Karnataka: Govt planning to sell its leased land


Team Udayavani, Jun 26, 2020, 11:35 AM IST

Bengaluru: The State government is planning to sell its land already leased to private entities to stave off some of the revenue shortfalls due to the COVID-19-induced lockdown.

Several companies, educational institutions and places of worship have leased land from the government. The lease for this land is renewed annually.

The government now proposes to sell off the land to the lessees at market rate to replenish the State’s treasury.

Law Minister Madhuswamy has stated that the government would sell these properties to their present occupiers instead of renewing the yearly lease.

In case if the lessees refuse to buy the land then the government will take back ownership of the land.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Karnataka: Nine Lord Ayyappa devotees suffer burn injuries in LPG cylinder blast

Record govt jobs provided in one, one and a half years: PM Modi

Kota: Protest at Sasthan Toll opposes charges on local commercial vehicles

Coaching crisis, heartbreaks and Olympic setbacks mark a disastrous year for Indian boxing

Charan Singh dedicated life for welfare of farmers: Adityanath

Ready with plan to tackle Bumrah, says Sam Konstas

Kundapura: Body of drowning victim found after jet ski incident

Related Articles More

Karnataka: Nine Lord Ayyappa devotees suffer burn injuries in LPG cylinder blast

Man arrested in Kasaragod operated as terror sleeper cell, plotted assassination of Hindu leaders

Enthusiasts express displeasure over omission of Yakshagana at Kannada Sahitya Sammelana in Mandya

Udupi: Bhagavad Gita should be a way of life, says Subrahmanya Sri

Udupi: Workshop on Bhagavad Gita for students at Yuva Geetotsava

MUST WATCH

Tulunadu Daivaradane

Feeding Birds with Creative Paddy Art!

Areca Nut

HOTEL SRI DURGA BHAVANA

Harish Poonja


Latest Additions

I never liked dubbed English films: Sanjay Mishra

TTD sub-temple in Tarigonda receives golden crown donation

Murder accused hurls slipper at judge in Thane court; booked

Karnataka: Nine Lord Ayyappa devotees suffer burn injuries in LPG cylinder blast

Record govt jobs provided in one, one and a half years: PM Modi

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.