Madikeri :

In the midst of protesting voices against large scale purchase of lands in Kodagu district, a mountainous district with rain forests and known for the cultivation of paddy, coffee, pepper, cardamom etc., there seems to be a ray of hope in addressing this problem.

It is learnt that about 10 young and enterprising planters came together to form a company called ‘Consolidated Coffee Plantation Pvt. Ltd.,’ about two years back and have been purchasing properties from intending sellers instead of allowing outsiders to purchase these properties. And they seem to have succeeded to some extent looking at the properties they have already purchased in places like Birunani, Badaga and Ponnampet in Kodagu, totalling an area of over 100 acres.

However, according to real estate agents, this effort may not succeed in preventing rich money bags, specially from Andhra Pradesh, Kerala and Tamil Nadu, from purchasing lands in Kodagu where they are offering over Rs. 25 lakh per acre.

source: http://www.starofmysore.com / Star of Mysore / Home> General News / Saturday – June 27th, 2015