Articles by Mento Associates, Advocates & Legal Consultants – Bangalore
Archive for the ‘Property management’ Category.
1. Master Plan -2015 provides a uniform FAR of 2.50 irrespective of road width in the Central Business District of Bangalore.
2. In the Master Plan- 2015, 20% of the residential building is permissible for commercial use.
EMI= (L x I) x (1+I) ^N
———————
[(1+I) ^N]-1
Where L=loan amount
I= Interest rate per annum divided by 12
^= to the power of
N= loan period in months
The Governor of Karnataka has asked the state government to clear the legal hurdles before it seeks his approval for the Sakrama bill. The Sakrama scheme is already stayed by the Karnataka high court on 11-12-07 based on petitions filed by Jagadishnagara Residents Welfare Association and Kalynanagar’s Prakruti lay out Plot owners Association.
BWSSB has decided not to sanction new water connections to multistoryied residential and commercial apartments till 2011 end.This was announced by minister in charge of BWSSB, Katta subramanya Naidu on 20-07-10.
BBMP Plans to clean and fill vacant and uneven sites which are filled with obnoxious vegetation or filth causing nuisance and disturbance to neighbours.As per provisions of Karnataka Municipal Corporations Act, site owners are supposed keep their sites clean and tidy. In case they do not do the same, BBMP has the power to do the cleaning and then charge the said amount for the site owners.
As per press reports, BWSSB has issued notices to nearly one lakh building owners for not taking steps to harvest rain water.
The rural development ministry of the central government has come up with a Land Titling Bill which may revolutionize the property transactions in the country making them easier and safer. Accordingly property title will be conclusive and guaranteed by the government. Every immovable property will have a unique identification number. A Land Titling Authority will be formed which will enforce uniform procedures regarding titling. There will be a Registry of Title which will make entries regarding changes of the tile holder after a transaction. The overall scheme may help reduce litigations in courts and it will also make land acquisitions faster. There is going to be a 5 year deadline after which the transactions done beyond the purview of Titling Authority may be deemed invalid.