About BDA approved OC

Q: I liked Foyer city . Had a concern regarding OC . Ads say BDA approved OC but i over heard from conversation in marketing office that OC is not yet ready . We have to wait for STP then after 5-6 months they will get OC . And i think STP itself has been in building process for 2months.

Venkata Subbaraju, Apartment Resident, Bangalore

16th December 2014

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Replies (6)

Hi Bhargav Dev ,
Then whats OC for ? And while BBMP takes over do we need pay them for the A-Khata ?

Venkata Subbaraju, Apartment Resident, Bangalore

14th January 2015

Comment

"B" KHATA refers to the following types of Land/building: a) where the Layout plan is not approved by Town Planning Authority but approval is obtained from Gramathana/Panchayat, b) where the Conversion order has not been obtained from the Deputy Commissioner and c) The Land/site is not situated in the Residential Zone of the Development Plan. The Municipal Tax in respect such property is collected by BBMP and recorded in "B" Register maintained in the concerned Municipal Ward and the "Khata" or account in respect of the Land/building is referred to as "B" Khata.

Bhargav Dev, Bangalore

17th December 2014

Comment

By paying betterment charges you can convert B-Khata to A-Khata. But you will face lot of difficulties, few of them are as below.
1) You should have DC converted property
2) Tax must be paid till date
3) Betterment charges for the conversion property need to paid to BBMP.

Bhargav Dev, Bangalore

17th December 2014

Comment

B-Khata is not equivalent to A-Khata. So, B-Khata has its demerits such as resale value will be always on lower side in case of a B-Khata property and some banks won't accept B-Khata properties for loan purposes.
1) before purchase of any property contact a local lawyer,
2) obtain title clearance certificate that title is clear and marketable and free from encumbrances,
3) check whether building plans have been sanctioned by muncipal corporation,
4) ask for inspection of building commencement certificate.

Deep Singh, Bangalore

17th December 2014

Comment

BDA approved project, inside a layout; I got it checked with a different/outside lawyer and he seems to be happy with the documents. Almost all the leading banks and financial institutions such as HDFC Bank, Axis Bank, LIC Housing Finance, SBI etc. are funding this project.

Definitely opportunity to appreciate in future given the Greater Bangalore plan in place.

But don't forget it's a BDA approval project that means once when BBMP takes over, it becomes A-Khata.

Bhargav Dev, Bangalore

17th December 2014

Comment

Located in Electronic city near Chikka Togur Lake at Dodathoguru, Close to the Bangalore Elevated Tollway and NICE Ring Road. Foyer city offers you the best of both – a luxury home that is at the hub of all excitements and a sought after neighbourhood. It offers 2/3 BHK residential apartments. sizes of 2BHK are 963-1062 and 3BHK in 1341 sq-ft. Its current price is Rs. 3200/sq-ft. This is a ready possession project since April,2014.

Deep Singh, Bangalore

17th December 2014

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