NGT appoints Commission to monitor and submit reports on the status of the lakes


The National Green Tribunal(NGT) on Wednesday slammed the state government and Mr.Nagaraj, SE, BDA for misleading information regarding the fire in the lake few days ago and also for not submitting a proper report in the matter of Bellandur lake’s fire issues. NGT was not convinced by the reports and the actions of the state and directed the Government to appoint a commission to inspect all the lakes and take appropriate action to prevent future fires.

The NGT went through the report of the state on the removal of macrophytes and cleaning three lakes — Bellandur, Agara and Varthur – and observed that the report was bereft of any material information and compliance with the tribunal’s direction.

The NGT has appointed a commission, which includes senior advocate Raj Panjwani, a junior advocate nominated by Panjwani, an IISc professor, Commissioner of BBMP, senior scientist, CEO of KLCDA and member secretary of KSPCB.

The commission has been directed to inspect records of all fire incidents in the lake till April 10 this year, the size of the lakes 25 years ago and till today, the extent of the lake covered by macrophytes, rate of removal of macrophytes and hydrophytes, extent of sewage being dumped in lakes, extent of silt and other deposits and their depth, quantity of municipal solid waste being dumped in and around lakes, extent of availability of treatment plants around lakes, and to check records of the Occupancy Certificate of all the surrounding apartment complexes from the local civic body.

REPORT:

75% of the industries and residential complexes in and around bellandur, kasavanahally, iblur, agara, kaikondarahally, ambalipura, haralur and all other lakes do not have CC nor OC.  Most of the buildings have violated or deviated the sanctioned building plans and many have fake or bogus building plans.

During the course of scrutiny it is found that many of the so called A katha is not as per the law or the procedure.  Buyers must be very careful.

The Banks does not check the authenticity nor the legal aspects of how katha is issued and approve the loan, hence, a thorough check is a must before buying A katha property without CC and OC.  Even the buildings which have CC and OC must be thoroughly checked to find out the distance between the territory canal, secondary channel and raja kaluve and the lakes.

There are few residential complexes close to the lakes with CC and OC and the builders have done their diligent scrutiny and obtained the CC and OC, but due to the recent observation of the NGT, some, such complexes are said to be violative of the prevailing laws.  But, the builders have not done anything wrong in these cases.

 

PAY BBMP PROPERTY TAXES ONLINE WITHIN 30-04-2018 AND AVAIL 5% REBATE


As usual, the cash-starved BBMP has announced the collection of property taxes in Bangalore with a rebate of 5%, if paid within 30-04-2018.  The tax can be paid online and also at designated various banks.

THE EFFECT OF DEMONETISATION ON THE REGISTRATION OF PROPERTIES in BENGALURU-


THE STAMP DUTY COLLECTION ON THE REGISTRATION OF PROPERTIES WENT UP BY MORE THAN 30%.

THE NUMBER OF DOCUMENTS REGISTERED DID NOT GO UP BUT THE STAMP DUTY COLLECTION WENT UP BY 30%.  THE ILLEGAL BLACK MONEY NOW ACCOUNTED FOR.

THE ROLE OF BLACK MONEY IN OPERATION IS CLEARLY EVIDENT FROM THE RESULTS

The Property Market in Bengaluru has recovered from the demonetisation slump and going by the figures of the Stamps and Registration Department, which has overshot its revenue target of 6,000 crores for Bengaluru by mopping up around 6,200 crore, the department’s revenue collection target for 2017-18 is 9,000 crore, of which 8,820 crores has been recovered.

Demonetisation had impacted the realty market in the state hard. It showed up in last year’s revenue figures of the Stamps and Registration Department. There was a shortfall of Rs 1,350 crore and a majority of the deficit was from Bengaluru. The situation was worse than that of the 2008 economic slowdown collection figures — the collection stood at around `7,750 crore vis-a-vis the target of Rs 9,100 crore.

Bangalore`s contribution to the state exchequer in terms of stamp duty is 70% and the rest of the state only accounts for 30%.

The Stamps and Registration Department is among the top three list of revenue garners for the state treasury after Transport and Commercial Tax Departments.

Last year there was a shortfall of Rs.1, 350 crores from the expected revenue but this year with fewer documents the department has collected Rs.8, 800 crores and the target for Bengaluru was Rs.6,000 crores, but Bangalore collected Rs.6,200 crores.

 

SUPREME COURT OF INDIA HAS COME TO THE RESCUE OF THE PROPERTY BUYERS IN THE CASE OF UNITECH


The Supreme Court of India today asked the troubled real estate company Unitech Limited to furnish the details of unencumbered assets for auction purposes later to raise money to refund home-buyers.

A bench headed by Chief Justice Dipak Misra also imposed a cost of Rs 25 lakh on JM Financial Asset Reconstruction Company, which had taken over some loans advanced by HDFC Bank to Unitech Limited.

The bench, also comprising Justices A M Khanwilkar and D Y Chandrachud, said that the asset reconstruction company had given the impression that it would pay the money for a refund to home buyers and now the entire proceeding had been diverted.

“We treat it as an unnecessary diversion from the main case,” the bench said while imposing the cost.

The bench asked the real estate company to file the details of its unencumbered assets and made it clear that they would be auctioned to settle the deals of hassled home buyers.

The details of assets have to be filed within 15 days from today.

The firm had on March 5 told the apex court that Mumbai-based firm J M Financial Ltd was interested in financing their under-construction projects.

The apex court had on October 30 last year said that Unitech Ltd Managing Director Sanjay Chandra, currently in jail, would be granted bail only after the real estate group deposited money with its registry by December-end.

The top court had earlier directed the jail authorities to facilitate Chandra’s meeting with his company officials and lawyers so that he could arrange money to refund the home-buyers as well as for completing the ongoing housing projects.

Chandra is seeking interim bail from the apex court after the Delhi High Court on August 11 had rejected the plea in a criminal case lodged in 2015 by 158 home-buyers of Unitech projects’ — ‘Wild Flower Country’ and ‘Anthea Project’ — situated in Gurugram.