Bangalore (Metro Rail News): Bangalore Metro Rail Corporation Limited (BMRCL) will acquire the Nandi Infrastructure Corridor Enterprise Limited (NICE) land for the ongoing Namma Metro metro projects for which it has paid Rs 65 crore as compensation.
According to the sources, the Karnataka Industrial Area Development Board (KIADB) which is the agency acquiring the land on behalf of BMRCL, has paid around Rs 65 crore in compensation.
According to an official, Rs 15.04 crore has been paid for acquiring 3,327 sqm of NICE land near the Bangalore International Exhibition Centre (BIEC) on Tumakuru Road whereas the document verification is on for the remaining 4,792 sqm of land. This land has been acquired by BMRCL for building a viaduct and for the construction of a metro station for extending the Green Line from Nagasandra to Madavara (BIEC).
Compensation of Rs 49.42 crore was paid for acquiring 6,785 sqm of land on Hosur Road where BMRCL has built the Electronics City metro station and an elevated corridor of the R.V. Road to Bommasandra line. The official said compensation is yet to be paid for acquiring land on Kanakpura Road and Mysuru Road.
