BUDGET HIGHLIGHTS – 2016


Budget 2016-2017 Growth of Economy accelerated to 7.6% in 2015-16. India hailed as a ‘bright spot’ amidst a slowing global economy by IMF. Robust growth achieved despite very unfavourable global conditions and two consecutive years shortfall in monsoon by 13% Foreign exchange reserves touched highest ever level of about 350 billion US dollars. Despite increased … Continue reading BUDGET HIGHLIGHTS – 2016

SITES FORMED IN GOMALA LAND BY A SOCIETY – A NEWS REPORT


It is common perception and belief by the property buyers that SOCIETY SITES are good with clear titles, but it is not so as it had been discovered that many societies flout all the norms and form the layout and sell it to the gullible buyers. AN EXAMPLE: A NEWS REPORT DATED 23-02-2016 can be … Continue reading SITES FORMED IN GOMALA LAND BY A SOCIETY – A NEWS REPORT

HUMAN BODY ORGAN DONATION – KARNATAKA


ORGAN DONATION ‘MOST UNAWARE THAT EVEN LIVER, LUNGS CAN BE DONATED’ Brain dead persons and many other persons who die accidentally, their family might want to donate organs.  it is possible.  it is very helpful to the needy.   This will give you a new lease of life with the ability to carry on all … Continue reading HUMAN BODY ORGAN DONATION – KARNATAKA

BANGALORE METROPOLITAN TASK FORCE HAS RECOVERED PROPERTY WORTH RS.3,604 CRORES


    Period Petitions enquiries and investigations conducted encroachment removal etc. Property reclaimed/recovered Value of the Property reclaimed (Acres) (Sq.ft) (crores) 1-04-96 to 31-3-02 406 390.49 1,70,09,908 1,100.16 1-4-02 to 31-3-03 134 35.45 15,44,202 110.04 1-4-03 to 31-3-04 83 40.24 17,53,018 102.13 1-4-04 to 31-3-05 39 85.62 37,29,552 184.70 1-4-05 to 31-3-06 65 155.31 67,65,140 … Continue reading BANGALORE METROPOLITAN TASK FORCE HAS RECOVERED PROPERTY WORTH RS.3,604 CRORES

PROPERTY GUIDELINE VALUE OR THE REGISTRATION VALUE MIGHT BE REVISED FROM 01-04-2016


The Stamps and Registration Department, had proposed the revision of the property guideline values in 2015 but due to political reasons,  was not implemented or enforced.  It is learnt from the reliable sources that the Government might fix the new or the proposed guideline values effective from 01-04-2016.

DROP IN THE PRICES OF REAL ESTATE AT BANGALORE


Bangalore was the only city which had stable price in the realty sector over few years, inspite of weakening or soaring prices across the country and the heat is now on Bangalore too !!! The inventory or the stock of unsold apartments is around 1,50,000 and many resale apartments (both legal and illegal) are doing … Continue reading DROP IN THE PRICES OF REAL ESTATE AT BANGALORE

PROPERTY EXHIBITIONS ACROSS BANGALORE


There are SALE, Property Exhibitions, Candlelit Dinners, Discounts, Special Amenities, World Class Villas and Many such properties are sale at Bangalore by one and all the developers and sellers. All the details, facilities, amenities and everything remains only in the paper or the brochures. Be Careful before booking. PRICES ARE DOWN, NO BUYERS, RENTS ARE … Continue reading PROPERTY EXHIBITIONS ACROSS BANGALORE

Encroached Government Lands Recovered


The District Administration has recovered property worth over Rs.850 Crores in Bangalore South. The District Administration removed and demolished illegal and unauthorised structures in Survey No.35, Jaraganahally, Uttarahally Hobli, Bangalore South Taluk, and a Creadai builder had made preparations to build apartments  and the same was stopped and all the structures removed.  The said builders … Continue reading Encroached Government Lands Recovered

WOMEN TO BE THE KARTHA OF AN HUF – RULES DELHI HIGH COURT IN A LANDMARK JUDGMENT !!!!!


WOMEN TO BE KARTHA OF A HUF-DELHI HIGH COURT HIGHLIGHTS OF THE JUDGMENT   The Delhi High Court has ruled that a female member of a Hindu Undivided Family can also be the ‘karta’ Falling prey to the patriarchal system, this role of leadership has been traditionally inherited by men of the household. This gave rise to familial disturbance, … Continue reading WOMEN TO BE THE KARTHA OF AN HUF – RULES DELHI HIGH COURT IN A LANDMARK JUDGMENT !!!!!

APARTMENTS, SITES, LAYOUTS AND CLUB HOUSES IN THE LAKE ENCROACHERS LIST


It is found that over hundred apartments (building plan approved by BDA and BBMP) and unauthorised or illegal apartments stands on the LAKE BEDS/BUFFER ZONE and on the Government land as per the report of the committee, which are due for a hearing and if proved that these properties stand on the lake bed/buffer zone … Continue reading APARTMENTS, SITES, LAYOUTS AND CLUB HOUSES IN THE LAKE ENCROACHERS LIST