CAG report points to ₹104 crore loss in BMRCL land deal with IKEA
A recent CAG audit has highlighted a possible revenue shortfall of ₹104 crore for BMRCL, linked to the undervalued premium set for a 14-acre plot near Nagasandra Metro Station leased to IKEA. Furthermore, the report identified ₹38.53 crore in unrealized lease revenue from unused commercial areas at 43 metro stations from 2019 to 2022, sparking questions regarding how BMRCL handles its property assets.
by shortkt.com✓