Bengaluru landowners may face tax hike due to PRR project: Report

Bengaluru landowners could face significant tax hikes due to a new report on the Peripheral Ring Road (PRR) project. The PRR project aims to improve connectivity and reduce congestion in the city, but it also involves land acquisitions and changes to land valuations. The new report suggests that landowners along the PRR route may see an increase in property taxes as the government evaluates land values in the area. The development has sparked concerns among landowners who fear the financial implications of the proposed tax hikes, especially as property prices are expected to rise due to improved infrastructure.