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You may have credit, debit, petro and membership cards, but a Property Card could be the one to have. For it promises to revolutionize the realty sector in Karnataka. When the Karnataka Land Grabbers (Prohibition) Act comes into force soon, it’ll Read More...
A fresh legal battle is brewing in the contentious Bangalore Mysore Infrastructure Corridor (BMIC) Project as some of the landowners have now sought a compensation amounting to over Rs. 120 crore from top bureaucrats for “fraudulently” acquiring Read More...
In what could be another relief for property owners in Bangalore, Bruhat Bangalore Mahanagara Palike (BBMP) is planning to put on hold the collection of improvement charges. Reason: The controversy surrounding the Sakrama scheme. Realising, rather late–especially Read More...
Condemning the decision of Bruhat Bangalore Mahanagara Palike (BBMP) to introduce the Capital Value-based System (CVS) of property tax in the city from April 2008, two former Congress Mayors on Thursday demanded that the existing system of calculating Read More...
Officials say it can take six months for the normal situation to return Government Order creates confusion about jurisdiction Builders, developers criticise steep increase in guidline value BANGALORE: The revised guidance value for properties in Bangalore Read More...
2.5 acres recovered at HBR Layout BANGALORE: The Joint Legislature Committee formed to look into encroachment of government lands has criticised the Bangalore Development Authority for its failure to take legal steps to safeguard its property at HBR Layout Read More...
BANGALORE: Property owners in the five new zones comprising the seven erstwhile city municipal councils (CMC) and one town municipal council (TMC) areas will have to pay more property tax from this year. As part of the property tax, the Bruhat Bangalore Read More...
The two townships coming up in Bidadi (Karnataka) are being treated differentially. Reason: One is public sector, the other is private. The BMRDA is building a 9,684-acre township covering six villages and one grazing land at Bidadi. No studies including Read More...
A GROUP of Indian investors in Bahrain who feel they have been cheated by a property developer in Bangalore are to form an association to fight their case. They say property they purchased from CEHD Corporation/Athina Hotels and Resort Developers in Hennur, Read More...
BANGALORE: Luxury will come with a premium. By April, you may have to shell out some extra money to the stamps and registration department if the property you are going to buy boasts special amenities. To cash in on the housing boom in Bangalore, the Read More...
BANGALORE: Buying a property and worried about its genuineness? Your worries could be solved through the Title Insurance Policy announced in the budget, which would help the buyer to ascertain the genuineness of the property. An insurance company recognised Read More...
BANGALORE: After a decade of juggling with the idea and Bills presented for legislation rejected twice by the governor, the third time proved lucky for the government as well as lakhs of owners of properties with deviations. Now, those deviations can Read More...
Property Developers will be paying an added tax on their premises for construction materials, over and above the money they have been paying to the builder to hold the property, says Supreme Court. The minimum VAT on construction material is at 4 per Read More...
Needless to say, Karnataka is fast transforming from a sleepy city into one of India’s fastest growing cities. One third of the state’s population lives in urban areas. Out of this, 40% are settled in Bangalore which had the distinction of Read More...
The plans to provide women property buyers with a uniform 3% stamp duty may fall into the ‘green box’. At present, the stamp duty on real estate purchases range from 7% to 12%, depending on states. However, the Capital city is the only exception Read More...
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