Bangalore
The number of TDR (transferable development rights) certificates issued has seen a sharp increase and people’s attitude towards TDR especially in the suburbs of Bangalore is changing. TDR Bangalore benefit the funds starved BBMP because they obviate cash outflows. Under current rules, every unit of land surrendered entitles the landowner to develop 1.5 times that [...] Continue Reading »
Hosakerehalli Lake after years of neglect going to shed its wild and weedy looks to draw tourists. The Bangalore Development Authority (BDA) to conduct survey to maintain Hosakerehalli Lake and clear the encroachments. The forest department was ‘maintaining’ the lake spread across 59.25 acres. The lake used to irrigate the agricultural lands surrounding it. It [...] Continue Reading »
Since sellers don’t perceive a market for TDR Real estate,developers are able to buy TDRs at throwaway sums. Developers buy certificates issued in B or C zones (the secondary and peripheral parts of the city), and utilize them in projects in the centre of the city (part of the A zone) where land valuations are [...] Continue Reading »
The revenue department has proposed an amendment to the Indian Stamp Act, 1899 to capture the huge change in the Indian economy over the past century. The draft law will be taken up by the cabinet soon. The new stamp duty law worked out by the government says the benefit will lapse one year after [...] Continue Reading »
The residents of Tungabhadra block in National Games Village Bangalore, succeeded in converting 90 per cent of their garbage into a reusable resource in just one month. The Bangalore city generates over 3,600 tonnes of garbage each day. The stinking problem is a cause for great concern with no proper scientific management of waste. Public [...] Continue Reading »
Brigade Enterprises, which has a presence in residential, commercial and retail segment of the real estate industry, is planning to raise around Rs 400 crore debt during present financial year to fund its future business growth. “We will raise around Rs 300 crore-Rs 400 crore in the present financial year to fund our future business [...] Continue Reading »
CM B S Yeddyurappa on Thursday launched the e-payment service through which traders can pay their sales tax, VAT, CST and entry tax. The customer will no longer go through the hassle of using drafts and cheques for payment. Karnataka has become the first state in the country to introduce RBI’s e-payment system for commercial [...] Continue Reading »
Residents of Coffee Board Layout paid BBMP Garbage Cess but BBMP Bangalore not collected garbage for a month. Residents of Coffee Board Layout used to pay Rs 30 per house to contractor for collecting garbage from the area. Since BBMP started collecting Garbage Cess for this year, residents of Coffee Board Layout stopped paying the [...] Continue Reading »
Residents of Malleswaram have come together to form a body to address the various problems the locality faces. The Malleswaram Residents’ Welfare Association, now a registered association, was inaugurated here on Sunday. Sanskrit scholar and director of Bharatiya Vidya Bhavan Mathoor Krishnamurthy appreciated the intent behind the formation of the association. “We must serve the [...] Continue Reading »
The old system of BBMP property tax collection system which was in existence between 2003 and 2007 will be revived to facilitate easy and simple payment of property tax. The Bruhat Bangalore Mahanagara Palike (BBMP) has decided to revert to the old system of property tax collection in the next four months. As most of [...] Continue Reading »
