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According to the notification, the compensation structure for landowners is that they will receive twice the area of land surrendered in lieu of monetary compensation as Development Rights (DR), along with two times the building area surrendered. This second compensation will be calculated based on the value of the surrendered building area divided by the market value of the land on which the building is situated.
Both the ruling Bharatiya Janata Party and the opposition Congress have promised to amend the contentious Karnataka Apartment Ownership Act and address homebuyers’ problems.