Bengaluru: Shivakumar announces 50% cut in guidance value for regularisation of BDA sites

AI Summary

Karnataka Deputy Chief Minister D.K. Shivakumar announced a 50% reduction in guidance value for regularising eligible Bangalore Development Authority sites. The measure implements a provision of the BDA Act that allows eligible occupants to regularise their homes by paying prescribed charges.

‘The reduction is part of the implementation of Section 38(D) of the Bangalore Development Authority Act, 1976, which provides an opportunity for eligible occupants to get their houses regularised by paying the prescribed charges’