Karnataka Cabinet agrees to deposit conditional TDR of Rs 3,400 crore for Bangalore Palace land
The ownership of Bangalore Palace land has been challenged in the Supreme Court, with the Karnataka government maintaining that the Bangalore Palace Act provided for the acquisition of lands around the palace.
the ownership of palace land remains challenged in the Supreme Court, with the state government maintaining that the Bangalore Palace Act, 1996, provided for the acquisition of the lands around the palace. (Source: File) The Karnataka Cabinet on Wednesday decided to deposit Transferable Development Rights (TDR) worth Rs 3,400 crore with the Supreme Court as compensation for the land around the Bangalore Palace required to widen Ballari and Jayamahal roads. The deposit will be conditional, with the state government petitioning the court against the use of the corpus by the erstwhile Mysuru royal family, until a resolution is reached over the ownership of the palace land.
The Supreme Court had recently directed the state government to deposit the TDR within a week based on a plea by the Wadiyars, the erstwhile royal family of Mysuru. After the court directed issuing TDR to the Wadiyars in December last year for the proposed land acquisition by the government, the state government had passed an ordinance dropping the proposal to acquire around 15 acres and 39 guntas of land to widen the two roads.