THE STAMP DUTY COLLECTION ON THE REGISTRATION OF PROPERTIES WENT UP BY MORE THAN 30%. THE NUMBER OF DOCUMENTS REGISTERED DID NOT GO UP BUT THE STAMP DUTY COLLECTION WENT UP BY 30%. THE ILLEGAL BLACK MONEY NOW ACCOUNTED FOR. THE ROLE OF BLACK MONEY IN OPERATION IS CLEARLY EVIDENT FROM THE RESULTS The Property … Continue reading THE EFFECT OF DEMONETISATION ON THE REGISTRATION OF PROPERTIES in BENGALURU-
The State Bank of India on Tuesday reduced its charges on non-maintenance of an average monthly balance (AMB) in savings accounts from April 1. The charges for non-maintenance of AMB (Average Monthly Balance) for customers in metro and urban centres have been reduced from a maximum of ₹50 per month plus goods and services tax … Continue reading STATE BANK OF INDIA REDUCED THE CHARGES ON NON-MAINTENANCE AVERAGE MONTHLY BALANCE IN SAVINGS ACCOUNTS
The Supreme Court of India today asked the troubled real estate company Unitech Limited to furnish the details of unencumbered assets for auction purposes later to raise money to refund home-buyers. A bench headed by Chief Justice Dipak Misra also imposed a cost of Rs 25 lakh on JM Financial Asset Reconstruction Company, which had … Continue reading SUPREME COURT OF INDIA HAS COME TO THE RESCUE OF THE PROPERTY BUYERS IN THE CASE OF UNITECH
The moment the home loan is sanctioned the borrower is elated as if he got a bumper prize but the truth is that he has entered into an agreement of longstanding labour. Majority of the financial institutions or the managers at the banks or the banks itself will have an INSURANCE POLICY attached to the … Continue reading HOME LOANS AND INSURANCE – WHERE IS THE CATCH !!!
Spicy Ads in newspapers and on the internet and melodious and spicy callers on phone trying to sell/market the properties is the order of the day. Buyers are not aware of the charges, taxes, deposits and other additions to the prices quoted by the sellers/builders and marketing agencies. The following may be the some of … Continue reading FRAUD AND CHEATING UNDER THE NAME OF CLUBHOUSE MEMBERSHIP, BESCOM DEPOSIT, BWSSB DEPOSIT AND LEGAL CHARGES OR EXPENSES—-CHECK-THE ADDITIONAL EXPENSES AND CHARGES WHILE BUYING A SITE OR APARTMENT
There are few new launches and there are approximately over 1,00,000 unsold apartments which are either in the final stages of completion or completed and ready for occupation. Whereas, there are more than few thousand B Katha illegal and irregular apartments available for sale at half the price of the regular properties with Occupancy Certificates. … Continue reading REAL ESTATE MARKET IN BANGALORE-March-2018