Showing posts with label bangalore life. Show all posts
Showing posts with label bangalore life. Show all posts

Monday, 23 September 2013

Property values on Magadi Road appreciate by 51 per cent - Dreamz Property review

Dreamz Infra


Bangalore

Magadi Road in the western zone of Bangalore has been a fast appreciating locality. The investors have been able to double their money in a span of just one year. According to the data with MagicBricks.com, the property values in Magadi Road have gone up by almost 51 per cent in the last 12 months. With such rise in prices, Magadi Road has emerged as one of the most appreciating localities of Bangalore in 2012-13.

The average capital values on Magadi Road used to hover somewhere at Rs 4,900 per sq ft in Apr-Jun 2012. However, in Apr-Jun 2013, the prices were recorded to be at Rs 7,400 per sq ft.
Santhosh Kumar, CEO – Operation, Jones Lang LaSalle India, says “Magadi Road has been one of the fastest appreciating localities of West Bangalore, apart from Tumkur Road and Vijayanagar.

The property values here have appreciated considerably in the last one year. This region saw stable demand because of the developing Metro line, which will provide enhanced connectivity.”
Augustine Joseph of Network Ventures says, “Presently, there are several city based developers who are offering residential layouts here. The average prices have mostly been impacted due to the coming up of layouts by ETA Star and Purvankara Developers who have hiked the prices to almost Rs 7,000-8000 per sq ft. However, since most of these developments are towards the city, there are several other areas, farther on Magadi Road, which still offer properties within Rs 800-2000 per sq ft.”
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With a maximum availability of residential plots in the area, many investors are putting their money on stake in hope of healthy appreciations. Currently, the location is connected to the city by NICE Ring Road. In the future, Magadi Road is expected to deliver even higher returns, given the fact that it would soon be connected by the Bangalore Metro.

Magadi Road which starts at Majestic would be connected to the metro by 2016. Apart from that, the development of the commercial establishments on either side of the road is also going to draw more end-users to the market. Currently, lack of social infrastructure and insufficient commercial activities is leading to only investors eying this location.

Monday, 2 September 2013

Urban poor squeeze into cities - Dreamz Infra News Desk

Dreamz Infra

BANGALORE: Behind the glitz and glass of IT City’s high-rises, are a rash of slums, home to at least 25% of the city’s population, which actively participate in its growth and functioning.

Slums are increasing in Karnataka, a highly urbanized state with 37% of its 6.11 crore people living in cities.

Official statistics from the Karnataka Slum Development Board (KSDB) say the state has 2,796 slums housing 40.5 lakh people. As Bangalore grows, the number of slums is increasing, taking the official number from 473 in 2003 to 597 in 2013. Officials say 13.86 lakh of the 84.25 lakh people in Bangalore (16.45%) live in slums. Experts term the figure “gross underestimation” and peg it between 25% and 35%. The urban poor live on government, private and railway lands. Most slum dwellers work as drivers, domestic helps, cooks, construction labourers, vegetable and fruit vendors, watchmen etc.

Bangalore is followed by the relatively under-developed Hubli-Dharwad with 105 slums, and heritage city Mysore houses 81 slums. Mangalore, however, is an exception with the least number of slums, and even those have basic facilities.

Experts say Bangalore has many temporary and scattered slums, which are hardly counted by officialdom. These include migrant workers living near construction sites, and other poor sections flowing into the city.

Issac Arul Selva, convener of Slum Jana Andolana, said: “The official figures are a gross underestimation. About 50% of the city’s population lives in single rooms, and can be classified as the urban poor. Many servants live in cars and houses of rich people, but are not counted.”

Kaveri RI, neuroscientist and member of the People’s Democratic Forum, has a word of caution. She said: “Demographic shifting of the rural population to urban areas and zero planning by the government to control migration to urban areas is leading to an increase in the number of slums. If the government fails to plan now, the poor have no choice but to live on the streets by 2017.”
Dreamz Infra

            Aphenomenal  increase in realty prices is also leading to the mushrooming of slums. Even the government’s low-cost housing is unaffordable. Bangalore Development Authority, which is building flats for the poor, issued a notification on October 12, 2011, to construct 13,172 flats in 13 places on the city’s outskirts. It fixed Rs 7.5 lakh for a two-room flat, drawing a poor response.

Former Hubli-Dharwad Urban Development Authority chairman Lingaraj Patil blames vote bank politics. “Many politicians help in the formation of slums for the votes,” he said.

http://timesofindia.indiatimes.com/city/bangalore/Urban-poor-squeeze-into-cities/articleshow/21945490.cms

Monday, 29 July 2013

"Illegal realty Encroachment" thrives as law fails to rule out "Land mafia Terror".

Land rates have gone through the roof, and goons have found an easy way to make pots of money  encroach upon the site, demand a ransom to vacate it.

Radhakrishnan Nair (name changed), an NRI from Bangalore residing in the US, recently purchased a site at Ramamurthy Nagar for Rs40 lakh to build a house after his retirement.
But within a month he received a call from his friends in Bangalore informing him that someone had encroached upon his site and fenced it. A worried Nair rushed to Bangalore to find that the site had indeed been encroached upon. With great difficulty, he managed to contact the people who claimed the site’s ownership.
They told him the site belonged to them and even showed some documents to prove their claim. 
But the documents were found to be fake since the name entered as the first-party, shown as the seller, was wrong. The people who showed Nair the documents admitted the discrepancy, but demanded `6 lakh as settlement money for returning the site to Nair and assured him full protection from other encroachers.
“They told me that I can go to court, but will have to spend a huge sum of money and many years to get back my site,” Nair said.
“They said police won’t be able to help me since this is a civil dispute. Since I did not have the time and energy (to fight a court case), I agreed to their demands and paid them money. Since then, I have had no problem as the encroachers have become the protectors of my property.”
Nair’s case typically demonstrates how the land mafia functions in Bangalore. The much sought-after outlying areas - like Ramamurthy Nagar, Devanahalli, Doddaballabur, Yelahanka, Bommanahalli, Hosur Road etc - have become hotspots of property development on which the land mafia has maintained an eagle’s eye. If they don’t harm you, they will milk you financially by promising to protect your property; in worst case scenarios, they grab the land that legally is bought by the citizens with an eye on future development to retire in an independent house in peace.
Many times a citizen even decides against approaching the court fearing huge costs and the time taken to clear the case.
If your property is on the radar of the land mafia, there is hardly a way out.
Sources in the police department say many non-resident Bangaloreans with properties in the city are facing a similar problem.

Police helpless
Police, who admit to the existence of the racket in and around Bangalore, are helpless as the offence comes under civil disputes and the aggrieved parties have no option but to approach the court.
Additional commissioner of police (law and order), T Sunil Kumar, said that as per the 2008 guidelines, police have no reason to intervene in civil disputes unless a crime is committed. However, taking note of the fact that members of the land mafia may exploit this to further resort to encroachment, Kumar said the police have been asked to keep an eye out on such people and take stringent action under the Goonda Act if they indulged in such acts.
“We know such rackets exist,” a police officer from the east division, the hub of such activities, told DNA. “So, whenever we come across such incidents, we book them under the Goonda Act. But the problem is that people are afraid to file complaints against such goons (as they do not want to antagonise them) and agree to pay them protection money to resolve the issue at the earliest.”
Earlier, the police handled such cases, but the station in-charge officers virtually became mediators in settling the property rows, leading to more corruption.
Way out for mafia
In another case, a gangster from Bangalore South recently threatened a city-based businessman-cum-whistleblower, Farooq Mueen - who helped the Lokayukta nail KGF MLA Y Sampangi in a bribery case - after he tried to help his friend whose land had been encroached. “My friend’s land has been encroached,” said Mueen. “When we approached police, they suggested we go to court since it was a civil matter,” he added.
“On the other hand, the goons have been telling me to stay away from this and calling my friend to approach them for a settlement.”
Taking a note on this, the former police commissioner Ajai Kumar Singh had issued a circular to policemen not to get involved in civil disputes.
But although corruption declined on this front, several gangs, influential people and politicians started to resolve civil disputes as out-of-court settlements, milking the involved parties financially.
Senior police officials said the prevalent system has allowed several ways out for the land mafia, based on their nexus with powerful politicians. If there is a fear of the law coming down hard on them, they foresee an alternative way - what they call out-of-court-settlement - and exploit the parties to benefit themselves the most.
Problem’s root 
The fountainhead of the problem is the real-estate boom and the surge in demand for housing, residential sites. These have become vulnerable to encroachment or even re-sale - without the knowledge of genuine owners/buyers.
The middle class people are the most vulnerable to the operations of land mafia. While Mumbai and Dubai-based underworld dons, whose henchmen were active in the city about a decade ago, used to target vacant land at prime locations, the current land mafia - mostly local land sharks - is eyeing developing areas mainly on the outskirts of Bangalore.
For example, take the case of Maruthi Layout near Chinnappanahalli. The landlord had formed a ‘layout’ and sold all the sites a few years ago. “We bought the residential site five years ago,” says S Subramaniam, a software engineer. “We wanted to commence the construction work, but in vain. He (the landlord) is demanding more money on some pretext or the other. He is asking us to sell the site to him at a price fixed by him. We are not in a position to fight him.”
Buying residential sites owned by joint families has its own hazards. For example, many people who bought sites at A Narayanapura, are being harassed by landlords from Kaggadasapura. “They keep quiet till the site owners commence construction work,” said K Ashok, a real-estate dealer. “They create nuisance at the site if the owners refuse to pay money to them. They claim that the site belongs to them. It has become a business for many people not only at Kaggadasapura but also KR Puram, Ramamurthy Nagar and other areas.”
Recently, more than 100 people residing at a layout near Devasandra were denied access to the main road by the landlord of an adjacent layout. The landlord even damaged the road laid by Bruhat Bangalore Mahanagara Palike (BBMP).
Now residents have to depend on the mercy of the landlord since the person who sold sites to them is now not interested in coming to their aid. “We have become scapegoats between the two landlords,” said a resident on the condition of anonymity.
Mafia effect
Riding on the real estate boom due to the prospect of land rates going up in outlying areas where colossal infrastructure projects are on the line, even established and reputed companies have been found to be allegedly involved in grabbing of land.
Recently, Kirloskar Systems Limited, a city-based leading real estate company, has been accused of grabbing 10.3 acres of land belonging to a backward class family in Hebbala village on Bangalore north division. Sixty-year-old Muniyappa, a resident of Ramachandrapura, Harijan Colony in Yelahanka, has filed a complaint with the Amrutahalli police alleging that the company chairman and other board members of cheating, fraud and forgery on Saturday.
Muniyappa, in his complaint, said the 10 acre and 39 guntas of land at survey number 71, is ancestral property which was granted to his grandfather by the state government. The family is since then using the land for the source of their income and even the land records including Moola Hakku book (the title deed) and relevant documents have mentioned the name of the family members as the land owners.
The incident came to light when Muniyappa went to the jurisdictional sub-registrar office for some work, and found that the company has created and executed a sale deed and even got the land survey done.  The company later got the fresh records claiming that they are the owners of the land, Muniyappa said.
The land in question has neither encumbered in anyone’s favour nor the family executed the sale deed to anyone’s favour, he said in his complaint.
Muniyappa approached the SC/ST legal cell seeking advice and while the matter is pending, the company tried to dispose of the land, after threatening the family members with dire consequences to force them to vacate the premises, Muniyappa alleged.
When Muniyappa approached the jurisdictional police, he was sent back with an advice to go to the court since it’s a civil dispute.
Based on the advice of the police, Muniyappa approached the city metropolitan magistrate who directed the jurisdictional Amrutahalli police to investigate the case, and submit a report


Tuesday, 23 July 2013

Remodeling of kitchen - A New Technology By Dreamz Infra


Kitchen remodeling and designing needs good planning and patience.  It includes taking a few decisions that will help one to make them comfortable while cooking.  If one uses the kitchen fully, then they will need a scheme which includes larger cabinets for groceries, cutlery and crockery. For better maneuvering around the kitchen and doing the actually eating, all the kitchen utensils should be placed strategically.

http://www.dreamzinfra.com/flats-in-bangalore/dreamz-swadesh/

 More Designs for Height adjustable kitchen Click here
“L” shaped kitchens provide more work space and storage area, walking distance is minimized and corners of the kitchen can serve as the dining area.

“U” shaped kitchens on the other hand have the most work space and storage area, and less floor area.  If one is having good sturdy and spacious kitchen cabinets, then they could simply freshen up there look with a coat of paint or may be with new cabinet doors.

They should start by choosing the right colour for their kitchen cabinets; the key is to stick to one colour theme.  A predominantly neutral kitchen would also have a few splashes or colors in the form of new cabinets or new model appliances.
One can opt wooden flooring for homier and warmer feel, or they can completely get custom ceramic tiles for practical and functional kitchen flooring and counter-top.

Dreamz Infra has also accustomed this custom kitchen design for the flats, considering Indian women and their age old trouble while cooking. Back pain for the same is not a new trouble which they have been acquainted all long.
Considering all the facts and a need to change the conventional kitchen design, Dreamz Infra has incorporated Height Adjustable kitchen floor technology. Were the kitchen floor would have height adjustable mechanism for easy kitchen top access and taking the cooking experience to all new level.
dreamz Infra
Height Adjustable Kitchens By Dreamz Infra
 More Designs for Height adjustable kitchen from Dreamz Infra Click here

Thursday, 13 June 2013

Cost Of Living in Bangalore - OMG!!!


Cost Of Living
Rent Per Month
Min-Maximum
Rent Per Month
Average
Apartment (1 bedroom) Centre of the City
Rs  11,500.00 
Rs 8,000.00  to   14,000.00
Apartment (1 bedroom) Outside city (10KM+ radius)
Rs    7,000.00 
Rs 5,000.00  to     8,000.00
Apartment (3 bedrooms) in City Centre
Rs   30,000.00 
Rs  21,000.00  to 40,000.00
Apartment (3 bedrooms) Outside city (10KM+ radius)
Rs   18,000.00 
Rs  13,000.00  to 22,000.00

Buy Apartment Price
Average
Price per Square Meter to Buy Apartment in City Centre
Rs   77,673.69 
Rs 55,000.00 to 107,639.10
Price per Square Meter to Buy Apartment Outside of Centre
Rs   37,673.69 
Rs 32,291.73  to  43,055.64

Salaries And Financing
       Average
Median Monthly Disposable Salary (After Tax)
Rs   35,000.00 
Rs 25,000.00 to 50,000.00

The data  (nubeo’s reference) is what we are spending every month, Most of the people will agree with this.

If this is the situation most of us have to just dream about our own house or flat, because we cannot afford for it.
Here we are helping people to find a very good flats at 40% less than the market price,
Dreamz Infra Bangalore are selling flats on this rate.
Book yours to avoid paying reason-less Monthly rent, All must have thought about it but now is the right time for the action.

Here are some links where you can find more info on the same




Read More about Bangalore Property News: CLICK HERE


Read More on Dreamz Infra Bangalore: CLICK HERE

4 Points to remember before buying flats: CLICK HERE

3D view of some amazing Flats by DREAMZ INFRA BANGALORE: CLICK HERE

For Dreamz infra Reviews please: CLICK HERE