Cupboard to deposit Transferable Growth Rights (TDR) certificates price Rs. 3,014 crore with Supreme Courtroom
Bengaluru: In a bid to avoid issuing Transferable Growth Rights (TDR) certificates price Rs. 3,014 crore to the erstwhile Mysore royal household for a street-widening challenge, the Karnataka Authorities has tabled the Bangalore Palace (Acquisition and Switch) Bill 2025, within the ongoing Meeting session.
The Bill, which replaces the Ordinance issued in January 2024, follows a Supreme Courtroom directive instructing the State Authorities to present TDR certificates to the Mysore royal household for the proposed widening of Ballari and Jayamahal Roads in Bengaluru.
The TDR pertains to 15 acres and 17 guntas of land required for the challenge, which the State Authorities is but to purchase. The Bill is about to take impact from Jan. 27, pending its passage and the Governor’s assent.
Empowering the Authorities to train control over Bangalore Palace land, the Bill aligns with the Bangalore Palace (Acquisition and Switch) Act, 1996, whose Constitutional validity stays below Supreme Courtroom scrutiny.
Moreover, the Bill authorises authorities to withdraw any infrastructure challenge involving Bangalore Palace land, regardless of prior Courtroom rulings or earlier Authorities selections.
Beneath the 1996 regulation, Bangalore Palace land is deemed vested with the State Authorities. The entire worth of the complete 472.16-acre property was decided at Rs. 11 crore as per the 1996 regulation, which has not been stayed by the Supreme Courtroom, the Bill states.
In December 2024, the Supreme Courtroom ordered the issuance of TDRs to the Wadiyars, a transfer opposed by the State Authorities. Following a number of Cupboard discussions, the Authorities promulgated an Ordinance in late January.
Possession of the Palace land stays a contentious difficulty within the Supreme Courtroom, with the State Authorities sustaining that the Bangalore Palace Act, 1996, justifies its acquisition.
Final week, the Supreme Courtroom directed the State Authorities to deposit TDR certificates price Rs. 3,014 crore.
Beforehand, the Authorities had handed an Ordinance signalling the abandonment of the street-widening plans moderately than difficulty TDRs price Rs. 3,014 crore.
Nevertheless, the Supreme Courtroom took a stern view of the Authorities’s shifting stance. In December 2024, in a contempt case, the Courtroom ordered the Authorities to grant TDRs based mostly on prevailing steerage values.
In the meantime, the Karnataka Authorities has now determined to deposit Rs. 3,014 crore price of TDR with the Supreme Courtroom. This resolution by the State Cupboard comes with a plea that the deposited quantity shouldn’t be handed over to the Mysore royal household till the possession dispute over Palace Grounds is resolved.
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