Draft of the Affidavit might have been submitted to the Bank

Those who have availed of the housing loan might have submitted this type of affidavit at the time of disbursement of the loan. Check it out. Affidavit for housing loan (for housing loans for purchase of built up house/flat) I/We Sri.      Son of working as     at                  and residing at                     do hereby solemnly affirm on oath … Continue reading Draft of the Affidavit might have been submitted to the Bank →

HIGH COURT OF KARNATAKA directs the BBMP Commissioner to complete the survey of illegal, unauthorised and buildings with sanctioned plan violations and take action on illegal buildings.

The High Court of Karnataka took a serious view and summoned The Commissioner, BBMP to the court and warned him for the non-submission and for not taking any action on buildings without plans, buildings, which have violated the sanctioned plans, and the Commissioner assured the Court that he would submit the survey report by 09-12-2021. … Continue reading HIGH COURT OF KARNATAKA directs the BBMP Commissioner to complete the survey of illegal, unauthorised and buildings with sanctioned plan violations and take action on illegal buildings. →

NGT orders Demolition of Residential Project of Godrej Reflections at Kaikondarahalli

The NGT took serious objections regarding the BBMP role in the approval of the project and fined the Project Proponent M/S.Wonder Projects Development Private Limited ., (CIN NO. U70102MH2015PT) A Company duly incorporated under the provisions of the Companies Act, 2013, and having its registered office at “GODREJ ONE” 5th Floor, Pirojshnagar, Eastern Express Highway, … Continue reading NGT orders Demolition of Residential Project of Godrej Reflections at Kaikondarahalli →

FARM HOUSES-OFFERS

There has been a lots of noise in the social media and internet about the FARM LAND, MANAGED FARMS, FARM HOUSES and various offers, including club house and unbelievable returns on the investment. Please visit the property, conduct local enquiry, conduct survey, and examine the titles diligently, then, start the negotiation and if, everything appears … Continue reading FARM HOUSES-OFFERS →

B-Katha Properties and its nature

There is only one KATHA. There are no ABCD kathas in the KMC Act. Katha means, a revenue account of the property in the municipal records and it is a secondary title document. B-Katha is issued by the municipal authority, within its jurisdiction the property is situated. A register is maintained and entries regarding the … Continue reading B-Katha Properties and its nature →

High Court Observations on the regularisation of lands acquired by BDA

The High Court of Karnataka has observed that the actions regarding the regularisation or re convey of BDA Acquired properties within the BDA limits as per the new Amendment is subject to the final outcome or the order from the Court. The Government of Karnataka proposed to regularise the properties, which are constructed in the … Continue reading High Court Observations on the regularisation of lands acquired by BDA →

BBMP property tax rebate period extended to 30-06-2021

Due to the pandemic and lockdown in the State of Karnataka, the Government has extended the rebate of 5% on the payment of full year property taxes in Bangalore and issued a circular to this effect. The property owner, who has not paid and those who could not pay till 31-5-2021, may avail this opportunity … Continue reading BBMP property tax rebate period extended to 30-06-2021 →

Property prices in Bangalore and surrounding areas in 2021& Proposed projects at the cost of the buyers.

The construction industry was in an upbeat mood in January 2021 to February 2021, the down fall began by March beginning, marking the end of the swing. Expecting the unexpected the sellers/builders started marketing the properties in a frenzy, even the ones, which did not have anything, except the brochures. Many buyers are already in … Continue reading Property prices in Bangalore and surrounding areas in 2021& Proposed projects at the cost of the buyers. →

Stamp Duty reduced for the first time buyers of apartments in karnataka

The Karnataka Government has reduced the Stamp Duty from the present 5% to 3% on the budget apartments within the price range of Rs.35 Lakhs to Rs.45 Lakhs in the budget presented few days ago. It is applicable for the first time buyers only. This will help the first time property buyers save 2% on … Continue reading Stamp Duty reduced for the first time buyers of apartments in karnataka →

Advertisement in Social Media for the marketing of properties

Social Media is abuzz with ads and offers by the genuine & original owners, sellers, agents, developers, genuine builders, constituting 25% and 75% fekus, offering the properties or products for sale. In the course of the examination, it is found that the 75% fekus, have outsmarted the genuine owners, sellers, and developers. Before, even, clicking … Continue reading Advertisement in Social Media for the marketing of properties →

GST and the Booking amount paid for pre launch project. If the titles are defective, even, then, GST will be deducted and the booking amount paid is GONE. BEWARE.

We strongly advise property buyers NOT TO SIGN any document or letter or booking letter without property verification and suggest them to examine and read the brochure and the application form or any other paper or letter handed over by the seller/developer/agent/marketing person, to book the property/apartment, either to ready to move in or pre … Continue reading GST and the Booking amount paid for pre launch project. If the titles are defective, even, then, GST will be deducted and the booking amount paid is GONE. BEWARE. →

Property Inspection, before paying the booking amount- A New concept is contactless online inspection

Due to pandemic, a new concept in India has arrived- CONTACTLESS ONLINE INSPECTION, though the principles are welcome, but, this process or system is still in infancy stage. The property must be thoroughly inspected by an approved Chartered Engineer, specialised in checking the materials used in construction, structural design, compliance, quality and the durability of … Continue reading Property Inspection, before paying the booking amount- A New concept is contactless online inspection →

BDA`S Akrama-Sakrama ran into trouble-PIL filed in the High Court

The Bangalore Development Authority`s latest move to regularise the illegal and unauthorised occupation and construction of building in BDA lands, ran into serious trouble with a PIL filed in the High Court of Karnataka and notices sent to Government. BDA`s problems are never ending, come out with too many innovative ideas to regularise these types … Continue reading BDA`S Akrama-Sakrama ran into trouble-PIL filed in the High Court →

BBMP E-Aasthi Digital Property Records and the B Katha?

It is widely discussed about the properties across the Bangalore city with deviations, violations and irregularities of every kind, which were accorded or issued Katha Certificates by the BBMP, till date, few A Kathas and many B Kathas, are totally confused and worried about their future. Is it possible under this E-Aasthi to legitimize or … Continue reading BBMP E-Aasthi Digital Property Records and the B Katha? →

E-Aasthi-Digital Katha-BBMP

BBMP launches E-Aasthi DigiLocker for property owners. BBMP has decided to scrap the paper khata extract and certificate with immediate effect. The BBMP Commissioner stated that khata extracts and certificates are now null and void in the core 100 wards with immediate effect. The proposed Digital format will have 46 components, including pix of property … Continue reading E-Aasthi-Digital Katha-BBMP →