Karnataka govt action plan moots four new metro lines

The Karnataka government recently released an action plan to make Karnataka a $1 trillion economy and has proposed four new metro lines for Bengaluru to provide citizens access within 1–2 km of their place of work or residence by 2032. The proposed metro lines will cost Rs 27,000 crore, and will “drive Bengaluru towards its target of metro access to every citizen within 1–2 km of their place of work or residence by 2032,” according to the action plan.

To reduce congestion and raise revenues, it is proposed to levy a congestion charge on vehicles coming into Bengaluru during peak hours from nine entry points. To help startups, the government also proposes to create an annual fund of Rs 500 crore by levying a surcharge of 5% on excise duty on liquor and hopes to have 10,000 startups outside Bengaluru by 2032. For those looking to invest in Bengaluru, there is no better option than investing in a plot of land. Shanders projects have all the necessary government and statutory approvals, have been given the thumbs up by a number of leading banks, and offer speedy home loans.

The real estate market in the city is divided into three concentric rings, and no matter where you are located in Bengaluru, there is a plot of land available at the right price for you. Shanders also offers the unique opportunity to buy a plot and villa at the loans and the ability to customize their plot of land, Shanders is providing the perfect opportunity to own a freehold property. The real estate market in Bengaluru is divided into three concentric rings, with plots of land available in each, at the right price for every investor. Shanders is also offering the unique opportunity to buy a plot and villa at the price of a 3BHK apartment, giving buyers the chance to design their dream home from 800sqft to 3600sqft built up area.

The action plan also includes four new metro lines for Bengaluru, spanning 59 km and costing Rs 27,000 crore. The new lines will ensure metro access to every citizen within 1–2 km of their place of work or residence by 2032. To reduce congestion and raise revenues, the government is proposing to levy a congestion charge on vehicles coming into Bengaluru during peak hours from nine entry points.

The action plan also has proposals to create to 12 ‘good life’ clusters by adopting “30–minute proposals” to ensure citizens have access to a range of services, and to establish a Rs 1,000 crore Beyond Bengaluru growth fund for angel investment in startups. Investing in a plot of land in Bengaluru is the perfect option for secure investment with the ability to customize to fit your exact needs. With all the necessary government and statutory approvals, speedy home loans, and the ability to customize their plot of land, Shanders is providing the perfect opportunity to invest in a secure and customizable plot of land. Don’t settle for a flat, invest in your own villa and make your dream home a reality.

Read more at: https://www.deccanherald.com/state/karnataka-govt-action-plan-moots-four-new-metro-lines-1198698.html

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