Coronovirus effect on the personal finances and property


The lockdown announced by the Government has adverse impact on the economy and it might take a long time for the recovery. The RBI has announced the deferment of the EMI on the personal loans, Credit Card and Home Loans for 3 months. But the dues must be paid with interest in the coming months.… Read More

CORONOVIRUS-LOCK DOWN OF THE ENTIRE STATE BY THE ADMINISTRATION


In order to contain the Coronovirus, the State Government of Karnataka has clamped complete lock down and has advised citizen to self quarantine themselves by staying back home. Severe legal action will be taken on those who violate it. Except Emergency and Essential Services are permitted. All other services are hereby stalled and all stores,… Read More

BBMP gets slap from SC for the application on the High Court Orders regarding Illegal and unauthorised buildings and constructions


In a major setback to BBMP, the SC declined to entertain the application for a TI and said that it would confirm the order of the High Court related to the survey and subsequent removal or demolition of illegal structures or constructions in the BBMP Limits. Earlier, the High Court of Karnataka directed the BBMP… Read More

REGISTRATION OF PROPERTIES WITH NEW PROCEDURE IN KARNATAKA


With the onset of new procedures, streamlining the registration process to bring more authenticity, the department has made some changes regarding the scanning of katha and verification of katha and rtc online. The documents will be verified and logged in for the registration. If there is any no issue or court orders against the schedule… Read More

KEY HIGHLIGHTS OF UNION BUDGET 2020-21


Ministry of Finance BUDGET 2020-2021 Presenting the first Union Budget of the third decade of 21st century, Finance Minister Smt. Nirmala Sitharaman, today unveiled a series of far-reaching reforms, aimed at energizing the Indian economy through a combination of short-term, medium-term, and long-term measures. The Key Highlights of Union Budget 2020-21 are as follows: Three prominent… Read More

WE SALUTE THE HEROES who have been conferred with Distinguished service and gallantry award winners on Republic day 2020- We Congratulate the Winners.


The President has approved awards of 409Gallantry and other Defence decorations to Armed Forces personnel and others on the eve of 71stRepublic Day celebrations. These includes nineShaurya Chakras, 28 Param Vishisht Seva Medals, four Uttam Yudh Seva Medals, 53 Ati Vishisht Seva Medals, 10 Yudh Seva Medals, 123 Vishisht Seva Medals, fourBar to Sena Medals… Read More

ILLEGAL AND UNAUTHORISED PROPERTIES (BUILDINGS) WILL BE PENALISED by the levy of double tax


It is learnt that the State Government of Karnataka has proposed to double the existing property taxes for the unauthorised constructions or buildings and the buildings which have violated the sanctioned plans or by laws, till its demolition or regularisation. Payment of this double tax does not confer any right, title and interest to the… Read More

MARADU OF BANGALORE- A NEWS REPORT FROM NEWS CHANNEL – This the view and report-republished for information only.


MARADU OF BANGALORE
This is only for information
https://www.facebook.com/202067876527554/posts/2808318209235828/?sfnsn=wiwspwa&extid=todGv1TjMUUGDPZo&d=w&vh=e

HIGH COURT DIRECTIONS ON ILLEGAL AND UNAUTHORISED CONSTRUCTION WITHIN BBMP LIMITS


The High Court of Karnataka has come down heavily on the BBMP and its lethargic attitude regarding the demolition of illegal and unauthorised construction and sought clarification from the BBMP. The Court was not pleased at the reply, which was evasive and the court was intimated that the civic authority does not have money and… Read More

Regularisation of properties within BDA jurisdiction-Old Wine in New Bottle


The present Government in karnataka has proposed a regularisation scheme of properties within BDA ambit, which includes, properties, (some or few) which had been notified for acquisition, but could not take possession, buildings with violations and buildings without approved building plan. It is said that there are over 75,000 such properties in BDA layout. It… Read More

Deal with the best and the reputed Agencies and companies to buy properties- With excellent track recrod & reference without criminal cases and do not go by internet ratings.


BE CAREFUL- THERE ARE VARIOUS TYPES OF AGENTS, BROKERS, MARKETING AGENCIES AND COMPANIES, SELLING OR OFFERING PROPERTIES. Some are freelance agencies, all are engaged in different forms and names and many have formed illegal syndicates to sell properties. There are agents, who have close contacts with criminals, approach the buyers, saying that they have the… Read More

Home Loans and other expenditures- Addition to the sale value of the properties.


The values quoted hereunder are approximate and for practical study. Salaried personal and mid level businessmen usually opt for home loans to avail loans at competitive interest rates and also to save tax. The general bank condition is that the minimum investment from the buyers must be 20% to 25% and the remaining sale value… Read More

FARM SITES-LANDS IN AND AROUND CITIES IN KARNATAKA-There may be a notification on such illegal activities


Due to abnormal complaints about illegalities in the FARM SITES/LANDS across major cities in the state of Karnataka, empowered by the KLR Act, the State Government may decline to provide or allot or allocate separate Sub number or Survey Number for such properties. The proposal was with the Government for a long time, as there… Read More