Mysuru body to raise ₹1,000 crore via online plot auctions
Representative AI image MYSURU: The Mysuru Development Authority (MDA) plans to raise ₹1,000 crores through the auction of its vacant plots, which include various corner sites across different layouts. This online auction aims to generate funds for developmental projects and to deter encroachment by land sharks while ensuring better land asset utilization. Approximately 150 acres of land in numerous layouts like Vijayanagar (I to IV stages), Lalithadri Nagar, Vijayshreepura, Dattagalli, JP Nagar, Devanuru, Rajiv Nagar, and Hebbal are available for the urban body. After developing around 700 layouts, which were transferred to urban local bodies such as Hootagally CMC and…
