The Government of Karnataka has recently decided to give a makeover to Bangalore, its Silicon Valley, by upgrading its infrastructure with projects worth Rs 7,300 crore.
Commenting on the development, TB Jayachandra, Law Minister, confirmed that the finance department has already given nod to release Rs 6,050 crore. The project will involve road development, underground drainage, and development of footpaths and storm water drains.
The government had been receiving flak from all corners for the city’s poor infrastructure, traffic, and solid waste management. It is government’s desperate effort to woo its citizens before its serving term comes to an end in two years.
It is also believed that the government was also under huge pressure from industry heads who were part of the vision group launched by the Chief Minister Siddaramaiah. Reports suggest that some investors too had criticized the government for poor infrastructure at the Invest Karnataka Global Summit.
During 2016-17, the Chief Minister had assigned Rs 10,000 crore for Bruhat Bangalore Mahanagara Palike (BBMP).
To make the affordable housing a reality in the state, the cabinet has also given nod to an old housing policy.
Commenting on the development, Jayachandra stated that the government has finally decided to introduce affordable housing policy. It was first notified in the year 2013.
According to the affordable housing policy, the real estate developers will be given concessions for building housing projects for the economically weaker sections.
Government draws up ambitious plan to give Bengaluru a makeover