Sobha of apartments where IT titans live takes a knock
Mar 07, 2014
Source : The Economic Times

 

BANGALORE: Residents of an upscale apartment complex, where InfosysBSE -2.40 % CEO SD Shibulal's wife owns a flat, on Tuesday woke up to the sound of bulldozers and other heavy equipment brought in by authorities to demolish their walls.

The apartment, Sobha Garnet, at the Sarjapur-Outer Ring Road junction, is home to IT executives and is just a stone's throw from the WiproBSE -3.93 % corporate office. It also boasts of an Olympian hockey player among its residents. Sobha Developers, the developer, has been battling with authorities over an encroachment issue.

Officials allege that the 10-yearold property has encroached into the nearby Ibbalur Lake. But Sobha denies this charge. The 87 families who reside in the building had little clue of what was in store for them on Tuesday when the heavy equipment rolled in. "All we knew in the morning was that people had come with bulldozers to break into our homes," said a senior employee of Infosys , who lives in the building.

Authorities allege that Sobha encroached 9.3 metres, where the property's compound wall and water storage system exist. Sobha claimed that the assistant commissioner of Bangalore South sub-division had asked for a new survey but officials had not taken any steps.

Instead, they demolished the walls. Sobha also claims that the property had received an occupancy certificate dated March 5, 2003, and that the company did not receive any demolition notice from the tahsildhar of Bangalore South Taluk.

"The tahsildhar without complying with the orders of the high court and also the asst commissioner without hearing the owners, or providing them with the survey report, had on 04.03.2014, after pasting a notice dated 01.03.2014, illegally demolished the alleged encroached portion of 4 guntas by Sobha DevelopersBSE 0.91 % , thereby causing threat to the life and by causing damages to the limb and assets of the owners who are residing in the above apartments, in a manner which is not contemplated under Law," said Sobha. But residents blame Sobha for their troubles.

"Even a few days ago, Sobha officials assured us that nothing will happen as there is a court case," said Ashish Kumar Ballal, a former goal keeper in the Indian hockey team that took part in the Barcelona Olympics. Tahsildhar BR Dayanand supervised the demolition of Sobha Garnet's compound wall and a commercial building near it. He gave residents three days to make alternative arrangements for water supply.

"The Ibbalur Lake has 18 acre and 6 guntas but water-logging is only on 7 acres and 30 guntas," Dayanand said. "The rest has been encroached. The residents cannot claim that we have not informed them about the demolition."

Latest Realty News

New Metro Line to Lift Property Prices
Mar 04, 2014
BANGALORE: Real estate prices around the newly commissioned Metro line are expected to soar in the coming months if past trends are any indication.
Organised retail real estate supply grows
Mar 04, 2014
KARNATAKA: According to the findings of CBRE’s latest report, India Retail Market View H2 2013, the total mall supply stood at approximately 4.7 million sq ft in 2013. The demand from international and domestic brands as well as retailers, continued to strengthen throughout 2013, with the second half of the year witnessing an increase in demand for quality retail space, in Delhi-NCR, Pune and Chennai.
Premium homes in demand in Bangalore North
Mar 01, 2014
BANGALORE: Better connectivity to the city as well as to the airport, development plans such as the IT and aerospace parks by the government, signal-free roads, well-developed social infrastructure, availability of land, proximity to IT/ITeS parks, industrial belts etc are some reasons that are working in favour of Bangalore north.
Comptroller and Auditor General of India warps Bangalore Development Authority for generous spending...
Feb 27, 2014
BANGALORE: The generous donation by Bangalore Development Authority (BDA) has invited the wrath of Comptroller and Auditor General of India (CAG).
Realty Prices to Spike With Issue of 11B Khatas
Feb 24, 2014
BANGALORE: Property prices in urban and semi-urban areas across the state are set to spike with the government allowing registration of sites purchased in irregular layouts within gram panchayat limits.
Bangalore: Kaggadaspura property prices rise by 21%
Feb 24, 2014
BANGALORE: Kaggadaspura, located in CV Raman Nagar, near Old Madras Road, Bangalore has witnessed impressive growth in property prices in the Oct-Dec 2013 quarter. The prices of residential projects in this area range from around Rs 3000 to 6000 per sq ft, averaging around Rs 4000 per sq ft, registering an impressive 21 per cent increase in value since the Jan-Mar 2013 quarter.
Bangalore East: High demand for premium homes
Feb 23, 2014
BANGALORE: Bangalore east was known for its plush colonial-style bungalows in the established neighbourhoods of Fraser Town, Cox Town, Cooke Town and Indiranagar, all the way up to the sparsely-populated Whitefield. With the expansion of the city to include several new areas, the east belt has seen an uptake in luxury housing options, mainly owning to the spread of IT in the region. Proximity to workplaces, easy access and high disposable incomes has led to a rise in demand for villas, row house
Bangalore the most preferred place for buying house: ASSOCHAM survey
Feb 22, 2014
BANGALORE: The city is the most preferred for buying a house in 2014 thanks to connectivity, infrastructure and basic facilities, according to the findings of a survey by the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Growth poles on the realty map
Feb 22, 2014
BANGALORE: The latest Residex, the residential property price index released by the National Housing Bank (NHB) shows that while home prices are in general witnessing an upward movement, the prices in several Tier-II and III cities during the October-December quarter have seen an increase of the same levels as metropolitan markets or even greater.
DKS Bought Allotted Land, Says Hiremath
Feb 22, 2014
BANGALORE: Declaring that he would meet the Governor soon to demand action against Energy Minister D K Shivakumar, social activist S R Hiremath on Friday accused the minister of buying 10 acres of land allotted for a layout in Kodigehalli.

Latest Realty News Of State

Realty Talk's