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The Hindu
The Hindu
National
Suchith Kidiyoor

Bangalore Metro Rail Corporation Limited pays compensation of ₹65 crore to Nandi Infrastructure Corridor Enterprise Limited

Bangalore Metro Rail Corporation Limited NICE BMRCL Namma Metro

Bangalore Metro Rail Corporation Limited (BMRCL) has paid ₹65 crore as compensation, for acquiring the Nandi Infrastructure Corridor Enterprise Limited (NICE) land for the ongoing Namma Metro metro projects.

BMRCL had estimated that acquiring close to 19,409 sqm of NICE land would cost over ₹100 crore.

Sources in BMRCL said that the Karnataka Industrial Area Development Board (KIADB), the agency acquiring the land on behalf of BMRCL, has paid close to ₹65 crore compensation after verifying the documents.

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