Govt not to auction excess land acquired for BIA

"No question of auction. It will only be given on a lease basis," he said, responding to H D Revanna (JDS) during question hour in the Legislative Assembly.    

The land, the price of which is Rs three crore per acre, was being utilised to put up facilities/projects and other commercial ventures relating to the BIA, he said.     

 

Of this excess land, the government has alloted 83 acres and 25 cents to the Bangalore Metropolitan Transport Corporation, Mysore Sales International Limited, tourism department, central meteorological department, customs department and New Mangalore Port Trust, among others, Reddy said.