bangalore properties

In some Apartment Complexes, it is a practice to charge two different rates of Monthly Maintenance Charges (MMC). While the owners residing in the society are charged a certain basic rate, the owners of the tenanted apartments are charged an extra amount. This additional amount is referred to as Non Occupancy Charges (NOC) - not to be confused with No Objection Certificate. They are also interchangeably called as Tenancy Charges or Tenancy Differential.   This practice is usually the cause of acrimonious relations between the Management Association and the owners who have rented out their property. The situation remains controllable…

Difference between the topography of the land between Kasavanahalli and Kaikondrahalli lakes, in 2002 and 2016, as seen on Google Earth. The Southern Bench of National Green Tribunal has dismissed the petition of Namma Bengaluru Foundation (NBF) and Mahadevpura Parisara Samrakshane Mattu Abhivrudhi Samiti (MAPSAS) related to a residential project coming up between Kasavanahalli and Kaikondarahalli lakes. Stating that the case on the grounds that the developer has a valid Environmental Clearance, the NGT dismissed the petition and allowed the developer of Shriram Chirping Woods to continue with the project.In an order delivered on April 26th, NGT bench comprising Dr…

Residents of Whitefield who are tired of the poor infrastructure facilities in the area, will take to streets on Monday, November 30th, 2015. They have launched Save Whitefield campaign to protest against the government authorities’ apathy over improving infrastructure in the area and make it livable. A Facebook Page Save Whitefield says: “On 30th November, we all march out of our homes and workplaces to be part of a peaceful protest from 10 am to 1 pm, to bring the city, media and authorities’ attention to the civic and infrastructure woes of Whitefield and neighbouring areas in East Bangalore.” The…

The Stamps and Registration Department, as an annual exercise, is in the process of revising the guidance values of all commercial and residential units in Bangalore Urban, Rural and Ramanagara district. Latest update: Look upwards; pay more!How has the new guidance value affected the realty market in Bangalore? What is the new guidance value criteria for apartment? Click here to read. Last year, the Department received 19 lakh property registrations from April 1, 2012 to March 31, 2013, in all 47 sub registrar offices and realised an amount of Rs 5.265 crore. Of this, 17% of the applications were from…