BENAMI PROPERTIES IN KARNATAKA


It is interesting to note that few BENAMIS under various names, styles, titles, and documents are trying to SELL/ALIENATE, market their illegal or benami properties acquired with GENERAL POWER OF ATTORNEY or SALE AGREEMENT or ASSIGNMENT AGREEMENT and the developers/marketing agencies/agents/builders/frauds are finding gullible and innocent victims/buyers and DUMP or SELL their illegal or BENAMI … Continue reading BENAMI PROPERTIES IN KARNATAKA

CASH TRANSACTIONS OR PAYING CASH OR RECEIVING CASH FOR THE SALE AND PURCHASE OF PROPERTIES


It is strongly advised to avail the services of a professional Chartered Accountant to make CASH Payments.  All the payments towards the purchase of the property must be THROUGH AN ACCOUNT PAYEE DEMAND DRAFT OR CHEQUE OR NEFT OR RTGS. Cash transaction above a particular limit is not permitted.  Therefore, it is better to avoid … Continue reading CASH TRANSACTIONS OR PAYING CASH OR RECEIVING CASH FOR THE SALE AND PURCHASE OF PROPERTIES

AFFORDABLE HOUSING IN BANGALORE


THE AFFORDABLE HOUSING IS A BIG SUCCESS IN BANGALORE. The Government is encouraging the Affordable Housing in the range of Rs.25 lakhs to Rs.35 Lakhs with 1% interest benefit and few developers have already sprung and are in the final leg of completing the project with RERA Approval, though, it might be slightly far off, … Continue reading AFFORDABLE HOUSING IN BANGALORE

INCOME TAX DEPARTMENT, SERIOUS FRAUD INVESTIGATION OFFICE, ENFORCEMENT DIRECTORATE AND ANTI MONEY LAUNDERING UNIT ARE EXAMINING FEW DEVELOPERS AND BUILDERS ALLEGED TO HAVE LINKS – A NEWS REPORT


A local news report highlighted the alleged tax evasion, illegal activities, prosecutable transactions, money laundering and BENAMI property acquisition and subsequent sale of the properties through this DEVELOPERS AND BUILDERS. There are serious allegations around few hundred crores only against builders and developers along with a govinda jeweller- benami investment. Three such names have appeared, … Continue reading INCOME TAX DEPARTMENT, SERIOUS FRAUD INVESTIGATION OFFICE, ENFORCEMENT DIRECTORATE AND ANTI MONEY LAUNDERING UNIT ARE EXAMINING FEW DEVELOPERS AND BUILDERS ALLEGED TO HAVE LINKS – A NEWS REPORT

DEFAULTING DEVELOPERS – approximately Rs.1 billion !!!!!


A press report in a leading daily highlight the LOAN DEFAULTED DEVELOPERS AND BUILDERS, who are on the verge of severe financial crisis, which will have an impact on the BUYERS OF PROPERTIES, who have already booked the apartments, villas, and sites. Only a few such instances and incidents have come out and many are … Continue reading DEFAULTING DEVELOPERS – approximately Rs.1 billion !!!!!

APARTMENT FOR SALE AT PRIME LOCATION AT BANASHANKARI 3 STAGE, 3 PHASE,`STERLING TERRACES`


An apartment measuring 2,200 sft (SBA) Approximately, well maintained with good interiors, 10 years old, STERLING TERRACES BSK 3rd Stage, 3rd Phase is for sale from the owner. The Property has Occupancy Certificate. Up to date tax paid.  Latest Katha Certificate and Katha Extract available. No Loans.  No violation. No Deviation.  Very good community. No litigation. … Continue reading APARTMENT FOR SALE AT PRIME LOCATION AT BANASHANKARI 3 STAGE, 3 PHASE,`STERLING TERRACES`

NEW TREND IN WORK AND LIVING AT METROS-ESPECIALLY IN A VEHICLE (LOADED) CROWDED BENGALURU


The industrial, commercial and IT hub employees are planning to shift or live in places close to the offices or factories or commercial hubs to SAVE time in commuting and to SAVE money. Travelling to a far-off office has become a nightmare in Bangalore and employees face the brunt from pollution, travelling time and expenses.  … Continue reading NEW TREND IN WORK AND LIVING AT METROS-ESPECIALLY IN A VEHICLE (LOADED) CROWDED BENGALURU

New Marketing Strategy for the sale of Properties in Bangalore-EXCHANGE !!!!!


NEW SCHEME-EXCHANGE OLD PROPERTY FOR NEW ONE Loan Mela and Housing MELAS were arranged by the sellers/marketing agents/developers to boost the sale of the unsold inventory in the real estate market of Bangalore, Now, a new entrant with EXCHANGE of old properties with new apartments are being offered by a leading developer. It is a … Continue reading New Marketing Strategy for the sale of Properties in Bangalore-EXCHANGE !!!!!

Removal of encroachment of Raja Kaluve and Lakes will be taken up on priority


The New Government has already initiated the process of removing the encroachment across all Raja Kaluve and Lakes within the city's perimeter and the process of identifying the leftover clearing will be taken up.  

APPROVED SITE FOR SALE AT DEVANAHALLI


Satelite Town Ring Road Planning Authority (STRRPA)(Planning Authority) approved site for sale at Devanahalli. Extent: 1,200 Square Feet approximately. Seller: Developer.(Direct Negotiation) Price: Rs.1,900/- Slightly negotiable. Very close to Brigade orchids and the village.  Very good approach road.  Close to Cargo Road. Bank Loan is available as the property is DC Converted, Approved by planning … Continue reading APPROVED SITE FOR SALE AT DEVANAHALLI

AFFORDABLE HOUSING AND HOUSING LOANS


AFFORDABLE HOUSING AND HOUSING LOANS The Reserve Bank of India (RBI)   has increased the housing loan limits for priority sector home loans (Affordable Housing)  to Rs 35 lakh from Rs 28 lakh in metropolitan centers and to Rs 25 lakh from Rs 20 lakh in other centers.  This will help consumers, especially for the economically … Continue reading AFFORDABLE HOUSING AND HOUSING LOANS