Bangalore
It’s time to pay property tax! It is April and the time has come for all of us to pay property tax to namma BBMP. The property tax payment will have to be paid through the Self Assessment Scheme (SAS) and get 5 percent rebate. From April 1st BBMP has started collecting property tax for [...] Continue Reading »
Bangalore as a city has grown up pretty big, however the civic issues are never upto the mark. The residents belonging to various apartments in Bangalore have been facing the burnt of improper civic facilities. To check and keep track of recent civic issues, the Ejipura New Extension Residents’ Association (ENERA) and BTM constituency MLA [...] Continue Reading »
The Bangalore Development Authority (BDA) ordered to check the No objection certificate for the apartments during registration of properties in Bangalore. It is reported that there are thousands of apartments and sites are being constructed in unauthorized layouts. However the department of stamps and registration replied that, according to the registration rules of the state [...] Continue Reading »
Bangalore is called the silicon valley for the IT industry in India. The demand for office space is increasing rapidly in Bangalore. A demand for 3.6 million sq. ft. office space in recorded in the first quarter of 2012. According to a research agency, the demand for office space in the country has been reduced, [...] Continue Reading »
With the rising price for apartments, residents of Bangalore are opting to rent an apartment in Bangalore. The increasing demand for rental apartment results in rise of rental rate. It is observed that the cost of renting has been increased by 20% in the last 12 months. In Bangalore the apartments in Brookfield saw about [...] Continue Reading »
The real estate industry is already under tremendous pressure due to high interest rate, increasing input cost and overall low sale ratio. The new concern for the builders in metro cities are the acute shortage of labour. The real estate in Mumbai, Hyderabad, Chennai, Bangalore are hit hard by the shortage of labour. Analysts says [...] Continue Reading »
There is nothing new when we hear about instances of BBMP workers burning leaves and garbage on the street. A year ago, garbage was burnt in a public space near Bagur lake which had many residents furious. Despite all this, Bruhat Bangalore Mahanagara Palike (BBMP) has finally on the call and has taken an initiative [...] Continue Reading »
Bangalore and Chennai are the cities in South India to see upcoming residential developments.The mind-boggling rise in demand for properties in Bangalore and Chennai is mainly due to the enormous migration of IT professionals to the city. Property is the safest bet after gold as far as investment is concerned. The residential and commercial properties [...] Continue Reading »
Updated on 30-9-2014 Latest circular to Bruhat Bangalore Mahanagara Palike (BBMP’s) revenue officials asked them to start collecting betterment charges for regularising sites which came into existence through land conversions. It is estimated that these collection of betterment charges would levy additional Rs. 500 crore revenue for the Palike with the fixed betterment charges ranging [...] Continue Reading »
