Bengaluru: A slew of housing and infrastructure projects could grind to a halt as the Bangalore Development Authority’s (BDA) finances are in a precarious shape.
With just Rs 40 crore in the coffers bang in the middle of the financial year, the fund crunch is likely to affect the pace of important works, including housing projects such as the Nadaprabhu Kempegowda and Dr Shivaram Karanth layouts as well as the construction of the much-delayed Hebbal flyover loop.
The main reasons for the state of affairs are: the impasse over mobilising fresh resources from the allotment of 30,000 sites in Dr Shivaram Karanth Layout; the uncertainty surrounding the sale of over 2,500 newly built flats and the auction of intermediary as well as corner sites.
