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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 end up paying 15% to 18% less in property tax compared to what they paid in 2000.
How does this ...
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 taxes.There is a proposal of a 20 per cent hike in the property tax
in the draft rule with the ...
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 gimmicks.
There is no actual reduction on the real value of the flat. These ...
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. This marks Citigroup’s back-to-back deals in the domestic real estate space in the ...
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 adjacent to the main road was Rs 50,000 per acre till February 29. But from March 1, it has ...
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 18.
While standalone residential units have been spared from the increase, it is eight-fold ...
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 builders developed in and around Bangalore. The organisers also mentions ...
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 of values in the Bangalore Rural District covers Devanahalli, Doddaballapur, Hoskote and ...
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 has directed all zonal revenue officials to ensure that people were not put to hardship during ...
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 tax based on the
annual rental value under the Self-assessment Scheme (SAS) be ...
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 projects by the BDA were excluded from the acquisition raises suspicion of kick-backs, ...
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 the sites.Counsel for the BDA Sabrad said that the agency had adopted a resolution to this ...
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 Value (ARV) based assessment. However, those who have put up new structures, renovated or ...
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 System (CVS) of taxation coming into force for new and unassessed properties, the BBMP has ...
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 the name Peppermint, across the country by 2010. Each will have around 60-100 rooms with ...
ETA Star plans to launch new projects in Bangalore next year as it grows its presence in the Indian property market. Executive director Abid Junaid said the company will use a land bank of 300 acres on the outskirts of Bangalore for the planned mixed-use developments. ETA is also developing commercial and residential property on 70 acres of land ...
Tax rate for vacant sites will double; for individual residences it will rise marginally. The new system is applicable for all new and un-assessed properties with immediate effect.Unlike in other parts of State, CVS implementation was delayed in Bangalore.With the Bruhat Bangalore Mahanagara Palike (BBMP) all set to introduce the Capital ...
New properties and unassessed buildings will come under the new property tax regime — Capital Value System (CVS). However, existing tax-payers will continue under the old Self-Assessment Scheme (SAS). The BBMP has now opened up its second half-yearly tax collections — from October 1 to November-end.
The BBMP, dilly-dallying over CVS ...
Namma Mane- a 3 day Property exhibition organised by HDFC Bank was inaugurated today at Kanteerava Indoor Stadium. The Event will be there till Sunday( 7th October 2007), the entry is free and buyers can get to choose from about 150 projects exhibited by over 42 Big Developers from Bangalore. Namma Mane promises to be a Rich Exhibition as the ...
Sobha Developers Ltd has announced that the Company has entered in to a Joint Development Agreement with QVC Realty Pvt Ltd and Chintels India Ltd, to develop an integrated township spread over 192 Acres in Gurgaon, Haryana. This is an addition to the list of integrated township projects already launched by the Company in Kochi and Thrissur.
Invites you to Property Junction a 3 Day Mega Property Exhibition which
will be held in Koramangala Indoor Stadium, Bangalore South(which is near National Games Village) between 28th September till 30th September
2007. we will be participating with Best Chosen Properties so don't
miss this opportunity. Beside this ...
Twenty-four buildings stood bang on the raja kaluve of Nayandahalli Lake and were the main reason for flooding on the Mysore Road during the October 2005 downpour. While many areas in south, east and south-west were marooned, the Mysore-Bangalore highway was closed for two days.
On Thursday morning, armed with men and machinery, the district ...
A huge Rs 25,000-crore investment in the form of 11 integrated townships for IT, BT and ITES sectors is on its way in Bangalore.
In a major boost to IT and the real estate sector, the Karnataka government has given the green signal to 11 local, national and international developers to set up mega townships in the city.
The state high-level ...
BANGALORE: Four BBMP projects worth Rs 116 crore have been approved by the
Ministry of Urban Development on Friday. The projects are sanctioned under the
Jawaharlal Nehru National Urban Renewal Mission.
The projects are the
grade separators at Yeshwantpur, Gali Anjaneya Swamy Temple - Mysore Road,
underpass at Nagawara road junction and ...
Property Utsav, which was held at Kanteerva Indoor Stadium on last
week on 30th June and 1st July, proved that it was indeed the Biggest Property Exhibition Bangalore had ever witnessed, first I
gave a title 'Property Utsav a Big Hit' but then I changed it to 'Property
Utsav Bangalore, was a Crowd Puller!' since it is a hit ...
Invites you and your family to 'Property
Utsav' the biggest property exhibition Bangalore City
ever witnessed, which will be held on 30th June & 1st July 2007 in spacious
Kanteerava Indoor Stadium. You can meet us at Stall No.33 there and
discuss about our projects right their.
We will be participating ...
India, June 14, 2007 - India’s
first 24-hour premium TV Channel dedicated completely to real estate---is all
set to be launched next month. This was announced here by the channel’s
promoter, Mr Manoj Namburu, CMD of Alliance Group, a Rs.4400-crore enterprise.
He said though the channel was promoted by the Alliance ...
New 3 Units of 2 bedrooms@ Koramangala • 3,000 sq. ft., 6 bath, 6 bdrm 3-level split "3 Unit House" - MLS® #H002 Rs1,500,000 - 1.15 Crore 3 Units of 2BR
Koramangala, Bangalore - This is a Brand New 3 Unit house Built on a Corporation Site this House has Semi-Basement for 3 ...
The actor teams up with dad Feroze Khan to provide luxury homes for the country’s rich and famous.
They may not be creating magic at the box office right now, but actors Fardeen and Feroze Khan have something more exclusive up their sleeves. The father-son duo has forayed into the real estate business. Their first project – building ...
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 by the Insurance Regulatory and Development Authority (IRDA) would issue the title ...