Bangalore Plots

Bengaluru is one of the big Metro City in India. Huge opportunities if you invest your money in Bangalore surrounding Lands, Plots and Open Sites.

Land appreciation makes Bangalore rank 2

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One of the world’s biggest growing Global Consultancy firm known as the Knight Frank’s Prime Asia Development Land Index is liable to track the performance of various residential as well as commercial land values all across the top major cities. The analysis done shows that the land for residential development in Mumbai has seen a growing increase of nearly 35.2 percentage this has been an increasing figure over the last two years. Thus, marking the fact that the nation’s economy has seen a change in the financial capital in terms of developments and other norms interlinked with the increase in the prime residential values.


The similar index analysis for NCR and Bangalore shows a growing increase of 26.1 percentage and 24.9 percentage each. Still there has been a decline recorded with Mumbai’s index of development has marked a decline of 13.1 percentage due to the weak economic scenario. This weak situation has certainly impacted the office space preoccupation interlinked with a huge fund and supply of official space in the current period.

In the same situation the index for NCR and Bangalore enlightened a very mature and healthy growth of nearly 16.3 percentage and 12.9 percentage respectively for both these geographical locations.

The report also inked that the office space as well as the residential spaces for Bangalore were mere images of a growing and an increased prime property values. The very potential leasing market as well a steady growth in the employment sector has rendered to the majorly growing office needs mainly of the It and the ITES also including the Non- IT/Non- ITES segments as well.

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The Partial Approval On Regularization Of Plots In Bangalore

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A sigh of relief to those people who own plots the rule for land use conversion is now approved by the Deputy Commissioner. The Bruhat Banaglore Mahanagara Palike which is known as the (BBMP) is probable to officially make a declaration soon about the slabs for the advancement charges for these properties to receive a A Khatas. The Palike is likely to fix Rupees 350 per sq. m. as the advancement fees and also for lands which are measuring up to around 1,000 sq. m. and Rs. 300 per sq. m. for such lands which are spread over more than approximately 1,000 sq. m. of the entire area.

Mr. BS Sathyanarayana who is the Mayor of Bangalore discussed that the authorities had submitted the details of fees to the high court which was conducting the hearing for a related case. They have recently received a green signal from the court. The announcements about tit as a model code of conduct could not be made due to the LS elections were in full swing. Thus, there are expectations of this notification to be soon issued.

This new strategy will definitely help the land owners and also the property owners to convert their property for agricultural use. In the present scenario the B Khatas which doesn’t permits them to apply for bank loans, but by the payment of this so introduced betterment charges will definitely let them get converted to the A Khata and hence, it will help them to apply and raise loans on their property. It will also help the cash trapped BBMP to generate adequate revenue of nearly Rs. 200 Crore by the payment of the advancement charges.

Doing so; the owners of land will receive the choice to pay the remuneration in four installments which is quite at the favor of the land and property owners. Those owners who wish to pay through more than the four installments will have to pay 1.5percent as interest per month along with the installment money.

During the year 2011 the BBMP affixed the custodies according to the different slabs. This same instance was interrogated in the high court, this situation directed the BBMP to formulate a committee to adjust and fix a uniform fee. Then during the year 2014, the Palike secured and fixed a common fee and permitted it in front of the council and then later surrendered an affirmation in the court about the new fee to come in to force as directed according to the regulations.

In 2011, the BBMP had fixed the charges in different slabs. This was questioned in the Karnataka high court, which directed the BBMP to constitute a committee to fix a uniform fee. In January 2014, the Palike fixed uniform fees and approved it in the council and later submitted an affidavit in court about the new fees to act as per its directions.

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HSR Layout: The most preferred Site in Bangalore

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HSR Layout has been one of the most preferred destinations among the state owned housing properties. It has been ranked the most costly area in Bangalore in 2013.

The above talked fact has been derived from the reports of the yearlong BDA (Bangalore Development Authority) auction ended on December 31- January 1, 2014. The bygone auction in 2013 marked a massive transaction of about Rupees. 410 crore.

TGS Layouts - HSR Sites

As per the report a site in HSR goes up to as high as Rupees 17,000 per square foot. This massive hike of per square price in HSR area is due to the advantage of this area rendering better connectivity to the IT passageway.

A senior BDA official told Bangalore Mirror that the sector 3 of the HSR Layout has been the costliest site this year. The area serves better connectivity to the IT Corridors makes it one of the most sought after areas in Bangalore. A lot of IT crowd is moving towards these areas making it one of the preferred residential niches for the IT professionals. The highest price quoted in the previous year war nearly Rupees 1,90,800 per square meter.

The emerging areas like Koramanagla, East of NGEF, Banaswadi and Janabharati layouts are seeking preference besides HSR. As per the data out of 387 sites, all other remaining sites in HSR 3rd Sector were sold for the highest price and the costliest among them recorded in July was about Rupees 17,725 per square foot. The second costliest site sold was about Rupees 16,350 per square foot. These details are as per the auction of 2013 held on December 31.

The restriction on the auction process resulted in the low prices. This restriction was not only limited to those living in Bangalore but also those living in closer sites.

The E-auction change the entire game providing an edge of comfort as those sitting in any corner can actively participate in the auction process.

Nearly a three time price hike was recorded. Except for the alternative site no allotment was provided in the year 2013. The area HSR sector 3 enjoys monopolist preference being closer to the IT sector. The better connectivity advantage makes it an area with preferred choice and heavy acceptance of investments.

A confirmation from the finance department of the BDA makes it clearer that the site in HSR layout has been the grosser in the 2013. The department further retained from disclosing any details on this topic. B Ganganna a finance member concluded that the auction achieved a remarkable percentage of result in 2013.

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