REVISED GUIDANCE VALUE – SOON!


THE GOVERNMENT IS KEEN ON REVISING THE GUIDANCE VALUE OF THE PROPERTIES IN AND AROUND BANGALORE AND MIGHT BRING IT TO THE MARKET VALUE/PRICE SOON. THE BUYERS WHO HAVE ALREADY BOOKED THE APARTMENTS/VILLAS/SITES IN PRELAUNCH OFFERS AND THOSE WHO MIGHT BE REGISTERING IT BY THE END OF JULY,2013  WILL HAVE TO BEAR  ADDITIONAL BURDEN OF … Continue reading REVISED GUIDANCE VALUE – SOON!

WHY SCRUTINY AND EXAMINATION OF PROPERTY DOCUMENTS AND VERIFICATION OF THE TITLES REQURIED?


It is advised to conduct a thorough scrutiny/examination of the property documents, licenses, approvals, katha and related clearances from an expert advocate, before entering into an agreement of sale. The Sale Agreement and The Sale Deed are very important documents, which must be drafted with utmost care and all relevant details regarding the acquisition of … Continue reading WHY SCRUTINY AND EXAMINATION OF PROPERTY DOCUMENTS AND VERIFICATION OF THE TITLES REQURIED?

UNTOLD HORRORS OF XXX & XXXXXXXX (XXXXXX CONSTRUCTIONS) -THE BOMBER COMMAND !!!


THE GREATEST DEVELOPERS AND BUILDERS WILL NOT PROVIDE THE DOCUMENTS FOR BUYERS AS THEY CONTAIN ATOM BOMBS !!!!!!!!!!!!!! YES. IT IS TRUE. THEY HAVE BOMBED THE HOPES OF MANY DECENT AND HONEST BUYERS!!!!!!!!! THEY HIDE, CONCEAL AND IN A BID TO DECEIVE, DOCUMENTS ARE NOT SUBMITTED FOR LEGAL EXAMINATION AND VERIFICATION AND THE BUYERS MUST … Continue reading UNTOLD HORRORS OF XXX & XXXXXXXX (XXXXXX CONSTRUCTIONS) -THE BOMBER COMMAND !!!

BUYING AN APARTMENT – FREE GIFTS


A CRUEL JOKE ENACTED ON THE BUYERS OF THE APARTMENTS AT BANGALORE: BULLET PROOF VESTS AND PISTOLS ARE OFFERED AS GIFTS FOR THE PURCHASE OF PROPERTIES/APARTMENTS AND ADDITIONAL BONUS FREE GIFT IS LIFE LONG LITIGATION. TODAY`S NEWS REPORT IS THE CLEAR INDICATION THAT SOME BUILDERS ARE ENGAGED IN SUCH (ILLEGAL)ACTIVITIES AND ARE FIGHTING FOR GOVT … Continue reading BUYING AN APARTMENT – FREE GIFTS

BUILDER`S ANTICS & TACTICS AT BANGALORE


AS IT IS SAID, THE VIOLATIONS AND IRREGULARITIES ARE A WAY OF LIFE FOR CHEATS AND FRAUDS, EVEN THE GENTLEMEN `BUILDERS AND DEVELOPERS` ARE TAKING SHELTER UNDER THIS UMBRELLA.  WHEN ILLEGALITIES/VIOLATIONS AND NON COMPLIANCE TO THE PREVAILING LAWS ARE BROUGHT TO NOTICE OR INTIMATED WITH SUPPORTING DOCUMENTARY EVIDENCE, THE OWNERS/SELLERS/DEVELOPERS, CORNERED WITH THE TRUTH AND … Continue reading BUILDER`S ANTICS & TACTICS AT BANGALORE

IRREGULARITIES, VIOLATIONS, MISREPRESENTATON OF FACTS & CONCEALMENT OF FACTS BY TOP BUILDERS AT BANGALORE


IT IS NOTICED THAT IRREGULARITIES, VIOLATIONS, DEVIATIONS, MISREPRESENTATION OF FACTS, CONCEALMENT OF MATERIAL FACTS AND IRRELEVANT DOCUMENTS ARE SUBMITTED TO THE GOVERNMENT AUTHORITIES AND ALL THE BOARDS ETC TO OBTAIN THE LICENSES, APPROVALS, NOC AND CLEARANCES HAVE BECOME A PART AND PARCEL OF THE REAL ESTATE AND CONSTRUCTION BUSINESS.  OF LATE, EVEN, THE SO CALLED, … Continue reading IRREGULARITIES, VIOLATIONS, MISREPRESENTATON OF FACTS & CONCEALMENT OF FACTS BY TOP BUILDERS AT BANGALORE

STAMP DUTY AND REGISTRATION FEE FOR PROPERTIES IN BBMP LIMITS


STAMP DUTY: 6.72% OF THE GUIDANCE VALUE OR THE CONSIDERATION AMOUNT SHOWN IN THE SALE DEED,WHICHEVER IS HIGHER. REGISTRATION FEE: 1% OF THE GUIDANCE VALUE OR THE CONSIDERATION AMOUNT SHOWN IN THE SALE DEED,WHICHEVER IS HIGHER. TOTAL: 7.72%. IT IS APPLICABLE FOR SITES, HOUSES, APARTMENTS AND ALL TYPES OF PROPERTIES.

REGISTRATION OF PROPERTIES MADE EASY AND HASSLE FREE


THE CHIEF MINISTER MR.D.V.SADANANDA GOWDA INAUGURATED A NEW CONCEPT AND HASSLE FREE REGISTRATION PROCESS IN THE STATE OF KARNATAKA FROM 04-11-2011.  PROPERTY BUYERS CAN REGISTER THEIR PROPERTIES IN ANY OF THE SUB-REGISTRARS OFFICE IN THEIR DISTRICT.  THERE IS ALSO A PROPOSAL TO CREATE AND ISSUE A UNIQUE PROPERTY IDENTITY CARD TO THE PROPERTY OWNERS IN KARNATAKA BY … Continue reading REGISTRATION OF PROPERTIES MADE EASY AND HASSLE FREE

SALE AGREEMENTS


ONE SIDED AGREEMENTS-UNFAIR AGREEMENTS-BIASED AGREEMENTS, ILLEGAL AGREEMENTS, UNFAIR CLAUSES - BY DEVELOPERS AND BUILDERS IS YOUR BUILDER/DEVELOPER/MARKETING AGENCY COMPELLING YOU TO SIGN OR ENTER INTO SALE AGREEMENTS ON CERTAIN CLAUSES WHICH ARE AGAINST YOUR INTERESTS OR IN FAVOUR OF THE DEVELOPER OR UNFAIR OR ONE SIDED AGREEMENTS OR THE BUILDER DOES NOT AGREE TO MODIFY … Continue reading SALE AGREEMENTS

REGULARISATION OF REVENUE SITES IN BBMP LIMITS – AN OPPORTUNITY FOR INVESTORS – MARKET WILL FINETUNE THE PRICES


THE AKRAMA -SAKRMA SCHEME AND THE PROPOSED REGULARISATION OF REVENUE SITES BY THE BBMP  WILL THROW IN LARGE NUMBER OF PROPERTIES FOR SALE AND THE MARKET MIGHT REACT WITH A DEPRESSING NOTE FOR SUCH SUPPLY AND HENCE THE PRICES MIGHT GET SHOCKING JOLT(REDUCTION IN PRICES) IS EXPECTED BY THE INVESTORS.