Buyers said that they could not take possession of their flats because contrary to what the developer had told the apex court, many flats were not ready for possession as they did not have an OC, which is mandatory prior to handing over possession.
Of the total land deals in FY24, around 80 separate deals for approximately 2,252 acres are for proposed residential, plotted development and township projects.
Bengaluru News Updates: The new Amendment bill on property tax relief will benefit a total of 13-15 lakh people in Bengaluru city including 5.51 lakh taxpayers, 5-7 lakh people outside the property tax bracket and 3 lakh partial property taxpayers.
Analysts attribute this rise to a rise in people’s increasing preference for shared experiences and a greater proclivity to indulge in leisure activities.