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The Cabinet Subcommittee for Regularisation of Unauthorised Constructions in the State, which met here on Tuesday, has recommended slashing of penalty rates applicable under the earlier Akrama-Sakrama Scheme by nearly 50 per cent. Minister for Transport R. Ashok, who is in-charge for Bangalore North and is also chairman of the subcommittee, said ...

The government has recalled two nominee directors, K Ramalingam and O P Vaish, from the board of Maytas Infra which was handed over to infrastructure major IL&FS on Monday. Two other government nominees, Ved Jain and Anil Agawaral, will, however, continue on the board of the company. "We have to keep two directors on board (of Maytas ...

The Devanahalli IT park is raining returns even before it's open. Farmers here are cashing in on their land and at least one will finally buy his long dreamt-of BMW car.The monetary compensation of Rs 62 lakh per acre, finally agreed upon at the recent meeting of the price fixation consultative committee on Wednesday, has brought relief to ...

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 ...

Developments in the recent weeks have required India to moderate the flow of funds into the country but the government has no intention of controlling capital flows, Finance Minister P Chidambaram has said. "Let me assure you we have no intention of imposing controls on capital inflows. Nor do we intend to keep out certain kinds of ...

The Government has cleared seven co-developers in Mukesh Ambani-promoted Navi Mumbai SEZs, thus endorsing fresh investment through private equity players by a key partner of the RIL Chairman. "The Board of Approval gave a green signal to the Navi Mumbai SEZ proposal subject to their producing data on net assets of the co-developers," ...

Whether you are planning to buy your first home or sell your existing home, contact us today!  We'd love to hear from you!The controversial Bangalore Mysore Infrastructure Corridor (BMIC) project is likely to move forward again.Chairman and Managing Director of Nandi Infrastructure Corridor Enterprise Ashok Kheny met Governor Rameshwar ...

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 ...

The Karnataka government has awarded the 9,187-acre Bidadi Knowledge City, which will be positioned as New Bangalore, to the country’s largest realty firm DLF Ltd.   This project is three times the size of DLF City, the realty firm’s flagship integrated township in Gurgaon.   The project will entail an investment of over Rs ...

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 ...

BANGALORE: The Joint Committee of Legislature on Land Encroachment in Bangalore City/Urban District headed by A.T. Ramaswamy on Thursday tabled its second interim report, which runs to 130 pages, in the Legislative Assembly detecting encroachment of about 30,000 acres of land belonging to different departments and statutory bodies in the ...

9,178 acres of land to be acquired in 10 villages. Committee to be set up to oversee rehabilitation activities. BANGALORE: Tipped to be a unique land acquisition package that promises to make the land losers a part of development process, the land compensation and rehabilitation and resettlement package for the displaced families of ...

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 government has come out with separate guidance value for special amenities that are offered by ...