Ok so you have been hunting for apartments in Bangalore? There are so many ads floating around in so many different media about various builders and their current/future projects, its really confusing and difficult to keep track. How i wish i had just one place where i got to see the all good builders! This way i will save myself a lot of time and effort. Now i dont need to keep those new paper clippings, cut those little corners from local ads neither i need to glue my ears to FM channels waiting for ads. 
Over past few months i have spent quite some time compiling a list of ‘good’ builders and their web sites. I am sharing the list for all others benifit. Just follow the link below to get the list,
Note that there are quite a few other builders in Bangalore. But i have not listed them here since i have not found enough information about them. Few are also excluded because i have got not so good recommendation about them from my acquaintances. I will keep adding to the list as i know of any new or grown up builder.
Hi Rahul,
The issues you mentioned with Sobha daffodil if true then I just wonder why people are quoting 65+ for 3BHK? Has anybody has more information on this?
STAMP PAPER VALUE ON DEED OF ASSIGNMENT
Hi everyone,
do you know if the stamp paper value requirement on deed of assignment is increased recently ? I had done the assignment agreement in Rs 200/- stamp paper, but now the ICICI / HDFC bank is insisting me on getting this on 0.25% of property value for the loan disbursement.
Has anyone know about this ?
Thanks
Mahesh
Hi Mahesh,
Yes even I was asked to pay the bank .25% of the prperty value minus the registration in order to secure a loan.
regards
Shilpi
Hi Shilpi
Could you please elaborate on what you mean by “minus the registration” ?
My propert value is 50 lakhs, and my assignment agreement is currently on a Rs 200/- stamp paper, so do you know if I have to get a new stamp paper worth Rs 12,500 or I just need to do franking ?
Secondly, whatever amount we pay for the stamp paer, will it be deducted when we do the registration at sub-registrar office ?
I will appreciate if you could reply please
Regards – Mahesh
I am planning to buy a apartment at AKME ENCORE, please give any feedback on the builder.
hello all,
Have you heard about NBR Developers? They’re selling plots for 300/sq ft at Hosur. Any info on them is much appreciated
Regards,
Manisha
Hi,
NBR got office at hosur road, and all there properties are developed.
I had already visited there property at hosur good for investment. waiting for best deal
with there management.
Kumar
Hi All,
I’ve to decide between 2 projects: one from a big builder in Manipal County club road and another from a small builder in Neeladri nagar in Electronics city. Could anyone please help me with pros and cons of
1) big builder and small builder
2) Manipal county club road and electronics city
The main differences between the above 2 projects are:
cost (10 lakhs difference)
brand name
number of units (145 vs 25)
Thanks,
Anu
Hi Anu,
There is a much difference betw manipal county club road and electronic city.
as u mentioned brand , units,etc .
In my view better to go for the flats with some features so that no need to think of other flat atleast for some years, might be difference in cost.check out things once before buying.
Devanand
Hi,
Has anyone registered their property in Whitefield registrar office recently? I need some information.
thanks,
CJ
Hi all,
How about Outer-Ring-Road Hoysala_Nagar and Ramamurthy Nagar.. I’m getting offers like 30X40 Site + House for 40 Lakhs.Please advise the area appreciation.
Hi all, if you are buying the property outskirts of Bangalore look for these docs.
—————————–cut-here———————————————-
# R.T.C (popularly known as Pahani) contains details of the total extent of land, names of the present and previous owners, kind of soil and crop, any mortgages, etc.
# Mutation Extract refers to the mode of acquisition of the property and the order stating that the Khatha may be transferred to the name of the present owner.
# Family tree certified by the Village Accountant/Revenue Inspector gives names of the members of the family of the present and past owners of the land and indicates whether they are living or dead.
#Endorsement from the Special Land Acquisition Officer/BDA/KIADB / K.H.B etc.: It confirms that there are no acquisition proceedings in respect of the property in question.
#Encumbrance Certificate: This should be in Form No.15/16 for a period of at least 30 years from the office of the Sub-Registrar exercising relevant jurisdiction over the property in question.
#Conversion Order issued by the Deputy Commissioner or Assistant Commissioner under section 95(2) of the Karnataka Land Revenue Act, 1964 exercising jurisdiction over the property.
#Receipt evidencing conversion fine paid as levied under Section 95(7) of the Karnataka Land Revenue Act, 1964 in the form of a challan to the Treasury at the rates prescribed s in the Table under Rule 107 of the Karnataka Land Revenue Rules, 1966.
#Form No.9, Form No.10 and Form No.11 issued by the Village Panchayat/Tahsildar.
Certified copies of all sales deed
Computerized Khata certificate
Property tax paid receipts
Layout plan OR Sketch fixing sites on Survey Map
Acknowledgement of register of firm
Partnership deed of developers
—————————–cut-here———————————————-
Does anyone know, if there is a way to find out if builder has paid betterment charges to the BBMP. Our builder states he has done so, but I do not know of a way to verify it?
Any help would be appreciated.
Hi Anu,
Are you talking about GR? What is the rate they are offering?
Hi Anu wht is GR offering now??? Do you have the details of Samudhara serene and Arattukulam’s project?
I had seen a property at kothanur near to hosur. it’s under Panchayath only. Not a closed community project or any thing like that. the owner is quoting 650 per sq.ft Is it worth for that price. Do any one have an idea regarding this and the Property Prices over there? Pls give me some information.
Regards,
John
Can anyone give feedback about Chitrakut developers?
Hi Sameer,
Chitrakut developers are honest and professional.
Their After sales service is good. You can always get them to do any modifications or repairs. People who work are friendly and seek long time relation with the customer.I own a house by chitrakut developers and satisfied with them.
Fittings and quality of work is average.
Regards,
Sundar
Hi Sundar,
Which project you are staying in? Can you give more information on rates? Their quoted rates sounds very high and they are not ready to negotiate. Also they claim to offer apartments on one fixed rate to all customers irrespective of who bargains more or less.
my company do all type pop work with 12 year experience in Bombay , Gwalior and Bangalore please call me big or little work
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Quotation for plain Gypsum board
RamNaresh verma 9632776783,9980093618,9844297275
1**Gypsum board 12mm,Heavy channel one sft 40.00
2**partition3″gypsum board one sft 60.00
3**POP plain celling with 12mm local channel one sft 30.00
4**Imported cornice 3″4″5″ one rft 34.00
5**POP-local cornice3″4″5″ one rft 25.00
6**company flower 23″ one 1000
7**local flower 23″ one400
8**company Dome 760mm 5000
9**local Dome 760mm1500
10**Bedding one half inch company 30.00
11**Beading one half inch local 20.00
12**Tube light cutting 100
13**sport light cutting 25.00
14**Wall POP bottom one sft 16.00
15**Wall POP panning one sft 5.00
16**Fall celling labour charge one sft 15.00
17**Grid suspension falls celling labour charge one sft 10.00
Difference between guidance value and market value:
I am buying a flat worth 40 Lakhs, builder and private banks are saying that I can register it for the government guidance value which is 20 lakhs only. This savine 20 * .08 = 1.6 Lakhs on registration.
The same is not allowed by nationalised banks.
Can anyone throw any light on this issue? Is this really possible? What are the risks involved in registering the property for much less than actual price you pay.
Please note that rest of the 20 lakhs will be paid by banks only so there is no black money involved from my side.
Thanks,
This is really a puzzle. Requesting all to discuss this in deep. There are many points to consider about it -
1. Builders say that buyers will not face any problem at the time of possession or later. 2. Then why two different valuation. If government acquire property in future for development, will we get paid as per future government value or it is calculated on the registration value.
3. Sometime builders even get agree to create 3 valuation. One for registration, 2nd to get maximum loan from bank and 3rd is between builder and buyer.
4. All nationalize bank give loan only on the registered amount but private bank give loan on market valuation. Why is this difference, doesn’t RBI provide same guidelines to all Indian banks.
5. Actually registering on government’s valuation saves money (for buyer as well as builder). Is it just ethically wrong or it is legally wrong also?
6. Private bank provide loan on market value (registraion value + difference of the two). Can 2nd component still be considered as black money.
Thanks,
Thanks for reply Ravi,
It a full mess created by gvot by having very high stamp duty and allowing private housing loan companies to let fund at market value.
I am not sure about the black money part; as banks like LIC HF, AXIS, ICICI are paying money to builder by account payee cheques. So the diffefrence in market value and guidance value is not paid to builder by bearer cheques or just cash by these banks.
In my case builder if fine with me registering market value or guidance value.
Another point is for 40 Lakh flat you pay 8% (6% stamp duty + cess + registration) ; that is 3.2 Lakhs as stamp duty and registration. Let us say you sell the apartment after 3 years, for price 43.2 Lakhs (same you paid 3 years back) then he needs to register for 3.456 Lakhs Making money paid by him 45.656.
What is ridiculous is gvot is making 5.656 lakhs in this transaction and not adding any value and red tape creating more issues.
Now if you register for the guidance value, and second buyer will still pay 45.656 lakhs by saving on stamp duty first buyer can at least make profit of 3 Lakhs…
Any views are welcome.
What do you think of Puravankara builders?
Hi,
Has anyone done property registration in Purva Riviera/Fountain Square OR Rohan Vasantha recently (after new BBMP commissioner joined)?
I am hearing rumors about encroachment Purva and Rohan have done over a ‘nallah’. I also heard registrations are stopped due to BBMP betterment charge issues. Can any one throw light on this?
Appreciate your help.
thanks,
Puneet.
Hi Rohit,
Regardinf encroachment by Purva(Fountainsquare) and Rohan Vasantha for their project in Marathalli. It is very true that some part of their project have encroached nallah/lake. But in India these builders will get away with that by paying some bribes. May be after 5-10 years, some BBMP official will come and tell owners that they have encroached govt land. But by that time builder will not be liable at all and it will be poor owners who will be paying the price. I would advise people to avoid these projects.
Thanks,
Anand
Hi Guys,
I’m planning to buy a Residential plot in Banglore. Is it safe enough if we go for a gated community with all the basic amenities and having a BMRDA approval??? Pls give me the pro’s and con’s to buy a plot….and any of your advise is highly appreciated.
Many thanks in advance…
Ebiz
we came to know that Gopalan Grandeur at hoodi circle has some litigation on court. Anybody has any info on this ?
when we asked they said it is a rumour. but since there was a litigation due to which A,B,C blocks 3bhk extenstion towards the itpl road side was stopped at 5th floor itself for atleast 2 months. rest of the blocks are raised till 9th floor.it looks like when someone booked in those blocks asked gopalan to give it in writing that they will hand over their apartment in sep, gopalan has refused. I am not sure about this.
we do not get more info from Gopalan.
If anybody knows more info on this…pls share
Hello,
I have booked a flat under construction.
Does anyone know about interior decorator, who can help me about the customisations to be done to the flat now and later for furniture.
Thanks.
Hello Mr.Blr,
There is one company called touchstone i will give u its person s number
his name is Moin-+919945767504
Thank u
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Hi..does anyone know about JR Builders? I’m considering their project JR Meadows. Any information