Tag: Bangalore Real Estate News

Bangalore Real Estate Award 2013- Winners Announced

Today’s real estate market is driven by Quality, Design, Architecture, Environment Balancing, Amenities and Technology that the builders are using. Builders and developers are creating a differential mark through proper project management and quality construction.

SiliconIndia in association with Axis Bank & Quadra Software Solutions presents to you Bangalore Real Estate Awards 2013, which is an initiative to identify and recognize the leading real estate industry professionals, who have played a vital role in the growth of real estate sector in Bangalore.

Alexander (Sandy) Moore, CEO of L J Hooker (India), Australia’s largest real estate company, spoke about Bangalore’s current Real Estate scenario while giving the inaugural keynote and felicitated the winners.

These awards are instituted under 12 categories that are intended to encourage infrastructure development, foreign investments in the local bodies and real estate growth and companies especially in terms of innovation, quality, reliability, technology and continuous improvement.

The jury comprised of Siva Kyasa, Regional Director, RE/MAX, Bangalore; Christo Jacob, Managing Editor, SiliconIndia; Dr B. C. Udayashankar, Head of Civil Engineering, R.V.College of Engineering and Harsha Babu KV, the Principal Architect, M/S Harsha Design Associates.

The Real Estate Year Book 2013’ was also launched during the ceremony. Jairam Sridharan, President of Consumer Lending & Payments businesses at Axis Bank did the honour of launching the Year Book. It is a yearly publication and will act as a buyers’ guide and will help them get all the information on the current Real estate industry.

Source: siliconindia Real Estate

Latest Property News on ‘Bangalore’

The high court on Tuesday ordered notice to the government, KIADB and Bangalore Urban DC on a petition filed over two acres of grant land in BKPalya, near Devanahalli.

A high court judge’s son is said to have received Rs 1.24 crore in compensation from KIADB in lieu of the land.
Justice AN Venugopala Gowda also requested advocate-general Prof Ravivarma Kumar and senior counsel PS Rajagopal to assist the court as amicus curiae on the issue, before adjourning the hearing to Wednesday. The judge requested them to enlighten whether the court can proceed against the DC, who is also a quasi-judicial authority.

The court also held that a copy of the petition was deemed to have been served on Phaniraj Kashyap, one of the respondents and son of sitting HC judge K Sreedhar Rao, since it was sent by registered post on August 5. Phaniraj, who filed a caveat, did not appear on Tuesday, which the court took note of.

The petitioners, who claimed to be legal heirs of the original allottee of the land, said it cannot be alienated within a stipulated time. Yet the land changed several hands before reaching Phaniraj during the non-alienation period. When they challenged it, their petition was rejected by the assistant commissioner, following which they moved the deputy commissioner.
The DC initially stayed the assistant commissioner’s order. “Phaniraj approached the DC personally and with influence from his father, succeeded in getting the stay order altered,” they alleged.The land was acquired for an IT park by the KIADB, which awarded Rs 1.24 crore in compensation to Phaniraj, ignoring the petitioners’ objections, they said. PS Rajagopal said the high court has jurisdiction to look into orders passed by DCs under Article 227 of the Constitution, and that the case can be referred to a magisterial inquiry.

Justice L Narayana Swamy on Tuesday disposed of a petition filed by M Raghu, BBMP junior engineer (South), asking the civic body to pass a fresh order in his case.
This was after the court noticed that as against the BBMP commissioner’s directive to suspend him on August 7, the additional commissioner had issued a suspension order on August 6 itself, over 22.88 tonnes of missing iron rods obtained during the demolition of Puttanna Kanagal Chitramandira, as there was no auction or records about storing the same.

Source: WWW.INDIANREALTYNEWS.COM