ENCROACHMENT – RAJA KALUVE – LAKES – LENDERS ESCAPED


The owners who have bought the apartments and sites in and around raja kaluve and the lakes have borrowed money from BANKS.  In many cases, the banks have evaluated the projects and in some cases had issued pre approval to the projects which are under investigation and demolition. Majority of the buyers are borrowers and… Read More

REGISTRATION OF PROPERTIES AT A VALUE LESSER THAN THE ACTUAL SALE VALUE OF THE PROPERTY TO EVADE STAMP DUTY AND INCOME TAX


A News Report of real estate transaction in Bangalore Mirror on 13-07-2016 Woman entered into a deal to sell her property, but faced trouble when buyer refused to pay the ‘remainder’  The High Court of Karnataka has allowed a 75-year-old property owner to initiate a cheating case against the buyers of her property who allegedly… Read More

BOUGHT A SITE FROM HOUSING CO-OP SOCIETY- GET READY FOR ENQUIRY!!


READ THE LINK IN KANNADA: A NEWS PAPER REPORT: CLICK ON THE LINK LARGE SCALE TAX EVASION DETECTED BY THE INCOME TAX DEPARTMENT AND THE DEPARTMENT OF STAMPS AND REGISTRATION IN KARNATAKA SITES FORMED BY HOUSING CO OP SOCIETIES AND SOLD BY THEM. CLICK ON THE LINK DOWN: http://www.kannadaprabha.com/top-news/%E0%B2%AE%E0%B3%81%E0%B2%A6%E0%B3%8D%E0%B2%B0%E0%B2%BE%E0%B2%82%E0%B2%95-%E0%B2%B6%E0%B3%81%E0%B2%B2%E0%B3%8D%E0%B2%95-%E0%B2%B5%E0%B2%82%E0%B2%9A%E0%B2%A8%E0%B3%86-%E0%B2%A8%E0%B2%BF%E0%B2%B0%E0%B3%8D%E0%B2%AE%E0%B2%BE%E0%B2%A3-%E0%B2%B8%E0%B2%82%E0%B2%98%E0%B2%97%E0%B2%B3-%E0%B2%A4%E0%B2%A8%E0%B2%BF%E0%B2%96%E0%B3%86/122729.html AN EXAMPLE: BOUGHT A SITE FROM… Read More

HOME LOANS AND RBI DIRECTIVES – TAX EVASION BY THE BUYERS IS UNDER SCRUTINY


RBI HAS DIRECTED ALL THE BANKS NOT TO OVER VALUE THE PROPERTIES WHICH INCLUDES STAMP DUTY, REGISTRATION FEE, SERVICE TAX, VAT AND OTHER ADDITIONS, WHILE PROCESSING THE HOME LOANS, AS THE REGULATOR RECEIVED COMPLAINTS OF SUCH DISCREPANCIES BY SOME OF THE BANKS. THE INCOME TAX DEPARTMENT IS EXAMINING THE HOME LOANS APPLICATIONS AND SANCTIONS AS… Read More