BUYING A PROPERTY FOR INVESTMENT ?


IF PLANNING TO BUY A PROPERTY IN AND AROUND BANGALORE, HOLD IT OR WAIT FOR A MONTH OR TWO, THEN PROCEED WITH THE PURCHASE.  THE PROPERTY MARKET IS STABILIZING AND THE SALES HAVE DROPPED CONSIDERABLY IN THE LAST TWO MONTHS. THE ABNORMAL PRICES IN SOME AREAS AND UNREAL PRICES OF SOME OF THE PROPERTIES MIGHT … Continue reading BUYING A PROPERTY FOR INVESTMENT ?

PRE LAUNCH OFFERS OF APARTMENTS AND SITES BY UNKNOWN-STRANGE- COMPANIES


PONZI SCHEMES!!!! BEWARE!!!!!!! DUE TO SUDDEN PRICE INCREASE IN THE PROPERTY VALUES, NEW AND UNKNOWN ENTITIES HAVE SPRUNG UP OVERNIGHT, WITH PRE LAUNCH OFFERS OF APARTMENTS, VILLAS AND SITES IN AND AROUND BANGALORE AT ATTRACTIVE AND TEMPTING RATES, FOR SOME OF WHICH, FEW FINANCIAL INSTITUTIONS HAVE OFFERED HOME LOANS.    

The all new – The land Acquisition, Rehabilitation and Resettlement Bill 2011


The Land Acquisition, Rehabilitation and Resettlement Bill 2011, seeks to strengthen the rights of landowners during acquisition of land for development and ensure proper rehabilitation and compensation for those being displaced. It also seeks to address problems of industry when land is acquired for setting up projects. The Land Acquisition Bill will finally be tabled … Continue reading The all new – The land Acquisition, Rehabilitation and Resettlement Bill 2011

BETTERMENT CHARGES/IMPROVEMENT CHARGES BY BBMP ORDER QUASHED BY HIGH COURT


THE HIGH COURT OF KARNATAKA HAS QUASHED THE ORDER OF THE BBMP REGARDING THE COLLECTION OF IMPROVEMENT CHARGES AS UNFAIR AND DIRECTED THE BBMP TO DEVISE A MECHANISM TO LEVY IT SYSTEMATICALLY.  THE BBMP SUB COMMITTEE RESOLVED TO LEVY RS550/- A SQUARE METER AS IMPROVEMENT CHARGE BASED ON THE OBSERVATION MADE ON 28-09-2012 BY THE … Continue reading BETTERMENT CHARGES/IMPROVEMENT CHARGES BY BBMP ORDER QUASHED BY HIGH COURT

WATER SCARCITY


SUMMER HAS BROUGHT WITH IT, THE WOES OF WATER SCARCITY WITH HOT HUMID WEATHER.  THE NEW AREAS, SOME OF THEM ARE LUCKY, HAVE CAUVERY WATER SUPPLY AND IN OTHER WARDS AND ZONES, THERE IS ACUTE SHORTAGE OF WATER, THE BOREWELLS ARE DRY, THE WATER SUPPLIERS ARE CHARGING RS500/- TO RS1000/- A TANKER OF 7000 LITERS … Continue reading WATER SCARCITY

PLATINUM CITY – PEENYA – BDA NOTICE – OCCUPANCY CERTIFICATE


THE BDA HAS SERVED NOTICE TO THE PLATINUM CITY APARTMENT COMPLEX IN PEENYA.  IT IS THE FIRST STEP TOWARDS ISSUANCE OF EVICTION NOTICE. APARTMENTS MUST NOT BE OCCUPIED WITHOUT THE OCCUPANCY CERTIFICATE FROM THE CONCERNED TOWN PLANNING/MUNICIPAL AUTHORITIES, BUT, IF IT IS OCCUPIED, THE AUTHORITIES HAVE POWERS TO EVICT THE SAME. MAJORITY OF THE APARTMENTS … Continue reading PLATINUM CITY – PEENYA – BDA NOTICE – OCCUPANCY CERTIFICATE

BMTF- HAS NOT SHUT SHOP – AAG TO THE COURT


THE GOVERNMENT HAS STATED THAT IT HAS NOT ISSUED ANY ORDER/NOTIFICATION REGARDING THE TERMINATION OR DISCONTINUANCE OF THE TASK FORCE AND THE FORCE WILL CONTINUE. A MEGA RESIDENTIAL PROJECT IN BANGALORE EAST IS UNDER THE LENS FOR THE ALLEGED IRREGULARITY/VIOLATION, IN THE SANCTION OF BUILDING PLAN BY BDA !!!!!  

PEBBLE BAY AND BRIGADE GATEWAY PROJECTS


BMTF HAS FILED FIRST INVESTIGATION REPORT INDICTING SENIOR IAS OFFICER AND THE TOWN PLANNING OFFICER(NOTORIOUS (group)FOR ISSUING BUILDING PLANS, COMMENCEMENT CERTIFICATES AND OCCUPANCY CERTIFICATES) IN THE SANCTION OF REVISED BUILDING PLAN CITING IRREGULARITIES.  THE TWO MAJOR PROJECTS ARE PEBBLE BAY AND BRIGADE GATEWAY. TWO OTHER MAJOR (SUPER LUXURY)PROJECTS WITH CLEAR CUT VIOLATION(DELIBERATE) (WITH AN INTENT … Continue reading PEBBLE BAY AND BRIGADE GATEWAY PROJECTS

IRREGULARITIES, VIOLATIONS AND DEVIATION IN BUILDING PLAN SANCTIONED


IT HAS BEEN RECENTLY NOTICED THAT A MAJOR IRREGULARITY HAS CREPT IN THE PROCESS OF SANCTIONING BUILDING PLANS IN THE BANGALORE EAST TALUK, DELIBERATELY HUSHED UP BY BOTH THE BBMP/BDA AND THE DEVELOPERS AND BUILDERS, WHEN CONFRONTED WITH LEGAL/LEGITIMATE EVIDENCE, THEY BACK OUT, STATING `THIS IS WHAT WE HAVE AND IT IS LEGAL` IF YOU … Continue reading IRREGULARITIES, VIOLATIONS AND DEVIATION IN BUILDING PLAN SANCTIONED

BMTF- The last salvo on the mighty and powerful


SATURDAY WAS THE LAST DAY OF THE OFFICIAL EXISTENCE OF BMTF AND IT HAS FIRED THE LAST SALVO AGAINST SENIOR IAS AND TOWN PLANNING OFFICIALS BY FILING FIR AGAINST THEM ON THE COMPLAINTS RECEIVED.  THE MEN IN POWER, DOES NOT WANT THE FORCE TO CONTINUE AND HENCE DID NOT RENEW OR GAVE A NEW LEASE … Continue reading BMTF- The last salvo on the mighty and powerful