Properties in Kengeri Bangalore

Bengaluru, the IT capital of India, provides a plethora of choices for buyers looking for affordable housing options. MakaaniQ lists five such properties.

Although most young buyers look for apartments because these are easier to maintain, villas and bungalows have still not lost their charm. Bengaluru, of late, has opened up with options developed by both private developers as well as by the Bangalore Development Authority. After successfully allotting 90 per cent of the developed villas at Alur, the development body has invited tenders for the next lot of villa developments at Hunnigere village of Dasanapura.

The Bengaluru Development Authority (BDA) is planning to audit its properties to cash in on untapped sources of income.

Through an order in 2011, the Supreme Court held that transferring property title through a general power of attorney was not valid. The top court directed municipal bodies not to register/mutate properties based on these documents. Following the order, states banned the registration of properties sold through GPA. The SC, however, said that genuine transactions carried out through GPA would be valid. In light of this, should you be entering property transactions that involve sale through power of attorney? Let us find out.

National Building Construction Company (NBCC) is now planning to buy insolvency-hit Jaypee Infratech, a move that would help the public company to acquire land parcels in tony localities, Taj Expressway and Japyee Hospitals. NBCC will be competing with other construction majors, including L&T, Suraksha Asset Restructuring Company, Kotak group and ICUBE, which have shown interest in buying Jaypee Infratech, the sister concern of Jaiprakash Associates Limited (JAL). This is the second time process is on to acquire the insolvency-hit realtor.