Posts Tagged ‘Bangalore’
Friday, February 19th, 2010
State bank of India one of leading banks in India will organize a three-day ‘SBI Loan Utsav’. The SBI loan utsav 2010 starts on Friday 19,2010 on 4 pm at its local head office campus on St Mark’s Road.
While announcing that the bank will offer spot loans at an interest rate of 8 per cent, it said that customers can visit the stalls from 11 am to 7 pm on Saturday and Sunday. Over 40 top builders/developers of Bangalore and major auto dealers are participating. On Friday, it is open between 4 pm and 7 pm.
The builders will showcase more than 25,000 apartments in SBI loan utsav 2010. SBI is partnering with SBI Card, SBI Life and SBI Mutual Fund in organizing the Utsav. SBI loan utsav is organized at its local head office campus on St Mark’s Road in association with The Times of India.
Customers can visit the stalls on three days to choose from over 25,000 apartments. Major auto dealers will present the latest offerings from their stable.They can also select their favorite cars from a wide range available at the exposition.
Tags: apartments, Bangalore, Bangalore Property, car loan, home loan, Loan, SBI, SBI Home Loan, sbi loan utsav, sbi loan utsav 2010, spot loan, st marks road bangalore
Posted in Bangalore, News | 1 Comment »
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 »
Tuesday, February 9th, 2010
According to an estimate, nearly 2.5 lakh property owners have not paid their property tax for 2008-09 and 2009-10. Now, the civic authority plans to do a door-to-door survey to issue notices to the defaulting property owners and make them pay the dues.The demand notice will give them 15 days time to make the payments with two per cent penalty.
“Our officials have been visiting all these buildings and issuing notices to the occupants, irrespective of whether they are the owners or not,” said an official. BBMP expects to meet the shortfall of Rs 400 crore in the two months time.
Despite issue of notices,many of property owners has not paid property tax 2008-09 & 2009-10 under SAS.If the property tax for 2008-09 has been paid, property owners can avail the facility of online paying for year 2009-10 by using Visa/Mastercard on BBMP’s website.
The property owners without Occupancy Certificate can pay property tax under Self Assessment Scheme (SAS) with their title deed (sale deed).The property will be registered in BBMP’s B-Register until regularization of property.The property owners cannot file self assessment declaration once assessment order is issued. BBMP requests property owners co-operation during inspection and assessement by BBMP officials.
Last chance for defaulters
- For payment made after 30th November 2009, an interest of 2% per month will be levied.
- Property owners paid property tax for 2008-09 can avail the facility of online paying for the year 2009-10 by using Visa/Mastercard on BBMP’s website.
- The property owners without Occupancy Certificate can pay property tax under Self Assessment Scheme (SAS) with their title deed (sale deed).
- The demand notice will give property owners 15 days time to make the payments with two per cent penalty.
- Further action will be taken against them as per the provisions, if defaulters do not pay their dues even after receiving demand notices.
- Log on www.bbmp.gov.in or your nearest Help center for more details.
Tags: Apartment, Bangalore, Bangalore Property, bbmp, bbmp bangalore, citizen service center, Housing India, indian real estate, property, property tax, property tax 2008-09, property tax 2009-10, Real Estate India, regularization
Posted in News | No Comments »
Tuesday, February 9th, 2010
Rainwater Harvesting (RWH) appears to have opened a new window of employment to plumbers, who are in huge demand.There are approximately 60,000 houses which need to implement the system in Bangalore by May 2010, and 8,000 of them have already implemented it, according to BWSSB.
Each project can cost from Rs 4,000 to about Rs 40,000, which includes the material and labour cost. BWSSB is also trying to get the 12.5% VAT exempted from materials required for rainwater harvesting.The mandatory clause will be applicable for all new structures on a sital area measuring 1,200 sqft (30×40) and above, in the case of existing structures, it will be applicable for those built on a sital area of 2,400 sqft (40×60) and above.
When the order was issued, there were hardly any plumbers to do the skilled job, now there are around 400 plumbers trained by BWSSB, Karnataka State Council for Science and Technologies (KSCST) and IISc, and are available to implement the system wherever required. NGOs like Samvada are also training youth. “Around 10 youth trained by Samvada are busy meeting the demands of several calls. Their charges are site-specific and they specialize in rooftop rainwater harvesting for houses, hospitals, factories or any commercial establishments”-said program associate, Samvada, Satish K S.
The training process for rainwater harvesting will continue for the next three years. From April, another 500 will be trained and certified. Anyone can take up this training, and no formal qualification is required. As of now, BWSSB’s registered plumbers are being trained.
The Bangalore Water Supply and Sewerage Board (BWSSB) has proposed relaxation of Value Added Tax (VAT) for filters intended to motivate the public to opt for RWH before the May 27 deadline. To motivate plumbers to carry out Rain Water Harvesting (RWH), BWSSB has announced cash incentives if they attain specific targets.
Source: Times of India
Tags: Apartment, Apartment India, Bangalore, bbmp, bwssb, bwssb bangalore, Housing India, indian real estate, property, rainwater harvesting, rainwater harvesting for apartment, Real Estate India, RWH a new window of employment
Posted in Bangalore, News | 3 Comments »
Wednesday, February 3rd, 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. The water adalat of BWSSB, Central-1 sub-division, will be held on Wednesday from 9.30 a.m. to 11 a.m. at the office of the Assistant Executive at Chikkalalbagh.
Grievances of consumers coming under the jurisdiction of Chikkalalbagh, LLR and Bashyam Park service station limits will be heard. Call 22945187 or 22945188.
Tags: Bangalore, bangalore bwssb, BWSSB water adalat, water adalat
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Monday, January 25th, 2010
The Bangalore Water Supply and Sewerage Board (BWSSB) has proposed relaxation of Value Added Tax (VAT) for filters a key component used in the installation of the RWH structures. At present, nearly 12.5 per cent VAT is being charged on the cost of the filters.The filter, the most vital component in the RWH apparatus, is used to remove dust and other solid matter present in water.
Rooftop rainwater harvesting systems are now mandatory for new buildings in 18 of India’s 28 states. A rule requiring all new buildings in Bangalore to incorporate water harvesting systems will be extended to all cities in Karnataka state next year. Section 72A of the Act mandated that all new buildings of sital area of 1,200 square feet (30 x 40 site) and above and existing buildings having a sital area of 2,400 square feet (40 x 60) install RWH structures in their premises.The deadline for complying with the Act expires on May 27 this year.
BWSSB move is intended to motivate the public to opt for RWH before the May 27 deadline.There are three types of filters presently used in the different types of RWH methods: a pop-up filter, a rainy filter and a sand filter.The Rainy filter costs Rs 5,000 and the discount could bring down the price to Rs 4,400. The BWSSB is also calling for Expression of Interest from manufacturers of filters, said a source. To motivate plumbers to carry out Rain Water Harvesting (RWH), the Bangalore Water Supply and Sewerage Board (BWSSB) has announced cash incentives if they attain specific targets.
Reference:
Deccan Herald
bwssb proposes tax rebate rwh filter
Tags: Bangalore, bwssb bangalore, incentives for plumbers, rain water harvesting system, RWH deadline, Tax rebate on RWH filter, VAT on RWH filter
Posted in News | 1 Comment »
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 »
Wednesday, January 13th, 2010
Real estate major Sunil Mantri Group, has identified Bangalore as a strategic target for expansion with the launch of an integrated residential community project christened as Mantri Premero, in close proximity to major IT companies, the Electronic City, and ITPB. The total net worth of the project, would be Rs. 250 crore.
Speaking on the launch, Sunil Mantri, Chairman, Sunil Mantri Group commented, “Bangalore, being one of the most prominent landmarks on the world map, inspired us to develop good quality homes and spaces that are on par with world-class standards. Now, with Mantri Premero, Bangalore will have exclusive lifestyle homes with the blend of affordable amenities that integrate nature with every day dwelling”. Complete News here.
Tags: Bangalore, launch of new project, Mantri, Mantri Premero, New Project
Posted in Apartment Buying, Bangalore, Builder, Housing India, New Project, News | 2 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
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Monday, December 28th, 2009
In a move aimed at ensuring that every Indian family has an LPG connection, the Centre has amended the Gas Control Order under which a household can have only one LPG connection. The Liquefied Petroleum Gas (regulation of supply and distribution) Amendment order 2009 has banned multiple LPG connections in a single household. For instance, if a husband and wife have two connections in their names, then one has to be surrendered. This means two connections per family is not allowed. However, this rule does not apply to one connection having two cylinders.
On their part, Hindustan Petroleum, Indian Oil and Bharat Petroleum have evolved consumer data to detect multiple connections and stop supplies forthwith till they are surrendered. According to Bhushan Narang, president, Bangalore Petroleum Dealers’ Association, the primary objective of the new rule is to ensure that BPL (below poverty line) families are also supplied with LPG connections.
“There are many cases where domestic LPG connections are misused and commercialized too. The target is to make it kerosene-free country once all families have LPG connections.There are thousands waiting in each city for LPG connection. On the other hand, many households have more than one LPG line, blocking new connections,’’ official sources said.
- Supplies would resume only after multiple connections are surrendered THE RULE BOOK
- You have option of converting double LPG connection into double bottle connection (DBC), i.e., one connection having two cylinders.
- LPG connection will be issued only in the name of any adult member of the household by a government oil company under public distribution system
- Customers having more than one LPG connection in their homes must Surrender it before the supply stops.
Tags: amendment of Gas Control Order, Bangalore, lpg connection bangalore, only one LPG connection per household, surrender LPG connection
Posted in Bangalore | 5 Comments »
