Posts Tagged ‘Bangalore East’
Tuesday, February 23rd, 2010
Hike in power tariff may propotionally increase your water bills as BWSSB has written to government for hike in water tariff. In order to meet BWSSB’s increasing monthly expenditure on power charges,BWSSB has written to the government asking for a proportional hike in the water tariff.
In case the government approves BWSSB’s proposal, there might be a proportional hike in water tariff for both domestic and commercial consumers. “We are incurring almost a 11.5% increase in our monthly power charges, paying Rs 2.5 crore extra a month. In case the government approves our proposal, there might be a proportional hike in water tariff” said BWSSB chairperson P B Ramamurthy at a meet at FKCCI.
On Tuesday, there will be no water supply in the North and East parts of Bangalore.The crisis follows a sudden sludge in the motors and almost all the machines have stopped functioning since monday evening. The supply will be restored after Tuesday as the repair work is in progress.
Source: The Time of India
Tags: Bangalore, Bangalore East, bwssb bangalore, Hike in power tariff, hike in water tariff
Posted in News | No Comments »
Wednesday, February 17th, 2010
The BBMP is planning to restart collecting betterment charges, which was stopped five years ago. To bail out the BBMP from the financial crunch, the government planned to bring the Sakrama scheme, which was turned down by Governor Hansraj Bhardwaj. Now the BBMP has recommended the collection of development fees from those who live in illegal layouts and want development activities in their areas.
There are around five lakh properties in the City which are illegal and have not paid betterment charges. The BBMP started working on this idea a few months ago and formed a committee led by the Palike’s zonal commissioners, chief engineers, finance and revenue officials.
According to the Palike sources, the BBMP has proposed to charge Rs 1.2 lakh for a 2,400 square feet site, Rs 60,000 for a 1,200 square feet site and Rs 30,000 for the 600 square feet site.
Source: Deccan Herald
Tags: akrama sakrama bangalore, Bangalore, Bangalore East, bbmp, bbmp bangalore, bbmp property, betterment charges, illegal layouts, property
Posted in Bangalore, News | No Comments »
Thursday, January 21st, 2010
The Bangalore Water Supply And Sewerage Board (BWSSB) will conduct water adalats to redress public woes or any other disputes related to water supply and sanitation. BWSSB Water Adalat of West-2 sub-division will be held on Tuesday from 9.30 am to 11 am at the office of the Assistant Executive Engineer (AEE) at Kethamarana Halli. Water Adalat of Southeast-3 sub-division will also be held on Tuesday from 9.30 am to 11 am at the office of the assistant executive engineer at Koramangala.
Consumers of Rajajinagar 1st to 6th Block, Mahalakshmi Layout, Peenya Industrial Area, Subramanya Nagar, Milk Colony, Nandini Layout and Kethamaranahalli service station limits can attend the adalat at the office of the Assistant Executive Engineer (AEE) West-2 sub division at Kethamaranahalli.
Consumers of Koramangala and HSR Layout service station limits can attend the adalat at the office of the AEE at Koramangala.
For details contact:
- EE West: 22945171, AEE, West-2: 22945176.
- EE South-East: 22945196, AEE South East - 3 sub division: 22945243.
Reference:
Times of India
Deccan Herald
Tags: Bangalore East, bwssb bangalore, BWSSB water adalat, kethamarana halli bangalore, koramangala bangalore, water adalat
Posted in News | No Comments »
Monday, January 18th, 2010
with the Governor, H.R.Bhardwaj, suggesting a thorough discussion on the issue on the floor of the Legislature, the hopes and aspirations of a large number of Bangaloreans to utilize the Akrama-Sakrama scheme and thus legalize their dwelling unit continues to remain a distant dream.
The much-touted scheme of the ruling BJP aimed at pleasing Bangaloreans has thus hit a roadblock right away with the Opposition parties keen on a full-fledged discussion on the subject which is likely only in the budget session of the State Legislature in March. Sources in the two main Opposition parties in the two Houses of the Karnataka Legislature, the Congress and the Janata Dal (Secular), told The Hindu that they are happy with the decision of the Governor to refrain from promulgating an ordinance.
“In 2004, the Governor T N Chaturvedi returned the ordinance with this message and then the government took three years to rectify and following objections the law was passed. It was also challenged in the Karnataka High Court which had stayed it. So how do you expect me to bypass both the legislature and judiciary?” asked Governor, H.R.Bhardwaj.
“It is an important subject which involves the lives of several lakhs of people. There has to be a full-fledged discussion on the Karnataka Town Planning (amendment) Bill.”
The two main Opposition parties in the two Houses were not per se against the Akrama-Sakrama scheme but were keen on a detailed discussion. It should be ensured that the scheme is only for the benefit of the common people and not for safeguard the interests of the real estate developers or commercial builders who have indulged in gross violations of building bye-laws.
The number of unauthorized constructions in the State has swelled with every passing year and what was four lakh when the regularization scheme was first proposed in 2004 has now touched nearly 13 lakh of which 10 lakh is in Bangalore alone.
Given the nature of the reply given by the Governor to the proposal of the State Cabinet to promulgate an ordinance, the regularization scheme is expected to be implemented well after the elections to the council of the Bruhat Bangalore Mahanagara Palike scheduled to be gone through on February 21. People will, however, have a year’s time to apply for regularization from the date of commencement of the process, although the cut-off date for regularisation has been fixed — December 3, 2009 — the date on which the State Cabinet approved the scheme.
Link to Refer:
The Hindu
Tags: akrama, akrama sakrama bangalore, Akrama-Sakrama scheme, Apartment, Apartment India, Bangalore, Bangalore East, bbmp, bbmp akrama sakrama scheme, bbmp bangalore, indian real estate, property, Property Registration, Real Estate India, sakrama
Posted in Bangalore | No Comments »
Monday, January 4th, 2010
According to a Knight Frank report on affordable housing, affordable housing units are springing up in areas where there is a larger concentration of middle income end-user segment. Most builders in the city are concentrating on constructing one and two BHK apartments as affordable homes, with sizes varying from 500-900 sqft and cost varying from Rs 1200-2500 per sqft. The cost of an affordable unit would vary from Rs 15-30 lakh depending on the location.
With large land parcels on the outskirts of the city being cheaper, several developers have launched their affordable housing projects in the suburbs of Yelahanka, Doddaballapur, BTM Layout, Whitefield, Jigani, Sarjapur, and Kanakapura Road. Areas around Bellary Road leading to the airport have seen a spurt in the launch of residential units in the last one year alone with the road connectivity being a singular factor driving the demand here. Sarjapur Road continues to hold demand and the areas leading to Sarjapur Village and in the vicinity of the police station are seeing a spurt in an assortment of affordable housing units including compact villas.
According to the Knight Frank survey, the sentiments in the real estate industry are that although there is not much reduction in price, the absolute reduction in unit cost would be sufficient to drive affordable housing demand.Affordable housing projects are coming up along Doddaballapur Main Road, Hesaraghatta Road, Jakkur, Allasandra and Hennur ORR. Planned plotted layouts leading from Doddaballapur Main Road towards Nelamangala are finding takers in investors who prefer buying land to an apartment.BTM Layout, Kanakapura Road, Electronic City and Sarjapur ORR are where homes in the affordable range have been planned. Several affordable projects have been announced around Whitefield in Hoodi and Kadugodi.
Tags: affordable home, Apartment, Bangalore, Bangalore East, Buying, doddaballapur bangalore, Housing Developement, indian real estate, market trend, Real Estate India, sarjapur road, whitefield
Posted in News | No Comments »
Monday, December 21st, 2009
The home buyer is normally a person who wants to set up a family or one who looks around for investment options. With the tax exemptions allowed by the government for repayment of loans and interest paid on loans for purchase of house property/construction of houses, investment in property received a shot in the arm.
As for the one who wants to set up a family, his needs depend normally on the number of members in the family, price quoted for the house and available surplus for repayment of loan. Location and distance from work place, possibility of future expansion and the like come next.
In India, promotion of housing initially came from the government. For the middle and upper middle class, affordability is the key. The increase in income of people during the last 10-15 years due to higher industrial growth, proliferation of software firms etc enabled property buyers to go in for larger and luxurious houses. The global meltdown turned the table upside down and investment in house property has been hit badly. This has led to shift in demand from large or fairly large accommodation to lesser floor space. Another reason might have been the wait for locating accommodation in the city center area.
Improvement in transportation facilities, construction of ring road and peripheral ring road, metro rail etc also factored in. The development of townships in and around the peripheries of cities also shifted the demand from one location to the other. There was a time when small apartments went a begging in Yelahanka, Kengeri, Whitefield and Bannerghatta Road. After the economic slowdown, salaries took a downslide and people thought of various methods to beat the recession.
One major approach has been to go in for lower floor area houses. The city is becoming larger and people need to either move out from the central area or go in for smaller accommodation. In this background, the one-bedroom tenement is perhaps the solution.
Reference:
The Hindu
Tags: 1bhk, affordable home, Apartment, apartment buy-sell, Bangalore, Bangalore East, Buying, home buyers, Housing, indian real estate, market trend, property, property buying, property tax, Real Estate India, recession, Second homes, Tips
Posted in Bangalore, News | No Comments »
Monday, December 14th, 2009
An estimated seven lakh property owners in Bangalore are looking forward to regularization of unauthorized constructions as part of the Akrama-Sakrama scheme approved by the Cabinet on Thursday. However, their hopes of early notification of the scheme may be dashed as it entails amendment of the Town and Country Planning Act.
“Akrama-Sakrama provisions cannot be indefinite because it will encourage unauthorised constructions in future,” said the official.Senior officials of the Urban Development Department said the Legislature, scheduled to meet from December 14, was expected to debate the proposed amendments in the form of a Bill.”A notification can be issued only after the Bill approved by the Legislature is ratified by the Governor,” said an official.
The notification can also be delayed if the State Election Commission announces the calendar of events for the Bruhat Bangalore Mahanagara Palike (BBMP) elections. In such a case, the scheme can be implemented only after the elections.
Reference:
The Hindu
Tags: akrama, akrama sakrama bangalore, Akrama-Sakrama scheme, Bangalore, Bangalore East, bbmp akrama sakrama scheme, sakrama
Posted in News | 1 Comment »
Monday, November 30th, 2009
BBMP property tax kiosks had a busy day on Sunday, the last date for paying the second installment of property tax for 2009-10 without penalty. There was a huge rush at the Bruhat Bangalore Mahanagara Palike (BBMP) property tax collection centers. “Our online property tax collections have touched Rs18crore. The online collection on Sunday alone stood at Rs35 lakh,” a senior BBMP official said.
Devendrappa, assistant revenue officer at the Mayo Hall BBMP office, said, “About Rs75 lakh was collected at our office on Sunday alone. In the three wards of Neelasandra, Shantinagar and Richmond Town that come under our jurisdiction, there are 20,000 property holders and 75% of them have paid the property tax. “Notices are being issued to 6,000 defaulting property holders. The defaulters will now have to pay the property tax along with a 2% monthly penalty,” he said.
There was huge rush at the property tax collection centers on Sunday, raising the levy collection for the year to Rs500 crore.The online collection on Sunday alone stood at Rs35 lakh.The defaulters will now have to pay the property tax along with a 2% monthly penalty.
Reference:
bbmp property tax kiosks had a busy day
Tags: Apartment, Apartment India, Bangalore, Bangalore East, bbmp, bbmp bangalore, Housing, Housing India, indian real estate, market trend, online tax, property, property tax, property tax 2009-10, Real Estate India, Tax calendar
Posted in Bangalore, News | No Comments »
Tuesday, November 24th, 2009
The government attached properties worth several hundred crores, belonging to ViniVinc Group head Srinivas Shastry, on Monday. This includes 49 sites measuring 64,245.25 square feet near Yelahanka, and 39 acres in Hoskote taluk where a township is proposed. In a multi-crore scam, Shastry, through the company, had hoodwinked around 2,000 investors of nearly Rs 203 crore.
The follow-up action to get money out of the property was also quick. The deputy commissioner, Bangalore district, has appointed a liquidator, who has already fixed dates for public auction of the sites near Yelahanka. They will go under the hammer from Wednesday and the money will be distributed among investors.
Shastry was arrested by the Corps of Detectives (CoD) in Vishakapatnam in 2005, and the Supreme Court recently granted him a two month bail based on the assurance that he would return money to all depositors within the specified period.
Monday’s attachment of properties, under the Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004, is the biggest since Shastry was nabbed. “The reason for the attached properties being worth several hundred crores is that the 49 sites in Yelahanka and 39 acres in Ekarajapura in Hoskote are fully converted,” sources said. However, the exact price has not been estimated.
While other property had been attached earlier, a sessions court, on November 2, had taken serious objection to the Yelahanka and Hoskote properties being left out. The court had observed that the Act provided for an overriding effect in respect of properties held by fraudulent financial institutions falling under it purview.
Reference:
ViniVinc Shastry’s Yelahanka, Hoskote properties attached
Disclaimer: The article contains data collected from various sources and the use of same is at readers discretion.
Tags: Apartment, Bangalore, Bangalore East, hoskote, properties held by fraudulent financial institutions, property, property fraud, Real Estate India, Vinvinc group, Yelahanka
Posted in Bangalore, News | No Comments »
Tuesday, November 24th, 2009
Many developers in the city are looking at building— 1-BHK ranging between 500 sqft and 800 sqft with a price tag of around Rs 10 lakh to Rs 15 lakh. Electronic City, Whitefield, Marathahalli and Bannerghatta Road are the current hotspots for 1-BHK and studio apartments. Brigade Group, which just announced the launch of its value homes, says that 30% to 40% of the 10,000 units it’s expected to build would comprise 1-BHK units.
Bangalore city that rarely saw a 1-bedroom hall kitchen (BHK) apartment or a studio apartment could soon have a plethora of them. Most of the handful of 1-BHK apartments around are actually 2-BHK apartments converted into 1-BHK ones, sporting a large drawing room. Pricewise, these units command the same rates as a 2-BHK.
The trend of buyers wanting 1-BHK units and developers acceding to their wishes hinges on affordability. 1-BHK ranging between 500 sqft and 800 sqft with a price tag of around Rs 10 lakh to Rs 15 lakh. This could particularly benefit young professionals, newly-wed couples, and senior citizens.
Lease out as serviced apartment or rent out as studio apartment 1-BHK units will also help rental market. For a serviced apartment model, the per night tariff would be between Rs 2,500 to Rs 3,000, while on a monthly basis the rental could start from Rs 10,000.
Akruti Developers has launched a 150-unit fully-furnished studio apartment project in Whitefield. The units range between 650 sqft and 800 sqft in size and come fully loaded with AC, TV, and furniture including a coffee maker. According to Nikhil Jadhav, MD, Akruti Developers, “We are offering this product as an investment option to buyers whereby they can either lease them out as serviced apartments or give them on rent as studio apartments.”
Links to refer
bangalore shifts into 1 bhk homes
Tags: 1-bhk, Apartment, apartment buy-sell, Apartment India, apartment prices, Bangalore, Bangalore East, Buying, Housing India, indian real estate, market trend, one bhk, property, real estate, Real Estate India, trend in real estate
Posted in Apartment Buying | 1 Comment »
