What's in Bengaluru's ₹19,930 Cr Budget? 5 Key Announcements
Here are 5 things you would want to know about Bruhat Bengaluru Mahanagara Palike's (BBMP) Budget for 2025-26
- BBMP's budget outlay of Rs. 19,930 crores is 50% higher than last year's budget. This is the fifth consecutive budget being presented without an elected body.
- BBMP has collected property tax of around Rs 4,900 crore in the year 2024-25, which is the highest in India for the second consecutive year.
- The BBMP has also proposed to collect a solid waste management user fee along with property tax from the year 2025-26. As against this, for FY 2025-26, Rs 1,400 crore has been allocated to Bengaluru Solid Waste Management Limited for the collection and transportation of solid waste, segregation and processing, development of landfills, and maintenance of solid waste processing units.
- 65% of the budget is allocated for development works. Under Sugama Sanchara Bengaluru, BBMP will undertake Rs 73,600 crore worth of projects under a Special Purpose Vehicle .The projects include North-South and East-West tunnel roads estimated to cost Rs 42,000 crore. BBMP will also construct 110 km of elevated corridor at a cost of Rs 13,200 crore. Additionally, BBMP is planning an Integrated Metro-Flyover project (Double Decker) covering 40 km at a projected cost of Rs 9,000 crore. The civic body has also proposed to construct 300 km of road adjacent to stormwater drains at a sum of Rs 3,000 core.
- BBMP will build an online Transferable development rights (TDR) market place. This will expedite the land acquisition for infrastructure projects.