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Old 23rd May 2014, 18:10   #1441
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Default Re: The Property / Real Estate Thread

@mods: Please start a separate real estate rentals thread ( brokerage free). It'll be of great help to all.
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Old 24th May 2014, 07:24   #1442
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Originally Posted by vikramvicky1984 View Post
@mods: Please start a separate real estate rentals thread ( brokerage free). It'll be of great help to all.
I don't see a reason why property rentals cannot be discussed in this very thread.
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Old 24th May 2014, 15:52   #1443
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Residents say BBMP blocking a storm water drain six months ago is the reason behind the problem

A villa here costs a minimum of Rs 8 crore. But when it rains for 30 minutes, it takes hours to drain and residents have to battle with cockroaches, mosquitoes and the occasional snake. The residents say the problem was created by the BBMP six months ago when it blocked a storm water drain that goes through Adarsh Palm Meadows.

The residents of this gated community were at a loss after just a half-hour's rain on Tuesday. The light showers clogged up the roads and pavements in front of their homes. What resulted was an onslaught of mosquitoes and flying cockroaches due to the stagnant water which took three hours to subside. The residents fear that come monsoon, this would become an everyday issue for them. They think that it might give rise to diseases like malaria, dengue and chikungunya.

Adarsh Palm Meadows on Varthur Main road next to the Ramagondanahalli bus stop has been a sought after gated community for expats for the last 15 years that it has been in existence. The complex, which houses a little over 2,000 residents has villas that range from Rs 8 crore and above. But for the last six months, the residents have been facing the problem of a certain section of the complex getting water logged. After a short half an hour spell of rain on Tuesday, phase one of the complex on Avenue 12 had more than ankle-deep water that reached up to the porticoes of the villas.

While vehicles got submerged and residents got locked inside their homes for three hours till the water subsided, it also became a breeding ground for mosquitoes and cockroaches. Madhavi Chari, housewife and a resident at Adarsh Palm Meadows said, "I live in phase one and on Tuesday evening, after the short rain, the water level rose to our doorstep. It just wouldn't go down and suddenly we had flying cockroaches all over our garden and front yard. We had to keep the doors and windows closed till the water went down."

The problem is not a new one, say the residents. Another resident on condition of anonymity said, "We had told the management about this problem nearly six months ago. We were told that the BBMP had blocked the storm water drain that connects to a lake behind our complex in phase one. This they did because they thought residents were emptying toilet water in the storm water drain. But that was definitely not the case. Now six months on, we are still battling the problem. In fact, on Wednesday morning, I took a photo of a viper that had entered into the premises of one of our neighbours."

RK Mishra, committee member, Palm Meadows Owners' Association, said, "The storm water drain does not exist now after the BBMP constructed a wall to stop the water from flowing into the lake. This they did when they came six months ago to beautify the lake. But it is just storm water and not toilet water. We don't see any harm in emptying the water into the lake. But we have petitioned the BBMP to take a look at the issue and they have promised that they will be sending an engineer to our complex on Thursday for inspection."

K Venkatesh, assistant executive engineer, Doddanekundi, BBMP, said, "Some residents had come to me on Wednesday with the problem. I still don't know the details. I will visit the spot on Thursday morning to inspect it and then discuss with the residents what to do next."
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Old 24th May 2014, 15:56   #1444
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Default Re: The Property / Real Estate Thread

With major residential projects coming up in West Bangalore, the region is all set to play a significant part in the real estate market, writes Prashanth G N.

The significance of West Bangalore in real estate has just risen by a few points with the commissioning of two major residential projects in Binnypet — Sobha Developers, earlier and Shapoorji Pallonji now. While this development cannot yet be termed as a trend, the two projects are a sign that developers are not averse to looking at property development in West Bangalore.

Traditionally, high property development occurs in south, east and north of Bangalore owing to the strong IT belt. Rajajinagar has no such corridor, having grown with traditional industries. Rajajinagar will now step outside its own shadow, courtesy the rise of luxury living in its heart.

Sobha is developing what it calls the Sobha Indraprastha and Sobha City at Binnypet, adjacent to Magadi Road and close to the City Railway Station and Rajajinagar Bhasyam Circle.

The project is a mix of residential and commercial complexes. The apartment blocks will be 37 floors high, one of the tallest projects in Bangalore. The Sobha City will also have a multiplex, hypermarket, restaurants, entertainment centre and food courts. Overall, it is a luxury offering in the heart of the city, close to both Central and West Bangalore. It covers an area of 9.37 acres, with 40 percent built-up area.

Big projects

Nearly 356 super luxury apartments and duplex penthouses are on offer. With the metro link just by the side on Magadi Road, connectivity is not an issue. Similar conditions prevail for the Shapoorji Pallonji residential project at Binnypet although the land space is far higher. The project is spread over 47 acres and will have 18 floors each. It is a luxury offering ranging from 2BHK to 3BHK and penthouses.

Old timers in Rajajinagar, Chamarajpet and Magadi Road are shocked by the huge scale of the project. Prasad R, a long-time resident of Rajajinagar and Vijayanagar, says he has seen the Binny Mills grounds from childhood. “I can only think of it as a vast playground, never expecting any building to come up. People have been playing cricket for years at the Binny Mills grounds. But things change and we will soon witness the transformation of a public playground into a luxury playfield.”

Deepak K R, an IT professional, has a different view. “I understand that a multiplex will be coming up here, apart from a supermarket and other retail stores. The multiplex will be a runaway hit, being built in a strong retail ambience.”

“Families now have only Mantri Mall to go to, but once the new project is ready, they will flock to it, because it’s very near for the residents of interior Rajajinagar. And wherever there are goodies offered, people will lap it up.”

Traditional or modern?

Ramesh B, a teacher who lives at Gandhi Bazaar, close to the project, says people of the area will have two options to choose from — Jayanagar or Rajajinagar.

Traditionally, people have been going to Jayanagar, but with a new hub coming with multiplexes and supermarkets, it would be a recipe for wholesome entertainment.The trickle-down effect these projects may have is development of land close to Basaveshwaranagar, KHB Colony and close to Sunkadakatte, which has now seen its major apartment project, close to the Ring Road.

The Binnypet projects are expected to spur developers into using the last tracts of land available behind Basaveshwaranagar for various retail and real estate projects. Presently, people from the area would head to Orion Mall, close to Iskcon and Yeshwantpur. There may be issues of overkill, but when residents get entertainment spaces that are easily accessible, they make a choice for the newer ones.

Modern spaces

In a sense, the Binnypet projects have indicated that West Bangalore is no longer only the sleepy, lazy, neighbourhood filled with communities.

Just as people move beyond Rajajinagar and Vijayanagar, they will see in a 100 acre setting, high towers jutting out into the sky, where no one imagined that one day a decrepit ground would change the way it has. And on top of that, luxury settings, not the middle-class salaried homes we usually encounter.

There are large parcels of land near a lake in Basaveshwaranagar. It has remained the way it is for almost 20 to 30 years. This isn’t the case with South and East Bangalore where major lakes like Chikkasandra are under threat from development.

The face of mainstream Rajajinagar and Magadi Road will see a transformation people wouldn’t expect. The question on everybody’s lips is how come flats costing Rs 88 lakh to 4 crore can come up in an area where slums abound.

Developers say there isn’t a choice in India, and that other metros too face similar issues.

It remains to be seen how the projects will be perceived by residents who are said to have already made a bid for both sets of properties.
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Old 24th May 2014, 16:13   #1445
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Default Re: The Property / Real Estate Thread

June 7, 2014 is the Extended last date to book Low Cost small apartments to be developed by BDA themselves at Bangalore City at several locations. Various PSU banks stock applications and facilitate bookings.

The advantages are: lots of Cash saved; all-white payment; no litigations; BDA titles; no "B" khata torments; no land shark harrassment; bye-laws observed ; builder does not vanish.

The disadvantages are: moderate fluctuating quality; not glamourous; delays in getting occupation certificate.

The media had earlier reported that bookings were sluggish for one-BHK apartments.
I am not having enough information about the drinking water availability , and whether Cauvery stage IV water reaches these homes. If yes, I recommend these homes for middle class customers.

Last edited by vinay kamath : 24th May 2014 at 16:15.
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Old 24th May 2014, 18:25   #1446
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Default Re: The Property / Real Estate Thread

Quote:
Originally Posted by vinay kamath View Post
Old timers in Rajajinagar, Chamarajpet and Magadi Road are shocked by the huge scale of the project.
Seriously !
The Binny Mills story is tragic. Now we have these projects coming up.

We have lived a long time in Rajajinagar & I travel that road regularly going to Rajajinagar. Once those projects complete, I plan to shift my route to the ring-road, even if it means a longer drive. That area is going to get badly congested. And I dont know what will happen to the bottleneck at Okalipuram which is choking point even now.
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Old 24th May 2014, 21:41   #1447
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MANTRI PINACLE HULIMAVU BANGALORE :

A private complaint has been filed before the Lokayukta special court against BBMP officials, including former commissioner Siddaiah and present commissioner Lakshminarayana, in connection with sanction of building plan for Mantri Pinnacle in Hulimavu.

The complainant, former councillor Lakshminarayana, alleged that BBMP turned a blind eye to the fact that the project comprises 133 dwellings in a single building. Counsel for the complainant, N Jagadeesha, told the court that the original owner of the property (Survey number 60/1) at Hulimavu village had executed a relinquishment deed in favour of BBMP. He said the entire extent of the property was 2 acres and 32 guntas.

The relinquishment deed was for 24.3 guntas free of cost and the BBMP built an 80-ft road. Later, the land owner sought Transferable Development Rights (TDR) but the BBMP rejected it stating that the owner had voluntarily consented to building the road.

“The BBMP gave a single property number despite it being divided in two parts. When DSK Southern Projects filed an application on behalf of the owner seeking sanction to build 105 houses in a residential complex, the BBMP sought various queries, but clarified in writing that there was nothing wrong with a single khata”, the complainant said.

Subsequently, DSK Southern Projects changed the project name to Mantri Dwellings Pvt Ltd. And, on behalf of the owner, Mantri obtained commencement certificate for the project of 105 houses from BBMP on January 28, 2012.

The sanction was for two basement floors, a ground floor, a 40-floor residential building and construction of a helipad between floors 41 and 46.

The complainant alleged that now 133, dwellings (56 3-BHK units, 74 4-BHK units and three 5-BHK units) have been built. He also alleged that the BBMP, while granting sanction, included its road and the entire 11,335.41 sqmts as part of the project.
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Old 24th May 2014, 21:44   #1448
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Default Re: The Property / Real Estate Thread

Property cards to be made mandatory at Mangalore .

It will be necessary to buy and sell properties within Mangalore City Corporation jurisdiction

The Commissioner, Survey Settlement and Land Records and head of Urban Property Ownership Records Project (UPORP), V. Ponnuraj said here on Monday that the government will make it mandatory to have property registration card to make property transactions within the jurisdiction of Mangalore City Corporation (MCC).

Addressing presspersons he said that the government has issued a notification making it mandatory to have such cards for property transactions in the jurisdictions of Shimoga and Mysore city corporations.

Mr. Ponnuraj said that the survey of all 1,40,085 properties in the jurisdiction of MCC had been completed. The necessary documents of 66,718 (about 55 per cent) properties have been collected now. Once 70 per cent of documents were collected the government would start issuing the property registration card. At the same time it would be made it mandatory to have the card for property transactions.

What is the card?

He said the card would be a seven-page mini booklet. It would be a “three in one document” of khata, sale deed and encumbrance certificate. The card would be issued to only litigation-free properties. No card would be issued to properties under dispute.

“A card is the mirror image of what is there on the ground (property),” he said, adding that it would have details regarding ownership, rights, a map and liabilities.

Each property would be given a ten digit unique identification numbers, he said.

Mr. Ponnuraj said that once a property was transacted (sold) a new card would be generated with details. To a question regarding issuing card to owners of flats in apartments he said that each flat owner would get separate card. In addition, the resident welfare associations of each apartment would be issued one card that is plot card having prominent details of the apartment as a whole including common area.

Link

Mr. Ponnuraj said that data of the UPORP would be linked to the Mangalore City Corporation office and ‘khata’ being issued by the corporation gets updated automatically whenever the transaction took place.

Fee

Mr. Ponnuraj said that property owners would have to pay a fee which ranged from a minimum of Rs. 400 to a maximum of Rs. 2,000 per card. The fee differed for residential properties and commercial properties. The fee would be charged on the basis of categories of properties, he said. He said that he was appealing to those property owners who have not submitted their documents to submit them to the project office in Mangalore (in taluk panchayat office premises) soon.

The government would start conducting “kandaya adalats” in all districts soon to correct all mistakes in RTCs (records of tenants and crops), according to V. Ponnuraj,

Commissioner, Surevy Settlement and Land Records. Addressing presspersons here on Monday he said that the Deputy Commissioners would decide the venue, dates and duration of the adalats. The adalats would be conducted as a drive, he said.

Kandaya adalats soon

The government would start conducting “kandaya adalats” in all districts soon to correct all mistakes in RTCs (records of tenants and crops), according to V. Ponnuraj,

Commissioner, Surevy Settlement and Land Records. Addressing presspersons here on Monday he said that the Deputy Commissioners would decide the venue, dates and duration of the adalats. The adalats would be conducted as a drive, he said.
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Old 24th May 2014, 21:48   #1449
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Default Re: The Property / Real Estate Thread

Scheme to regularise building bylaw violations in 3 months.

Karnataka government will implement a scheme to regularise building bylaw violations and land use in urban areas in the next three months, Urban Development Minister Vinay Kumar Sorake said today.

"The government has submitted the new draft of the Karnataka Town and Country Planning (Regulation of Unauthorised Development and Constructions) Rules 2013, to the High Court. Now the file is with (Chief Minister) Siddaramaiah," he told reporters here.

The Bengaluru Residents Association Confederation Ensemble (BRACE), comprising 750 resident welfare associations, had challenged the 'Akrama-Sakrama' scheme in the High Court in February this year.

Sorake said the scheme seeks to regularise upto 50 per cent violation of setback norms and permissible floor area ratio in residential buildings and up to 25 per cent in non-residential buildings.

"Any violation above this would attract demolition," he warned.

The Minister said lakhs of properties could be regularised under the scheme in various town panchayats, both municipal corporations and councils.

He, however, declined to reveal revenue generation through the scheme.

Sorake also said the government has fixed the cut off date to October 19, 2013 for unauthorised properties eligible for regularisation.

The minister said he had directed Mayors and Commissioners of all urban local bodies to chalk out plans of action for the coming year.

The scheme would offer relief to property owners in illegal layouts and owners of buildings with deviation in construction plans, Sorake said
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Old 25th May 2014, 02:25   #1450
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Quote:
Originally Posted by vinay kamath View Post
June 7, 2014 is the Extended last date to book Low Cost small apartments to be developed by BDA themselves at Bangalore City at several locations. Various PSU banks stock applications and facilitate bookings.

The advantages are: lots of Cash saved; all-white payment; no litigations; BDA titles; no "B" khata torments; no land shark harrassment; bye-laws observed ; builder does not vanish.

The disadvantages are: moderate fluctuating quality; not glamourous; delays in getting occupation certificate.

The media had earlier reported that bookings were sluggish for one-BHK apartments.
I am not having enough information about the drinking water availability , and whether Cauvery stage IV water reaches these homes. If yes, I recommend these homes for middle class customers.
Thanks mate,
I tried finding more info for application 1bhk but BDA site has only of last date.
Why am I even thinking of it coz their is a Mhada Mumbai lottery going on as well.
Also DDA Delhi lottery or cities in Punjab, if one gets a flat in it, is like winning a lottery.
only issue is resell only after 5 years.

Have been playing with Mhada but no luck so far.
Only for rental income.
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Old 25th May 2014, 07:13   #1451
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Default Re: The Property / Real Estate Thread

my post #1443
the link:
http://www.bangaloremirror.com/banga...w/35444572.cms

my post #1444
the link:
http://www.deccanherald.com/content/...h-keyword.html

my post #1445
the link :
http://www.bdabangalore.org/BDA%20Ti...7th%20June.pdf

my post #1447
the link:
http://www.newindianexpress.com/citi...cle2225624.ece

my post #1448
the link:
http://www.thehindu.com/news/cities/...cle5981332.ece

my post #1449
the link:
http://www.newindianexpress.com/stat...cle2238362.ece

thanks Ben
please do the needful
Attached Files
File Type: pdf BDA Time Extension 7th June.pdf (1.52 MB, 174 views)

Last edited by vinay kamath : 25th May 2014 at 07:22.
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Old 25th May 2014, 10:11   #1452
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Default Re: The Property / Real Estate Thread

Considering all the confusions around ,

COULD WE TEAM BHPIANS LIVE IN A FRESH CLEAN GREEN RESIDENTIAL LAYOUT AT BANGALORE - THAT IS SET UP BY THE MEMBERS, FOR THE MEMBERS, AND OF THE MEMBERS ? ; )

just a thought!
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Old 26th May 2014, 13:07   #1453
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Quote:
Originally Posted by vinay kamath View Post
Considering all the confusions around ,

COULD WE TEAM BHPIANS LIVE IN A FRESH CLEAN GREEN RESIDENTIAL LAYOUT AT BANGALORE - THAT IS SET UP BY THE MEMBERS, FOR THE MEMBERS, AND OF THE MEMBERS ? ; )

just a thought!
Hey Vinay,

By the time collect amount from interested members, we look for land, buy the land without any litigations, convert into residential land, making the layout and finally handing over the land to members.
In my opinion, this whole procedure may take upto 6 to 8 years.
Now, who has the patience to undergo all the above is really challenge.

Ramki
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Old 26th May 2014, 16:02   #1454
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Quote:
Originally Posted by vinay kamath View Post
Considering all the confusions around ,

COULD WE TEAM BHPIANS LIVE IN A FRESH CLEAN GREEN RESIDENTIAL LAYOUT AT BANGALORE - THAT IS SET UP BY THE MEMBERS, FOR THE MEMBERS, AND OF THE MEMBERS ? ; )

just a thought!
Quote:
Originally Posted by ramki067 View Post
Hey Vinay,

By the time collect amount from interested members, we look for land, buy the land without any litigations, convert into residential land, making the layout and finally handing over the land to members.
In my opinion, this whole procedure may take upto 6 to 8 years.
Now, who has the patience to undergo all the above is really challenge.

Ramki
Interesting.......BHP Palya anyone?
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Old 31st May 2014, 08:51   #1455
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Default Re: The Property / Real Estate Thread

my luxury apartment for rent at RMV 2 :
Purva Atria , # A-904, 9th floor, 56/2, 3rd main Ashwathnagar, Dollars colony, Bangalore 560094.
rent : minimum Rs 37,000 pm
please contact me @ 09833228278 asap
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