High Court -Probe Karnatka Government Land Scam

The High Court of Karnataka just a while ago announced that a high level inquiry by Lokayukta must be conducted on how Karnataka Industrial Area Development Board encroached 18,000 acres of land in and around Bangalore city. Modus Operandi - Several vested interest politicians used KIADB as government's face to acquire land and hand them over to private companies including real estate developers.

It is well known fact that companies like Infosys used KIADB and acquired vast stretches of land at prices far lower than what was prevailing in the market. Read about Naryana Murthy's hunger for real estate. The High Court of Karnataka has stopped all land acquistions until further notice stating that land was acquired by pressure and forceful tactics. It reminds me of my history classes on how India had lost its independence to British. The same thing is happening now - Global Corporations are grabbing land in India as if their is no tomorrow.

Also, the Government of Karnataka headed by H D Kumarswamy is planning to SELL part of the land acquired from farmers for the construction of Bangalore International Airport to private developers. [Some Real Estate companies backed by Politicians will Grab those stretches of Lands]

Tags: Real Estate Scam, Bangalore Real Estate Scam, India Scam, India Real Estate