GATED COMMUNITIES- THE LEGAL ANGLE AND THE TRUTH


IF IT IS A LEGITIMATE LAYOUT WITH ALL CLEAR TITLES AND APPROVALS, EXAMINE AND THE READ ALL THE CLAUSES AND THE APPROVAL CONDITIONS TO UNDERSTAND THE GATED ???????????????????????????????????????????????? RECENTLY, IN BANGALORE NORTH, THE VILLAGERS (LOCALITES) LODGED CRIMINAL COMPLAINT AGAINST THE ASSOCIATION AND BOOKED THEM UNDER CRPC FOR BLOCKING THE ROADS. 

INTEREST RATE HIKE-RBI


THE RESERVE BANK OF INDIA MIGHT INCREASE THE REPO RATE AND THE LENDING RATES OF THE BANKS WILL ALSO GO UP. The rate increase is its eleventh since March 2010, making the RBI one of the most aggressive inflation fighters among central banks. This has taken the market by surprise as most analysts expected the … Continue reading INTEREST RATE HIKE-RBI

SUPRME COURT OF INDIA HAS SUPRME POWERS TO DEAL WITH ILLEGALITY- THE BENCH


SUPREME COURT OF INDIA GOES SUPREME -  THE BENCH WHILE DISPOSING OFF A SUIT SAID THAT The limits of power exercised by the Supreme Court when it chases injustice are the sky itself, when the ordinary law does not meet the demand of justic “It is plenary power (SUPER POWER) exercisable outside the purview of ordinary law to meet … Continue reading SUPRME COURT OF INDIA HAS SUPRME POWERS TO DEAL WITH ILLEGALITY- THE BENCH

BUILDING VIOLATION AND DEVIATION AT BANGALORE


THE PROPOSED LIMITS FOR THE REGULARISATION UNDER AKRAMA - SAKRAMA IS 50% IN RESIDENTIAL BUILDING 25% IN COMMERCIAL BUILDING THIS INCLUDES FAR VIOLATION + SET BACK DEVIATION OR VIOLATION-  CHECK OUT YOUR BUILDING, IF YOU ARE A LAW ABIDING CITIZEN AND GET IT REGULARISED AS AND WHEN THE HIGH COURT GIVES ITS VERDICT OR THE … Continue reading BUILDING VIOLATION AND DEVIATION AT BANGALORE

2G SCAM- MORE SKELETONS TUMBLE OUT –


THE FAMOUS RAJA OF 2 G SCAM CHARGES P.CHIDAMBARAM AND P.M. MANMOHAN SINGH AS XXXXXXXXXXXX AND STATES THAT HE FOLLOWED THEIR DIRECTIONS Former Telecom Minister and 2G accused A Raja on Monday dragged in the Prime Minister and then finance minister Chidambaram names while defending himself in court. Deposing before a special CBI court for … Continue reading 2G SCAM- MORE SKELETONS TUMBLE OUT –

REGULARISATION OF REVENUE SITES IN BBMP LIMITS – AN OPPORTUNITY FOR INVESTORS – MARKET WILL FINETUNE THE PRICES


THE AKRAMA -SAKRMA SCHEME AND THE PROPOSED REGULARISATION OF REVENUE SITES BY THE BBMP  WILL THROW IN LARGE NUMBER OF PROPERTIES FOR SALE AND THE MARKET MIGHT REACT WITH A DEPRESSING NOTE FOR SUCH SUPPLY AND HENCE THE PRICES MIGHT GET SHOCKING JOLT(REDUCTION IN PRICES) IS EXPECTED BY THE INVESTORS. 

MISCONCEPTION ABOUT THE MARKET PRICE AND GUIDANCE VALUE


THE SELLERS ARE IN GREAT MOOD HOPING THAT THE PRICES OF THE PROPERTIES HAVE GONE UP WITH THE REVISION OF GUIDANCE VALUE.  THIS IS A MISCONCEPTION. IN REALITY, THERE WILL NOT BE GOOD DEMAND FOR THE PROPERTIES DUE TO THE REVISION AND INCREASE. THE REASONS ARE: THE SELLERS HAVE TO PAY ADDITIONAL STAMP DUTY AND … Continue reading MISCONCEPTION ABOUT THE MARKET PRICE AND GUIDANCE VALUE

Health insurance should cover OPD and childbirth – IRDA


The Insurance Regulatory & Development Authority (IRDA) suggested that ‘health insurance benefits should include outpatient department (OPD ) in hospitals, including childbirth, and asked state governments to universalize the cover. Health insurance claims are settled generally if a patient is hospitalised for at least 24 hours and child birth too is not covered under most health policies. … Continue reading Health insurance should cover OPD and childbirth – IRDA

Regularisation of Revenue Sites within BBMP limits ?


Though the Government resolved and amended the KLR Act to empower the BBMP to regularise the revenue properties collect the penalty, the appropriate order could not be enforced due to various political and legal compulsions.  More than 20% to 30% of these revenue properties cannot be regularised as they are in green belt, on raja … Continue reading Regularisation of Revenue Sites within BBMP limits ?

GOVT (GUIDANCE VALUE) VALUE- MARKET VALUE


THE REVISED GUIDANCE VALUE PROPOSED BY THE DEPARTMENT IS NOT THE ACTUAL MARKET VALUE.  IT IS SAID THAT THE REVISED VALUE IS MUCH, MUCH LESSER THAN THE ACTUAL MARKET VALUE IN BANGALORE RURAL AND ESPEICALLY IN WHITEFILED AND HEBBAL AREAS.   THE CURRENT VALUE OF APARTMENTS IN THESE AREAS ARE ABOUT RS3,000/- TO RS4000/- BUT … Continue reading GOVT (GUIDANCE VALUE) VALUE- MARKET VALUE

OCCUPANCY CERTIFICATE


SOME OF OUR READERS ELICITED THE DETAILS REGARDING THE OCCUPANCY CERTIFICATE.  IT IS SAID THAT THE BUILDERS HAVE FURNISHED THE OCCUPANCY CERTIFICATE AND HENCE IT IS A VALID DOCUMENT TO OCCUPY THE PREMISES. OCCUPANCY CERTIFICATE OR OC IS A MUST DOCUMENT IN ANY GROUP/APARTMENT COMPLEX.  THE BESCOM AND BWSSB CANNOT SUPPLY ELECTRICITY AND WATER WITHOUT … Continue reading OCCUPANCY CERTIFICATE

DO YOU HAVE A GENERAL POWER OF ATTORNEY FOR THE PROPERTY BOUGHT BY YOU?


DID YOU BUY A PROPERTY THROUGH GPA AND COULD NOT REGISTER IT IN YOUR NAME? CHECK NOW- YOU HAVE TO REGISTER IT AT THE REVISED GUIDANCE VALUE!  THE SELLERS MIGHT NOT OR MUST NOT HAVE REVOKED THE GPA EXECUTED IN YOUR FAVOUR? OR IT IS ALWAYS SAFE TO GET IT REGISTERED FROM THE SELLERS THAN … Continue reading DO YOU HAVE A GENERAL POWER OF ATTORNEY FOR THE PROPERTY BOUGHT BY YOU?

PROPERTY REGISTRATION EXPENSES SHOOTS UP BY 1% TO 15%


DUE TO THE REVISION OF GUIDANCE VALUE, THE STAMP DUTY AND THE REGISTRATION FEE( CHARGES) PAYABLE BY THE BUYER HAS GONE UP BY 1% TO 15% DEPENDING UPON THE QUANTUM OF REVISION.  GENERALLY, 90% OF THE PROPERTIES REGISTERED ARE ALWAYS UNDERVALUED.  ONLY THOSE SEEKING LOANS FOR THE PURCHASE WERE REGISTERING IT AT THE MARKET VALUE … Continue reading PROPERTY REGISTRATION EXPENSES SHOOTS UP BY 1% TO 15%

SRI ANANTHAPADMANABHA SWAMY CURSE?


IT IS WIDELY BELIEVED THAT MR.T.P. SUNDERRAJAN, THE PLAINT AND THE MEMBER IN THE COMMITTEE APPOINTED BY THE SUPREME COURT OF INDIA TO OPEN THE VAULTS OF THE SRI ANANTHAPADMANABHA SWAMY TEMPLE TREASURE IS SAID TO HAVE BEEN UNDER A `CURSE` FOR HAVING TAKEN THE MATTERS TO THE COURT AND THE OPENING UP OF THE … Continue reading SRI ANANTHAPADMANABHA SWAMY CURSE?

DR.SHIVARAMA KARANTH LAYOUT – land acquisition at 17 villages


THE BDA HAS NOTIFIED 3546 ACRES OF LAND FOR DR.SHIVARAMAKARANTH LAYOUT IN BANGALORE NORTH, COMPRISING 17 VILLAGES IN BANGALORE URBAN DISTRICT.  THE NOTIFIED VILLAGES ARE: A). YESHWANTHAPURA HOBLI, BANGALORE NORTH TALUK, BANGALORE URBAN DISTRICT: 1).SOMASHETTIHALLI                    :358 ACRES. 2). LAKSHIMIPURA                            :180 ACRES. 3). GANIGARAHALLI                        :291 ACRES. B). HESARGHATTA HOBLI, BANGALORE NORTH (ADDITIONAL)TALUK, BANGALORE URBAN DISTRICT: 1). … Continue reading DR.SHIVARAMA KARANTH LAYOUT – land acquisition at 17 villages

SARJAPUR ROAD – BANGALORE SOUTH – GRAMATHANA, VILLAGE PANCHAYATH, DC CONVERTED AND REVENUE SITES – A WARNING


THE BANGALORE DEVELOPMENT AUTHORITY IS CONTEMPLATING TO NOTIFY ABOUT 1300 ACRES FOR THE DEVELOPMENT OF K.C.REDDY LAYOUT IN THIS AREA.  THIS AREA INCLUDES A PART OF BANGALORE EAST TALUK.  IT IS TO BE NOTED THAT SITES ARE BEING SOLD BY UNSUSPECTING BUYERS ON GPA AND ON PANCHAYAT KATHAS. THE AGRICULTURE LAND AND DC CONVERTED LANDS … Continue reading SARJAPUR ROAD – BANGALORE SOUTH – GRAMATHANA, VILLAGE PANCHAYATH, DC CONVERTED AND REVENUE SITES – A WARNING