BSNL, Central & State Govt. IT Employees & Retired Employees HBCS Ltd launched its new project Bsnl Credence on Nandi Hills Road. Bsnl Credence is a unique residential layout among all the House building co-operative society projects in Bangalore.
Luxury, Location, and Low-cost make these BSNL Plots the most desired and lovable project near the Bangalore International Airport

INR 799 / Square feet for First 50 Applicants only!!!!  Book Now!!!
Speak with Experts (M:+91 0000000000)

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Contact:+91 0000000000,  +91

Greater Greens BSNL layout  Devanahalli  Doddaballapur road

To speak with our Expert regarding BSNL Employees and Citizens House Building Co-Operative Society Ltd norms and regulations kindly fill up below details.

Why should You Invest in Greater Greens BSNL layout  Devanahalli  Doddaballapur road ?

1) All payment will be directly made in the name of Society and payment receipt issued by the secretary of society along with membership id.

2) Rate/Square feet the best one would get as per our Survey under installment schemes.

3) Location of this layout is excellent.

4) Proposed Information Technology Investment Region(ITIR) from Karnataka State Govt in 10,000 acres of land.KIADB ha acquired around 2800 acres near Devanahalli for this purpose. This Project is located around six km from our layout.

5) Airport Cargo Village started its operation in 2009 spread over 1000 acres.

6) A cumulative investment of around INR 115000 crore worth in around this region.

7) Employment opportunity for around 2 lakhs professionals.

8) There are SEZs along with Apparel Park nearby.

9) Confirmed plot allotment.

Frequently Asked Questions

1 Does this society follow National Green Tribunal norms and regulations for lake zone and storm water drains?
Yes. 75 meters for lakes. 50/35/25 depending upon the category of Rajakaluve.
2 When was Housing Society set up?
The housing society was set up in the year 2012. The registered number is JRB/RGN/24/41774/12/13.
3 Membership and Plot allotment is it legal for members outside the parent Department?
Yes. It is legal from the year 2009. Karnataka Government has issued
gazette notification on 3rd Nov 2009.
4 How many membership categories are there in Karnataka Co-operative House Building Act?
Four categories of membership. For parent company employees
Membership under the category of Regular Membership. For others
under the category of Associate Membership.
5 Do they have registered office in Bangalore?
Yes.
6 Is there any provision in Co-Operative Housing Society Act to transfer allotted plots to another Society/association?
Chapter 16 –E of Co-Operative Housing Society Act clearly says
membership can be transferred to a firm, a company or anybody/
corporate constituted under any law for the time being in force
including a society registered under the Karnataka Societies Registration Act, 1960.
7 Are there any additional charges to be paid?
Registration Charges extra and betterment charges as per BIAAPA norms at the time of registration. (app: 15-35/sqft).

 Amenities Greater Greens BSNL layout  Devanahalli  Doddaballapur road

Contact:+91 0000000000,  +91    By :Vidyadhar Naik.

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[metaslider id=1036]

Millions search every day on internet and through different mediums for Beach properties, Sea view Home, Sea facing Land, Vacation Homes, Farm House, Farm land, etc. Thousands  find what they are looking for. Hundreds buy Beach properties in India in a year. If you are one among them don’t you think you have made million dollar deal for INR 5.5 lakhs?

Do not wait before we close our bookings soon. Only 16 units available.

Project Name: Local Space View

Project  Location: Main Beach Gokarna, Karnataka

Google Co-ordinates: 14°33’05.0″N 74°18’38.3″E

Total Land area: 8000 square feet.

Number of Blocks: 4

Each Block Land Area: 2000 square feet

No of Units in Each Block: 4

No of Floors in each Block: 2 ( Ground + First)

No of units in each Floor: 2

Super Built up area of Each Unit: 360 square feet

Each Unit consists of

Living cum Bed Room: 16*12=192 square feet

Kitchen: 8*8=64 square feet

Attached Bathroom and Toilet: 8*5= 40 Square feet

Open Balcony: 8*8= 64 Square feet.

Area/unit:360 square feet.

Ground floor cost INR11.5 lakhs/unit

You pay INR 6.5  lakhs

Booking amount: 2lakhs

Balance amount would be adjusted towards rental income over a period of 5 years.

First floor cost INR12.5 lakhs/unit

You pay INR 7.5  lakhs

Booking amount: 3.5 lakhs.

Balance amount would be adjusted towards rental income over a period of 5 years.

Project completion: March 2016.

Call now: 00000000000

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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.

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.

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

By Vidyadhar Naik– LOCAL SPACE    M:00000000000

Also see

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

The post Income limit to buy Farm land in Karnataka appeared first on LOCAL SPACE.

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: 00000000000

The post Co-opertaive Housing Societies in Bangalore appeared first on LOCAL SPACE.

 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 :  00000000000.

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:0000000000

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Flats below 30 lakhs in Bangalore

Flats below 30 lakhs in Bangalore expected to be in more demand in the coming months in Bangalore. Bangalore is all set to see  increased  sale in housing from mid income group buyers in 2014. I list following factors for this expected good growth.

1Economic Environment:

CPI and Core Inflation value predicted to be under control. GDP likely to touch above 6 at the end of fourth quarter 2014-15 as per world Bank prediction. Over all it is going to be blend of transition and error correction year 2014-15 for India.

2 Housing Loan:

Housing Financial Institutions are getting equipped themselves with funds to support mid income group home buyers for housing loan. Recent arrangement of LIC HFL from overseas markets through external commercial borrowings (ECB) for $ 300  M  got approval from RBI is clear indication for this housing segment. Housing Financial Institutions are likely to target on flats below 30 lakhs in Bangalore

3 Infrastructure-Bangalore:

20-minute ride between the Kempegowda International Airport and the Hebbal flyover is on the verge of becoming a reality. First section of the six-lane measuring 3.7 kms elevated expressway along the Bellary Road and leading to the airport from Hebbal flyover to Kogilu Cross, after Yelahanka was made available to public on January 1st 2014. The two other sections of the expressway will be ready and thrown open to the public in 30 days. There are at least 20 major roads which are to be completed by April- May 2014. This will help buyers to look for houses in around theses area which are connected to major real estate corridors of the city. Road infrastructure development on the peripheral of NICE road has opened up new Real Estate corridor.

Metro Phase I to be fully ready by March 2015. Commercial operations between Peenya and Malleswaram would start at any day from now. Phase I span a length of 42.3 km and consist of 2 lines. M. G. Road to Byapanahalli in operation. Peenya to Nagasandra, Sampige Road to National College, National College to RV Road expected to be completed by DEC 2014.

The State government has decided to go ahead with the construction of a state-of-the-art peripheral ring road around Bangalore at a cost of Rs. 5,800 crore It would be a six-lane or an eight-lane road and the total length would be about 65 km.

State government trying its best and serious efforts to make infrastructure development of the city to fulfill its promises to Bangalore citizens and as well as keeping in mind coming MP Elections. These rapid developments would certainly reduce commuting time for Bangaloreans by 40% by the end of this year. Travelling time from dwelling places to work place or business place which is a major headache for Bangaloreans, likely to be solved in the next 12 months.

4 Civic agencies

BDA/BMRDA/BIAAPA/BMICAPA have put their norms and regulations in place. These agencies appear to be clearer about their responsibilities and their governing laws. This would create more confidence in buyers especially in mid income group who are looking for transparent buying process systems.CDP Plan of 2014 give clear picture about zoning areas and regulations. Metro Politian Committee expected to solve problems of Real estate community by making technical process and implementation corrections to obey  and implement High Court order in 3-4 months.

5  Real Estate Community:

Above and all entire Real estate community which includes Government Policy makers, Different Associations, Builders. Developers, Corporate real Estate houses, Property advisors and Consultants are evolving towards organized Real Estate sector.

I would like to conclude saying that Governments, Local Civic agencies, Housing financial institutions and organized real estate sector will provide a platform of fair and transparent deal for all buyers especially mid income group buyers in 2014. Let us also keep watch on inventory of unsold properties of the  year 2013-2014. Whether the sale comes from Information Technology professionals or investors for gain, but 2014 will be better one for  for flats below 30 lakhs in Bangalore

Following article may be useful to you:

http://bangalore-realestates.blogspot.in/2014/01/capital-gain-in-property-sale_11.html

Vidyadhar Naik-Property Consultant

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Despite of India’s poor inflation control in the years 2012 and 2013 and overall slow down in the global business sectors still Bangalore Real Estate Investment has lot of potential in India. Central Statics offices data clearly indicate bad inflation control which is official publisher of Government of India.

I list following factors to explain why Bangalore Right Place for Real Estate Investment in India.

1 NRI investment has increased significantly in buying new properties for self use who would plan to return to India. Reinvestment from NRI from the property sold to save tax on capital gain. NRI who have considerable assured regular local income are investing in new properties.This section belongs to Top level IT professionals who are outside India from the last 10-15 years. This may not hold good for other cities like Mumbai or Delhi.

2 Increasing price over a period of time has forced first time property buyers to go for it as early as possible. Fear factor of Price making salaried employees to purchase at the earliest.

3 There has been no decline in recruiting new employees either in IT or IT enabled services. Still Bangalore is the number one IT/ITES outsourcing destination in the global market place.

4 India is likely to witness the second highest demand for office space in 2014 among the top 30 cities in the Asia-Pacific region, according to a report by property consultancy Cushman & Wakefield, which says Bangalore is expected to be the biggest market in the country due to the expansion of IT, ITeS and multinational companies. This is clear indication of new employment opportunities.

5 Travelling time likely to cut down by 40% by 2015 to any part of Bangalore from CBD or Residential areas to work places/business places. This is due to Metro and completion of all roads like inner ring road, outer ring road ,Feeders to metro junctions and to NICE road.

6 Bangalore’s cosmopolitan culture blended with its own traditional culture gives space to everybody to live in harmony.

7 Whether you are from Northern or Southern part of India , all dreaming to have property investment in Bangalore.

You may like : http://bangalore-realestates.blogspot.in/2014/01/bangalore-cdp-challenging-one-for-bda.html

By Vidyadhar Naik-Property Consultant

The post Real Estate Investment appeared first on LOCAL SPACE.

Huge demand for residential plots in Bangalore along with flats and availability of the same improving a lot. The demand and supply tending towards equilibrium. Time since Government of Karnataka tried to make Urban development structured one, the demand for residential plots in Bangalore also increased . I would like to list how residential plots in Bangalore opportunity is being created and complications involved in the same. Which plot is right one to buy?

Following factors contribute for formation of new residential plots in Bangalore.

1 Increasing population.

The city’s population stands at 95,88,910 as of now, according to  Census 2011 data released here . One of the most attractive employment destinations in the country over the last decade or so, Bangalore’s population has grown by 46.68 per cent, between 2001 and 2011, up by nearly 12 percentage points over the growth rate of 35 per cent in the previous decade.

2 Bangalore is Information and Technology Hub of the country.

Bangalore including Mysore, Mangalore and Hubli contributes 40% of Total IT Exports. Around 3.5 lakhs IT professional are working in Bangalore. Average salary drawn by IT professional(4-8 years experience) is between 8 – 16 lakhs depending upon organization. Average productivity in Company like TCS is 47000US$/person. This is much higher in companies like IBM and Accenture due to their services in cutting edge technologies. Around 55-60% is spent on salary component. This gives clear picture of property buying index for IT professional is much higher compared to others.

3 BDA unable to form time bound new Residential plots in Bangalore quantitatively.

4 Extension of BMRDA jurisdiction paved way for private developers to form new  residential lay outs which are BMRDA approved.

5 Completion of Outer ring Road, Nice Road corridor, Metro and Completion of Kempegowda International Airport Road, Emerging Neo Bangalore near Hoskote, Fresh Tender Call for Bangalore-Bidadi Infrastructure corridor.

6 Formation of Andhra and Telangana would create huge investment opportunity towards north Bangalore and demand for residential plots which are DTCP approved.

7 Financial Institutional provide loan for buying these sites with certain terms and conditions.

Misguiding Factors for common buyer in purchasing residential plots in Bangalore

1 Common buyer can not do much on the following .

a)      Karnataka Town and Country Planning Act 1961

b)      Karnataka Land Reforms Act 1961

c)       Karnataka Revenue Land Act 1964

Loop holes of these laws give opportunity for  private developers to use intelligently in formation of residential layouts which are illegal by process and act. Such layouts carry only endorsements by concerned authorities.

Right Plot to buy

1 BDA approved

2 BMRDA/BIAAPA/BMICPA approved ( Only Released sites)

3 DTCP approved(Only Released sites)

4 NOC issued by local planning authority for formation of residential plots in Bangalore and also mentioning that there will not be any future acquisition of land by authorities.

5 If you are buying plots within BBMP jurisdiction I suggest to hire services of professional Lawyer who has expertise in property domain. BBMP limit sites include many revenue and Grama thana sites. Akrama and Sakrama applicable sites with buildings on it.

6 Karnataka housing Board developed sites/flats.

By Vidyadhar Naik-Property Consultant

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