Karnataka Cabinet approves Integrated Satellite Township project in Bengaluru South district at a cost of ₹18,133 crore
The Karnataka Cabinet has given in-principle approval for the Integrated Satellite Township project in Bengaluru South district at a cost of ₹18,133 crore. The project involves acquiring 7,404 acres across nine villages in Ramanagara taluk and includes a compensation package for affected farmers. A bank guarantee of ₹7,500 crore will be provided to support the initiative.
- ▪The Integrated Satellite Township project in Bengaluru South district has been approved at a cost of ₹18,133 crore.
- ▪The project requires the acquisition of 7,404 acres in nine villages of Ramanagara taluk.
- ▪The Karnataka Cabinet approved a compensation package for farmers affected by the land acquisition.
- ▪A bank guarantee of ₹7,500 crore will be issued for the implementation of the project.
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The Integrated Satellite Township project in Bengaluru South district that had kicked up a political storm will be implemented at a cost of ₹18,133 crore. The State government gave in-principle approval to the project as well as compensation package to farmers on Thursday.The Cabinet on Thursday agreed to provide a bank guarantee to a tune of ₹7,500 crore to the project that will entail acquisition of 7,404 acres in nine villages of Ramanagara taluk in Bengaluru South district.
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