Mysuru: A real estate entrepreneur has been illegally allotted 23 sites worth crores of rupees for just Rs. 3,000, though he did not own any land acquired to form layouts. The allotment was made through forged documents via a sale deed by former MUDA Commissioner G.T. Dinesh Kumar. This has been brought to light by…
Mysore/Mysuru: A couple from Telangana, who lured a couple from city into real estate business by promising them high profits, has allegedly cheated the couple to the tune of Rs. 1.25 crore. The city couple, who was cheated is 52-year-old Srinivas Hosamane and his wife 44-year-old Nagarathna Hosamane, residents of Bogadi in city while the…
The real estate sector is a vast and well-established business that encompasses a significant portion of the global economy. However, despite its size and importance, it has needed to be faster to embrace new technologies and resistant to change. Lately, the sector has encountered numerous obstacles, such as convoluted and prolonged dealings, deceptive behavior, and…
Mysore/Mysuru: For a long time, almost a decade, real estate was a dud investment for many investors, especially along the Ring Road. However, the property market is back on the radar with the Karnataka State Cricket Association’s (KSCA) plan to construct an International Cricket Stadium at Hanchya-Sathagalli becoming a reality soon. Land prices are already…
Mysore/Mysuru: A real estate agent, who got a sale agreement done for a house which was already sold, has cheated a businessman of Rs. 15 lakh in city. While the victim is Aravinda Shetty, a resident of Sowparnika Blue Bells Apartment in Vijayanagar 3rd Stage, the person, who cheated him, is a 38-year-old real estate…
Unable to bear torture on his mother, he had hatched a plot to eliminate his father 15 days back Mysore/Mysuru: A real estate agent was murdered by his minor son at their residence in city yesterday afternoon. The deceased is Sampath Kumar (60), a resident of 7th Cross in Brindavan Layout 1st Stage. He was…
Bengaluru: In a New Year gift, the Karnataka Government yesterday reduced the guidance value of immovable properties across the State by 10 percent for three months from January 1, 2022. Revenue Minister R. Ashoka said the State Government has reduced the guidance value for the purchase of property, whether it is revenue land, site, building,…
It’s common knowledge that real estate generates passive income in the form of rental returns. Finding a good tenant is the perfect motivation for a real estate investor along with capital appreciation that gets generated on the asset value. Sounds easy and convenient, right? But, the dire question here is: How can you maximize a…
Mysore/Mysuru: A Right To Information (RTI) activist has unearthed efforts by land sharks to usurp a piece of land worth crores of rupees by getting the property registered as a Gift Deed in the name of a dead person by taking another person to the Sub-Registrar’s Office in place of the dead person. The reply…
Whom will it benefit ? ask city builders Mysore/Mysuru: Following an assent from Governor Vajubhai R. Vala on Nov. 19, 2020, the State Government may have promulgated an ordinance to amend the Karnataka Stamp Act, 1957 to slash the stamp duty on flats or apartments to push up the ailing housing sector due to COVID-19….
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