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Property Tax-SAS Scheme Reintroduced-Old Properties Gain

With the 2000 rates of SAS in force coupled with more flexibility in building depreciation, owners of old properties have much to cheer about when paying their property tax. As per the BBMP's estimation, nearly 65% of old properties will actually Read More...
Posted Friday, January 23, 2009 7:55 PM by MyBangaloreProperty Services | 1 Comments

BBMP Property Tax Rules 2008-Self Assessment Scheme Approved

The state government has approved the draft rule for property tax under the Self Assessment Scheme (SAS) proposed by the BBMP. The BBMP has called for suggestions and objections from the public within 15 days, after which it will start collecting the Read More...
Posted Thursday, November 20, 2008 5:15 PM by MyBangaloreProperty Services | 16 Comments

Getting Freebies with your Home? Not exactly

Unmasking property discounts and the free gifts It is a true that some developers are unable to sell houses and are offering discounts to lure purchasers in Bangalore. But, recent buyers have also discovered that many of these discounts are only marketing Read More...
Posted Sunday, April 20, 2008 6:20 PM by Ehsan M.W | 1 Comments

Citigroup's realty arm to buy 10% stake in Golden Gate Properties for Rs 400 Crores

Citigroup’s real estate arm is set to invest around Rs 400 crore ($100 million) in Bangalore-headquartered Golden Gate Properties for about 10% stake, sources said. The deal is expected to value the tier-II real estate firm at a little over $1 billion. Read More...
Posted Thursday, April 17, 2008 8:26 PM by Ehsan M.W | 1 Comments

Land rate up 3000 per cent in Bangalore Rural

The 'main roads' of Devapala, Arudi and Singenahalli villages, bordering Gowribidanur taluk, Bangalore Rural district, are virtually nonexistent. It's tough even for a bullock cart to navigate these roads. The value of dry agricultural land Read More...
Posted Wednesday, March 26, 2008 5:14 PM by MyBangaloreProperty Services | 8 Comments

Now Pay More for BBMP Sanction for your building Plan

The BBMP has resorted to an almost tenfold increase in the building licence fee, ground rent and charges to obtain certified copies of the plan. The new rates were approved by BBMP Administrator Dilip Rau on November 17 and came into effect on December Read More...
Posted Tuesday, January 1, 2008 10:47 AM by MyBangaloreProperty Services | 0 Comments

Property Exhibition "ET Realty Expo 2007" to be held in Bangalore from Friday

Here comes another property exhibition in Bangalore. ET(If you donno what is this? ET=Economic Times) ET Realty Expo is a three day property exhibition showcasing residential apartments and Townships from various 'A' class and 'B' class Read More...
Posted Thursday, November 29, 2007 5:12 PM by MyBangaloreProperty Services | 2 Comments

Sharp revision in guidance value in Bangalore rural

With the boom in the real estate business in Bangalore Rural and the newly created Ramanagara districts, the Department of Registration and Stamps has notified upward revision of property guidance values in these districts for the year 2007-08. The revision Read More...
Posted Saturday, November 24, 2007 8:21 PM by Ehsan M.W | 3 Comments

BBMP issues guidelines for khata

Following queries by people on the process of obtaining khata or transferring it, Bruhat Bangalore Mahanagara Palike (BBMP) has issued a set of guidelines to be followed by citizens while applying for khata certificates. BBMP Commissioner S. Subramanya Read More...
Posted Saturday, November 24, 2007 8:15 PM by Ehsan M.W | 83 Comments

Capital Value-based System (CVS) condemned by former mayors

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...
Posted Monday, November 19, 2007 7:29 PM by Ehsan M.W | 2 Comments

Land denotification rush in Bangalore

Even during the high-voltage political drama, the men-in-power took time off to denotify a whopping 170-odd acres of land worth hundreds of crores in the city in less than 10 days. The speed and the manner with which the notified lands for various developmental Read More...
Posted Thursday, October 25, 2007 2:34 PM by Ehsan M.W | 1 Comments

BDA agrees to allot small dimension sites

In a decision that could have far-reaching consequences, the Bangalore Development Authority (BDA) on Thursday informed the Karnataka High Court that it would allot small dimension sites (20 x 30 and 30 x 40) to all those who had made part payments for Read More...
Posted Thursday, October 25, 2007 2:31 PM by Ehsan M.W | 1 Comments
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Property owners in Bangalore City will have to switch over to the new method of property tax assessment CVS from the next financial year

Property owners in Bangalore City will have to switch over to the new method of property tax assessment — Capital Value based assessment System (CVS) — from the next financial year (from April 1, 2008) instead of the existing Annual Rentable Read More...
Posted Thursday, October 25, 2007 2:22 PM by Ehsan M.W | 1 Comments

Pay double tax on violations in your Property-Sakrama 2007

The ambitious Sakrama — building regularisation scheme — may have come as a breather for owners of buildings with violations. But till it gets off the ground and cases are settled, the BBMP has decided to milch the cow. With the Capital Value Read More...
Posted Sunday, October 21, 2007 4:30 PM by MyBangaloreProperty Services | 7 Comments

Royal Orchid may defer the launch of Peppermint in Bangalore

Bangalore-based Royal Orchid Hotels (ROHL) is expected to put hold on the launch of its first budget property in the city, located just off the arterial MG Road, reports Business Standard. ROHL earlier announced plans to set up 50 budget hotels, under Read More...
Posted Sunday, October 21, 2007 4:07 PM by MyBangaloreProperty Services | 1 Comments
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