Karnataka
In 1985, BDA passed a notification to acquire survey number 75 in Nagawara for forming the HBR II Stage layout, and the related acquisition was done in 1988. Bangalore Development Authority (BDA) officials on Tuesday recovered four acres of prime land worth Rs 300 crore in Nagawara, North Bengaluru. A building and sheds were erected there illegally, said, officials. [...] Continue Reading »
BENGALURU: The high court has burned down as unconstitutional the allocation of houses/sites of the Karnataka Housing Board (KHB) under two sections of “persons in public life” engraved within the 10 percent discretionary quota. Beneath category A, 25 percent of the discretional quota sites were placed at the conclusion of KHB, to be administered to [...] Continue Reading »
From the beginning of November, a one-time password (OTP)-based verification will be compulsory for all property registrations in the state. This OTP-based property registrations is intended for restricting duplication and other irregularities during property registration. This move also comes in the wake of the Kaveri Software, which contains the property records database, being hacked. Karnataka has [...] Continue Reading »
Karnataka has made life a lot easier for investors by doing away with the need to get farmland converted for industrial use after a project is approved by the government. The agriculture land where an investor has proposed a project is deemed converted once it is cleared at the highest level, the Chief Secretary Kaushik [...] Continue Reading »
The country’s urbanisation is being kept in mind by the Southern states of India and the Union Territories. The urban population of India has increased by around 27.80 percent from the total population in 2001 to around 31.10 percent in the year 2011. The information was provided by Urban Development Minister, M Venkaiah Naidu during [...] Continue Reading »
For 2013-14, The Bangalore Circle of State Bank of India (SBI) has crossed Rs 14,800 crore in home loans depicting 20% growth in sanctions during the year. Against Rs 4,000 crore in the previous fiscal, for the year, the Bank has sanctioned Rs 4,800 crore in home loans. Ashwini Mehra, chief general manager, SBI alleged [...] Continue Reading »
The Credai-Karnataka opened its 9th chapter in Karwar, where currently around 50 projects are under way and with over 20 developers. Nagaraj Reddy, President, Credai-Karnataka says that opening of the chapter is affirmation by the real estate industry of their desire to set high standards. He adds that the materials for a building bear a [...] Continue Reading »
Nearly 90 big billboards are coming up across Bangalore, questioning ‘Can India can raise the bar?’ or ‘Will India fly high?’, among other questions. These campaigns ask voters to turn out in large numbers at polling booths on April 17, when Karnataka votes. Ms. Tanya Singh Khosla, city-based graphic and brand designer, starts this campaign [...] Continue Reading »
Nandi Economic Corridor Enterprise (NECE): The management of publicly-held BF Utilities during its AGM on Monday took into view the suggestions of its shareholders and said that it will appoint merchant bankers and consultants to look into the various options to restructure a subsidiary. It will consider various options to enhance shareholder value by restructuring [...] Continue Reading »
The HC of Karnataka guided the Bruhat Bangalore Mahanagara Palike to file a report on the steps taken to clear the huge backlog. While the hearing of petition by Malleswaram Residents’ Welfare Association on rampant violation of building byelaws in the City, a bench of D H Waghela and Justice B V Nagarathna directed the Palike to take proper steps [...] Continue Reading »
