Bengaluru's municipal corporation achieves 88% of property tax revenue target, issues 2.25 lakh e-Khatas
1 day, 10 hours ago

Bengaluru's municipal corporation achieves 88% of property tax revenue target, issues 2.25 lakh e-Khatas

Hindustan Times  

Bengaluru's municipal corporation Bruhat Bengaluru Mahanagara Palike has collected ₹4,604 crore out of its property tax target of ₹5,210 crore for the fiscal year 2024-25, representing approximately 88.36% of the target. Bengaluru's municipal corporation has collected ₹ 4,604 crore out of its property tax target of ₹ 5,210 crore for the fiscal year 2024-25, representing approximately 88.36% of the target. Data from BBMP showed that Bengaluru's municipal corporation Bruhat Bengaluru Mahanagara Palike has issued 2.25 lakh e-Khatas to date since the e-Khata implementation in October 2024. This comes after the Bruhat Bengaluru Mahanagara Palike introduced the e-Khata service, which has posed a challenge for buyers in getting their property documents registered Bengaluru's real estate market reported 5667 property registrations in October last year, an almost 21% dip compared to 7167 units registered in September, according to data by the Inspector General of Registration accessed by prop-tech platform Square Yards.

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History of this topic

Property value in Sarjapur Road, Whitefield shooting up by over 8 per cent annually
3 days, 20 hours ago

Property value in Sarjapur Road, Whitefield shooting up by over 8 per cent annually

New Indian Express  

BENGALURU: Emerging areas in the city like Sarjapur Road, Whitefield, Hebbal and Devanahalli are witnessing significant growth due to their proximity to IT hubs, improved infrastructure and connectivity, said Amar Mysore, president of Confederation of Real Estate Developers Associations of India, Bengaluru. Speaking at the launch of the CREDAI Realty Expo 2025 on Friday, Mysore said, "These areas are projected …

Bengaluru homebuyers struggle with affordability crisis as mid-end housing launches fall by 29%, says NoBroker report
5 days, 13 hours ago

Bengaluru homebuyers struggle with affordability crisis as mid-end housing launches fall by 29%, says NoBroker report

Hindustan Times  

As real estate developers increasingly focus on high-margin luxury projects, budget-conscious buyers face growing challenges to homeownership. The launch of mid-end housing projects, with properties priced between ₹40 lakh and ₹80 lakh, in Bengaluru dropped by 29% in 2024, according to a report by NoBroker. The launch of mid-end housing projects, with properties priced between ₹ 40 lakh and ₹ …

Bengaluru real estate: Will slowing NRI interest and rising property costs lead to a market correction?
6 days, 18 hours ago

Bengaluru real estate: Will slowing NRI interest and rising property costs lead to a market correction?

Hindustan Times  

Bengaluru’s real estate market has become a topic of discussion among Redditors, with many questioning the sustainability of the city’s property boom. A Reddit user highlighted concerns about the future of Bengaluru's real estate market, particularly from an NRI investment perspective. While these factors could slow Bengaluru’s real estate growth, the user argued that a full-fledged market crash is unlikely …

Bengaluru civic body issues property tax notices to Vidhana Soudha, Raj Bhavan
2 weeks ago

Bengaluru civic body issues property tax notices to Vidhana Soudha, Raj Bhavan

India Today  

The Bruhat Bengaluru Mahanagara Palike has issued notices to 258 government buildings, including the Karnataka legislative assembly, Vidhana Soudha, residence of the Governor or Raj Bhavan, and Vikasa Soudha, over unpaid property taxes. This move comes as the civic body struggles to boost its revenue, with officials stating that strict action will be taken against all tax defaulters, regardless of …

BBMP likely to introduce 5% property tax rebate for getting e-khata
3 weeks, 3 days ago

BBMP likely to introduce 5% property tax rebate for getting e-khata

The Hindu  

The Bruhat Bengaluru Mahanagara Palike with an aim to incentivise e-khata, is contemplating a 5% rebate on property tax for owners securing the digital document. A senior BBMP official talking to The Hindu said, “So far, 14 lakh draft khatas have been downloaded and over 1 lakh e-khatas have been issued by the civic body. The property owners are required …

Total tax revenue of ₹154.36 crore for Thiruvananthapuram Corporation in 2023-24
1 month ago

Total tax revenue of ₹154.36 crore for Thiruvananthapuram Corporation in 2023-24

The Hindu  

The Thiruvananthapuram Corporation had a total tax revenue of ₹154.36 crore in 2023-24, as per the annual administration report for the financial year tabled in the council on Saturday. The non-tax revenue for 2023-24 stands at ₹109.38 crore, with the ₹37.36 crore collected in building construction licensing fees and fine amounts being the biggest contributor. Property tax collections at the …

Tiruppur Corporation brings 4,000 unassessed, under-assessed buildings into property tax ambit
1 month, 2 weeks ago

Tiruppur Corporation brings 4,000 unassessed, under-assessed buildings into property tax ambit

The Hindu  

The Tiruppur Corporation has so far identified about 4,000 unassessed and under-assessed properties in the ‘commercial’ and ‘industrial’ segments. Details of several of these properties were identified through drone images and footages, and the owners instructed to comply with the guidelines on property tax at the recent meeting of the Corporation Council. As for the 4,000 unassessed and under-assessed buildings …

Bruhat Bengaluru Mahanagara Palike to auction properties of chronic tax defaulters
1 month, 3 weeks ago

Bruhat Bengaluru Mahanagara Palike to auction properties of chronic tax defaulters

The Hindu  

The Bruhat Bengaluru Mahanagara Palike has announced the auction of immovable properties belonging to chronic property tax defaulters in a bid to recover outstanding tax dues. The civic body has already issued eight to 10 notices to property tax defaulters for the auction, said BBMP Special Commissioner Munish Moudgil. Any surplus funds generated from the auction after recovering the outstanding …

‘Govt. contemplating introduction of BBMP tax collection model in more municipality areas’
1 month, 3 weeks ago

‘Govt. contemplating introduction of BBMP tax collection model in more municipality areas’

The Hindu  

Minister for Municipal Administration Rahim Khan has said that the government is contemplating the introduction of property tax collection model followed by the Brihat Bengaluru Mahanagara Palike in other municipality limits also. Mr. Khan said that each municipality will get ₹25 crore from the budget to take up development works. However, I have a special concern for the district and …

Bengaluru real estate: This is what homeowners who do not have a manual ‘khata’ should do to generate one online
2 months ago

Bengaluru real estate: This is what homeowners who do not have a manual ‘khata’ should do to generate one online

Hindustan Times  

To streamline the property registration process for almost five lakh units, the Bruhat Bengaluru Mahanagara Palike has introduced an online e-khata system. This means that property owners without a ‘khata’ can now generate one online by accessing the official portal and without visiting the municipal corporation office premises. To streamline the property registration process for almost five lakh units, the …

CM reinvokes ‘Our tax, Our right’ campaign, calls upon Kannadigas to rise against Centre’s discrimination
2 months ago

CM reinvokes ‘Our tax, Our right’ campaign, calls upon Kannadigas to rise against Centre’s discrimination

The Hindu  

Launching a fresh tirade against the Centre for allocating a “meagre” share of funds to Karnataka in the recent round of devolution, Chief Minister Siddaramaiah again invoked the “Our Tax, Our Right” campaign and called upon all Kannadigas to rise against this discrimination by fighting for their rightful share. Though the Union Budget doubled from ₹24.42 lakh crore in 2018-19 …

90% of farmland conversions illegal in Karnataka, 13,000 acres of unapproved layouts in Bengaluru: Report
2 months, 1 week ago

90% of farmland conversions illegal in Karnataka, 13,000 acres of unapproved layouts in Bengaluru: Report

Hindustan Times  

An alarming revelation has emerged in Karnataka, where nearly 90 per cent of farmlands being used for non-agricultural purposes lack the necessary legal approvals. Data shows that out of 72.11 lakh land parcels under non-agricultural use, only 4.69 lakh have obtained the mandatory conversion orders. These orders, known as ‘DC conversions,’ are issued by deputy commissioners to permit agricultural land …

Year-ender 2024: All about the e-khata initiative introduced by the Karnataka government and how it impacted homebuyers
2 months, 3 weeks ago

Year-ender 2024: All about the e-khata initiative introduced by the Karnataka government and how it impacted homebuyers

Hindustan Times  

In 2024, the Karnataka government launched the e-khata initiative to improve transparency in property registrations, reduce fraud, and increase property tax revenue. It not only led to a slight dip in property registration numbers in the month of October but also affected buyers who were in the process of getting their documents registered. In September, the state government introduced the …

Bengaluru real estate: Landlords start compromising on rents as city sees new supply, more rental options
2 months, 3 weeks ago

Bengaluru real estate: Landlords start compromising on rents as city sees new supply, more rental options

Hindustan Times  

With more inventory available for rent in the Bengaluru real estate market's residential segment, landlords have started reducing rents by 5% to 10% in city centres. Bengaluru sees new housing supply Bengaluru recorded 16,537 home launches in April-June, accounting for 21% of the total residential launches across top cities. Bengaluru recorded a 7% rise in new launches yearly despite a …

Bengaluru's property registrations dip 21% amid E-khata implementation woes
2 months, 3 weeks ago

Bengaluru's property registrations dip 21% amid E-khata implementation woes

Hindustan Times  

Bengaluru's real estate market reported 5667 property registrations in October, an almost 21% dip compared to 7167 units registered in September, according to data by the Inspector General of Registration accessed by prop-tech platform Square Yards. Bengaluru's real estate market reported 5667 property registrations in October, an almost 21% dip compared to 7167 units registered in September, according to data …

Karnataka passes amendment bill to tighten property tax compliance in Bengaluru
Trending News
3 months ago

Karnataka passes amendment bill to tighten property tax compliance in Bengaluru

India Today  

The Karnataka Legislative Assembly on Monday passed the Bruhat Bengaluru Mahanagara Palike Second Amendment Bill, aimed at tightening measures against property tax defaulters in the city. "A deadline of November 30 was set for property tax defaulters within the BBMP jurisdiction to clear their dues under the One-Time Settlement scheme. However, he cautioned against future hikes in property tax, emphasising …

Bengaluru civic body plans 10-km expressway from Banashankari to NICE road: Report
3 months, 1 week ago

Bengaluru civic body plans 10-km expressway from Banashankari to NICE road: Report

Hindustan Times  

The Bruhat Bengaluru Mahanagara Palike is moving forward with plans to address mounting traffic congestion on Kanakapura Road by proposing a 10-km expressway connecting Banashankari to NICE Road. In a letter to BBMP Chief Commissioner Tushar Girinath, Shivakumar highlighted the severe traffic issues faced by commuters and suggested utilizing the Bangalore Water Supply and Sewerage Board’s pipeline road for the …

Stamps and Registration Department registers record revenue growth of 26%
3 months, 2 weeks ago

Stamps and Registration Department registers record revenue growth of 26%

The Hindu  

The Stamps and Registration Department has registered a record growth of 26% in its revenues as against Karnataka’s average revenue growth of 11%, according to Revenue Minister Krishna Byre Gowda. Earlier, addressing a press conference in Bengaluru after reviewing the functioning of the Revenue Department through video conference with deputy commissioners of districts, the Minister disapproved of the argument that …

One Time Settlement scheme to end on Nov 30, BBMP yet to collect over ₹550 crore property tax dues
3 months, 2 weeks ago

One Time Settlement scheme to end on Nov 30, BBMP yet to collect over ₹550 crore property tax dues

The Hindu  

About 2 lakh tax defaulters have availed the Bruhat Bengaluru Mahanagara Palike’s One Time Settlement scheme for payment of property tax, which will be ending on November 30. A senior BBMP official talking to The Hindu said about 3.95 lakh people are on the list of tax defaulters and the response was below the expectation of the BBMP. BBMP Special …

Inside Bengaluru’s ‘Billionaire Street’: Here’s why it’s the city’s costliest and a magnet for business titans
4 months ago

Inside Bengaluru’s ‘Billionaire Street’: Here’s why it’s the city’s costliest and a magnet for business titans

Live Mint  

Koramangala 3rd Block, known as ‘Billionaire Street,’ has emerged as one of Bengaluru’s most prestigious addresses. One of the standout deals in Bengaluru’s real estate history took place here when Quess Corp MD Ajit Isaac acquired a 10,000-square-foot plot for ₹67.5 crore, setting a new benchmark in the area. Market Dynamics and Pricing Trends Data from Housing.com shows an upward …

Decline in Mumbai’s revenue post-octroi worrisome, finds Praja report
5 months, 2 weeks ago

Decline in Mumbai’s revenue post-octroi worrisome, finds Praja report

Hindustan Times  

Mumbai: There is a worrying decline in tax revenues in civic coffers following the abolition of octroi in Maharashtra, according to a new report released on Thursday by Praja Foundation. Mumbai fares better than other cities because the Brihanmumbai Municipal Corporation has a legacy of competent tax and charge collection. Any future mandate would come only through recommendations from the …

Bengaluru real estate: Over 2.64 lakh property owners in the IT capital yet to pay taxes, BBMP data shows
6 months, 2 weeks ago

Bengaluru real estate: Over 2.64 lakh property owners in the IT capital yet to pay taxes, BBMP data shows

Hindustan Times  

Bengaluru civic agency, the Bruhat Bengaluru Mahanagara Palike, has released a list stating that there are a total of 2,64,228 defaulters across eight zones in the city who are yet to pay property taxes. Over 2.64 lakh property owners in Bengaluru are yet to pay taxes, BBMP data shows Furthermore, it shows that of the 3,95,253 property tax defaulters identified …

Bengaluru's top real estate deal: Residential property sells for ₹47 crore in Indiranagar
6 months, 2 weeks ago

Bengaluru's top real estate deal: Residential property sells for ₹47 crore in Indiranagar

Hindustan Times  

In a high-end real estate transaction in Bengaluru's Indiranagar locality, a residential property has been sold for ₹47.5 crore, property registration documents accessed through proptech platform Zapkey showed. Bengaluru real estate: Residential property sells for ₹ 47 crore in Indiranagar As per details cited in the said documents, the 8,800-square feet land parcel housing an independent residential unit spanning a …

BBMP collected Rs 3K crore property tax from April 1 to July 31, Rs 600 crore more than last year
7 months, 2 weeks ago

BBMP collected Rs 3K crore property tax from April 1 to July 31, Rs 600 crore more than last year

New Indian Express  

BENGALURU: Bruhat Bengaluru Mahanagara Palike Chief Commissioner Tushar Girinath said on Thursday that from April 1 to July 31, the Palike collected property taxes amounting to Rs 3,065 crore for 2023-24. He told reporters here that compared to the same period last year, the Palike collected Rs 600 crore more. According to Palike ’s revenue officials, Rs 380.63 crore has …

BBMP’s ‘one-time settlement scheme’ boosts property tax collections
7 months, 2 weeks ago

BBMP’s ‘one-time settlement scheme’ boosts property tax collections

The Hindu  

After the implementation of the one-time settlement scheme for property tax, 1.07 lakh property owners have utilised it, paying the Bruhat Bengaluru Mahanagara Palike ₹184.77 crore in dues till July 29. According to data provided by the BBMP, from April 1 to July 29, the number of property tax defaulters has seen a notable decline, which officials say shows the …

Bengaluru’s one-time settlement scheme ends today, property tax dues worth ₹549 crore still pending
7 months, 2 weeks ago

Bengaluru’s one-time settlement scheme ends today, property tax dues worth ₹549 crore still pending

Hindustan Times  

Property tax dues worth ₹548.94 crore are pending against nearly 2.88 lakh properties spread across eight zones in Bengaluru, according to data shared by the Bruhat Bengaluru Mahanagara Palike on July 30. Property tax dues worth ₹ 549 crore still pending before the one-time settlement scheme in Bengaluru ends today. July 31 is the last day to avail the 5% …

Nirmala Sitharaman says Karnataka and Bengaluru are set to benefit under many schemes announced in Budget
7 months, 2 weeks ago

Nirmala Sitharaman says Karnataka and Bengaluru are set to benefit under many schemes announced in Budget

The Hindu  

Following criticism of the Union Budget by Chief Minister Siddaramaiah, Union Finance Minister Nirmala Sitharaman on Sunday defended the Centre’s financial allocation to Karnataka and said that many of the large projects announced in the Budget would bring benefits to the State. While Mr. Siddaramaiah had listed out Karnataka’s expectations from the Budget that were not met, Ms. Sitharaman gave …

Bengaluru tops housing sales and launches pan India in Q2 2024, ₹1-3 crore homes capture 63% of new launches
7 months, 2 weeks ago

Bengaluru tops housing sales and launches pan India in Q2 2024, ₹1-3 crore homes capture 63% of new launches

Hindustan Times  

Bengaluru has emerged as the premier residential real estate market in India with 18,548 housing units sold and 16,537 homes launched during the April-June period of the ongoing calendar year, according to JLL Research. Bengaluru tops housing sales and launches pan India in Q2 2024 The IT capital accounted for approximately 21% of the total residential launches and around 23% …

Bengaluru mall, closed amid dhoti row, gets notice over non-payment of tax - Bangalore News
7 months, 3 weeks ago

Bengaluru mall, closed amid dhoti row, gets notice over non-payment of tax - Bangalore News

India Today  

The GT World Mall in Bengaluru, which was ordered to close for a week after it denied entry to an elderly farmer for allegedly wearing a dhoti, has property tax overdue amounting to Rs 3.56 crore, officials said. "As per Section 156 of the BBMP Act 2020, read with a circular dated 06-12-2023, your trade license is suspended, and property …

Good news for tenants! Bengaluru’s rental housing market records 5-10% average price correction in April-June quarter
8 months ago

Good news for tenants! Bengaluru’s rental housing market records 5-10% average price correction in April-June quarter

Hindustan Times  

Bringing cheer to home tenants in Bengaluru, the city’s rental housing market saw an average price correction of 5-10% during the April-June quarter of the ongoing calendar year, local brokers told HT.com. Bengaluru’s rental housing market records 5-10% average price correction in April-June quarter of 2024, as per local brokers It should be noted that typically the second quarter of …

Bengaluru's residential property prices jumped 57 per cent in the last 5 years: Report
8 months, 1 week ago

Bengaluru's residential property prices jumped 57 per cent in the last 5 years: Report

Hindustan Times  

Residential property prices in Bengaluru have jumped 57 per cent in the last 5 years, as per 'Bengaluru's Real Estate - Your Gateway to Opportunity' report released by ANAROCK. The housing sales in Bengaluru exceed new launches in the first half of 2024 with about 34,100 units sold - up 11 per cent over H1 2023. The average office rentals …

BBMP says no plans to increase property tax
8 months, 2 weeks ago

BBMP says no plans to increase property tax

New Indian Express  

BENGALURU: The BBMP has clarified that there is no proposal to hike the property tax in the city. The Special Commissioner clarified on Wednesday that there are many fake reports doing the rounds in the media about the property tax hike and said there is neither any such proposal nor any plans to increase property taxes. Also, from the existing …

Bengaluru's civic body likely to be split into smaller corporations
9 months ago

Bengaluru's civic body likely to be split into smaller corporations

Hindustan Times  

The Bruhat Bengaluru Mahanagara Palike, Bengaluru's civic body, is likely to be split into three to five corporations by the state government. This move is expected to increase the civic body's efficiency and productivity in a rapidly growing city like Bengaluru. Bengaluru's civic body likely to be split into smaller corporations Speaking to reporters on Wednesday, Karnataka home minister G …

Pay property tax dues by July 31 or face action: Deputy CM DKS
9 months ago

Pay property tax dues by July 31 or face action: Deputy CM DKS

New Indian Express  

BENGALURU: Deputy Chief Minister DK Shivakumar on Tuesday warned of stringent action against those who fail to clear their outstanding property tax through the ‘One-Time Settlement’ window by July 31. The Bruhat Bengaluru Mahanagara Palike proposed the OTS scheme in the beginning of March, providing an opportunity to tax defaulters to clear their tax arrears and interest at a 50% …

What is Bengaluru’s new property tax system that aims to fix leakage and rationalise the system
11 months, 1 week ago

What is Bengaluru’s new property tax system that aims to fix leakage and rationalise the system

The Hindu  

The story so far The Bruhat Bengaluru Mahanagara Palike has now halted the implementation of the new property tax regime fearing backlash from the citizens ahead of parliament elections. In a bid to streamline property taxation and ensure fairness, a new property tax system was introduce, according to the BBMP. The new system prescribes nominal rates to determine property tax …

Siricilla again tops in property tax collections among ULBs in 2023-24
11 months, 2 weeks ago

Siricilla again tops in property tax collections among ULBs in 2023-24

The Hindu  

Siricilla has once again topped the list of property tax collection for the financial year of 2023-24 among the 140 Urban Local Bodies in Telangana by achieving 99.52% collection or ₹5.58 crore from the total demand of ₹5.61 crore by March 31 midnight. Municipal Administration and Urban Development officials informed on Tuesday that Yellandu in Bhadradri-Kothagudem district secured the second …

Explained: What is Bengaluru’s new property tax?
1 year ago

Explained: What is Bengaluru’s new property tax?

Live Mint  

In a move aimed at streamlining property tax collection and boosting revenue, the Bengaluru urban development minister, DK Shivakumar, unveiled a new property tax system on March 11. According to the Bruhat Bengaluru Mahanagara Palike and the state government, the previous Unit Area Value property tax system, implemented in 2008, had divided the city into six zones with 18 different …

Karnataka launches new property tax policy for Bengaluru; To be implemented from April 1
1 year ago

Karnataka launches new property tax policy for Bengaluru; To be implemented from April 1

Hindustan Times  

Bengaluru: Deputy chief minister and Bengaluru urban development minister DK Shivakumar on Monday released the new property tax collection system which will be implemented from April 1. DK Shivakumar According to Bruhat Bengaluru Mahanagara Palike and the state government, the new system is intended to simplify and rationalise the taxation process while also boosting revenue for BBMP. The previous Unit …

Retain SAS Scheme in BBMP, Urges FKCCI
1 year ago

Retain SAS Scheme in BBMP, Urges FKCCI

Deccan Chronicle  

Bengaluru: Over the draft notification of Bruhat Bengaluru Mahanagara Palike on new system of property tax, the members of Federation of Karnataka Chambers of Commerce and Industry, Bengaluru expressed their objections to the draft notification wanting its withdrawal while retaining the existing Self-Assessment Scheme, 2000. Balakrishna at a press conference in Bengaluru stated that the SAS was “successfully” implemented and …

Brand Bengaluru initiatives get ₹1,580 crore in BBMP budget
1 year ago

Brand Bengaluru initiatives get ₹1,580 crore in BBMP budget

The Hindu  

The Bruhat Bengaluru Mahanagara Palike Budget proposes several policy shifts with the aim of shoring up the civic body’s revenue base, besides promising allocation for programmes tagged under the ambitious Brand Bengaluru campaign. Brand Bengaluru The theme is ‘Brand Bengaluru’, and ₹1,580 crore has been allocated for initiatives with a promise to maintain these funds in an escrow account. The …

Shapoorji Pallonji Real Estate eyes ₹500 cr revenue from new project in B'luru
1 year ago

Shapoorji Pallonji Real Estate eyes ₹500 cr revenue from new project in B'luru

Hindustan Times  

Shapoorji Pallonji Real Estate has launched 180 luxury apartments in its project in Bengaluru with a saleable area of 4.3 lakh square feet and is eyeing a revenue potential of almost ₹500 crore, the company said. Shapoorji Pallonji Real Estate has launched 180 luxury apartments in its project in Bengaluru with a saleable area of 4.3 lakh square feet The …

BJP leader Basavaraj Bommai criticizes Karnataka state budget, warns of economic downturn
1 year ago

BJP leader Basavaraj Bommai criticizes Karnataka state budget, warns of economic downturn

Hindustan Times  

In a scathing critique of Chief Minister Siddaramaiah's 15th budget presentation, BJP leader and Former Chief Minister Basavaraj Bommai expressed concerns over the fiscal direction of the state, asserting that "Development is not possible from Dasoha without Kayaka". Bommai also raised concerns about the government's borrowing practices, stating that despite borrowing ₹1.5 lakh crore, only ₹1,000 crore was allocated for …

Cong govt in Karnataka slashes property tax penalties by 50 pc in Bengaluru, relief for taxpayers
1 year ago

Cong govt in Karnataka slashes property tax penalties by 50 pc in Bengaluru, relief for taxpayers

Hindustan Times  

The tax-payer-friendly BBMP Amendment Bill 2024, which brings down the penalty on property tax dues by 50 per cent in Bengaluru city limits, was passed in the Legislative Assembly on Tuesday. READ | Bengaluru real estate: 70% realty assets in the city developed through joint development agreements This important Amendment will benefit a total of 13-15 lakh people in Bengaluru …

Karnataka Budget 2024: Properties in Bengaluru to get digital ownership documents; shops to remain open until 1 am
1 year, 1 month ago

Karnataka Budget 2024: Properties in Bengaluru to get digital ownership documents; shops to remain open until 1 am

Hindustan Times  

The Karnataka government will digitize property tax records of all 20 lakh properties in Bengaluru and issue digital e-Khatas from 2024-25, Chief Minister Siddaramaiah said in his budget speech on February 16. Commenting on the government’s announcement that records of all 20 lakh properties in Bengaluru will be digitized, real estate experts said that the move will help streamline property …

Bengaluru’s property tax conundrum
1 year, 1 month ago

Bengaluru’s property tax conundrum

The Hindu  

As Bengaluru’s civic officials were in the process of sealing down a shop in the neighbourhood of R.T. Nagar in north Bengaluru over alleged property tax evasion, the 50-year-old property owner Shankar T. collapsed in shock. A senior BBMP official says this rigour is due to stern direction to improve tax revenue by Bengaluru Development Minister Shivakumar, who, shortly after …

Karnataka Deputy CM Rules Out Property Tax Hike in Bengaluru
1 year, 5 months ago

Karnataka Deputy CM Rules Out Property Tax Hike in Bengaluru

Deccan Chronicle  

Bengaluru: Bengaluru city incharge and Deputy Chief Minister D.K. Shivakumar on Monday said that there would not be any hike in property tax in Bengaluru city for now but a new team will be constituted for tax collection especially keeping an eye on tax evaders. The DyCM, addressing a press conference in Bengaluru, stated that an eye will be kept …

BBMP to take steps to reach property tax target
2 years, 2 months ago

BBMP to take steps to reach property tax target

The Hindu  

The Bruhat Bengaluru Mahanagara Palike has collected ₹2,718 crore in property taxes this year which amounts to 64.88% of the total target of ₹4,189.78 crore. In a virtual meeting held on Friday, Chief Civic Commissioner Tushar Giri Nath instructed the revenue officers to issues notices to all defaulters in order to increase the tax collection. He also ordered the officers …

Bengaluru flooding: BBMP announces ₹10,000 compensation for 1,064 houses in Mahadevapura zone
2 years, 6 months ago

Bengaluru flooding: BBMP announces ₹10,000 compensation for 1,064 houses in Mahadevapura zone

The Hindu  

The Bruhat Bengaluru Mahanagar Palike has announced ₹10,000 compensation each for the families whose homes were flooded in the recent rain. The civic body has identified 1,064 houses that were flooded in Mahadevapura zone and announced the compensation. BBMP officials said: “We have surveyed the flooded area in our zone and found that 1,064 houses have been flooded, and they …

Housing prices in Bengaluru up by 4% in April-June quarter: Report
2 years, 7 months ago

Housing prices in Bengaluru up by 4% in April-June quarter: Report

Hindustan Times  

The square foot price of residential housing in Bengaluru increased by four per cent to ₹7,848 in the April to June quarter as compared to last year. Housing prices in Bengaluru returned pre-pandemic levels by rising four per cent in the second quarter, making it the highest price in three years. Below is a table detailing the increase in housing …

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