Bengaluru: DCM DK Shivakumar earmarks ₹1600 crores in tax revenue from KR Pura and Mahadevapura for its own development

In a significant development for the residents of KR Pura and Mahadevapura, Deputy Chief Minister DK Shivakumar has unveiled an ambitious plan to allocate ₹1600 crores in tax revenue exclusively for the development of these areas under the East Corporation. The announcement comes as a major relief to the local population, particularly in light of the rapid growth in IT employment and infrastructure needs.

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Taxes collected from over 50 wards in East Corporation

The ₹1600 crore fund, derived from taxes collected from over 50 wards in the East Corporation, will be directed towards a variety of critical infrastructure projects, including extensive road repairs and improvements. This move is expected to address long-standing issues in the region, where the increase in IT professionals has put significant pressure on existing infrastructure.

The development plans come as a response to the fast-paced growth in these areas, which have witnessed a surge in the number of IT employees and businesses. With the growing demands of urbanization, issues such as traffic congestion, inadequate roads, and lack of public amenities have become major concerns for the residents.

Shivakumar's announcement is seen as a proactive step towards providing lasting solutions to these challenges. By reserving such a substantial fund for the development of KR Pura and Mahadevapura, the government aims to improve the overall quality of life for its residents and facilitate the area's continued growth as a vital part of the city's economy.