CAG flags ₹104 crore loss in BMRCL-IKEA land deal

A CAG audit has flagged a potential ₹104 crore revenue loss for BMRCL over the lower premium fixed for a 14-acre land parcel near Nagasandra Metro Station that was leased to IKEA. The audit also found ₹38.53 crore in lost lease income from vacant commercial spaces across 43 metro stations between 2019 and 2022, raising concerns over BMRCL's property management.