City Beat: Hubballi-Dharwad's Smart City Project Gets A Kickstart [Video]
In a recent development, the Bruhat Bengaluru Mahanagara Palike, the civic body of Bengaluru, has identified as many as 20,000 tax defaulters in the city. These defaulters have not paid dues worth Rs 965 crore this year. earlier, the BBMP had identified 18.5 lakh properties and received Rs 1,960 crore in taxes from nearly 15.14 lakh properties till the second quarters of this financial year. Bengaluru Development Minister K J George has urged the civic body to explore possibilities of outsourcing the tax collection to generate higher revenues.
Gearing up for the Smart Cities Mission, the recently selected twin cities of Hubballi-Dharwad will soon get a special purpose vehicle (SPV) to kickstart the project. The government will also sanction Rs 194-crore funds for the upcoming developments under the smart city project.
Meanwhile, the under-construction steel flyover in Bengaluru will now be extended to the elevated road that leads to Kempegowda International Airport. This is likely to take the earlier project cost of Rs 1,791 crore to Rs 1,900 crore. The project has seen protests given the high per kilometre cost and its adverse impact on the city's green cover.
According to a recently released report, Bengaluru real estate was the top choice for prime office space demand in the country during the third quarter of this financial year. It is to be noted that demand has reached a ten-quarter high of nearly 11 million sq ft, a quarter-to-quarter growth of nine per cent, and a year-on-year growth of 14 per cent.