The Supreme Court has directed the Karnataka government to provide ₹3,000 crore in Transferable Development Rights (TDR) certificates to the heirs of the Mysore Maharaja. This compensation is for 15 acres of land near Jayamahal and Bellary Roads, following a verdict issued on Tuesday.
The Bruhat Bengaluru Mahanagara Palike (BBMP) has been instructed to use a guideline rate of ₹2,83,500 per square meter for land adjoining Bellary Road and ₹2,04,000 per square meter for Jayamahal Road. These updated valuations significantly surpass the state government’s earlier rate of ₹120.68 per square meter set in April 2024. The TDR will allow developers to create over 3 lakh square meters of additional construction in the area, boosting real estate growth.
Activists have criticized the government for undervaluing the palace land and alleged collusion with the real estate lobby. Despite repeated requests, the Revenue Department did not provide an official guidance value under Section 45(b) of the Karnataka Stamp Act, 1957, leaving the BBMP in limbo.
The Karnataka Rashtra Samithi accused officials of negligence, calling it a potential real estate scam. The party demanded action against ministers and bureaucrats for mishandling public assets.
Petitioner Chaduranga Kantaraj Urs pointed out the government’s failure to provide market value compensation, emphasizing that public acquisition laws must be followed.
The judgment reinforces that fair compensation is non-negotiable in land acquisitions.
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