The Chief Minister has directed the district administration and the BBMP to clear the encroachment of Raja Kaluve, Secondary Channels and the lake bed buffer zone encroachments in Bangalore south and also in other zones without any mercy. The illlegal and DC Converted layouts and Revenue lay outs will be affected.
It is to be noted that many notorious builders have downsized the raja kaluve and have put up structures and are using it as park and for parking. The matter has also been looked into and all such constructions and structures must be removed and criminal action must be initiated against such builders.
The NGT order on the Buffer Zone will have a serious impact on the projects which had been completed and which are under construction, but now now.
The buyers must conduct due diligence, while buying properties which are close to lakes or which are within the periphery of the Raja Kaluve and Lakes as during the course of reconstruction ( as most of these structures cannot stand for more than 30 to 50 years) the UDS and the SBA goes down substantially and the occupiers of such flats will be severely affected.
Some builders, resellers, agents, marketing firms and brokers are marketing/selling such projects or properties stating that the properties/projects are approved by BANKS and they have registered many such properties.
Bank loan does not CONFER ANY RIGHT, TITLE AND INTEREST AND REGISTRATION OF SUCH PROPERTIES IN CONTRAVENTION TO THE ORDERS OF THE COURTS AND THE PREVAILING LAWS ARE NOT VALID.
Banks, hand in glove ( What else ?) approve the projects, if the buyer or the owner is dispossessed of his property due to defective title or discrepancy or violation or deviation, the BANKS will not waive the loan. The Banks recover their monies from the borrower at any cost, either from the borrower or from the co-applicant or from the guarantor or by attaching the salaries of all the concerned or by attaching the bank accounts and other properties of the borrower, co – application and the guarantor.
BBMP NOTIFICATION
You must be logged in to post a comment.