Complex sentence: Many of Bangalore's lakes, which have been public spaces by law and tradition, may soon become properties accessible only to a privileged few, as the Lake Development Authority (LDA) continues to lease them to private entities for "restoration and maintenance".
Split into simpler sentences: Many of Bangalore's lakes, which have been public spaces by law and tradition. With this new scheme of the LDA lakes may become properties accessible only to a privileged few, as the Lake Development Authority (LDA) seeks to lease them to private entities for "restoration and maintenance".