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Bangalore Property

Home Loan Fraud-Banks in Karnataka and Property buyers falls prey

Home Loan Fraud-Banks in Karnataka and Property buyers falls prey
The police are investigating the activities of fraudsters involved in a racket to cheat several banks and apartment buyers. Preliminary investigation revealed that the fraudsters sold the same property to multiple buyers, before registering it in the name of one of the gang members.The fraudsters have been accused of submitting multiple mortgage documents(fake ones) to [...] Continue Reading »

BBMP likely to hike Property tax by 15 per cent for the next Financial Year

BBMP likely to hike Property tax by 15 per cent for the next Financial Year
The tax, which is being collected through Self Assessment Scheme (SAS), will be hiked for 2011-12 as the three year block period will end this March. The Bruhat Bangalore Mahangara Palike (BBMP) property tax is likely to be hiked by at least 15 per cent for the next financial year. The Bruhat Bangalore Mahangara Palike [...] Continue Reading »

Bangalore Property tax deadline

Bangalore Property tax deadline
The Bruhat Bangalore Mahanagara Palike (BBMP) has set March 31, 2011 as the last date to pay BBMP property tax for the year 2010-11. With GIS-based property survey finally reaching completion, it will now have access to a complete property database with details of dimensions, directions and land use. Even the number of floors in [...] Continue Reading »

Builders and Land Bankers making a fortune out of TDR Scheme

Builders and Land Bankers making a fortune out of TDR Scheme
The TDR-based road widening project, which did not go down well with residential property owners, is turning out to be a lucrative business proposition for builders and land bankers.Owners who are sure of losing a large area, are open to selling their buildings. Builders, buying such properties, do the amalgamation of plots, surrender the land [...] Continue Reading »

BWSSB will soon announce a new deadline for installing Rainwater Harvesting

BWSSB will soon announce a new deadline for installing Rainwater Harvesting
The BWSSB will soon announce a new deadline to install rainwater harvesting (RWH) system. May 27,2010 was the deadline fixed to install RWH system for the property owners.However, the water board extended the deadline till the government notified a date. A decision is expected soon. More than 20,000 houses have already installed it, but it [...] Continue Reading »

Akrama-Sakrama Bill sent back

Akrama-Sakrama Bill sent back
Akrama-Sakrama scheme that is expected to give a clean chit to nearly four lakh properties in the state by way of regularization has been sent back for clarifications. This is the second time the bill is being sent back from the Governor’s office in the last two months. Bhardwaj is the third governor to have [...] Continue Reading »

Residents of Sachchidananda Nagar acts Lage Raho Munnabhai with BBMP

Residents of Sachchidananda Nagar acts Lage Raho Munnabhai with BBMP
Lage Raho Munna Bhai has had a strong cultural impact in India, popularizing Gandhism under Munna Bhai’s notion of “Gandhigiri”. Recently, hundreds of people under the aegis of the Sachchidananda Nagar Nyayapara Andolana Samithi flooded the Palike head office to present roses to Siddaiah, to urge the civic body chief to ensure that their long-standing [...] Continue Reading »

BBMP plans to ask BESCOM to share its database

BBMP plans to ask BESCOM to share its database
After two years of work, the BBMP is finally hopeful of completing its first GIS-based property database in another three months. The Palike plans to ask the electricity board to share its database of household meters to cross-verify property details recorded in its property tax database that is currently being updated on the Geo Information [...] Continue Reading »

BBMP is going tech savvy in building plan approval

BBMP is going tech savvy in building plan approval
BBMP is going tech savvy and introduce an automated building plan approval system. The Bruhat Bangalore Mahanagara Palike (BBMP) in its budget, has proposed to introduce an automated building plan approval system that would curtail the time in obtaining plan approvals. The proposal is expected to serve two purposes firstly – avoid delay and enable [...] Continue Reading »

Residents of Jayanagar launched signature campaign to revise property tax every five years

Residents of Jayanagar launched signature campaign to revise property tax every five years
The residents in Jayanagar have launched a signature campaign demanding the BBMP Bangalore to revise the property tax once in five years. Currently, the 2nd Block Residents’ Welfare Association is leading the campaign, but soon more and more residents’ groups are likely to take part in the days ahead. The protesters say that under the [...] Continue Reading »



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