Residential projects in Bangalore
All property tax defaulters who claimed their four-stored houses as two-storyed in the self assessment scheme will face problem now. The Palike is going to verify the tax paid by defaulters through random check. BBMP Commissioner has set a deadline of one more month for his officials to track property tax defaulter across the city [...] Continue Reading »
Now even the people living in the outskirts of Bangalore have to pay equal property tax. The BBMP council approved the reorganization of six tax zones for tax collection. After the state government approves the BBMP’s proposal, the process of re-classification will begin. People living in the outskirts of the city which falls in c, [...] Continue Reading »
Bruhat Bengaluru Mahanagara Palike (BBMP) is in dilemma over the implementation of its proposal to raise the property tax by 15%. In the BBMP council meeting, commissioner Siddaiah has proposed a hike in property tax, but the minister in charge, Ashoka has opposed the property tax hike proposal fearing the backlash of voters in the [...] Continue Reading »
According to sources, International Finance Corporation (IFC), the private sector investment arm of the World Bank Group which invests through various forms such as equity, quasi-equity and debt, is looking to invest up to $50 million in Tata Housing Development Company’s affordable housing arm Smart Value Homes Ltd. Smart Value Homes is going to use [...] Continue Reading »
Dream Suvarna is a luxury residential project by Dreamz Infra which is located at Koramangala. The project offers 2 and 3 BHK apartments with built up area ranging from 1200 sq. ft and 1500 sq. ft. The price of the apartments falls in the bracket of Rs 37 lakhs to Rs 54 lakhs. The project [...] Continue Reading »
Bhartiya International, a fashion apparel exporter has made its entry in the real estate sector by launching a Rs 1,400 crore project in Bangalore. The company plans to fund the project through a mix of internal accruals and debt. The promoters of the Delhi-based company have a land of 125 acres in Bangalore near Hebbal [...] Continue Reading »
In view of the huge difference in the tax amount due from them and the actual tax paid, the BBMP has taken up a drive to verify the property tax filed by the commercial properties in the city. Big players in the hospital industry have made an entry into the infamous list of property tax [...] Continue Reading »
Sonestaa Silver Oak is an eco-friendly residential project by Nirman Sonesta Developers located near Outer ring road. It enjoys close proximity to the high tech IT corridor featuring premium business parks like ITPL, Cessna Park and Ecospace. The project is expected to get completed by mid of 2014. The project offers 2 and 3bhk apartments [...] Continue Reading »
Puravankara Projects is planning to launch a luxury residential project in Rajajinagar. The project will have around 300 units of combination of both two and three BHK apartments spread over four lakh square feet. The size of the two BHK apartments are between 1,200 and 1,408 square feet and three bedroom apartments 1,600 to 1,792 [...] Continue Reading »
Embassy property developments, a Bangalore based real estate company, is in talks with JP Morgan, a financial service group, to raise Rs 500 crore for two projects in the city. Embassy Group is planning to come up with a premium villa project and an IT-cum-residential development on Bellary Road. Recently, Embassy group had settled India’s [...] Continue Reading »
