Realty Housing

Sale in properties across Bangalore has dipped in last one month. File Pic. Before the new guidance value was announced, brokers across Bangalore seemed to be in hurry to close various property deals. June 2013 saw highest real estate transactions, says a recent report by the real estate services firm, Jones Lang LaSalle India. However, after the new guidance values came into effect, the realty market has slowed down, in an effort to achieve an equilibrium between market value and guidance value. Builders and realtors are not at all happy with the new guidance value system. They point that the…

The collapse of a five-storeyed building under construction in Someshwara Nagar behind NIMHANS, on 19 August, 2013, has raised several questions. Three people died in the incident, while eight workers were injured. As the Fire and Emergency Department is searching for bodies of the labourers who could have been buried under the debris, citizens are worried if the property they are investing in is safe or not. This is only a recent example. There have been six such incidents in Bangalore in last two months. The series of incidents, if not anything else, has forced the BBMP to undertake a…

It’s official. The higher you want to stay, the more you will have to pay. This concept has been officially introduced by the Stamps and Registration Department, in the new guidance values issued on 12 August, 2013. Though the concept wasn’t explicitly publicised, it has been in existence for a few years now. Those who wish to buy flats or apartments were being charged extra by builders, depending on the amenities and the floor on which they want to buy the space. The guidance values published in 2011 had a flat rate for all floors in any given apartments. Now…

Members of the Peoples’ Union for Civil Liberties (PUCL) voiced concerns about the term ‘encroachers’ being used to describe Ejipura evictees. To prove that they are not encroachers but original allottees, they shared documents of property rights of the evictees, at a press conference held on 9 July 2013. PUCL, in association with Housing and Land Rights Network, another international NGO focussing on housing for poor, also released a report titled ‘Governance by denial,’ which analyses the related events before and after the eviction. Ramadas Rao, a member of PUCL, said the allegations of MLA N A Haris that evictees…

Citizens of Koramangala, HSR Layout and Bellandur areas have come together under an umbrella group called South-East Bangalore Forum for Sustainable Development, to oppose the massive 72-acre IT SEZ project by Manipal ETA Infotech, near Agara Lake. 27 RWAs representing over 25,000 residents have joined hands and written to Traffic police, BBMP, BDA, BWSSB, Karnataka Udyog Mitra, KIADB, Lake Development Authority, and industry bodies like CII, CREDAI and Nasscom. Citizen Action Forum, a pan-Bangalore federation of over 70 RWAs, has also come forward to support the campaign. The ongoing construction at the area between Bellandur and Agara lakes Pic: Kedar…

Rajesh (name changed), one of the founder members of NGEF Housing Society, was in for a shock when he realised that he himself was not going to get a site in NGEF Layout, Mallathahalli. Rajesh had paid for a 40X60 site, but when he tried to get a khata, he was told that the site did not exist in the approved plan. It was instead part of the original land owner’s share. It was after a long legal battle that he was finally allotted a site. Many buyers are often not as lucky. Many have lost their money to House…

"Affordable homes with Smart Spaces and Community living" -- so goes oft seen copy in real estate advertisements and marketing brochures. Pic courtesy: Wikimedia Commons, Amol Gaitonde. First, let us clear the misconception that affordable homes are related to the lower income group. The word affordability has been misused by many in residential real estate market today. Affordability in its true sense means what is affordable for people living in that locality and it is very contextual. A two crore 2 BHK in Lavelle road is affordable for people who are living in Lavelle road and the same two crore…

Citizen Matters had earlier reported about a 72-acre SEZ-cum-township coming up in Agara village, near Koramangala 1st block. The project, named Manipal ETA Infotech, had got approval saying that BWSSB will meet its water needs. Citizen Matters had exposed that BWSSB’s NOC (No Objection Certificate) was only for a tiny area of the project, even though NOC is compulsory for the entire area. Also, the BWSSB said it did not even know about the project in its full size. The project site. Pic: Meera K. The project is a joint venture between Mantri Developers and Century Real Estate, with Century…

For Sukumaran Menon K, the outcome of a two-year-long protest against injustice is more trouble and misery. Sukumaran hails from a small town called Triprayar located in Trissur, Kerala. He came to Bangalore 49 years ago to join Bharat Earth Movers Limited (BEML). Now, seven years after his retirement, Menon is on the footpath asking for justice. He sits on fast on a stone bench on M G Road near the statue of Mahatma Gandhi from 8 am to 6 pm, holding his faded umbrella under the scorching sun. Menon's Samadhana Satyagraha started on March 21, 2011. No government official…

Ashok Niranjan is a software engineer at Accenture and a member of the Management Committee, in charge of water at Brigade Mayflower in JP Nagar. He is looking to adopt individual water metering. "We are just two of us (in our apartment) and out most of the day. We use less water but we end up paying as much as anybody else who is using lot more water than we do," says Niranjan.Niranjan realises the gravity of water consumption. After their initial successful rainwater harvesting project, he is committed to saving water.The 240-apartment Mayflower block gets a total water bill…