ANOTHER MONEY SPINNER-BBMP Propose to convert `B` Katha to `A` Katha


As usual, the BBMP has proposed the conversion of B katha to A katha and the file has been sent to the Government for the approval and further action on this. This is to regularise the DC Converted sites, which are not approved by the planning authorities like BDA and BMRDA. Katha change does not … Continue reading ANOTHER MONEY SPINNER-BBMP Propose to convert `B` Katha to `A` Katha

AKRAMA-SAKRAMA-Regularisation of illegal, unauthorised and buildings with deviation in Karnataka-2020


It is learnt that the Government is seriously considering the amendment to the KTCP Act to kickstart the Notorious AKARMA-SAKRAMA, by modifying or amending or changing the clauses, which are objected to it in the Supreme Court. Akrama-Sakrama may be a reality after 13 long years. In all the probability, The Scheme may be implemented … Continue reading AKRAMA-SAKRAMA-Regularisation of illegal, unauthorised and buildings with deviation in Karnataka-2020

COMING-COMING-NEVER CAME-THE NOTORIOUS AKRAMA-SAKRAMA-


The money strapped Government is making all efforts to collect money in all the available ways. Borrow.Sell BDA corner sites.Bring in the AKRAMA-SAKRAMA.Levy new tax.Regularise houses illegally constructed on THE BDA LAND.Regularisation of DC Converted Property.Revenue Sites registration. The easiest way to get money, not for any development, for survival, is to BORROW. This has … Continue reading COMING-COMING-NEVER CAME-THE NOTORIOUS AKRAMA-SAKRAMA-

ON LINE Sale of Properties – Watch out – Do not jump out and book – WAIT


Many tempting offers, so many free bees and at lowest rates- It is a TRAP. There are over 2,00,000 apartments ( new-old-resale-bank attached-distress sale) and many more will be in the market within 3 to 6 months. The realty sector will have more properties to SELL, but their prices have not COME DOWN OR REDUCED. … Continue reading ON LINE Sale of Properties – Watch out – Do not jump out and book – WAIT

Coronovirus effect on the personal finances and property


The lockdown announced by the Government has adverse impact on the economy and it might take a long time for the recovery. The RBI has announced the deferment of the EMI on the personal loans, Credit Card and Home Loans for 3 months. But the dues must be paid with interest in the coming months. … Continue reading Coronovirus effect on the personal finances and property

CORONOVIRUS-LOCK DOWN OF THE ENTIRE STATE BY THE ADMINISTRATION


In order to contain the Coronovirus, the State Government of Karnataka has clamped complete lock down and has advised citizen to self quarantine themselves by staying back home. Severe legal action will be taken on those who violate it. Except Emergency and Essential Services are permitted. All other services are hereby stalled and all stores, … Continue reading CORONOVIRUS-LOCK DOWN OF THE ENTIRE STATE BY THE ADMINISTRATION

BBMP gets slap from SC for the application on the High Court Orders regarding Illegal and unauthorised buildings and constructions


In a major setback to BBMP, the SC declined to entertain the application for a TI and said that it would confirm the order of the High Court related to the survey and subsequent removal or demolition of illegal structures or constructions in the BBMP Limits. Earlier, the High Court of Karnataka directed the BBMP … Continue reading BBMP gets slap from SC for the application on the High Court Orders regarding Illegal and unauthorised buildings and constructions

REGISTRATION OF PROPERTIES WITH NEW PROCEDURE IN KARNATAKA


With the onset of new procedures, streamlining the registration process to bring more authenticity, the department has made some changes regarding the scanning of katha and verification of katha and rtc online. The documents will be verified and logged in for the registration. If there is any no issue or court orders against the schedule … Continue reading REGISTRATION OF PROPERTIES WITH NEW PROCEDURE IN KARNATAKA

KEY HIGHLIGHTS OF UNION BUDGET 2020-21


Ministry of Finance BUDGET 2020-2021 Presenting the first Union Budget of the third decade of 21st century, Finance Minister Smt. Nirmala Sitharaman, today unveiled a series of far-reaching reforms, aimed at energizing the Indian economy through a combination of short-term, medium-term, and long-term measures. The Key Highlights of Union Budget 2020-21 are as follows: Three prominent … Continue reading KEY HIGHLIGHTS OF UNION BUDGET 2020-21

WE SALUTE THE HEROES who have been conferred with Distinguished service and gallantry award winners on Republic day 2020- We Congratulate the Winners.


The President has approved awards of 409Gallantry and other Defence decorations to Armed Forces personnel and others on the eve of 71stRepublic Day celebrations. These includes nineShaurya Chakras, 28 Param Vishisht Seva Medals, four Uttam Yudh Seva Medals, 53 Ati Vishisht Seva Medals, 10 Yudh Seva Medals, 123 Vishisht Seva Medals, fourBar to Sena Medals … Continue reading WE SALUTE THE HEROES who have been conferred with Distinguished service and gallantry award winners on Republic day 2020- We Congratulate the Winners.

ILLEGAL AND UNAUTHORISED PROPERTIES (BUILDINGS) WILL BE PENALISED by the levy of double tax


It is learnt that the State Government of Karnataka has proposed to double the existing property taxes for the unauthorised constructions or buildings and the buildings which have violated the sanctioned plans or by laws, till its demolition or regularisation. Payment of this double tax does not confer any right, title and interest to the … Continue reading ILLEGAL AND UNAUTHORISED PROPERTIES (BUILDINGS) WILL BE PENALISED by the levy of double tax