Archive for the ‘Uncategorized’ Category

Pay Property tax without interest

Friday, June 25th, 2010

Bringing relief to Bangalore’s property owners, BBMP had extended the last date for payment of property tax - in full and for the first half year - without interest to June 30. Any payment made after this period will attract a penalty of two percent per month till the payment is made.  Those who had not paid the first installment can pay it along with second installment. However, a penalty will be calculated at two percent per month, till the date of payment of the first installment.

The second block period begins in October. The last date to pay the second installment (without penalty) is November 29. Those who fail to pay the second installment will be charged a penalty at two percent from December 1 till the date of payment.

Property owners can pay the 2010-11 half-yearly tax without fine up to June 30. Tax may be paid at all the BangaloreOne centres and at BBMP help centres.

Extended Deadline:

  • June 30, 2010: Last Date for payment of property tax in full or for the first half year without interest.
  • November 29, 2010: Last Date for payment of property tax the second half year (without penalty)

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Demand for Residential Property Market will increase in this Festival Time

Monday, October 5th, 2009

As the festival season begins, analysts believe banks and developers will offer attractive schemes to attract home buyers. Activity in the residential property market has increased quite significantly during the last couple of months.Many banks are planning attractive home loan schemes to draw homebuyers during the coming festival season. Therefore, people looking at investing in property can make a serious attempt to get a good property and home loan deal.

As consumer confidence is increasing, the developers are launching many new projects. Analysts believe developers will offer some attractive schemes to attract homebuyers and book as many units as possible. Flexibility of the scheme during the home loan tenure is an aspect that borrowers should look for while selecting the lender. It is important to go through the various terms and conditions of the available schemes and offers carefully. Prospective borrowers should know the various fees/charges that come with the schemes.

Reference:

Home loan schemes attractive at festival time

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SBI Car loan and Home loan on the spot

Saturday, July 25th, 2009

State Bank of India will hold two days loan mela in Davangere. Loan mela will be held on Saturday and Sunday at Abhinava Renuka Mandira. The customer with relevant documents can get car loan on the spot and SBI will issue loan approval letter for loans under housing schemes. SBI will not charge any processing fee for loans in the loan mela.

During loan mela held last year, SBI had done a business totaling over Rs 7 crore and targets to achieve the business of Rs 15 crore this year. There was a special offer of car loan as well as housing loans. The customer for loan for housing will get loan approval letter at loan mela and application for car loan will be sanctioned on the spot.

SBI will accept PAN card, voter ID cards, driving license, and passport as identity proof. Proof of residence, Bank account details, Form 16, IT returns for past three years and salary certificate are essential for sanctioning your car loan or get a home loan sanctioned in the loan mela.

Reference:

SBI loan mela from today

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Solid Waste Management Unit Mandatory To Get Clearance For Apartments

Wednesday, June 24th, 2009

Karnataka State Pollution Control Board (KSPCB) made it mandatory for large apartments to have Solid Waste Management (SWM) units for getting clearance. KSPCB has forced to make it mandatory due to inefficient waste management of BBMP and BBMP’s empathy towards proper waste management.

Citing the example of Karnataka Golf Association, Bangalore Golf club and Bangalore club, KSPCB said on-site waste management plant will have equipments to manage waste. It is estimated solid waste management plants in Bangalore can handle solid waste of over 3400 tonnes per day but only around 1200 tonnes is reached to the plant, the rest is dumped improperly by roadside, tank beds and empty sites.

The Mandur plant, where the BBMP has leased 135 acres, has a capacity of 1,000 tonnes. However, it receives only 250-300 tonnes per day. The Mavalipura plant also has a 1,000-tonne capacity, but receives just 100 tonnes. However, the Doddaballapura plant, which has a 1,000-tonne capacity doesn’t receive even a single truckload of garbage.

A few builders or developers have already installed this on their premises and effectively managing solid waste generated from their apartments. The organic manure manufactured from unit is collected by farmers and nursery in and around the apartment. Some apartments grow vegetables in apartment using the organic manure from these units.

Solid waste management plant will lessen the burden of BBMP and helps to manage solid waste effectively in the city. KSPCB has made mandatory for large apartments to have their own solid waste management unit for getting clearance from pollution board.

Reference:
Waste Disposal Units A Must In Apartments

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Opportunities for Commercial Expansion in Bangalore

Tuesday, June 2nd, 2009

Availability of large space, proximity to social infrastructure, incentive from government, higher FAR (Floor Area Ratio), good connectivity to key city areas

East opens opportunity for commercial expansion after Bangalore south. The companies looking at setting up large establishment are attracting towards eastern belt from Marthahalli onwards. There are number of reasons for setting companies here. Some of the important reason and attraction of east are availability of large space, proximity to social infrastructure, incentive from government, higher FAR (Floor Area Ratio), good connectivity to key city areas and so on. Some industrial units are already present here, key industries influencing economic development in the city and suburbs are located here.

Increasing commercial grade witnessed especially by the Whitefield micromarket. In last four to five years a development to meet the demand from Industries such as IT/ ITES, R&D and other industries. Whitefield is key region for logistic industries. Presence of central warehousing corporation, state warehousing corporation and other private warehouses opens more opportunities for logistic industries. Improved social infrastructure and residential development holds good potential to industries in IT/ ITES, biotech industry, Research & Development (R&D) and other industries.

Eastern belt starting from Marthahalli offers good opportunity for investment. Capital values for Grade A and Grade B spaces in Whitefield were at Rs 2,700 per sqft and Rs 2,400 per sqft respectively. East opens more opportunities as expansion is possible with availability of large land parcel. Chennai railway line and provision of revised master plan is eagerly watched by major industries for best use its development. Hosur road and Whitefield road is an important passageway to develop into hi-tech zone.

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