The Mysuru Development Authority recovers 150 acres of encroached land across the city, planning to convert the parcels into residential sites for auction.

The Mysuru Development Authority (MDA) plans to generate approximately ₹1,000 crore by digitally auctioning about 150 acres of developed land parcels across established Mysuru layouts. This capital raise is crucial for funding key infrastructure and new housing schemes.

The Mysuru Development Authority plans to mobilize significant capital, targeting ₹1,000 crore by auctioning approximately 150 acres of developed, vacant land parcels online. This strategic land monetization aims to fund critical infrastructure and new housing developments while securing assets against unauthorized occupation.

Mysuru Development Authority's latest land auction generated ₹100 crore from 75 plots, with prices reaching ₹33,000 per square foot, raising serious concerns about housing affordability and market speculation.