Overview
- The state will lease 110 acres and 20 guntas at Kunigal Stud Farm to the Bangalore Turf Club for 29 years with an option for another 29 years, priced at 2.5% of guidance value annually.
- BTC has two years from issuance of the government order to shift racing from Bengaluru’s High Grounds, with meetings to continue at the current track until the Kunigal facility is ready.
- From roughly 83 acres in the city centre, the club retains four acres with its heritage building, and the remaining land is designated for a public lung space.
- Financial terms require clearing pending rent dues and depositing 2% of annual income with the Public Works Department from 2010 until vacating, addressing losses from unrevised rents.
- Club members estimate a new 2,200–2,400 m track could cost up to ₹600 crore and say external funding may be needed, with a compromise petition expected to withdraw earlier court opposition.