Many Banks and other financial institutions are LENDING OR FINANCING the housing sector and more than 50% are ILLEGAL TRANSACTIONS, lending it to the irregular, illegal and buildings with deviation and violation. Please read through the MASTER CIRCULAR by the RBI. Marketing agencies, agents, brokers, builders, developers, sellers, resellers and owners STATE THAT THE PROJECT … Continue reading MASTER CIRCULAR REGARDING HOUSING LOAN BY BANKS – THE PRESENT PRACTICE OF THE BANKS TO FINANCE ILLEGAL BUILDINGS AND LAYOUTS – ANOTHER SCAM – FINANCING ILLEGAL STRUCTURES OR BUILDINGS
The State and Central Governments may begin planning for suburban train to ease traffic congestion in Bangalore, it should have been planned 10 years back, but, better late than never, the Government has announced that it would start the PLANNING BY MAY, 2017.
The Peripheral Ring Road, which was delayed has been taken up by National Highways Authority and will be executed soon. It is a good news for the commuters. It is 65 Km and connects Nelamangala, Devanahally, Hosakote, Anekal, Kanakapura and Makali, thus reducing the traffic congestion in and around bangalore.
Ignorance is Bliss: For un approved, illegal, unauthorised, green belt, DC Converted sites owners and fake katha property owners across the state, are a happy lot, as long as they are Ignorant about the prevailing laws. There are innumerable layouts formed in Green Belt, Agricultural Zone, amidst Raja Kaluve, Encroaching the lake and on Gomala … Continue reading The effects of NGT order on lakes and raja kaluve
ONLINE BBMP PORTAL TO PAY TAXES The BBMP has made necessary arrangements through its website to pay the property taxes from 04-04-2016 evening or latest by 05-04-2016. The citizens can avail the online facility to pay the taxes for 2016-17 and avail 5% rebate, if paid within 30-04-2016.
Due to inclement weather and harsh summer, the underground water table across the state is depleting very fast and the water storage levels in the reservoirs supplying drinking water to Bangalore does not have enough storage and this might affect the regular water supply. The apartments depending upon water tankers might have to pay up … Continue reading WATER SCARCITY and POWER CUTS IN APRIL 2016
The power supplying companies might increase the power tariff by a minimum of 20 paise per unit from 1st, April, 2016.
Harsh summer, Power and Water shortages in Bangalore and Karnataka in 2016 Karnataka and Bangalore is staring at a critical water shortage and a harsh summer, this as experts feel is worst in 40 years. The state government has already declared drought in 136 talukas, this in itself considered the worst in 40 years. Bangalore`s … Continue reading SEVERE DROUGHT IN KARNATAKA
ORGAN DONATION ‘MOST UNAWARE THAT EVEN LIVER, LUNGS CAN BE DONATED’ Brain dead persons and many other persons who die accidentally, their family might want to donate organs. it is possible. it is very helpful to the needy. This will give you a new lease of life with the ability to carry on all … Continue reading HUMAN BODY ORGAN DONATION – KARNATAKA
Continuing its drive to recover the Government Lands, the District Administration has recovered lands worth over Rs.1,600 Crores in Bangalore District, which includes an apartment complex at Hulimavu. On the otherhand the BDA has also initiated the recovery proceedings and issued notices in several parts of Bangalore. Contempt of court proceedings initiated against the BDA … Continue reading Bangalore District Administration recovers encroached lands
Severe action against apartment complexes, which are discharging untreated and toxic materials and waste into the lakes in Bangalore is being contemplated by the Government in order to stop the dying lakes and water pollution. The KSPCB and other Government Departments may disconnect power supply and initiate other penal proceedings, if the STP is not … Continue reading POWER CUT AND OTHER PENAL ACTIONS AGAINST APARTMENTS AND INDUSTRIES DISCHARGING TOXIC, UNTREATED SEWAGE AND WASTE INTO THE LAKES – SEVER ACTION IS CONTEMPLATED
It has come to light that one of the leading builder, knowingly well has bought a piece of land in the Jalahally - Peenya Area, which actually belonged to the Forest Department and is constructing apartments. The Forest Department has issued eviction notices to a private builder. The matter is pending appeal with the state government, … Continue reading A LEADING BUILDER`S PROJECT – FOREST DEPARTMENT ISSUES NOTICE TO VACATE – AS USUAL, THE BUILDER HAS APPROACHED THE JUDICIARY TO DELAY THE ????????????
The Karnataka Government has directed the Fire and Emergency Services and allied departments to regularly conduct checking of residential and commercial complexes across the state regarding the compliance of the directives issued at the time of issuing the NOC to occupy the complex or the building. It has been found that over 13000 apartments/commercial complexes … Continue reading APARTMENT OWNERS ASSOCIATION IN KARNATAKA – MOSTLY LOCATED IN BANGALORE – MAY FACE HEAT FOR NON-COMPLIANCE OF DIRECTIONS OR CONDITIONS OF APPROVAL FROM FIRE AND EMERGENCY SERVICES DEPARTMENT
The Department of Stamps and Registration is embarking upon the revision of guideline values for the registration of properties across the state and might effect the same by October, 2015. The revision of Guideline value has been taken up on a yearly basis and it is based on the market values. The property market in … Continue reading PROPERTY REGISTRATION VALUE MIGHT GO UP BY 10% TO 30% IN KARNATAKA
The stamps and registration department may make Aadhaar authentication "A MUST FOR PROPERTY REGISTRATION" in Karnataka. However, this authentication can happen only in case of customers who are Aadhaar holders. The services will be offered by Centre for e-Governance, Karnataka, which is in charge of the enrolment process. This will be done in coordination with … Continue reading AADHAAR AUTHENTICATION FOR PROPERTY TRANSACTIONS MAY BE MANDATORY IN KARNATAKA SOON TO ELIMINATE FRAUD AND DUBIOUS TRANSACTIONS
IT IS TRUE THAT THERE ARE OVER A LAKH APARTMENTS REMAINS UNSOLD AND THE DEVELOPERS ARE COMING UP WITH NEW PROJECTS, THE BUYERS ARE BAFFLED AT THE PARADOX, INSPITE OF THE UNSOLD INVENTORY AND THE RENTAL MARKET IS COMING DOWN, THE PRICES OF THE APARTMENTS HAVE NOT GONE DOWN SUBSTANTIALLY. THE BUYERS ARE DUPED WITH … Continue reading UNSOLD APARTMENTS IN BANGALORE IS AROUND 1,00,000 AND MANY MORE ARE COMING UP
IT HAS COME TO LIGHT THAT SOME OF THE APARTMENTS/APARTMENT COMPLEX/VILLAS/PROJECTS HAVE ILLEGALLY, WITHOUT PROPER SANCTION OR APPROVAL HAVE MADE OR CONSTRUCTED ADDITIONAL STRUCTURES OR BUILDINGS, MODIFIED THE EXISTING STRUCTURES, ALTERED THEM BEYOND RECOGNITION, SHIFTED SOME OF THE INFRASTRUCTURE FACILITY OR REMOVED SOME OF THE STRUCTURES, AFTER OBTAINING THE OCCUPANCY CERTIFICATE FROM THE APPROPRIATE PLANNING … Continue reading APARTMENTS – APARTMENT COMPLEXES – ADDITIONAL DEVELOPMENT OR STRUCTURES OR MODIFICATION OR ALTERATION DONE AFTER OBTAINING OCCUPANCY CERTIFICATE !!!!
The state government has decided to increase the width of Bannerghatta Road to 45 metres (147.6 feet), But there are 405 property owners across this stretch, who are not willing to forego their properties, this has proved to be a double-edged sword: While it is bound to cheer motorists , it would prove to be … Continue reading BANNERGHATTA ROAD, BANGALORE, TO BE WIDENED TO 150 FEET
THE DISTRICT ADMINISTRATION IS EMBARKING UPON A MASSIVE DRIVE TO CLEAR OUT THE ENCROACHERS AND RECOVER THE VALUABLE GOVERNMENT PROPERTY AND EARMARKED 8 MORE LAKES. DC CONVERTED SITES FORMED IN THESE AREAS MIGHT "GO TO HELL" AND MANY WILY POLITICIANS AND DEVELOPERS WILL FACE THE HEAT!!!! THE BUYERS/OWNERS OF THESE PROPERTIES ARE NOT POOR OR … Continue reading 8 MORE LAKE ENCROACHMENTS WILL BE CLEARED – DISTRICT ADMINISTRATION