en.Wedoany.com Reported - The Karnataka government has announced adjustments to urban development regulations, planning to offer a higher Floor Area Ratio (FAR) in tier-2 and tier-3 cities outside Bengaluru to attract industrial investment and reduce corporate infrastructure costs.
Under the latest policy, cities such as Kalaburagi, Hubballi-Dharwad, Mysuru, Belagavi, and Mangaluru will benefit from relaxed zoning regulations. The government will provide a 0.6 times preferential FAR reduction and allow new developments to achieve up to double the standard FAR. As land acquisition costs in these regional centers are significantly lower than in Bengaluru, the higher FAR will help industrial enterprises achieve vertical expansion at a lower cost.
In addition to commercial incentives, the state government has introduced social infrastructure support measures. Chief Minister D.K. Shivakumar announced that Corporate Social Responsibility (CSR) funds will be used to build 2,000 model schools at the village administrative council level. Participating companies can each invest between 100 million and 150 million rupees directly in building school infrastructure, rather than channeling funds through public agencies.
Furthermore, the government has launched the "Yuva Udyoga Setu" online private sector employment platform to connect certified job seekers with business enterprises. The state's skill development department will be responsible for providing professional technical training to align regional candidates with industry requirements. During a progress review briefing, Shivakumar stated that the core goal is to encourage industries in tier-2 and tier-3 cities to create immediate job opportunities, and recommended that companies prioritize local candidates after management discussions.
This combined strategy of real estate optimization and local workforce development aims to balance economic wealth distribution, protect rural communities, and promote balanced regional growth by building competitive industrial alternatives.
