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Farmers Upset Over Karnataka Govt’s Land Rate Fixation in Devanahalli
The Karnataka government’s decision to convene a land rate fixation meeting for Devanahalli has triggered widespread concern among farmers. Located close to Kempegowda International Airport, Devanahalli has become a hotspot for land transactions, infrastructure projects, and real estate development.
Farmers argue that the government’s move could undervalue their land while benefitting private developers and investors. Many claim that the proposed land rate changes do not reflect the true market value of their properties, potentially leading to losses for local landowners.
Why Farmers Are Protesting
Fear of Unfair Compensation – Farmers worry that land acquisitions for future projects may offer lower compensation.
Rising Real Estate Demand – With Devanahalli’s proximity to Bengaluru Airport and IT corridors, land rates are soaring. Farmers believe official rates should match market reality.
Transparency Concerns – Farmer groups have demanded clarity on how the government will fix these rates and who will benefit.
Government’s Stand
The Karnataka government maintains that the land rate fixation meeting is part of a legal process aimed at updating guidance values and ensuring uniformity in transactions. Officials argue that this will help reduce disputes and bring transparency in land sales.
However, farmer associations insist that any decision should involve consultation with local landowners to ensure fairness.
Economic Impact
Devanahalli is emerging as a major investment hub, with several industrial, residential, and commercial projects planned. Any revision of land rates will directly impact:
Property transactions
Compensation in land acquisition cases
Real estate project costs
Farmer incomes
This makes the upcoming decision a matter of high financial importance not just for farmers, but also for developers, investors, and the Karnataka government.
FAQ Section
Q1: Why are farmers protesting against the land rate fixation in Devanahalli?
Farmers believe the proposed government-fixed rates will undervalue their land, leading to lower compensation during acquisitions
.
Q2: What is the significance of Devanahalli land?
Devanahalli is strategically located near Kempegowda International Airport and has become a real estate and investment hub.
Q3: How does land rate fixation affect property owners?
Land rate fixation directly impacts sale prices, registration values, acquisition compensation, and taxation.
Q4: What are farmers demanding from the government?
Farmers want transparency, fair valuation, and active consultation before any rate revision is finalized.
Q5: How will this impact real estate investors?
Revised land rates could increase project costs, but they also bring clarity and legal transparency for investors.
Published on :31 th August
Published by : aswini
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