Category Archives: Properties

Income limit to buy Farm land in Karnataka

FARM LAND IN KARNATAKA

Bill on the table to increase the income limit to buy farm land in Karnataka.

The State government on Monday March 2015 introduced an amendment bill in the Legislative Assembly, seeking to increase the income limit for purchasing farm land to Rs 25 lakhs from Rs 2 lakhs.

The State government on Monday March 2015 introduced an amendment bill in the Legislative Assembly, seeking to increase the income limit for purchasing farm land to Rs 25 lakhs from Rs 2 lakhs.

On amendments to the Karnataka Land Reforms Act, 1961, the Minister said the government was contemplating amendments to Section 79-A that bars persons having an annual non-agricultural income of above Rs. 2 lakh from buying agricultural land.

The Karnataka Land Reforms (Amendment) Bill, 2015, also proposes to empower Deputy Commissioners of districts to grant permission for purchasing a certain extent of land for educational, industrial, religious and housing projects. The Bill was piloted by Revenue Minister V Sreenivas Prasad.

Merits of Amendement
Enhancement in the limit should help both farmers and Government of Karnataka. Transactions  with false income and under value of land can be avoided.

It is a good move as Government can expect some revenue from this amendment.

By Vidyadhar Naik– LOCAL SPACE    M:09035611299

Also see

 http://bangalorerealestates.in/farm-house-and-farm-land-in-bangalore/

Co-opertaive Housing Societies in Bangalore

Good News expected for Co-operative Housing Societies in Bangalore

Recent statement from state co-operation minister H S Mahadeva Prasad

“Government is working out on a solution for execution and delivery of sites to housing society members.”

Government should consider following factors while doing any amendments in the existing co operative housing society act.
1 Change of usage of land should be done on a single window scheme by appointing a separate agency. This would cut down time spent in processing all documents among various departments.
2 Large parcel of land should be permitted for change of   usage of land
3 Percentage of Associate membership should be increased in order to facilitate outsiders with state domicile to buy plots from these housing societies.
4 Plot should be allotted and registered within one year from the date of payment of all installments. Otherwise interest should be paid on the total amount for delayed
period.
5 Developer should register all plots in the name of society. Last minute tussle between Developer and Society should be avoided.
6 Society should not charge additional amount on the basic land cost as mentioned to its members.
7 Society should publish its progress report on acquisition of land and development activities on periodic basis to its members.
8 Members Investment should be safeguarded in proportion of land acquired by the society.
9 There should be transparency on the percentage of money spent from the members installments made to society.Money collected should not be diverted to other projects of
the society.

State Government should mitigate on these problems, site seekers should get sites on time. Co-operative Housing Societies in Bangalore can be a model to other housing societies in the country?.

By Vidyadhar Naik- Local Space. M: 09035611299

 

Farm Land Hosur

Farm Land Hosur

It’s a pleasure to announce the Pre-Launch of our weekend home project, FARM VILLE.

It’s a unique 25 acre project which combines a lot of features to give you a complete weekend getaway. It is located at a place of serene settings where you can relax and recharge.

Farm House

The Project consists of :                                                                          

1) Sites measuring 3429 sq.ft to 10,000 sq.ft.

2) All Round Compound Walls

3) Entrance Arch

4)  Roads (40′ & 30′ Roads)

5) Electricity

6) Water (Overhead Tank)

7) Storm Water Drains

8) Solar Street Lights.

9) Club House

10) Fish Pond

Farm Land

 

 

Individual Site consists of :

1) Site Compound Walls

2) Weekend Villa

3) Swimming Pool

4) Sun Deck

5) Outside Dining Area with Pergola

6) Lawn

7) Plants & Tree Saplings

8) Site (measuring 3429 sq.ft to 10,000 sq.ft)

Farm Land

 

Pre-Lauch prizes starting from INR 15.4 Lakhs only

Farm Land

For Details contact M:09035611299

By Vidyadhar Naik.

Farm House and Farm Land in Bangalore Call: 09035611299

Farm land and Resorts in Bangalore
Vinayaka Green Valley View and Resorts

 Farm House and Farm Land in Bangalore

INR 650/Sqft.

Plot size:2178 sqft

Plot size: 5445 sqft

Booking amount 30% Total cost.

Bank loans from HDFC and ICICI

Local Space brings you finest and best Farm House and Farm Land in Bangalore  with club membership under the foothills of Shivaganga and Kengal Hills. Located 55 kms from Yeshwantpur Bangalore and 3kms from Dabaspet on Bangalore-Tumkur Highway road. Unique opportunity to own Farm Land and Resorts membership in Bangalore. Resorts in Bangalore are common. But owning a farm land in Resort is specially made for you.

Under the foot hills of natural and holy serenity Shivaganga and Rocking Kengal. The sparkling background of nature’s beauty and privately held gated community farm land plots with built to suit cottage option.

Book now and own your Farm House and Farm Land in Bangalore

Bookings open now.

For Details call :  09035611299.

The Mumbai-Bangalore Corridor is likely to have exponential growth in residential, commercial and industrial segments along Bangalore-Tumkur National Highway NH4.

Why one should invest in the Bangalore-Tumkur Corridor.

1   Elevated Express and Flyover connectivity from Bangalore to Tumkur.
2  Bangalore Mysore Infrastructure Corridor (BMIC)
3  Metro Rail Phase I and II
4  Proposed Peripheral Ring Road
5  Presence of Global corporations like such as ABB. Kennametal, Widia,     ITC,Volvo, BOC, Reliance Packing Industries,etc. apart from                   small scale industries manufacturing ancillary parts for PSUs, automobile industries, garment industries, etc
6  The 14,000-acre zone around Vasantanarasapura village, will incorporate the Smart City and a Japanese village under National Investment and Manufacturing Zone (NIMZ
  A tech hub nearly 42 times the size of Electronics City is coming up in Bangalore’s backyard, complete  with a Japanese village and road, rail, and port connectivity). About 35 per cent of the land is to be dedicated to the manufacturing sector only. A food park will come up over 100 acres, while a machine tools park will get 500 acres
7 The likely investment into the zone is Rs 50,000 crore under NIMZ.
8  Estimated 2.5 lakh jobs, direct and indirect once MIMZ project completed.
9  The shifting of the Peenya industrial belt to Dobbaspet is also going to help Dobbaspet and surrounding area picking up its industrial activity.

Also see

http://www.business-standard.com/article/economy-policy/mumbai-bangalore-corridor-metro-to-transform-tumkur-road-113061301105_1.html

http://www.bangaloremirror.com/bangalore/cover-story/Bigger-by-42-fold-Tumkurs-NIMZ-will-give-eCity-a-complex/articleshow/38333013.cms

 

By  Vidyadhar Naik  M:9035611299

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Bangalore Hosur Road

I Overview I  Features I Landmarks I Photos and Videos I
 Property ID-0022/2014/JD

Land Area: 04acres

Sale Type: JD for High Rise Apartments

Location: Bangalore-Hosur Road Bangalore Near Attebele Check Post

For Details Contact: M:9035611299  E mail:vmnonline@gmail.com

About Bangalore Hosur Road -Near Attebele check post
This is a very prime location on Bangalore- Hosur Road and is just 18 km from ITPL, 16 km from Outer Ring Road (Bellandur-Marathalli) and 16 km from Electronic city. All the basic facilities are available in this locality.Excellent locality with many international schools,Hospitals and Markets surrounding the area .

Locality Recommended For:

Single Professionals Retirees Family