Karnataka budget 2014

Q: Can anyone provide me the latest information about the budget in Karnataka?

Omar Khureshi, Bangalore

17th February 2014

Real estate News in Bangalore

stamp duty

karnataka budget

new budget in karnataka

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Replies (5)

The state government had declared the budget. Will it be a good idea to invest in the real estate market now?

Pranab Malakar,

21st February 2014

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I think you can get the best deals in the realty sector. Investment in real estate is safe and is definitely going to give you good returns. The only think is that you should know where to buy, when to buy and most importantly, from whom to buy :) ;)

Jignesh Kumar, Bangalore

21st February 2014

What are the other infrastructural developments in the budget 2014-15?

Omar Khureshi, Bangalore

17th February 2014

Comment

The new budget sets aside Rs 26405 crore for the Metro-II phase and Rs 300 crore for road widening and development project.

For the development of lakes, footpaths, implementation of parking policy, and development of peripheral ring road-Rs 100 crore, Rs 100 crore, Rs 10 crore and Rs 5800 crore, respectively.

Gajendra V, Bangalore

17th February 2014

The new budget has stepped in with some good news for members of the builder’s community and home buyers alike , with the reduction of stamp duty on JDAs (joint development agreements) in construction projects. With the new budget coming into action, property owners will be able to get hold of ‘Khata’ from the concerned tehsildar. The integration of Bhoomi and Kaveri software for land registration and issuing of khata will make it possible.

Madhav Deb, Bangalore

17th February 2014

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I heard that a new policy to purchase land for residential sites in urban and rural areas will be implemented. Is that true?

Omar Khureshi, Bangalore

17th February 2014

Comment

Yes you are right. In respect to the new budget 2014-15, a new policy to purchase land for residential sites in urban and rural areas will be put into effect and stamp duty will be exempted for alternative sites by BDA. The new budget has affixed a revenue collection target for the Stamp and Registration Department and it stands at Rs 7450 crore against Rs 6500 crore in 2013-14.

Gajendra V, Bangalore

17th February 2014

The Karnataka state government recently introduced its annual budget 2014-15, sparing the ‘Aam Aadmi’ of additional tax onus. Paving the way for inclusive growth, the budget makes a pitch for various reliefs and schemes for minorities, farmers, SC and STs and gives special emphasis on healthcare, education, social welfare and agriculture. Not to mention, the budget gives a fillip to infrastructure growth in Bangalore and various areas of Karnataka.

Madhav Deb, Bangalore

17th February 2014

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