
* The PRR intersects Bellary Road at Hosahalli
* After entering agricultural areas in Kogilu, residential and industrial areas in Agrahara, Thirumalenahalli, Bellahalli, Doddagubbi, it touches Rampura
* Headed in the south-east direction, it intersects Old Madras Road near Sree Mahalakshmi Ventateshwara School in Avalahalli
* Then it heads towards Kadugodi.
* Near railway line close to Kadugodi Milk Federation Society it moves towards Channasandra and reaches Sorahunase and touches Varthur Lake
* After Kachamaranahalli it moves 3.5 Km towards southwest and it cuts across Sarjapur road in Sulikunte. All the areas around this stretch are agricultural lands.
* The PRR then curves south-west towards Gattihalli, Huskuru and Chikkanagamangala
* Going further south-west, the road moves along the periphery of the industrial areas of Electronics City
* The road enters the Electronics City and intersects Hosur Road near Suvidya College in Hebbagodi

 

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