The High Court of Karnataka has stayed the order of the Land Tribunal, which on July 16 declared that the land on which the building was built vest with the State government, based on which the district administration recently took over the building. Justice B. Sreenivase Gowda passed the interim order on Thursday, staying the … Continue reading Salarpuria Towers in Koramangala – temporary relief from High Court – Old Game
Another project by Mantri Developers near manyata tech park, being widely marketed abroad is also under the scrutiny of Justice Kempanna Commission of Enquiry. The land in question bought by Manyata group and CAG report nailed the illegalities in the denotification and the same was referred to the COD for investigation, the same is also … Continue reading MANTRI DEVELOPERS – ANOTHER PROJECT AT MANAYATA IS UNDER SCRUTINY
Mantri Developer`s irregularities exposed in the kannada BTV news on the project `MANTRI DSK PINNACLE`, being constructed on, Bannergatta road, Begur Hobli, Bangalore South Taluk, Bangalore Urban District, permitted to build 105 apartments, alleged to have encroached 80 feet road and constructed more than the permitted number of apartments. OCCUPANCY CERTIFICATE MIGHT NOT BE ISSUED. … Continue reading MANTRI DSK PINNACLE – IRREGULARITY – COMPLAINT WITH LOKAYUKTA – SIT MAY DIG UP THE DIRT
New formula to compute property tax in Bangalore The state government has decided to redraw area-wise zones based on current market guidance value. The formula is that the property tax is based on the guidance value of the properties in the particular zone and the tax will be charged accordingly. The tax hike might come … Continue reading New formula to compute property tax in Bangalore
HC shocked over use of industrial land for housing The High Court on Monday expressed disbelief over how the land use of an industrial plot was changed for residential purpose. A division bench of acting Chief Justice S K Mukherjee and Justice B V Nagarathna directed the State government to take action against Joy Icecream, real … Continue reading PRESTIGE – UNDER FIRE FROM THE HIGH COURT !!!! THERE ARE MANY SUCH INSTANCES AND APARTMENTS IN WHITEFIELD – ANOTHER MANOR WILL ALSO BE UNDER FIRE FROM ????????????
WE DEEPLY MOURN AND CONDOLE THE SUDDEN PASSING AWAY OF DR.ABDUL KALAM - A GENTLEMEN - A SCIENTIST - A NOBLE MAN - THE PAST PRESIDENT OF INDIA. INDIA LOST A GEM !!!
Shashi Tharoor's full speech asking UK to pay India for 200 years of its colonial rule Madam President and gentlemen, ladies of the house I standing here with eight minutes in my hands in this venerable and rather magnificent institution, I was going to assure you that I belong to the Henry VIII School of … Continue reading Shri.Sashi Tharoor`s Speech
FINALLY, THE DISTRICT ADMINISTRATION HAS TAKEN OVER THE SALARPURIA TOWERS IN THE HEART OF THE CITY. THE LAND IS SUPPOSED TO BE A KHARAB LAND AND CLAIMED TO HAVE BOUGHT AND BUILT BY THE BUILDER ON XXXX DOCUMENTS AND LOST THE CASE IN EVERY STAGE. It is also learnt that the tenants in the building … Continue reading SALARPURIA TOWER IN BANGALORE TAKEN OVER BY GOVERNMENT
High rise Buildings (Above 15 meters or 50 feet height) does not follow power norms Maintenance recommended to minimise danger The Department of Electrical Inspect-orate (DEI), in their periodical inspections, have found that out of 7,960 multistoried buildings in Bengaluru, ninety percent were not in full conformity with the Indian Electricity Rules and the residents … Continue reading HIGH RISE BUILDINGS (APARTMENTS) ABOVE GROUND + 3 FLOORS – NEEDS TO FOLLOW THE DEI GUIDELINES FOR SAFETY
THE RESERVE BANK OF INDIA HAS ISSUED A CIRCULAR TO ALL THE FINANCIAL INSTITUTIONS WHO ARE IN THE CREDIT CARD BUSINESS THAT THE PAYMENT DUE DATE AND THE LEVY OF LATE PAYMENT FEE OR PENAL CHARGES WILL BE AND MUST BE 3 DAYS AFTER THE DUE DATE MENTIONED IN THE CREDIT CARD STATEMENT. THE RESERVE … Continue reading CREDIT CARD PAYMENTS IN INDIA – RBI GUIDELINES ON 16-07-2015 TO THE CREDIT CARD COMPANIES- DUE DATE – LAST DATE FOR PAYMENT – GOOD NEWS FOR CREDIT CARD HOLDERS
The Karnataka High Court on Monday ordered issue of notices to the Bruhat Bangalore Mahanagara Palike and others on a PIL petition, which is seeking a direction for laying down a procedure for the systematic monitoring of the construction of buildings to check the alleged violation of norms. A Division Bench, comprising acting Chief Justice … Continue reading ILLEGAL CONSTRUCTIONS AND HIGH COURT OF KARNATAKA – BBMP GETS NOTICE !!!
ELECTION GIMMICKS TAR BAGYA TO BANGALORE ROADS!! The city roads were not asphalted in last seven years and the elections to BBMP ensured that some tarring will be done, till the election results are announced. The Bruhat Bangalore Mahanagara Palike (BBMP) is all set to begin the asphalting of 274 roads, measuring about 300 km, … Continue reading TAR BAGYA FOR BANGALORE ROADS !!!!
IT IS TRUE THAT THERE ARE OVER A LAKH APARTMENTS REMAINS UNSOLD AND THE DEVELOPERS ARE COMING UP WITH NEW PROJECTS, THE BUYERS ARE BAFFLED AT THE PARADOX, INSPITE OF THE UNSOLD INVENTORY AND THE RENTAL MARKET IS COMING DOWN, THE PRICES OF THE APARTMENTS HAVE NOT GONE DOWN SUBSTANTIALLY. THE BUYERS ARE DUPED WITH … Continue reading UNSOLD APARTMENTS IN BANGALORE IS AROUND 1,00,000 AND MANY MORE ARE COMING UP
GREATER BENGALURU AUTHORITY TO MANAGE THE CITY – A PROPOSAL The 11 member committee constituted by the Karnataka Pradesh Congress Committee, headed by senior Congress leader B.L. Shanker submitted a report to the KPCC president G Parameshwara at the party office in Bengaluru, recommending the formation of Greater Bengaluru Authority for chalking out mega … Continue reading A NEW PROPOSAL FOR THE DEVELOPMENT AND MAINTENANCE OF BENGALURU BY CONGRESS !!!!!!
Notification of Black Money Rules and issue of Explanatory Circular for Compliance Window under Black Money Act The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015 (the Rules) have been notified vide notification no. G.S.R. 529 (E) dated 02-07-2015. These Rules provide the method of determination of Fair Market Value of … Continue reading EXPLANATORY CIRCULAR ON Notification of Black Money Rules
THE REALTY MARKET (APARTMENTS/SITES/VILLAS/ROW HOUSES/COMMERCIAL COMPLEXES) IS DOWN AND THE BUILDERS/DEVELOPERS/RESELLERS ARE ON PROWL IN THE MARKET TO DUMP THEIR INVENTORY WITH FULL PLEDGED ADVERTISEMENT AND ALL KINDS OF APPEASEMENTS. IT IS TRUE THAT OVER 1,50,000 PROPERTIES OF ALL SIZES AND IN ALL AREAS ON LYING UNSOLD. THE GREEDY INVESTORS ARE FINDING IT DIFFICULT TO … Continue reading THE REALTY MARKET ACROSS BANGALORE IS DOWN
The State government is mulling to bring in a new law for the administration of Bengaluru city by restructuring it, which is at present is governed under the Karnataka Municipal Corporations Act, 1976 and an independent Act for Bengaluru is being proposed by the Government, if possible in the present Belagavi Session.
IT HAS BEEN REPORTED THAT THERE ARE IRREGULARITIES DURING THE TRANSFER/REGISTRATION OF KATHA IN THE NAME OF THE PRESENT OWNERS IN BBMP RECORDS, THE CONCEALMENT OF THE FACTS AND DETAILS MAY RESULT IN THE AUTOMATIC CANCELLATION OF SANCTIONED BUILDING PLAN. THERE ARE MANY AGENTS AND OWNERS CLAIMING THAT THEIR PROPERTIES HAVE `A` KATHA, THEIR CLAIMS … Continue reading LEGACY BUILDERS – IRREGULARITIES IN THE KATHA