Residential Plots for sale in BMEL Layout, Brookefield, Bangalore

Once the civic authority verifies the bank details of the property tax defaulter, it can issue an attachment warrant to the bank using Form 16, a BBMP official said as cited in media reports.

The changing standard of the world reflects the need for smart cities as sustainable and comprehensive areas are the need of the hour.

The OTS scheme aims to benefit property taxpayers in the BBMP area by providing them with a complete interest waiver on outstanding dues.

The Kaveri Guidance Value will help know stamp duty, registrations charges to be paid in a property transaction.

To be covered in the entire state of Telangana, the RoR Act will be revised and the Bhumata portal will replace the Dharani portal.

The move will benefit 2.74 lakh tax defaulters in the city limits who are yet to avail of the scheme.

According to the BMRCL, the major civil and system works for the Yellow Line project is nearly complete.

Noida/Greater Noida and Gurgaon lead growth in Q2 2024 property prices. Mumbai, Delhi and Bangalore show significant q-on-q growth in property values, the report said.

According to the CBRE CII report, Technology, Engineering & Manufacturing and BFSI sectors are expected to be primary demand drivers.