The BBMP has issued only 13 Occupancy Certificates in 2016-17, of which 3 are commercial projects and 10 are residential apartments. There are few hundred projects which had been completed and few hundred housing apartment projects are underway, but only few builders and the apartments have the MANDATORY OCCUPANCY CERTIFICATE. Between 2011-12 to 20161-7, the … Continue reading OCCUPANCY CERTIFICATE – BBMP – 2016-17 -TILL DATE
In a bid to reduce or evade the stamp duty at the time of registration, the buyers and the sellers of the properties, have not SHOWN the real sale price or consideration in the registered sale deed, but 90% of the buyers have borrowed money or availed institutional finance under HOME LOAN scheme, have falsified … Continue reading REGISTRATION VALUE OR THE GUIDANCE VALUE OF THE PROPERTIES REGISTERED – TAX EVASION – PENALTIES – TAX EVADERS GOT RED HANDED – RBI -INCOME TAX DEPARTMENT – STAMPS AND REGISTRATION DEPARTMENT – STAMP DUTY EVASION – PENALTY – 10 TIMES THE TAXES EVADED
FAILED TO MENTION THE PAN NUMBERS IN THE TRANSACTION OR TRYING TO EVADE TAX – THE GOVERNMENT HAS PROPOSED TO SEND 7 LAKH NOTICES The Finance Ministry is sending out 7 lakh notices on big transactions which appear suspicious because PAN numbers were not disclosed. The Department will be issuing letters to the parties … Continue reading Tax Evaders/Benami Transactions – 7,00,000 NOTICES
The BWSSB has stated in a press publication that STP units are mandatory only for the sites or plots measuring 21,500 Square Feet approximately and above, even for the existing residential complexes. There is relief among the smaller housing complexes from thethe recent notification regarding the installation of STP units, but details are awaited.
Some property buyers try to CHEAT THE GOVERNMENT by undervaluing the property and register the same at a very low price or at the guidance value to EVADE the Stamp Duty and in some cases to PART WITH ILLEGAL MONEY OR BLACK MONEY TO AVOID INCOME TAX or to PARK THEIR ILLEGAL WEALTH OR MONEY … Continue reading SMART WAY TO GET CHEATED !!!
A News Report of real estate transaction in Bangalore Mirror on 13-07-2016 Woman entered into a deal to sell her property, but faced trouble when buyer refused to pay the 'remainder' The High Court of Karnataka has allowed a 75-year-old property owner to initiate a cheating case against the buyers of her property who allegedly … Continue reading REGISTRATION OF PROPERTIES AT A VALUE LESSER THAN THE ACTUAL SALE VALUE OF THE PROPERTY TO EVADE STAMP DUTY AND INCOME TAX
ಪ್ರೆಸ್ಟೀಜ್ ಒತ್ತುವರಿ ಪ್ರಕರಣ: ದೇವನಹಳ್ಳಿ ತಹಶೀಲ್ದಾರ್ ಅಮಾನತು A NEWS REPORT - ಬೆಂಗಳೂರು: ದೇವನಹಳ್ಳಿಯಲ್ಲಿನ ಸರ್ಕಾರಿ ಭೂಮಿಯನ್ನು ಪ್ರೆಸ್ಟೀಜ್ ಕಂಪನಿ ಅಕ್ರಮವಾಗಿ ಒತ್ತುವರಿ ಮಾಡಿಕೊಂಡ ಪ್ರಕರಣ ಸಂಬಂಧ ರಾಜ್ಯ ಸರ್ಕಾರ ದೇವನಹಳ್ಳಿ ತಹಶೀಲ್ದಾರ್ ಕೇಶವಮೂರ್ತಿ ಅವರನ್ನು ಅಮಾನತುಗೊಳಿಸಿ ಮಂಗಳವಾರ ಆದೇಶ ಹೊರಡಿಸಿದೆ. ಪ್ರೆಸ್ಟೀಜ್ ಕಂಪನಿ ದೇವನಹಳ್ಳಿಯಲ್ಲಿ 5.1 ಎಕರೆ ಸರ್ಕಾರಿ ಭೂಮಿ ಒತ್ತುವರಿ ಮಾಡಿ. ಅದರಲ್ಲಿ ಐಷಾರಾಮಿ ವಿಲ್ಲಾಗಳನ್ನು ನಿರ್ಮಿಸಿದ ಆರೋಪ ಎದುರಿಸುತ್ತಿದೆ. ಈ ವಿಷಯವನ್ನು ಇಂದು ದೇವನಹಳ್ಳಿ ಶಾಸಕ ಪಿಳ್ಳಮುನಿಶಾಮಪ್ಪ ಪ್ರಸ್ತಾಪ ಮಾಡಿದರು. ಇದಕ್ಕೆ … Continue reading DEVANAHALLI THASILDAR SUSPENDED -A NEWS REPORT
The sudden increase and demand for the properties in and around Bangalore has given rise to many fraudsters. The modus operandi is that they create or fabricate or forge or prepare fake documents of properties and approvals (forged and without authority) to sell it to the buyers. The buyers, are too eager to make quick … Continue reading CHEATING, FRAUD AND FORGED OR MANIPULATED DOCUMENTS IN THE REAL ESTATE BUSINESS
The First of Day of the Legislative Assembly session witnessed the ISSUE RELATED TO PRESTIGE DEVELOPERS and the Revenue Minister has stated that the particular `PROPERTY WILL BE ATTACHED`.
The much delayed and much awaited reinforcement to the Indian Airforce - TEJAS - The Light Combat Aircraft JOINS today.
With the implementation of the National Green Tribunal's landmark judgement against the Mantri Techzone Private Limited and Coremind Software and Services Private Limited to follow the 75-metre buffer zone for lakes and wetlands, the government has cracked the whip on builders. The government has DIRECTED the two civic agencies - Bruhat Bengaluru Mahangara Palike and … Continue reading LAKE, VALLEYS, RAJA KALUVE, PRIMARY AND SECONDARY DRAINS OR CHANNELS -BUFFER ZONE- GOVT DIRECTIONS