The Government of Karnataka on July 20, 2024, issued the Draft Bruhat Bengaluru Mahanagara Palike (Estate Management) Rules, 2024.
The following has been stated namely: -
• It states that the sale of Bruhat Bengaluru Mahanagara Palike immovable properties shall be limited to State or Central Government departments, PSUs, or state-owned bodies with government sanction, priced at guidance value under the Karnataka Stamp Act, subject to potential rebates by the State Government.
• It states that the lease of Bruhat Bengaluru Mahanagara Palike immovable properties:
o up to 5 years with Standing Committee approval
o 5 to 15 years with Council approval
o 15 to 30 years with Government approval
o leases beyond 30 years are prohibited
• It states that the properties failing to lease in auctions shall be re-auctioned up to four times, reducing OTD or upsetting price each time.
• It states that 17% of the reservation shall be for Scheduled Castes, 7% for Scheduled Tribes in shop leases, and 2% reserved for persons with disabilities, of at least 40%, allocated through open auction among eligible categories.
Kindly refer to the attached document for detailed notification.
The Objections or suggestions, if any, with respect to these draft rules shall be taken into consideration till August 20, 2024, and may be sent by post to "the Additional Chief Secretary to Government, Urban Development Department, Vikasa Soudha, Bengaluru – 560001”.
[Notification no. - UDD 280 BBS 2023 (E)]
