BDA-WARNING NOTICE – SALE OF PROPERTY IN HAL LAYOUT


 

bda-ad-illegal transaction-bda-hal-sale-warning

DURING THE COURSE OF OUR VERIFICATION, WE HAVE FOUND OUT MANY SUCH DIFFERENT SCAMS AND CHEATING CASES WITH CLEAR INVOLVEMENT OF MANY FINANCIAL INSTITUTIONS. BBMP, IN MANY CASES HAD ISSUED KATHAS FOR SUCH PROPERTIES. THESE TYPES OF ILLEGAL PROPERTIES EXISTS AND BEING TRANSACTED AND REGISTERED.

THE MODUS OPERANDI IS AS UNDER:

THE BUYER APPROACHES A BANK FOR HOME LOAN, THE (FRAUD)BANK SANCTIONS THE LOAN AND THE BORROWER WILLFULLY DEFAULTS THE REPAYMENT OF LOAN. THE BANK ATTACHES THE PROPERTY AND CONDUCT A PUBLIC OR E-AUCTION. THE FOOLISH BIDDER, WITHOUT VERIFYING THE TITLES SUCCESSFULLY BIDS AND BUY THE PROPERTY.

IN A HIGH PROFILE CASE AT A POSH LOCATION IN KORAMANGALA, A NRI (KNOWS ABOUT THE ILLEGALITY AND FAKE DOCUMENTS), HAS BOUGHT A PROPERTY IN PUBLIC AUCTION BY (THIS BANK SANCTIONS ALL KINDS OF LOAN AND MOST OF IT FOR ILLEGAL AND UNAUTHORISED BUILDINGS ONLY) XXXX BANK, THOUGH THE TITLES ARE NOT GOOD AND THE NOTORIOUS NRI DELIBERATELY BOUGHT AND WAS TRYING TO SELL AND BY THIS TIME, HE WOULD HAVE SOLD AND REPATRIATED THE AMOUNT TO U.S.A.

WE ADVISED OUR CLIENT AGAINST BUYING AND SUBMITTED HIM THE SUPPORTING DOCUMENTS, THE NOTORIOUS NRI CLAIMED THAT THE TITLES ARE GOOD AND DISAPPEARED.

IN ANOTHER NOTORIOUS INCIDENT, LAST MONTH, A LEADING BANK, ADVERTISED E-AUCTION IN THE NEWS PAPERS ABOUT AN APARTMENT IN AN APARTMENT BLOCK, WHICH WAS ACQUIRED BY BDA AND THE FINAL NOTIFICATION WAS COMPLETED AND WAS NOT DENOTIFIED EVEN UNDER THE RE-DO SCHEME, AT RACHENAHALLY VILLAGE, BANGALORE EAST TALUK.

A COMPLAINT WAS LODGED WITH THE BANK AND THE BDA.

IN ANOTHER CASE, AT HRBR LAYOUT, XXXXXXXXXXXXXXXXX BANK HAD SANCTIONED RS60,00,000/- HOME LOAN, THE BUYER IS ANOTHER NRI, TRIED TO SELL WELL BUILT RESIDENTIAL PROPERTY WITH BBMP KATHA, THROUGH A GPA, IT WAS ACQUIRED BY BDA LONG BACK BY BDA. AFTER SEVERAL YEARS, THE BDA BROUGHT THE BULLDOZER TO DEMOLISH, THEN THE BUYER WOKE UP AND FIGHTING A LOOSING BATTLE WITH BDA. THE SELLER HAS EASILY POCKETED THE MONEY.

WE ADVISED OUR CLIENT AGAINST BUYING AND SUBMITTED THE SUPPORTING DOCUMENTS.

BDA TAKES POSSESSION OF NOTIFIED PROPERTIES IN BHOOPASANDRA


BDA HAD NOTIFIED SEVERAL SURVEY NUMBER XX PROPERTIES IN BHOOPASANDRA AND THE ISSUE WAS PENDING FOR A LONG TIME, THE OFFICIALS TOOK POSSESSION OF THE ACQUIRED PROPERTY WORTH AROUND RS70 CRORES.  IT IS ALSO SAID THAT MANY PROPERTIES WHICH HAD BEEN NOTIFIED IN AREAS LIKE HBR LAYOUT, HRBR, ARKAVATHY AND OTHER LAYOUTS, WHERE THE LANDS WERE ENCROACHED BY CRIMINAL ELEMENTS AND LAND MAFIA, WILL BE CLEARED VERY SOON. IN THESE AREAS, BASED ON WRONG DECLARATIONS AND MISREPRESENTATION OF FACTS, THE BBMP HAS ISSUED KATHAS AND MANY BANKS HAVE ALSO SANCTIONED HOME LOANS, WITHOUT EVEN VERIFYING THE DETAILS, SUCH PROPERTIES, EVEN THOUGH WITH BBMP KATHA AND BANK LOANS IS THE PROPERTY OF BDA AND IN SOME CASES BELONGS TO GOVERNMENT AND KHB.

THERE ARE PROPERTIES WORTH OVER FEW HUNDRED CRORES WHICH HAD BEEN NOTIFIED AND REWARD HAD BEEN AWARDED TO THE ORIGINAL LAND LORDS, WHICH ARE STILL IN THE POSSESSION OF ILLEGAL OCCUPANTS CLAIMING TO HAVE SALE DEEDS, FORM NO-9, FORM NO.10, BUILDING PLANS, PANCHAYAT APPROVAL AND WORSE-DC CONVERSION COPIES IN BDA AREAS AROUND BANGALORE.