In a generous gesture, a family in Bangalore has donated a prime property on Hosur Main Road towards one of the metro lines of the Bangalore Metro Rail Corporation Limited (BMRCL), reports the New Indian Express.
84-year-old A Muni Reddy and his family donated a prime land of nearly 268 square meters worth Rs three crores in Bommanahalli over to BMRCL for the 18.8 km R.V. road-Bommanahalli stretch.
MS Channappa Goudar, General Manager, Land Acquisitions Cell, informed that the land has been transferred to BMRCL.
“It was a real surprise when the family handed over the land, and the family members did not want any compensation. This kind of support helps us reduce a little of our project cost,” he added. He expressed hope that other big establishments would emulate the kind gesture.
Phase two of the project which earlier cost Rs 26,405 crore, now increased to Rs 32,000 crore, largely due to high land acquisition costs.
The donation comes at a time when landowners are taking the BMRCL to court in-demand for higher compensation of their properties, and few owners are taking the litigation route, so they do not part from their properties.
The property is located near another of the family’s property, AMR Tech Park, which houses 15 high-end offices and IT firms, employing around 10,000 staff. The property owned by Muni Reddy was passed to his sons- Ramesh, Babu Reddy, Nagabhushan and Lokesh.
Oldest Son, R Prashanth, speaking on behalf of the family said that it was his grandfather’s suggestion to donate the land as their contribution towards the city’s development and the rest unanimously agreed.