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Rent House in Bangalore

Thursday, November 25th, 2010

Bangalore also known as Bengaluru is the capital of the Indian state of Karnataka. Bangalore is one of the most rapidly growing areas of India and Real estate in Bangalore is witnessing astounding success. As a result, builders and real estate developers are continuously exploring new areas and conceiving plans to improve residential scenario for the growing population. Rent House in Bangalore is flourishing at breathtaking pace and hence buy property for renting in Bangalore is a good investment.


Many consider real estate as an investment option and also due to the demand for residential property in the city. Property owners and prospective buyers are investing in second home or new property for earning money thorough rental business. Rent House in Bangalore is one of the most successful and easiest business where property owners can make money without taking any risk. The demand for Bangalore property is rising day by day and demand is high for residential properties in some of the popular areas in Bangalore like Koramangala, Indira Nagar, Sarjapur,Whitefiled,Bannargatta and BTM Layout.

There has been a rise in the property value of apartments in the most desirable neighborhoods in south eastern, eastern and northern Bangalore by more than 25% in the recent times. The demand for rental house in Bangalore continues to rise as there is rise in the employment opportunities in the city. Today, the real estate is considered as an ideal investment option. The supply of valuable accommodation and land to develop infrastructure is diminishing. This led to drastic rise in the rental and sale value for well located properties in the city in the recent times.

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7 days left for availing rebate on property tax

Friday, April 23rd, 2010

BBMP property tax for the new financial year 2010-11 has already begun from April 1st 2010. The property owners who want to avail a rebate of five percent on property tax need to file and pay property tax 2010-11 in full on or before April 30. Property owners can fill up the form online and make an online payment or download the form, print it, and submit it at the nearest ARO office on the same day.

There are two different forms to be filled up – Form IV (white form) - in case of no change in usage or built-up area from the previous year. If there is any change in relation to these clauses, then the property owner should fill up Form V (blue form). If tax payment has not been made for the previous two financial years, then property owners cannot file their property tax for current year until they pay previous year’s property tax. For filing property tax 2009-10 and 2010-11, property owners should have the application number for tax paid for the year 2008-09.

For owners making the payment in two half yearly installments, two separate forms have to be filled up for each period. The deadline for the first half yearly payment is May 30, 2010. Any details that are missing or have been entered wrongly can be corrected and updated by contacting the nearest ARO office. Any problems with regard to the payment or receipt generation can also be addressed to bbmpsas@bbmp.gov.in. You can also call the numbers – 22247627, 22133029. Online payment can be made using debit and credit cards. The Card payments can be made without any transaction charges.

  • BBMP Helpline – 22247627, 22133029
  • Address problem regarding property tax to bbmpsas@bbmp.gov.in
  • Last date for availing a rebate of five percent on property tax is April 30, 2010
  • Last date for the first half yearly payment is May 30
  • Property tax for current year cannot be filed until payment of previous year’s property tax
  • Online payment can be made using debit and credit cards.

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BBMP One may become a hotspot for citizens

Monday, December 14th, 2009

According to the Palike, the BBMP One centres may issue building plans for structures on 30’ x 40’ and 40’ x 60’ sites in the city. The proposal may also include approval of plans for structures on 50’ x 80’ sites. Palike officials state that the citizens who want building plans approved will be given a pre-determined set of norms that will include the setback and other technicalities involved.

The Palike may also go one step further and provide an option for the people to choose from a BBMP-approved list of more than a 100 architects to design their houses without violating building by-laws.“We will display the norms on the BBMP website for citizens to adhere and ensure that their architects build it within that constraint,” said a Palike official.

On the confusion that may arise because of the name being similar to Bangalore One, the BBMP official said: “We may also include the existing Palike help centres and remodel them in such a manner that it would be placed strategically in the City. There will be no overlapping of services as BBMP One will only concentrate on the core Palike services.”

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Hundreds Of Property Owners Hounded By BBMP Despite Having Paid Tax

Tuesday, November 17th, 2009

BBMP has sent nearly 2 lakh notices over the past 10 days. May 30, 2009, was the last date to pay the second half installment without penalty for 2008-09. Technically, the BBMP has powers to issue notices from September. However, the process was delayed till the compilation was complete.

In its drive to catch errant taxpayers for the previous block period (2008-09), the Palike has surprisingly been snaring a few regulars. This has shocked both residential and commercial property owners. Venkatesh, staying in an apartment on Sarjapur Road who promptly paid tax for both block periods within the rebate period, was shocked when he received the notice. It said the BBMP is yet to receive tax on his property for the previous year.

BBMP revenue officials, who confirmed the mistakes had indeed happened, said it could be in cases where people paid tax on the cut-off date or later.  “We admit it’s a mistake but you needn’t panic if you have the receipt. You must produce it and ignore the notice,’’ a BBMP official said.

According to BBMP records, only 7.63 lakh property owners of the overall 20 lakh properties in Bangalore have paid tax for 2008-09. This includes 2.6 lakh owners in core areas which have 6.9 lakh properties. A majority of residential property owners in the newly added areas are yet to enter the tax bracket for the previous block period. All this when the November 30 deadline for payment of second-half instalment for the current block period is not too far away.

Reference:

Times of India

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