The Cabinet on Wednesday decided to start acquiring land for the Peripheral Ring Road (PRR) with a new compensation model that the government hopes will kickstart the long-pending project that promises to decongest Bengaluru.
A total of 1,810 acres of land spread across 67 villages or settlements have been marked for acquisition.
“Landowners who will lose below two acres will be compensated based on the 2013 land acquisition law. Those losing more than two acres will get 50% cash and 50% of transfer of development rights (TDR),” Deputy Chief Minister CN Ashwath Narayan said, briefing reporters after the Cabinet meeting.
The earlier TDR-heavy approach was not successful, Narayan pointed out. “That’s why we’re now giving cash and TDR.”
