real estate scam
State proclaims that the assembly board should scrutinize the apparent BMIC scam which worth a multi Crore
The Bangalore State Government recently made a proclamation that the parliament committee will investigate a suspected property scam of a multi Crore pertaining to a land allocation to the Nandi Infrastructure Corridor Enterprises (NICE) for the execution of the Bangalore Mysore Infrastructure Corridor (BMIC) project.
The Public Works Department minister Mr. HC Mahadevappa in a very sensitive way addressed the parliament going into the nostalgia of the debate in the parliament over the same issue and marked that the administration is not meant for sale. The BMIC project has been and still remains under a lot of suspicion. The panel of the jury will be liable to investigate the misdeeds of the land allocation to the NICE Company.
The minister also declared that the state government reassures the private reserves in infrastructure and the industrial projects and also the current conclusions like the amendments made in tabling Karnataka Land reforms act in the assembly and also the Karnataka Industrial Areas development Board (KIADB), this is actually liable to simplify the land allocation process and is also like a proof of the same. Those members who are cutting across the party-liner are demanding the House panel over all such accusations that around lacks of Acres of expensive land belonging to the government in the location across Bangalore has been sold off to NICE, on the same hand the NICE has in turn sold the same entity to Big ticket Real estate companies and that for a huge and a hefty amount.
As the new government is now function along with the new budget there is an expectation of investments in various old and new businesses that creates jobs and result in huge and a passive improvement of consumption across India. The sentiments have already seen positivity as the companies plan to expand their business ventures and are looking for office space to be leased and also the blooming stock market is doing the needful in gaining back the positive trust.
Acclaiming to the anterior Prime Minister HD Deve Gowda the minister held a statement that the CM in the early 1995 approved the BMIC Project with a calm and a fair purpose to mend and improvise the infrastructure. But as days passed a lot of grievances, litigation and criticism piled up. All such led to a lot of distrust and hence there was a setback involving a hundreds of Crore of rupees. Hence the minister concluded that the government is not for sale in any circumstances.