TIME TO BUY RIGHT PROPERTIES NOW

The Real Estate Market in Bangalore is very volatile. It is the right time to buy the properties with caution. The buyer appears to have an higher hand in the negotiations. The leading builders are not yielding to the pressure to sell, but middle class and other developers are yielding to the market pressure and … Continue reading TIME TO BUY RIGHT PROPERTIES NOW

BUDGET PROPOSES BENEFITS FOR THE FIRST TIME HOME BUYERS UNDER AFFORDABLE HOUSING SCHEME WITHIN RS.45 LAKHS

AFFORDABLE HOUSING-2019-BENEFITS Budget 2019 has proposed to increase the deduction that can be claimed for interest paid on loans taken for affordable housing by Rs 1.5 lakh to Rs 3.5 lakh per annum for houses valued up to Rs 45 lakh. The deduction is available on loans taken up to March 31, 2020.

UNION BUDGET HIGHLIGHTS 2019-20

Key Highlights of Union Budget 2019-20 July 5, 2019 The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman made her maiden Budget Speech today and presented the Union Budget 2019-20 before the Parliament. The key highlights of Union Budget 2019 are as follows: 10-point Vision for the decade  Building Team India with … Continue reading UNION BUDGET HIGHLIGHTS 2019-20

ANCESTRAL PROPERTY

ANCESTRAL PROPERTY 4 GENERATIONS GREAT GRAND FATHER GRAND FATHER FATHER SON The property remains undivided from that time, till date is treated And termed as ANCESTRAL PROPERTY PROPERTY INHERITED UPTO FOUR GENERATIONS OF LINEAGE, EHICH MEANS FATHER, GRAND FATHER, GREAT GRAND FATHER AND GREAT-GREAT-GRAND FATHER is called ancestral property.  It should have remained undivided till … Continue reading ANCESTRAL PROPERTY

A Proposal to Ban the construction of Apartments in Bangalore for 5 years

The Deputy Chief Minister, during an interview expressed a view that there is a proposal to STOP the construction of Apartments for 5 years, it is applicable for the legitimate builders, who are coming up or building apartment complex by complying all the rules and regulations, but for majority of scrupulous and fraud builders, who … Continue reading A Proposal to Ban the construction of Apartments in Bangalore for 5 years

BUNGALOW-VILLA PLOT FOR SALE ON SARJAPUR ROAD

Approximately 8,000 Sft of residentially converted, STRRPA Approved, with Genuine E-Katha, Up-to Date tax paid, clear titled, vacant, single owner, self acquired property and located on Sarjapur Road, near sports city is FOR SALE. Suitable for apartments or Row housing. Close to proposed STRRPA Ring Road. Genuine buyers may contact: ecopackindia@gmail.com ecopackindia@yahoo.com ecopackindia@live.com 9342816151/9980866144

B-KATHA CONVERSION BY BBMP

The BBMP has sent a proposal to the State Government of Karnataka to regularise (convert) B katha properties (vacant properties-without any construction) to A katha and the matter is still pending before the Government. As this subject is under judicial scrutiny before the Apex Court, the matter may be brought before the court for its … Continue reading B-KATHA CONVERSION BY BBMP

PLANTATION LAND IN BANGALORE, RAMANAGARA, TUMAKURU AND CHIKKABALLAPURA DISTRICTS- Managed by companies-DANGER-WATCH OUT-ANOTHER DREAMZ IS UNDER CREATION

Too many mails, SMS and Spam & Fraud telecallers inviting you for the purchase of PLANTATION LANDS in Bangalore Urban, Rural, Ramangara, Tumakuru and Chikkaballapura Districts, tempting the buyers with juicy deals. UNDERSTAND: What are plantation Crops? Where does these crops grow? What are the requirements of a plantation land? BEWARE AND BE CAREFUL, NOT … Continue reading PLANTATION LAND IN BANGALORE, RAMANAGARA, TUMAKURU AND CHIKKABALLAPURA DISTRICTS- Managed by companies-DANGER-WATCH OUT-ANOTHER DREAMZ IS UNDER CREATION

BUILDING PLAN AND RERA APPROVAL FOR A PROPERTY WITH LONG PENDING-STILL PENDING-TITLE SUIT-SARJAPUR ROAD, BANGALORE

It is said that a leading builder, in an upcoming apartment complex on sarjapur road obtained the sanction for a building plan from BBMP and got the RERA Approval, for the schedule property which had a litigation or title suit or cases as long as 19 to 20 years and still running and will run … Continue reading BUILDING PLAN AND RERA APPROVAL FOR A PROPERTY WITH LONG PENDING-STILL PENDING-TITLE SUIT-SARJAPUR ROAD, BANGALORE

SENIOR CITIZENS-AGED PARENTS-GIFT DEED

Aged parents or senior citizens or widowed mother/father and aged sisters and brothers, who had properties or owned properties, which had been gifted to the children or sisters or brothers and are not being taken good care by the children/sisters or brothers may approach the court to get their grievance redressed, if the same gifted … Continue reading SENIOR CITIZENS-AGED PARENTS-GIFT DEED

TDR SCAM-APARTMENTS BUILT WITH TDR OF 2 BUILDERS MIGHT BE AFFECTED

There is news of allegations of discrepancy/violation of law regarding the TDR issued by the BBMP, utilising it, a leading builder having built apartments at Bannergatta road and another builder having built few residential complexes across Bangalore may be under scrutiny by the investigating agencies. It is learnt from reliable sources that there are few … Continue reading TDR SCAM-APARTMENTS BUILT WITH TDR OF 2 BUILDERS MIGHT BE AFFECTED

TDR Scam in BBMP- Some builders may or might or really in trouble!!!!

The recent Transferable Development Right SCAM in BBMP will ultimately affect the innocent property buyers, in fact, majority are APARTMENT BUYERS. The fact is that these BUILDERS have bought the TDR and made good use of it and are constructing or constructed the complexes, may be illegal. It is a long legal battle. The advance … Continue reading TDR Scam in BBMP- Some builders may or might or really in trouble!!!!

PROPERTY LEGAL SERVICES FOR OVERSEAS CLIENTS – DEVELOPMENT OF RESIDENTIAL LAYOUTS-INDUSTRIAL ESTATE & COMMERCIAL COMPLEXES

We provide end-end liaison services in Karnataka. We assist in the purchase of properties/lands for residential/industrial and commercial purposes, change the nature of use from the appropriate Government authority, develop it as per the prevailing laws, obtain the approvals, clearances and ready to build status. We handle property/recovery & all type of civil litigations from … Continue reading PROPERTY LEGAL SERVICES FOR OVERSEAS CLIENTS – DEVELOPMENT OF RESIDENTIAL LAYOUTS-INDUSTRIAL ESTATE & COMMERCIAL COMPLEXES

BDA, Anekal Planning Authority & BIAAPA Approved & Released Sites with E-Katha is available for sale

1). 2 BHK Apartment at Hiranandani, Devanahalli, freehold, ready to occupy is for sale. Price.92,00,000/-, with E-Katha. 2). BIAAPA approved and released site near Brigade Orchards, Devanahally, close to the 60 feet road and cargo road is for sale. 1,350 sft. Price. 3,000/- 3). North Facing, BDA site in Jayanagar 2nd Block, 80 feet road, … Continue reading BDA, Anekal Planning Authority & BIAAPA Approved & Released Sites with E-Katha is available for sale

Sale Agreements which are one sided and unfair cannot stand the test of law and will be struck down. Many builder`s sale agreements in bengaluru is of similar kind. Supreme Court case citation dated 02-04-2019

R IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO. 12238 OF 2018 Pioneer Urban Land & Infrastructure Ltd.                                     …Appellant Versus Govindan Raghavan                                                                                               …Respondent WITH CIVIL APPEAL NO. 1677 OF 2019 Pioneer Urban Land & Infrastructure Ltd.                                     …Appellant Versus Geetu Gidwani Verma & Anr.                                                                    …Respondent J U D G M E N … Continue reading Sale Agreements which are one sided and unfair cannot stand the test of law and will be struck down. Many builder`s sale agreements in bengaluru is of similar kind. Supreme Court case citation dated 02-04-2019

AN APARTMENT COMPLEX – UPCOMING – HAS COURT CASE – RERA APPROVAL & BBMP PLAN SANCTION

A Tragedy in the making. A builder, has obtained RERA Approval and BDA-DP and BBMP plan sanction, convincing (authorities) that it has a GOOD CASE. But, God only knows, how good the case is??>????? But, it may be true or it may turn out to be a deliberate tragedy for the buyers of the apartments. … Continue reading AN APARTMENT COMPLEX – UPCOMING – HAS COURT CASE – RERA APPROVAL & BBMP PLAN SANCTION

WATER SCARCITY STARING AT BANGALORE

The onset of summer brought with it, mild to high temperature reaching upto 36 degrees and acute water shortage. The Government (BWSSB) cannot quench the thirst of 10 to 12 million citizens with TG Reservior and Cauvery water supply, as the Summer advances, the situation appears to be too grim to ignore. The underground water … Continue reading WATER SCARCITY STARING AT BANGALORE