It has been noticed that Some are obtaining A katha from BBMP by misrepresenting the facts and submitting fake or bogus or manipulated or forged documents and either have constructed illegal or unauthorised apartments or formed layouts (DC Converted) and are selling it. Be Careful and conduct diligent enquiry before the purchase.
A katha does not confer any right, title and interest, even though, it is a secondary title document. Any approval, clearance, plan sanction, permission and NOC by mis representation of facts, fake or bogus documents, lies, forged documents and manipulated documents, all the APPROVALS, NOC,PERMISSIONS, LICENSES and APPROVALS obtained does STANDS AUTOMATICALLY CANCELLED AND THE AUTHORITIES OR THE CONCERNED OFFICES/OFFICERS HAVE PROSECUTING POWERS TO INITIATE APPROPRIATE PROCEEDINGS AGAINST SUCH OFFENCE.
Bangalore was the only city which had stable price in the realty sector over few years, inspite of weakening or soaring prices across the country and the heat is now on Bangalore too !!!
The inventory or the stock of unsold apartments is around 1,50,000 and many resale apartments (both legal and illegal) are doing rounds in the city`s real estate market.
There is large scale of duping, misrepresentation, lies about the projects and the touts, brokers, marketing agencies and internet websites and portals are projecting the wrong sales figures and prices.
There are internet touts, who form groups on the net about some developer project and praise the developer and their project to market it and there are some different type of internet users, who log on with different names and post favourable replies and reviews about the projects on the net.