Q:
Hi I have booked a plot from a builder by paying token advance and and want to do the Sale Agreemenrt now ? How the Sale Agreement is writen ? Is it in Stamp paper ? And should we also register the Sale Agreement ? If it is not registered then it wont be considered during legal issues ? Please advise.
Latest Answer: Hi,
Sale Agreement will be prepared on Stamp paper. Registering the agreement is always safe if any legal issues raise in future. Generally All reputed builders will collect the amount from unit owner towards registering sale agreement. Regds, Dev Mob: 8861214913
Q:
Hi, I am planning to buy a plot from MRR Developers and project name is MRR New Horizon (in Mysore Road). Any one has any idea or feedback for this MRR developers and their projects ?
Latest Answer: MRR Horrizon offers 1200, 1500 and 2400 sqft plots and the present rate per sqft going on in this project is Rs 1099. The project has got approvals from BMICAPA and financial institutions like LIC Housing Finance and Axis
Latest Answer: Hello, Even I saw a building in 60x40 has 8 units, is it legal ?
I also went & enquired in BBMP office as per the norms they can give maximum 4 kitchens and in the 60x40 no basement is allowed. Leagally can build stilt (only for parking)+GF+FF+SF. Any suggestions to proceed further ?
Q:
Our apartment is in Uttarahalli area and it does not have the DC conversion. Is it possible for DC conversion of the entire building now ? Please advise.
Q:
I am interested in one layout near kengeri but it is village panchayat (gramatana) approved site. Is it okay to buy panchayat/gramatana approved site ? Any future problems? Please advice.
Latest Answer: It is not advisable to buy a property that has been approved by Gram Panchayat. I agree that the rate of the property is cheaper as when compared to the area coming within corporation limits, it can be creates a lot of legal problems, in future. It at all you are buying the property check all the documents with the help of legal expert.
Latest Answer: BDA should give approval for such DC converted land. It the layout odes not have BDA approvals then the layout will called as unauthorised layouts or illegal layouts. The original Gramathana sites are excluded since they will likely be regularized in the proposed Akrama-Sakrama scheme.
Q:
I am planning to buy a residential plot from MRR New Horizon. Any details or feedback about MRR developers and their new project MRR Horizon near Mysore Road, Kumbalagodu (K.Gollahalli) ?
Q:
I own a flat in Uttarahalli which does not have A-Khata and there is no DC conversion for my apartment. Not sure why the builder has not done the DC conversion before building the apartment. Can I do the DC conversion now for my flat ? OR is it falls under Akrama-Sakrama ? Please advise.
Latest Answer: DC Conversion is a legal mechanism, which is compulsory Under Section 95 of Karnataka Land Revenue Act that helps a property owners or an incumbent to make a formal application to the Deputy Commissioner of the District, asking for his permission for change of land utilization, from agricultural to nonagricultural (which may include Residential/Public Use/Commercial) purpose. The Jurisdictional revenue authority will acknowledge the application, depending on the rules and laws devised for this purpose, and subsequently, the order may be given.The Conversion fee/fine is imposed and an authorized, rather Official Memorandum (OM) is circulated to the applicant, guiding the applicant to ante up the same amount in the state treasury box. Only on the confirmation of payment of the amount, the Conversion Order will be issued by the Deputy Commissioner, however,the Conversion Oder will include certain terms and conditions. The owner/occupant must adhere to all the mentioned terms and conditions. The owner/occupant must adhere to all the mentioned terms and conditions of the conversion order in order to avoid the order becoming invalid or inoperational, without any kind of further notification to the owner.
Q:
What happens if the developer leaves the project/layout which he has supposed to complete in the middle (without completing the full layout) and after i purchased and registered my plot. Will it be a problem to my registered plot ? Who will take care of the project/layout as the develoer has left it in the middle. Thanks Sai
Latest Answer: I second Mohsin Basha. Before buying a property you can also check the penalty clauses. The better is to go for a completed project only.
Q:
I am pllanning to buy a plot from a just launched layout (near Kumbalagodu of mysore road) from a developer. Developer is saying this is BMICAPA approved. But how to make sure this just launched layout has been approved or sancationed by BMICAPA and there are no legal issues with this layout. Can we check the BMICAPA approval number in any registrar office or in BMICAPA website ? Please advice. Thanks Sai.
Latest Answer: I think you can check if the plot is approved by BMICAPA with the order number in their website. You can also take help from your legal expert to check whether the layout is approved by BMICAPA and BMRDA. The builder will also have the legal documents with him.
Q:
I am planning to buy plot near Kumbalgodu(chinnakurchi) of mysore road for investment purpose from MRR developers. Any idea or feedback about this MRR developers ?
Latest Answer: It is a very good idea if you are planning to buy property in Mysore road. As far as I know you can get good returns in future as it is an ideal location for families to settle down and also offers great connectivity to all parts of Bangalore. Residential apartments are quiet famous here, It is good for both long term investments as well as enduse purpose.
Q:
I am planning to buy a plot in Bangalore and my budget is 10 - 15 lakhs and this will be for investment purpose for long term. My prefered areas are kanakapura road, kengeri, kumbalagodu of mysore road. Please advice about these locations and approx price per SFT. Thanks Sai
Latest Answer: Kengeri area is developing slowly but gradually. Namma Metro corridor will be extended up to Kengeri Satellite Town from Nayandahalli on Mysore Road. The area is close to the Outer Ring Road and thus has good connectivity. The rate per sqft going on in Kengeri is Rs 3200. The area can be a ideal choice for long term investment. :) :D
Q:
Is it wise to buy resedential land near kumbalgodu of mysore road for investment purpose. Developer is quoting rs 950/- per SFT. Please advice. Thanks Sai.
