Breaking News

Month: July 2019

Bengaluru: Property tax rebate may drop to 3% from 2020-21

Bengaluru: Property tax rebate may drop to 3% from 2020-21

July 11, 2019

The Bruhat Bengaluru MahanagaraPalike (BBMP) is contemplating reducing property tax rebate from the existing 5% to 3% from 2020-21. Currently, the rebate is available for those who pay tax within the first month of the financial year. This financial year, the tax rebate deadline expired on April 30. Sources said discussions are also being held […]

Read More
Bengaluru's north-south elevated

Bengaluru’s north-south elevated corridor will hit 1,100 properties: Activists

July 11, 2019

The detailed feasibility report of the proposed 22-km North-South elevated corridor, connecting Hebbal and Central Silk Board, puts on record that over 250 properties will be affected. However, an ongoing social impact assessment of the project undertaken by citizen activists has found the number is underestimated. On May 14, as part of the assessment’s third […]

Read More
RERA blamed for inaction

Karnataka: 37% projects miss deadline, RERA blamed for inaction

July 11, 2019

Hundreds of buyers are at sea after paying for their dream home: 37% of 2,581 projects registered under the Real Estate Regulatory Authority-Karnataka have failed to meet the completion deadline. The authority appears to be equally helpless as most of the defaulting builders haven’t bothered to report about the expiry date of their projects. Of […]

Read More
Online building plan approval

Online building plan approval system to be launched soon in Karnataka: UT Khader

July 11, 2019

Very soon, applying for change of land use (CLU), building and layout plans will be a mouse click away. The urban development department will launch LBPAS, an online building plan approval system, on June 11, Urban Development Minister UT Khader said. The minister told reporters here on June 4 that the system will be launched […]

Read More
Bengaluru among top ten destinations for cross-border investment across Asia Pacific

Bengaluru among top ten destinations for cross-border investment across Asia Pacific

July 11, 2019

The tech capital of India, Bengaluru is the first Indian city to feature in top-ten destinations for cross-border investors across Asia Pacific in 2019, as per a recent study. As per CBRE, stronger interest in India is attributed to the launch of first Indian REITs and the resulting enhanced market transparency. “Bengaluru featured as the […]

Read More
Housing sales in Bengaluru

Housing sales in Bengaluru zip 80% in Q1 2019 over 2017

July 11, 2019

The IT city has emerged as the most active residential property market in the country over the last two years, with overall housing sales rising by 80% in the first quarter of 2019 against the same period in 2017. Overall unsold stock has also declined by 44% during the same period — the maximum among […]

Read More
Dishaank app helps you check Karnataka land records

Dishaank app helps you check Karnataka land records

July 11, 2019

Anil, from Bengaluru, decided to purchase a flat worth Rs 25 lakh on the city’s outskirts. He wasn’t sure whether the land was legit. Following a friend’s tip, he downloaded Karnataka government’s Dishaank app that helps you find a property’s survey number and tells you whether the property is on a lakebed, forest land or […]

Read More
Bengaluru development body takes property tax, khata services online this year

Bengaluru development body takes property tax, khata services online this year

July 11, 2019

Bengaluru Development Authority (BDA) has gone digital. The city planning authority has from this financial year introduced online services, making e-payments of property tax mandatory and issuing soft copies of possession certificates and khatas. Owners of properties developed by BDA are required to register on the web, providing details such as cellphone numbers and property […]

Read More
Bengaluru builders must use treated water, say experts

Bengaluru builders must use treated water, say experts

July 11, 2019

With a water crisis looming and extraordinary measures such as a ban on construction activities in the city being mooted, BWSSB officials and experts say that it is high time the builders and house owners use treated water so that the river and underground water can beconserved. Bangalore Water Supply and Sewerage Board (BWSSB) says […]

Read More
NGT panel chief

NGT panel chief: Fine those not segregating waste up to Rs 1 lakh

July 11, 2019

Justice Subhash B Adi, who heads the NGT-mandated state-level panel to streamline solid waste management, has called for levying steep fines on people not segregating waste: Rs 25,000 for first-time offenders, Rs 50,000 for second and Rs 1 lakh for third-timers. Observing that plastic use has dipped in large entities like malls but is persisting […]

Read More