The government plans to regularize all unauthorized layouts and housing sites developed before December 31, 2009 as against December 31, 2008. In the run-up to the BBMP polls, the government drastically slashed penalties from 20% to 8% for residential building and 25% to 20% for commercial buildings.
Continuing its efforts to fill its empty coffers and also with an eye on the upcoming BBMP polls, the state government on Wednesday indicated that the Akrama-Sakrama scheme will take a definite shape within a week.The cabinet sub-committee for regularisation of unauthorised constructions decided to issue a notification soon.
Initially, the revenue target was Rs 4,000 crore from this scheme.Now, with the extension of deadline it is likely to earn an additional Rs 1000 crore.The Akrama-Sakrama scheme was originally formulated during former chief minister H D Kumaraswamy’s regime but could not be implemented following strong opposition from people over high penalty rates.The then government had amended the Karnataka Town and Country Planning Act to introduce the regularisation as a one-time measure.
Links to refer
apartment-bangalore.com/bank-loans-for-sakrama-penalty
timesofindia.indiatimes.com/city/bangalore/New-Akrama-scheme-could-mop-up-Rs-1000-more
Tags: akrama, Akrama-Sakrama scheme, Apartment, Bangalore, bbmp, bbmp akrama sakrama scheme, karnataka government, property, regularization, regularize unauthorised layouts, sakrama
