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In a significant development, the Belagavi Urban Development Authority (BUDA) has taken a critical step towards revitalizing the region's real estate landscape by inviting tenders from consultant firms for the implementation of the highly-anticipated Kanabargi residential project, officially known as scheme number 16. The move, announced recently, marks a significant shift in the city's urban development strategy after a hiatus of 15 years.
The decision to kickstart the Kanabargi project was prompted by the soaring land costs in the city, which have reached unprecedented levels due to BUDA's absence in launching new layouts. The last residential project, Ramtirth Nagar layout, received mixed reviews, and the pressure on BUDA to address the increasing demand for residential space has been mounting.
Initially planned to span 159 acres and 23 guntas, the Kanabargi project faced a setback due to ongoing legal disputes with farmers who own approximately 30 acres of the earmarked land. Consequently, it is likely that the project will proceed on the remaining land, further delaying the development of a new layout in the city.
Earlier negotiations between the government and farmers involved a proposed land-sharing ratio of 60:40, which was rejected by the majority of farmers. A revised proposal of 50:50 was introduced, gaining acceptance from most farmers, with the exception of those owning the contentious 30 acres. This group continues to contest the project's implementation, citing their investment in existing structures on the land.
During a recent visit to Belagavi, the Urban Development Minister, Byrathi Suresh, assured citizens that work on the Kanabargi layout project would commence within two months. This pledge has now been substantiated as BUDA has officially floated tenders to enlist the services of consultants for the project.
In addition to the Kanabargi layout project, BUDA has also unveiled plans for a sprawling residential complex spanning 20 acres at Kanabargi. This development aims to cater to the housing needs of the underprivileged and middle-class residents, promising newfound prospects for homeownership in the region.
This story was earlier published by Times of India (TOI)
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