BENGALURU: A consumer court has recently ruled against CanFin Homes Ltd, a housing finance company, for failing to return the property documents to a Bengaluru resident despite him having fully repaid his loan. The court has ordered the company to hand over all the documents and also compensate the borrower with over Rs 1.3 lakh. […]
Consumer Court Orders CanFin Homes to Pay Fine for Withholding Property Documentsmore
Bengaluru, July XX, 2024 – BHIVE Workspace, India’s leading provider of managed office spaces, is pleased to announce a significant expansion with the leasing of 42,000 square feet of premium Grade-A office space in Garudacharapalya, Mahadevapura. This marks our second collaboration with Brigade Group, following our purchase in Summit A on the 8th floor of […]
BHIVE Workspace expands its footprint in Brigade Metropolis, with a second strategic lease of 42,000 sq. ft.more
BENGALURU: The BBMP’s ‘One Time Settlement’ (OTS) initiative, aimed at recovering overdue taxes, has seen a lackluster response. With the July 31 deadline nearing, the civic body has collected just Rs 463.03 crore, leaving Rs 624.88 crore unpaid. BBMP officials have collected Rs 73.9 crore in the Bommanahalli zone, with Rs 82.77 crore outstanding. In […]
Bengaluru Civic Body Collects Just Rs 463 Crore Property Tax Through OTS.more
BENGALURU: The owners of more than 5 lakh khata-less homes in the city will soon get the chance to take advantage of Bruhat Bengaluru Mahanagara Palike’s (BBMP) one-time settlement (OTS) initiative and settle their property tax debts, avoiding fines and interest. The Lok Sabha elections caused a delay in the March OTS launch, according to […]
Bengaluru local government would allow Rs 5 lakh in khata-less houses to use the OTS tax provision.more
An Eco-luxury living project, Trifecta Vanto, is located in the prime area of Sarjapur Road in East Bengaluru Bengaluru, 24th May 2024: Trifecta Projects Private Limited, a renowned homegrown builder in Bengaluru, announces the launch of a new housing project, Trifecta Vanto. This one-of-its-kind project is located in the prime area of Sarjapur Road in […]
Trifecta Projects Private Limited launches a new housing project in Bengaluru.more BENGALURU: Bruhat Bengaluru Mahanagara Palike (BBMP) is having a lot of trouble getting property taxes from some of the most prominent establishments in the city, including hotels, malls, developers, educational institutions, and charity trusts. Approximately 3.63 lakh homes owed Rs 711.1 crore in taxes as of May 18. With 57,043 houses owing Rs 95 crore, […]
The Bengaluru civic government is owed Rs 711.1 crore in taxes by over 3.60 lakh properties.more
Sobha continues to exhibit a strong performance, driven by robust sales momentum and operational discipline Bangalore, 7 February 2024 Sobha Limited (SOBHA) announced its financial results for the quarter ending December 31, 2023 (Q3FY24). Reported strong results with impressive sales and operational growth across all regions. Brief highlights include: Achieved highest ever collection, realisation and […]
SOBHA_Quarterly-financial-results_Q3-2024more
BENGALURU: The BBMP chief commissioner cannot, the high court said, demand that 50% of the property tax that was allegedly under-assessed be paid in full upfront before issuing an order under Section 144 (15) (e) of the BBMP Act. This was mentioned by Justice S. Sunil Dutt Yadav in his interim ruling last Friday, which […]
The local authority of Bengaluru cannot demand upfront payment of the 50% tax differential: HCmore
BENGALURU: Starting on Sunday, the state government of Karnataka will formally increase the guideline value by 15–30%, which will lead to an increase in real estate prices. The minimum price at which a real estate transaction is formally registered is known as the guideline value. This number is significant because it affects how stamp duty […]
Property purchasers would feel the heat as the government of Karnataka increases the guideline value by 15 to 30%.more
BENGALURU: The high court has ordered a nationalized bank to repay Rs 30.7 crore to a winning bidder for a property after noting that the “as is where is” condition in a public auction doesn’t mean that the real estate in question does not have an absolute title. Justice M. Nagaprasanna granted M/s Paramount Constructions’ […]
HC orders a refund to the winning bidder after criticizing PNB for selling property without a clear title.more
