Giving up land for industries will get you bigger plots!
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Bengaluru, Feb. 20 -- Chief Minister Yediyurappa to present Karnataka Budget for 2021-2022 on March 8
To overcome the pains of land acquisition, the State Industries Department is paying back landowners who are giving up their farmland for developing industrial estates in the form of developed plots.
Now the State Cabinet has decided to increase the allotment of developed land by 1,198 sq.ft per acre - from 9,583 sq.ft to 10,781 sq.ft - to owners from whom the land is acquired.
The Karnataka Industrial Areas Development Board (KIADB), an arm of the Industries Department, develops and manages industrial real estate. It allocates developed land to farmers or other owners from whom the land is acquired, if they do not want cash compensati...
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