In a latest judgement by the High Court of Karnataka quashing the acquisition of land for the formation of site by societies, it is clear and evident that ALL THE DILIGENT EXAMINATIONS REGARDING THE PROPERTY MUST BE CONDUCTED THOROUGHLY BY EXPERTS IN THE REAL ESTATE FIELD.
BDA/BBMP approvals are CONDITIONAL and all the NOC from KSPCB,BESCOM,BWSSB,AAI,BSNL,F&E Services and HAL are FITTED WITH innumerable conditions.
Bank approval of a project or sanction of bank loan does not confer any right, title and interest.
A recent trend noticed is that some financial institutions have violated, deliberately and circumvent the Delhi High Court Orders and RBI guidelines and are sanctioning home loans to the potential Home Buyers of B Katha properties and illegally built apartments and homes.
It is dangerous. Be Careful.
MANY BUILDERS THOUGH THAT THE NGT ORDERS ON THE LAKE BUFFER ZONE IS NOT RETROSPECTIVE AND SOLD THE PROPERTIES ARE IN FOR A SHOCK, AS THE NGT HAS DIRECTED THE BBMP TO APPEAR AND CLARIFY THE ISSUANCE OF CIRCULAR.
The worst ever monsoon failure and a severe drought has affected the water supply and the depletion of underground water table in and around bangalore will have serious potable water shortage and the civic bodies might not be able to supply the requisite quantity and have begun the rationing system.
The only source of water supply for the apartment complex is to buy from tankers and the prices have skyrocketed this year from Rs.300/- a tanker to Rs.1,500/-.
Some apartment complexes, which have swimming pools might be compelled to remain dry this season.
It is also said that this summer will be very harsh and the supply of water from cauvery river is just a trickle, will make things much worse. The Government is planning to pump the dead storage across the reservoirs to meet the scarcity.
The National Green Tribunal (NGT) has suo motu issued notices to all the agencies involved in the upkeep of the heavily polluted Bellandur lake following the most recent outbreak of fire. The matter is listed for Wednesday and NGT has asked for a plan of action from the agencies regarding controlling pollution in the lake, sources said.
The Bangalore Development Authority (custodian of the lake), the civic body (in-charge of storm water drains and alleged to have failed to check the dumping of waste into the lake), BWSSB for letting in untreated sewage into the lake, KSPCB and KLCDA in-charge of lakes in the city, have been served notices.
The BWSSB has relented and bowed to the pressures of the apartment owners and relented not to compel them to commission STP units for the buildings constructed upto January,2016, which has less than 20 apartments within the residential complex.
The amounts collected as fine or penalty might be refunded.
The BWSSB has stated in a press publication that STP units are mandatory only for the sites or plots measuring 21,500 Square Feet approximately and above, even for the existing residential complexes.
There is relief among the smaller housing complexes from thethe recent notification regarding the installation of STP units, but details are awaited.
Due to inclement weather and harsh summer, the underground water table across the state is depleting very fast and the water storage levels in the reservoirs supplying drinking water to Bangalore does not have enough storage and this might affect the regular water supply.
The apartments depending upon water tankers might have to pay up to Rs.2,000/- to Rs.2,500/- per tanker of raw water this summer. The best part of these apartments are that in one of the high end apartment, the residents demand that their SWIMMING POOL must be filled up with water at whatever may be the cost !!!!!!
There is acute shortage of electricity and the Government is unable to procure enough power and hence, there will be unscheduled power cuts throughout April and May, 2016.