Tag: Karnataka Industrial Areas Development Board

IndustryLatest Stories

Embassy Developments’ Subsidiary Ordered to Surrender 78 Acres in Bengaluru

Representative image NEW DELHI: Embassy East Business Park (EEBP), a subsidiary of Embassy Developments, has received an order from the Karnataka Industrial Areas Development Board (KIADB) to surrender possession of a 78-acre land parcel in Bengaluru within 30 days, according to a BSE filing by the company. The order, dated March 16, 2026, concerns land located in the Kadugodi Industrial Area, which EEBP has held under a lease-cum-sale agreement executed in June 2007, set to remain in effect until June 2029. KIADB has invoked provisions under section 34B of the Karnataka Industrial Areas Development Act, 1966, claiming a breach of…

IndustryLatest Stories

Karnataka Allottees Await Sale Deeds from Industrial Board

Representative image created by AI BENGALURU: Prolonged delays and disputes in the issuance of sale deeds by the Karnataka Industrial Areas Development Board (KIADB) are severely impacting entrepreneurs. Many have reported being stuck despite having fully paid for their plots years ago. According to interviews conducted by TOI, numerous allottees find their industrial aspirations hindered due to land embroiled in legal disputes or pending sale deeds caused by bureaucratic obstructions. A 72-year-old resident of Isro Layout, who applied for a plot in Harohalli III Phase in 2004, mentioned that he was only called for an interview in 2016. After investing…

InfrastructureLatest Stories

Karnataka CM Halts Land Acquisition for Aerospace Park

The Chief Minister of Karnataka, Siddaramaiah, announced on Tuesday that the government will not proceed with plans to acquire land near Bengaluru’s international airport for an aerospace park, effectively putting an end to a three-year-long protest by farmers. Farmers from several villages in Devanahalli taluk have been demonstrating against the acquisition of their agricultural lands for industrial development. After extensive discussions with farmer leaders, the CM mentioned that the government is open to purchasing land from farmers willing to sell, offering higher compensation than the market value or a greater share of developed land as trade. Officials stated that these…