
Bengaluru City Corporation Unveils 3,427-Crore Budget with Focus on Business Corridors, Bike Ambulances and Elderly Homes
Bengaluru Central Corporation Unveils Budget to Elevate Commercial Profile Globally
The Bengaluru Central Corporation has presented a budget of ₹3,426.60 crore, with a total revenue of ₹3,427.34 crore, resulting in a surplus of ₹78.65 lakh.
Key Initiatives:
- Business Corridors: Selected roads will be developed as business corridors with modern infrastructure, featuring higher premium fees collected from property owners reinvested into sustainable urban growth.
- Premium FAR Policy: Property owners can pay extra charges to construct larger floor areas, generating ₹350 crore for comprehensive citywide development.
- Road Upgrades and Flood-Resilient Infrastructure: ₹217.50 crore will be used to upgrade arterial and sub-arterial roads, with 145 km of asphalting planned by May 2026. 10.96 km of major stormwater drains are under construction at a cost of ₹69 crore, with 8.11 km already completed.
- Pedestrian Safety and Smart Mobility: The corporation plans to upgrade 12 major junctions under the Suraksha scheme, while the Hejje Hejjege Surakshe initiative will revamp 50 km of existing footpaths and construct 15 km of new elderly- and disabled-friendly footpaths.
- Green Initiatives and Sustainable Development: Bengaluru Central is promoting a clean and green city through EV charging stations, dedicated bicycle tracks, and pedestrian-friendly walkways. A dedicated Urban Design Cell has been established to oversee urban planning, transport, and public spaces.
- Heritage and Market Redevelopment: The budget allocates ₹70 crore for the comprehensive redevelopment of Russell Market, while ₹20 crore will improve other markets, preserving heritage while adding modern amenities.
- Citizen Welfare Programmes: Putani Park and other green spaces will be upgraded at a cost of ₹34 crore. Women entrepreneurs from SC/ST communities will get electric two-wheelers and e-vending vehicles, while the Sarathi scheme provides financial support to 450 unemployed youth.
- Technology, Digitisation, and Digital Governance: AI training will be introduced for students, while the Cyber Kavacha campaign will raise awareness on online fraud. Property digitisation, e-Khatas, and B-Khata to A-Khata conversions are expected to boost revenue.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Long-term Urban Planning:
The Greater Bengaluru Authority is preparing a new Master Plan for the next 25 years, focusing on redevelopment of the city's core. Projects include widening Padarayanapura Main Road in Chamarajapete from 9 meters to 24 meters.
Revenue Targets:
The corporation aims to achieve ₹1,150 crore in revenue for 2026-27, building on ₹900 crore collected in 2025-26 from property tax, trade license, and other sources.
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Investor Takeaway
Investors may consider Bengaluru's real estate sector for potential growth opportunities.
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