The record
Written from the 1 report below. Nothing here is unsourced.
- The rebate window for converting B-Khata properties to A-Khata in Bengaluru closed on August 23 with only 80,412 applications, about 12% of an estimated over 7 lakh eligible properties.
- Despite a reduced conversion charge of 2% of guidance value, participation was low until a surge of 32,000 applications in the final nine days, and the applications have so far generated ₹525.7 crore in revenue for the corporations.
- Officials said many applications are still under review and revenue could rise, but there are no current discussions on extending the rebate.
- Corporations are reluctant to offer another rebate because their budgeted revenue from conversions has fallen short.
What to watch next
- Whether the rebate scheme will be extended after the last-minute surge in applications
- Final revenue figures as pending applications are reviewed
- Whether changes are made to address the issue that conversion does not regularise buildings constructed on the property
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English national1
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Named India · Bengaluru North City Corporation · Greater Bengaluru Authority
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