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The Hindu
The Hindu
National
Suchith Kidiyoor

NICE land to cost BMRCL ₹100 crore

NICE BMRCL KIADB

The Bangalore Metro Rail Corporation Ltd. (BMRCL) may have to shell out ₹100 crore for the NICE land acquired for the ongoing Phase II of Namma Metro. Compensation for the land has been a bone of contention with construction work getting delayed for years.

The BMRCL requires approximately 19,500 sq.m. of NICE land, of which compensation coming to nearly ₹13 crore has been made for 2,500 sq.m. It has now come out with a ₹100 crore compensation package for the remaining 17,053 sq.m. of land that comes up to four acres. 

However, the Karnataka Industrial Area Development Board (KIADB) — the agency that has been acquiring land for the BMRCL for Namma Metro projects — will take the final decision on paying the compensation.

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