The Rs 3,250 crore (Rs 32.5 billion) Bangalore - Mysore Infrastructure Corridor has hit another hurdle.
The project has been plagued by controversies.
May take 10-15% in Phase II of Bengaluru-Mysore road for Rs 500 crore.
The Lokayukta court in Bengaluru on Thursday ordered a probe against three former Karnataka chief ministers -- former prime minister H D Deve Gowda, External Affairs Minister S M Krishna and B S Yeddyurappa, on a complaint alleging irregularities in the Bangalore-Mysore expressway project.
A complaint was on Wednesday filed in the Lokayukta court against four former Karnataka chief ministers, including former prime minister H D Deve Gowda and External Affairs Minister S M Krishna, for alleged irregularities in the Bangalore-Mysore expressway project.
Global private equity majors - Standard Chartered Private Equity and London-headquartered 3i - are understood to have shown keen interest to invest in the litigation-prone Rs 4,000 crore (Rs 40 billion) Bangalore-Mysore expressway being developed by Nandi Infrastructure Corridor Enterprise Limited (NICE).
During the last few years, Mysore has been witnessing unprecedented growth in real estate, with a large number of housing co-operative societies having secured land for development of residential colonies.
The Supreme Court on Monday said work on the multicrore Bangalore-Mysore express corridor project would continue but no land earmarked for the project could be alienated.
The promoter of the Rs 22.50 billion Banagalore-Mysore expressway project alleged before the Supreme Court on Tuesday that the former prime minister was trying to scuttle the project for political reasons.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances