Real estate lawyers in bangalore | laws | Advocates in bangalore
Advocate at HSR
Bangalore town has big by leaps and bounds within the last 2 3 decades particularly when the IT boom of the eighties.The real estate sector has conjointly unbroken pace with the expansion of town and the variety of properties have also big in lakhs. Town space has magnified to over 800sq kms from mere a hundred thirty sq kms 3 decades agone. so there are nearly 18-19 lakhs properties at this time within the town limits, out of that BBMP is obtaining tax from 15-16lakhs properties. With the increase in property costs several embezzled layouts have sprung up and therefore the frauds within the property dealings have also magnified. In several cases one property is oversubscribed to several innocent consumers who are knock at the doors of courts. Similarly, several money establishments and Banks are duped by the fraudsters by availing loans from many banks on one property with cast documents.
To manage the higher than issues and to create property transactions clear the Survey and Settlement and Land records Department of BBMP has launched a unique project,(UPOR)Urban Property possession Project underneath that the Property Register Cards (PRC) are going to be issued to the eligible property homeowners within the Bangalore town.As per Mr.V.Ponnuraj,Commissioner, of the aforesaid department, within the initial part the department can implement this project in 50wards out of the 198wards within the town and every one wards are going to be coated in 2-3 years time. He conjointly aforesaid the project are going to be enforced through private agencies which can be paid by the department and not through (PPP) private Public Partnership model. The once price per property card are going to be around R.300–400, which can be collected from the property homeowners at the time of issue of PRC’s.
Property Record Card:
The department can maintain in one property register all the main points of the individual properties in an exceedingly info of the fresh developed package for this purpose. It’ll contain details of the individual properties like possession, any liabilities on the property, survey details on a map like form, area, dimensions etc, and conjointly map of the neck of the woods. This can be created mandatory for all properties within the town. This can provide AN identity to the property and might be utilized in property transactions, for availing bank loans, to pay property taxes etc.
How Project are going to be implemented?
Before doing survey each landholder are going to be issued a notice and later the officers can demarcate the boundaries of the property. The officers can take some images of the property and can conjointly collect details of mode of acquisition on whether or not ancestral property, allotment by BDA, allotment from housing societies,Tax paid details, liabilities on the property etc., and these details are going to be keep within the info when cross checking with the records of the relevant government departments. For this purpose package is made and this can bring down the implementation amount to 2-3years from five -10 years if done manually.
Every property can have a file containing onerous and soft copies of the main points. Once the draft prc is prepared a similar are going to be issued to the property homeowners. a similar will be revealed in department web site, in town survey offices and revealed in leading Newspapers business for any objections from general public / property homeowners inside a amount of 30days.The officers are unconditional with similar judicial powers United Nations agency can verify the objections and just in case of minor objections a similar can be resolved by them. If there are any major objections, court litigations, a similar are going to be recorded within the property file. When finishing these formalities the ultimate PR card are going to be generated and issued to the property homeowners. At the time of issue of PR card homeowners photograph and hand biometry (all 10 fingers) are going to be taken. The prescribed charges are going to be collected at the time of issue of ultimate PR cards.
Benefits to the voters
The PR card are going to be the identity of the property. This can be employed by the property homeowners altogether property connected transactions, will simply avail bank loans because the burden on the property are going to be mirrored within the card, will use it for paying capital levy. The cardboard are going to be handy at the time of applying for modifications, building plans approval and alternative dealings with the Bruhat Bangalore Mahanagara Palike. The khata is merely AN account with the BBMP for assortment of taxes and isn't a property title, as everybody believes.Similarly, the Sale Deed is one among the documents of property that authenticates the Sale dealing and can not make sure possession, since the Sub- Registrar’s workplace won't verify genuineness of the property possession at the time of registration.Since,the PR card includes all the main points of the property like mode of acquisition, measurements, photos, survey report, neck of the woods map, any loans on property, etc., the PR card can make sure the possession of the property.The sale transactions takes place quicker since getting opinion work are going to be reduced and frauds will be avoided.The consumers will also get benefited since PR cards will contain additional details of the irregularities within the property like embezzled layouts, encroached properties, legal proceeding properties etc.
Benefits to the civic authorities
The civic authorities can have elaborate info of all the properties underneath its limits and might simply monitor civic and aggregation problems.The embezzled layouts, encroached properties, building arrange violations etc., is simply monitored and acceptable actions is taken against the violators as per law.Once all the properties area unit additional to the info of the package nonpayment is checked thereby increasing the revenue of the involved authorities.The authorities will give higher amenities to the residents and improve infrastructure, with increase in revenue collections.
The aim of the project is kind of applaudable and extremely helpful if effectively enforced as planned.The authorities should take foolproof measures to plug any loopholes at the time of implementation of the project.Further,the project needs to be enforced inside the timeframe mounted.
Advocate at HSR