Worried about buying property? Go online
The registration department intends to make public all records of buildings, apartments, commercial complexes, individual houses and agriculture properties.
Sep 05, 2015
Source : Toi

 

BENGALURU: Want to buy property but not sure if the information you have is credible? You will soon have details of the transaction history, measurement and land-use conversion at your fingertips. All you need to do is enter the property's survey number on the stamps and registration department website and crosscheck the details.

Nearly 27 lakh properties get registered each year in Bengaluru alone. To make the process transparent and hassle-free, the department has decided to post the details online by the end of September. While multiple registrations and fraudulent transactions are still major concerns among buyers, the department intends to make public all records of buildings, apartments, commercial complexes, individual houses and agriculture properties.


"The department is planning to implement the Anywhere Registration facility in select districts across Karnataka. Property details which are being uploaded online will be compiled by the department from across the state," said inspector general of registration (IGR) Manoj Kumar Meena.

Faulty entry may be a spoiler

However, there are chances of the details being erroneous, in cases where data entry may have been faulty. Documents with TOI show that in several cases, multiple registrations have occurred because their details haven't been recorded in encumbrance certificates (ECs). "While we are certain that instances of fraudulent transactions, knowingly or unknowingly, may continue to occur, we cannot say that all records are faulty," Meena said.

Privacy concerns: Asked if making the information public amounts to infringement of privacy, Meena said access will only be granted to those who enter the survey number and other details. "The software we use will not display information if someone searches for a citizen's name. The page will only open when one keys in property registration details," he added.
 

Latest Realty News

IT-raid-on-real-estate-players,-Rs-31L-cash-seized
Sep 05, 2015
NAGPUR: IT search and survey operations were simultaneously carried out at the premises of few top builders and developers in city on Friday over alleged irregularities in their financial matters. The action, during which more than 31 lakhs in cash was seized, is likely to continue.
Sorake:-Govt-didn’t-have-a-say-in-choosing-Smart-City-nominees
Sep 04, 2015
BELAGAVI: Urban development minister Vinay Kumar Sorake on Wednesday said the six cities of the state chosen for the Smart City project made the cut by scoring the highest in the assessment made based on guidelines of the central government.
New-policy-to-rope-in-Maharashtra's-private-builders-for-affordable-housing-
Sep 03, 2015
MUMBAI: The state government will soon come up with a new policy that will make it mandatory for private builders to transfer a certain housing stock to Maharashtra Housing and Area Development Authority (MHADA).
Bengaluru-property-taxes-may-go-up-20%;-proposal-to-be-placed-before-government-today-
Sep 03, 2015
BENGALURU: The BBMP is proposing a 20 per cent raise in property taxes to cover the large gap in its revenues and expenditure. The civic body will send the proposal to the government on Thursday. "We are proposing the revision effective from April 1, 2016," BBMP Administrator TM Vijay Bhaskar told ET. He added that the property taxes in the City have not been revised since 2008 when the civic body introduced a self-assessment scheme for property taxes.
2-real-estate-dealers-in-Chandigarh-held-for-16-lakh-fraud
Sep 02, 2015
CHANDIGARH: Two real estate dealers were arrested for allegedly cheating Rs 16 lakh from a Jamshedpur resident for providing him a 250 square feet plot at Palm Garden at Mullanpur in Mohali on Monday.
Builders-market-projects-during-Kumbh-Mela
Sep 02, 2015
NASHIK: City builders and developers facing slowdown for the past three-four years have started marketing their projects in view of the Kumbh Mela.
Cheating-case-against-Bengaluru-DC
Sep 02, 2015
BENGALURU: A city-based real estate developer has filed a case of cheating against the Bengaluru Urban deputy commissioner and four of his predecessors for allegedly selling him over 7 acres of government land through an open tender in 2007 by not revealing that the land consisted of a burial ground.
Real-estate-agents-now-a-part-of-Central-Advisory-Council-
Sep 01, 2015
MUMBAI: The central government, through a crucial amendment, has included real estate agents in the Central Advisory Council that will help the government understand issues related to the real estate sector.
Weak-sales,-stagnant-prices-pose-challenge-for-realty-companies:-Moody's-
Sep 01, 2015
NEW DELHI: Weak housing sales and stagnant prices will pose challenge to big real estate developers over the next 12 months as their cash flows and project execution capabilities get affected, ratings agency Moody's said.
Government-plans-to-shrink-Lutyens'-Bungalow-Zone-by-5.13-Square-Kilometre-
Aug 29, 2015
NEW DELHI: The urban development ministry has proposed to reduce the Lutyens' Bungalow Zone in the heart of New Delhi by 5.13 sq km to 23.6 sq km, which if implemented could free up land in one of the most coveted and expensive residential areas in the country. The ministry has proposed to exclude areas like Babar Road, Bengali Market, Sundar Nagar, Jor Bagh, Panchsheel Marg and parts of diplomatic area in Chanakyapuri that were added to LBZ in 2003. When it was first demarcated in 1988, LBZ spa

Latest Realty News Of State

Realty Talk's