Latest update on papers

[Groupbuyingblrproperties]

Hey Guys,

Sorry about the silent spell for a couple of days. Actually i had
given the papers to Amruth to get it verified from his lawyer. He did
ask his sources and they said its better to go for BMRDA or BDA
approved properties. I think right from the start we knew that this is
not approved from both these bodies and hence the price was lesser.

So with this in mind, is there anyone else who would like to take the
papers to their references to get them checked?

Please let me know at the earliest.

Anantha
97131381313

[Bandaru Aravinda Kumar]

Hi Anantha,

 

    I am serious about this site purchage. For my personal satisfaction, I would like to collect, a set of all papers from Builder or you, And show to a lawyer whom I know. I have training from Monday to Wednesday. I would like to collect during the Thursday or Friday. If builder is willing to provide, a set of papers to all people like me. Then that is also fine. People like me could collect a set of all papers from the builder itself.  My another thinking is that  if this layout fall into BMRDA juridiction them, the builder could try to get approval from them, right???.... It should be possible.....What others think?......

 

Regards,

Aravind

[Narendran]

Hi,

What will be the cost of conversion from DA to BDA. If future if
that happens, how much should we pay from our pocket. If such a
situation arises will the builder be there to help us. What will be
the level of involvement by the builder after the purchase. Please
enlighten me, I came late to the thread.

Thanks,
Narendran Babu

[Amrut]

Hi ,

As per my inquiry since this land falls under BDA jurisdiction,
Panchayat is not a competent authority
to approve.

Some points and my assumptions I would like to highlight based on my
digging, plz feel free
to correct me or get it verified by some other sources.

1> Its compulsory to allocate space for gardens roads etc for BDA
approval, (almost 40% of the land goes for such purpose)
but i see hardly any space left for such purpose in the layout.
Its very easy to get the approval from Panchayat by bribing. So
likely chances why builder has not gone for BDA approval.


2> In the document for non agricultural conversion of the land its
clearly mentioned if the layout is not approved by
BDA/BMRDA/BMICAPI, then the layout can be termed as illegal and
demolished.

3> In the same document its also mentioned that Deputy commissioner
office (issuing authority) is not responsible if the proposed land is
already under aquiry
proceedings by government. So this statement is very scary and
can be dangerous unless we have a BDA approval

4> This land is approved for non agricultural purposes on 6-6-2011 and
layout is approved by Panchayat on 24-6-2011.
(Atleast The documents are dated so)
If am right builder claims that some 8 to 10 sites have been
already sold. Even though not impossible but this makes me bit
suspicious.

IMHO we need to exercise lot of caution before proceeding and get the
BDA approval even for extra cost.

[Ravi Boyapati]

Hi All,

 

if BMRDA/BDA approval needed, the developer has to leave approximately 40% of the space.

that space builder has to hand it over to BDA for civic amenities development. Obviously small buildrs wont do it, and thats the reason, the layout be unauthorised and we wont get plan sanctions for constructions. this will be good only for investment. If someone has to legaly construct, he/she may has to wait till one more Akrama/Sakrama comes up. (this layout may not be applicable for the Akrama/Sakrama thats planned to come in this year)

Till that time the site owners will have B-khata only, they cant get A-khata. Most of the public sector banks wont fund those sort of sites.

 

But one can construct without plan sanction as well by bribing some amount and pay penalties later on.

 

Having said that, Anantha told initially only that this is not BDA/BMRDA approved.

 

Regards

Ravi

--
Best Regards
Ravi

[Groupbuying blrproperties]

Hey guys,

Sorry, i have been unwell and was on PTO on Friday. Arvind, i have the papers with me so you can collect it anytime today.

I see many questions on the legality of the layout so let me try to see if i can answer a few of them at least.

1. This land comes under BDA limits but is not approved by BDA. Its approved by Panchayat, now whether its legal and valid i am going to be checking with a laywer today evening and let you guys know. You can ask your lawyers too.
2. Since the approval is from Panchyat, the Khata we will get is a panchayat Khata and not a BBMP Khata. The builder says you can build a house even today without any issues as you need to get only a Panchhyat approval and you can get that because the Panchyat has already approved the layout.Hence the question of Akrama/ Sakrama is not applicable in this case.
3. BDA has given an NOC, i believe this goes directly to the DC office. Details about this can be found in the attachment and point no 5.
4. I do not think this land can ever be converted to BDA Layout as the norms are not per BDA.

Thanks,
Anantha

[Groupbuying blrproperties]

Sorry forgot to add the attachment.

[Ravi Boyapati]

just want to share lil bit of what i fee i know:).

Akrama/Sakrama may come once the property come under BBMP. today it may not be under BBMP, but some day it may come under.

Regards

Ravi

On Mon, Jul 11, 2011 at 11:59 AM, Groupbuying blrproperties <groupbuybl...@gmail.com> wrote:

--
Best Regards
Ravi

[Groupbuyingblrproperties]

No worries Ravi, we're all learning something new from each other :)
As long as we feel secure and worth it, even i would not put my money
let alone ask others to invest, so chill madi !

Anantha

> > On Sun, Jul 10, 2011 at 7:06 PM, Ravi Boyapati <rkboyap...@gmail.com>wrote:
>
> >> Hi All,
>
> >> if BMRDA/BDA approval needed, the developer has to leave approximately 40%
> >> of the space.
> >> that space builder has to hand it over to BDA for civic amenities
> >> development. Obviously small buildrs wont do it, and thats the reason, the
> >> layout be unauthorised and we wont get plan sanctions for constructions.
> >> this will be good only for investment. If someone has to legaly
> >> construct, he/she may has to wait till one more Akrama/Sakrama comes up.
> >> (this layout may not be applicable for the Akrama/Sakrama thats planned to
> >> come in this year)
> >> Till that time the site owners will have B-khata only, they cant get
> >> A-khata. Most of the public sector banks wont fund those sort of sites.
>
> >> But one can construct without plan sanction as well by bribing some amount
> >> and pay penalties later on.
>
> >> Having said that, Anantha told initially only that this is not BDA/BMRDA
> >> approved.
>
> >> Regards
> >> Ravi

[Groupbuying blrproperties]

Hey Everyone

I just check with BDA if the NOC was valid and if the layout is formed legally and they verified the papers and said the NOC is valid. I think now the only question is if all the papers like sale deed and mother deed etc is fine.

I think this is the best I can do, and would probably be giving the advance to the owner today. If anyone else is interested do let me know.

Thanks,
Anantha
9731381313.

[Rituraj Singh]

Hi Anantha,

This might sound silly, but given that NOC is ok, what did the BDA guy said. Will there be any future problem for BDA/BBMP approval or layout being declared illegal and stuff.

If all is ok, I would also like to go ahead.

Regards,
Rituraj

--
Rituraj Singh
Cisco Developement officer
Cisco Systems, India

[Groupbuying blrproperties]

Well, the NOC means that right now the BDA has no intentions of acquiring the land. There is no guarantee that BDA will not acquire any land for that matter. Since this land falls close to Ghatthalli and panchyat has given the approval its probably not going to be acquired but that's the assumption.

Anantha

[Kumar Anchal]

Hey Anantha,

Any further updates on this. I am getting a feeling that since most of the banks (atleast all I enquired) are not giving any loan for panchayat approved site, the no. of people originally interested must have dropped.

Whats the final price you guys have settled on and whats the no. of people going ahead with the purchase (without loan). 

I am asking this because my friend Abhay (who has been part of negotiation with builder and site visit) is keen to purchase even without loan but he wants to make sure if things are well in place. He is not from bangalore and wants to make ure his investment his secure.

Regards,

Kumar Anchal

[Groupbuying blrproperties]

Hey guys - I have gone ahead and am buying the property from the builder. He has hiked the price to 725rs, I can show you my agreement and nearly 10-15 sites are sold. Attached is the layout plan where the sites sold are ticked and the rest is available.

I am trying for a loan from my end, the DSA who promised me the load said he'll get back tomorrow. Interest rate is likely to be at 10.5%. If anyone else is interested, let me know and we can talk to the DSA for the loan approval.

Regards,
Anantha