Is Dreamz Infra Fraud? – The Real Insights

There have been comments, opinions and bad reviews as well stating that Dreamz Infra is fraud and are a bunch of cheats. We really do not know who posts such comments and for what reason. Neither do we understand the purpose or the motive of these people. What we can understand is that Dreamz Infra is the only company in Bangalore where in spite of the land and the costs of the apartments going sky high it prices the apartments at just Rs. 10lakhs as the starting price. It is true that we have sold flats and apartments at even lower prices than that as well. Undoubtedly you won’t find another company doing it. The reason is that Dreamz Infra is bold enough to face the adversities of the market and empathize with the middle class and keep the prices as low as the Tier II cities and price its apartments. The company had been incorporated with this intent and this has been the fourth year of its operation. It’s not that nothing has been achieved. Already four complexes of apartments housing more than four hundred people have been handed over possession. The names of the complexes of apartments are Om, Namah, Shiva and Suvidha located at the best of the places amidst all infrastructures and with all luxury amenities. But mind you the prices at which they were sold were just Rs. 10 lakhs or even lower as the quoted starting price. Don’t you think it’s pretty unimaginable in a market like Bangalore where most of the apartments were earlier high priced due to the higher purchasing power of the population of Bangalore. But who would think about the large population earning around Rs. 25, 000 per month and paying a rent of Rs. 8000 per month. This is what Dreamz Infra dared to do forgoing the profit motive and still supply apartments and homes at the least of prices.

We admit that there are follies and working in this system as you can see that there are so many complaints for small things on the internet and thus these are being circulated either with purpose or may be few of the customers are not so happy because of delay of approvals or other things. Let us tell you the revolutionary always quietly does things and brings the revolution and positive change in the society. In doing that many interests are being impaired and many objections do come flowing in and then they start to curb you and destroy you. This is the same thing that’s happening with Dreamz Infra India Limited and its noble effort is being tried to be demeaned. 

We wouldn’t say that you have to overlook such comments and blindly believe us showing our achievements. But we will definitely request you to keep your eyes and ears open and intelligence sharp to understand the situation and not only gauge your position but ours as well. If you talk of delay do you think that if you pay five times the amount that Dreamz Infra charges you, there won’t be any delay? Just read the reviews of the famous developers of Bangalore and the country and you will see the same bad remarks or even more. You will see that delay also happens in their case as well where they have charged crores for one single flat. They are not to blame as the market conditions, environment and the legal framework that they work in makes them compelled to behave in this manner. There are instances of famous and reputed developers where a project is delayed more than 6 or 7 years. But if you see in four years Dreamz Infra has completed four projects and more than ten are on the way of completion. We assure that they will be completed soon. 

We regret from the bottom of our hearts for any slightest inconvenience caused and we hope that with the regulations coming in the market things will improve and we will also be able to manage better. But as always the Customer is the King and it is for you that we have started to build houses as examples that apartments can be built at unbelievably low prices. This had been raising eyebrows and still few are there who are skeptic. 

That is the reason we have a procedure where the prospective customers are being given a choice to talk to the land owners and the previous customers to find out the reality of the project and the company as well. We also detail about the status of the approvals and how long it can approximately take in completing the project. Even after so much of effort if one gets influenced by these bogus comments and reviews the choice is theirs. All that glitters is not gold and at the same time you need to make hay while the sun shines. We wish you all the best in your home searching and shopping endeavours.

Dreamz Infra UGADI Special Offer on Flats / Apartments in Bangalore

Dreamz Infra is one of the popular Real Estate / Residential Construction Company in Bangalore. As UGADI Festival is most popular in Karnataka, Dreamz Infra is providing UGADI special offer with 20% additional discount and chance to win a Free Flat. HURRY! If you are looking Flats / Apartments for sale in Bangalore login to www.dreamzinfra.com

Happy UGADI to All

Watch our existing customers Videos and Reviews on Official YouTube Channel Dreamz Infra Review

Dreamz Infra in JUMBO Home Fair 2

Dreamz Infra is participating in 'JUMBO' home fair at Silk Board. This JUMBO home fair is conducting by FlatsDeal. Dreamz Infra will be having big stall at home fair. For all Bangaloreans, Dreamz Infra is offering half price sell on this home fair. If you're looking for 'Flats for sale in Bangalore' attend this home fair and book your dream home from Dreamz.

JUMBO home fair is on 15th and 16th March'14

To check with our existing customers please watch their reviews at Dreamz Official YouTube channel 'Dreamz Infra Review'

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LinkedIn: http://www.linkedin.com/company/dreamz-infra-india-pvt-ltd

Dreamz Infra India in FLATSDEAL Home Fair

Dreamz Infra India Ltd is participating FlatsDeal home fair on 8th & 9th Mar'14. Book your dream home from Dreamz on this grand home fair.

Dreamz-Infra-India-Home-Fair

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Dreamz Infra Home Fair Mar'2014

Dreamz GK Infra is giving big discounts on all of their projects through home fair. The home fair is conducting on 1st & 2nd Mar'14. Book you're dream home from Dreamz GK Infra India Ltd. For Dreamz GK Discount prices, please visit home fair at silk board on above dates.

Dreamz Infra Home Fair

Please visit Dreamz YouTube Channel "Dreamz Infra Reviews" for customer feedback.

Not able to pay home loan EMIs? Here is what you can do

Having a house is lot of basic necessity instead of luxury now days. To not to miss the necessities home loans have been planned. Once the loan is given, the bank starts expecting to pay back the EMI’s each month till the loan period. Everything will be fine till the home loan EMI is paid on time. What incase if you stop paying due to losing the job or any medical emergency. This article will inform you about options when you stop paying the EMI.

Skipping EMIs may consider you as a loan defaulter.
If one EMI is skipped in that case bank will not consider you as a loan defaulter. If you skip EMI’s for three consecutive times than the due reminder will be sent. If there is no response from your end than the legal notice will be sent by the bank. Then you will be termed as a loan defaulter.

What happens if you become loan defaulter?
Once you become the home defaulter, the bank will start the procedure of acquiring over the property. They will arrange the auction to sell the property and from that they will recover their due amount. If any action should be taken it should be taken before the auction. If the credit score hit than you might not be eligible for loans in future. This may be the worst thing which may happen to you.

Options to be considered during this situation.
The best choice is to negotiate with the lenders upon this. Banks may speak to you based on this issue rather than the procedure of acquiring the property. You can show the past documents of the EMI payed all the clearance documents of the previous loan. There are few more options.

• One can ask the bank for the grace period to continue the EMI payments. You can explain the bank the reason behind not paying the EMI may be loss of job or business etc. Bank may give the grace period for recovering EMI payments with some penalty.
• Loan Refinancing- In some cases the interest rates will increase and the individual may not be in a condition to pay the EMI. In such cases you can speak to the bank to refinance or restructure the home loan. They may increase the loan period due to which the EMI will go down.
• Counseling Centers- They are many counseling centers who help you with this problems. Based on the situation they will they will give the correct options. They will give u the correct information on the things to be followed.
• Liquidating your investments- If any of the above options do not work than this can be considered as the final step. One can liquidate the existing investments like deposits or mutual funds to make EMI payments. This amount can also be considered to make part payment, further going which will reduce the EMI.

To avoid these things, you should see to it that you have to at least 5 to 6 months of expenses are kept aside as an emergency fund.

Sankranti Wishes - Dreamz Infra India Ltd Reviews

BDA and BMRC under Legal Scanner

The BDA was directed by Justice AN Venugopala Gowda to conduct a survey on illegal constructions in TG Halli Reservoir Catchment limits Zone 3. Twenty-three villages would be subjected to investigation. Acting tough on the BDA, Gowda strongly expressed concern on failure to issue notices regarding such unauthorized constructions.

Citing violations of law by BDA, Gowda also pointed out that prompt action on BDA’s part would have prevented 137 units that came up in the area since 2013, despite a 2003 notification on the issue. The judge criticized city’s town planning authority in harsh words and seem to be keen on tackling illegal constructions.

This should be considered as a vital move in a city where illegal constructions have so far remained a significant concern. The court was straightforward in stating that the Government failed to deliver satisfactory results in the last decade when it comes to such illegal buildings.

December 14, 15, and 16 are the assigned dates and BDA does not have much time as the last date for submitting the report is December 17th. Also, two days are holidays. But, the court observed that authorities would not find it tough to conduct the survey on holidays. Also, to make things easy, the court has asked for 23 separate teams instead of a few teams, thereby one team of experts would get to analyze a specific village.

Yet another noteworthy development in relation to recent reformative activities is that the BMRC, Bangalore Metro Rail Corporation, has been asked to submit detailed information on its Namma Metro Project’s workmen, contractors and sub-contractors.

This move is in order to prevent further violations of labor laws and construction norms. Previously, there have been instances of such violations by the people involved in Namma Metro Project.

The court was informed that further improvement is needed in these areas in terms of labor and living conditions.

The court took action after hearing the arguments based on a petition stating unlawful working conditions for Namma Metro laborers. The PIL was forwarded by Sathya Samuel, a social worker.

The ruling came in last week by a division bench lead by DH Waghela, Chief Justice.

Meanwhile, BMRC informed the court that there are nineteen chief contractors and about 4,500 workmen on project site, and also that all laborers were supplied ID cards. Also, the official reply pointed out that all the accident or any untoward incidents happened were promptly recorded.

Dreamz Infra India 2013 Year's Last Home Fair

Dreamz Infra India Offering this year last home fair on 22nd Dec'13. Go through the below ad for more details about home fair.

In Bangalore realty market private equities exists healthy profits

The countries IT capital continually encourages investors with over a return of 20% on their investments even in these tensed periods. Here’s why Bangalore is the prime draw for institutional investors in India’s realty market.

A PE research note, shared by international realty consultants Vestian Global, indicated that Bangalore accounted for total of nine investors; five exists in the April to September period, providing them an approximate 23.5% of internal rate of return.

All exists related to residential developments, in the southern metro desired a stable end user driven market.

One of the prudential company clocked the maximum IRR of 27% in the quarter of July to September, it’s been developed by one of the southern real estate developers from its investments in two projects. In the same time, the fund had moved from its investment in a residential township which is being developed by urban developers in Pune, with a 20% of IRR.

One of the company as per Vestian’s research note, a premier Bangalore based developer has moved from its investments.

One of the CEO of real estate research firm stated that in respect to sales and supply of residential units Bangalore has been the most productive metro in the country.

The NCR and the Mumbai Metropolitan Region have residential supply inventory which will be finished in the next 48 months. For the next 30 months Chennai has a supply inventory, whereas Bangalore’s inventory is expected to cover within the next 15 months.

This year January, one of the global investor got its first profit from the Indian real estate market riding on durable sale of luxury apartment in Bangalore. The company exited a joint venture with one of the southern developers with a total profit of 30%, and annual return on 42% of investment topping in just 18 months.

Residential Market of Bangalore recorded double digit consecutive growth every quarter, in fiscal 2013, compelling a residential space of total 19.14 million sq. ft. The average per sq. ft. cost of residential units grew between 3% and 7% in the same four quarters, at an average of Rs 3,954 per sq. ft. at the end of fiscal 2013.

Property values stabilise due to oversupply in Thanisandra, Bangalore - Dreamz Review on Bangalore real estate

Bangalore

Thanisandra, a locality in the Northern zone of Bangalore, has lately been witnessing stable property values. According to the city-based consultants, currently, Thanisandra has an oversupply of stock and there are many units which do not have any takers. As per the data with MagicBricks.com, the capital values in Thanisandra dropped by almost 15 per cent in the Apr-Jun 2013 quarter as opposed to the consistent rise of 5, 15 and 4 per cent respectively in the Jan-Mar 2013, Oct-Dec 2012 and Jul-Sept 2012 quarters.

Several projects were launched in the beginning of 2012, as it was believed that the values would rise as the projects neared completion. Avinash Rao, regional director – South, Knight Frank Pvt Ltd, once commented in MagicBricks.com’s PropIndex that, “Thanisandra witnessed several launches in the Jul-Sep 2012 having low prices. These are expected to rise once the projects take-off.”

A part of what Rao said did happen. The prices rose in the subsequent quarters but they dropped considerably in the Apr-Jun 2013 quarter, indicating that the area could not absorb the number of units that were being produced. Supporting this, Hemand D Rawal, director of Samruddhi Realty says, “Currently, Thanisandra faces an excess supply, as there were a number of new launches, especially in the mid-income category, and this led to a drop in capital values.”

Another reason hampering the growth of property values is the proximity to other preferred residential locations such as HBR Layout, Hebbal and Nagawara. These locations also offer properties in the range of Rs 3,500 and Rs 4,000 per sq ft. Rakesh Nathan of Property Estates says, “The overall housing demand in Thanisandra gets shared between the other nearby localities. Since, these offer properties within the same range, along with a well-developed social and physical infrastructure, there is nothing special that Thanisandra offers to attract buyers.”

Source-TOI

Land Acquisition Bill may push up property prices by 30% - Dreamz Infra reviews on acquisition Bill

 Real estate developers say the passage of the Land Acquisition Bill could push up property prices by as much as 30% in projects where land is yet to be acquired.

The Bill, passed by the Lok Sabha recently, aims to provide higher compensation of four times the market value for land sold in rural areas and twice the market value for land in urban areas, among other benefits to landowners.

While developers agree that the Bill will increase transparency in land deals, they say the higher compensation to land owners could make several real estate projects unviable. While large projects of over 50 acres will become difficult to execute, even prices of smaller parcels of land that do not come under the purview of the Bill could double, they add.

"The process of acquiring land for projects will become tedious, especially in the case of large land parcels," said Lalit Kumar Jain, chairman of Confederation of Real Estate Developers Association of India.

Developers say the worst hit could be lowcost and budget housing projects. "The idea of low cost housing was to get cheap land. If land prices shoot up, so will the prices of the finished product," said Niranjan Hiranandani, chairman of Mumbaibased Hiranandani Group.

The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012, will replace the Land Acquisition Act of 1894. It needs clearance from the Rajya Sabha and the President to become law. Besides ensuring fair compensation, the Bill says that land acquisition for public private partnership (PPP) projects will require the consent of 70% of the landowners while private projects will need the consent of 80% of the owners, conditions that will leave little room for forcible acquisition of land. The Bill also says that if the land is sold to a third party, 40% of the profits will have to be shared with the original owners.

According to the Bill, affected "families" would include farm labourers, tenants and workers who have been in the area for up to three years before the land acquisition. Such persons will have to given a job or compensation of .Rs 5 lakh, an allowance of.Rs 3,000 a month for a year, besides other allowances as part of the rehabilitation and resettlement (R&R) package.

This means that a private company acquiring land will have to first seek the consent of 80% of the land owners before approaching the government to acquire it. Once cleared, it will have to offer an R&R package, too.

One of the amendments to the Bill allows a buyer to leas land, instead of buying, as suggested by BJP leader Sushma Swaraj. "For the real estate industry, the addition of R&R component will be a big financial burden," said Sanjay Dutt, executive managing director of South Asia at Cushman & Wakefield.

The Bill has drawn protests from developers, who maintain they always ensure full consent of the seller in any land deal. "A willing buyer and a willing seller should be exempted from the Act, as in such cases there is always 100% consent and the best market price for the land is paid," said Rajeev Talwar, group executive director at DLFBSE 2.89 %.

"Going through the government compulsorily will only add to the cost and time taken and will put unnecessary burden on the buyer. The government should rather make it easier for the private sector to operate." To insulate against any increase in land price, several developers have adopted the joint development model, where landowners and developers share profits as well as risks.

For developers, the cost of land is expected to increase significantly, impacting project cost and margin.

Source:EConomictimes

UB Towers, Raj Bhavan Road flats are costliest in Bangalore - A Review By Dreamz Infra

BANGALORE: Your dream flat in Bangalore’s tony areas is set to leave a bigger hole in your bank account.

The new market-based guidance value for property registration came into effect on Monday, pushing up the land cost by 30%-50 % in 90% of Bangalore city areas to 100% in the rest.

UB Towers on Vittal Mallya Road is the most expensive property in Bangalore, followed by Raj Bhavan Road, Commercial Street and Sankey Road.

The value of the property at UB Towers has been pegged between Rs 20,150 and Rs 20,350 per sqft. And properties on the outskirts of Bangalore North taluk cost about 1% of that – Rs 250 per sqft, making them the cheapest in the current revision.
The revision is expected to increase the government’s revenue by Rs 1,500 crore, taking it closer to the Rs 6,700-crore mark in the 2013-14 financial year.

For the first time, the registration of houses and villas in the gated neighbourhoods has been included with the guidance value that ranges between Rs 500 and Rs 1,000 per sqft.

Guidance value

Revision likely to curb black money

The final values have been published with minor changes, based on feedback from citizens, said Adoni Syed Saleem , inspector-general of registration and commissioner of stamps.

An officer in registration department said: “The revision will help augment our revenue collection, and curb black money in property deals.”

N Manjunath, a realty dealer in Yelahanka, said: “The revision is expected to have a negative fallout in the initial 3-4 months and property registrations may slow down.” The revised guidance values of properties in BangaloreRural and Ramanagara districts have also been published.

What’s new?

The revision will apply to villas, apartments and gated communities. Geographical Information System was used for the first time to determine areas that have witnessed a growth in the number of apartments. Revision has been based on locations / type of construction /amenities provided etc. The lowest value per square foot is Rs. 250 and the highest Rs. 20,350 per sqft

Effect of the rise

Property values will go up by around 30-50 per cent. Low and middle income groups will be discouraged from buying property. Developers will, naturally, load the increase on the buyers.

http://timesofindia.indiatimes.com/city/bangalore/UB-Towers-Raj-Bhavan-Road-flats-are-costliest-in-Bangalore/articleshow/21793314.cms

Reviews on Falling Private Equity investments in Indian Real Estate

Private equity (PE) investments in Indian real estate fell 46% to about $276 million (Rs.1,638 crore) in the first half of 2013 from a year earlier, but funds worth $2 billion are still available to be deployed in the sector, property consultant Cushman and Wakefield said in a report.

The decline in investments was due to a drop in the number of deals struck during the six months—13 against 19 in the first half of last year—as the average ticket size has remained at $40-50 million, said the report. It blamed the decline in transactions on the slowing economy and the steep depreciation in the rupee, among other factors.

“Despite a slowdown in the construction market and reduced number of investible projects in India, real estate features as the fourth-most invested sector by private equity funds in the latest report,” said Sanjay Dutt, executive managing director South Asia, Cushman and Wakefield. “It has traditionally been one of the most preferred investment categories on account of buoyant demand for real estate.”

He estimated that about $2 billion is ready to be deployed in the Indian real estate sector.
“Investors are willing to invest in real estate; however they are exploring the market for right real estate projects,” Dutt said. “We anticipate that in the next few quarters, after some regulatory and politico-economic environment are regularized, the momentum in real estate will pick up throwing open more investable options for the investors.”

The total value of investments in the residential segment fell 48% to $156 million in the first half of 2013, and by 37% to $118.1 million in the office segment, the report said.
So far in 2013, the highest value PE investment was $131.6 million in Pune, followed by $67.5 million in Mumbai, $38.8 million in the National Capital Region, and $16.9 million in Bangalore.

Source: http://www.livemint.com/Companies/58gr6oLDdAj2GeqoXE2UbJ/Private-equity-investments-in-Indian-real-estate-fall-46-in.html

Dreamz Infra Social Media Reviews - A trend towards Revolution

Social Media has emerged as an trusted and cost-effective medium to sell properties thanks to the recent slowdown in demand, real estate developers have accepted this new medium with open hands.

Big names like godrej properties, puravankara group, that housing are the names who have switched towards social media over the traditional medium to market their projects, which has also led to a overall reduction of the mass-media marketing cost by over one-tenth of the total cost. Social networks like Facebook, twitter and youtube are the most prominent medium. This new medium has seen success due to the increase in smartphones users and more NRI investment on properties due to the rupee depreciation against dollar in recent times.

Tata Housing has been an major example, one of there projects in Pune named La Montana generated one-fourth of the sales was affirmed by the leads generated by a Facebook Campaign, the make it more funstional they even offered buyers a chance to experience the La Tomatina festival in Spain this August. A spokesperson of Tata Housing development Company said " We have fosused on Social Media with a broder prospect, aggresively imroving there social presence with over 25% of annual budget allocated to social media".

Bangalore-based Purvankara Group, which has hired specialist agency Yrals to manage its online activities, too plans to significantly increase social media share in its marketing spends from the current 10%, its CEO Jackbastian K Nazareth said.

The company recently had run a social media campaign, named Breakfree, where they offered waiver on Booking amount, pre-EMI, floor-rise prices and loan processing fees - adding up to Rs 62 lakh - special attractions for the users booked through their social media platforms.

Big names such as Mahindra Lifespaces, Lodha group and Shobha developers have already adopted the social media trends for brand building, employee engagement and to address enquiries from potential buyers.

Dreamz infra has also followed the suite of social media propagation in the recent times  and have active interactions and quality information posted on major social media platforms such as Facebook, Twitter, Linkedin, Youtube, Slideshare, blogs, etc...

Prefer residential greenery to soothe your senses ? Dreamz Reviewed Tips

A vegetable garden can definitely contribute to your inner peace. Once the environmental growth parameters (sunlight, water & soil) are adjusted to their optimum, you can choose between a germinated sapling and a seed based upon your gardening expertise. Nevertheless, on your first attempt, the crops that can leave you satisfied to the core are “the fast growing” radish, “the foliage exhibition” of lettuce and spinach, “the versatile” onion & “the spice king” garlic…… These easy-to-grow frequent harvests can add to your heart content by crediting nutritional values to your salad recipes.

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A Vegetable Garden at home infographic

Is Your House 100% Vastu ? Here are some ways to eradicate the Negative Energy

Vaastu Shastra

Here are some ways to ward off negative energy from your home:

Vastu Shastra is depends on the 8 directions of the earth’s magnetic field.

Most of us know that Vastu means Directions to live, but it is not! Now a day’s people in city or most educated people follow vastu system (vastu Shastra).

Even though we are born with good horoscope, our lifestyle and many other things are dependent on the House where we stay, so we are concerned about Vastu.

What's Vastu all about ?

The main Direction is EAST - the house should be east facing, it is just a logic that the morning sunshine should enter the house, and Sun's Energy has the power to cure the most of the skin diseases!

Points mentioned below looks simple or silly for many of us but practice them properly; you will find some change in your life in short time!!!!

·        Get up early in the Morning at least by 6.30 AM

·        Clean the House (sweep and mopping) don't depend on your Wife (help your wife everyday so that she will feel happy and the whole day of yours will be cheerful).

·        Open Up curtains full and clean up the mats every day.

·        Don't keep used Towel on Doors, chairs or on Sofa (It causes for Loan or loss on financial matter),

·        Keep the toilets Clean – use Phenol or Dettol.

·        Use washed Clothes everyday and never use torn clothes.

·        Play a Lite Music / mantras at home (Morning and evening) like Vishnu sahasra Nama, daily chant mantras.

·        Have food with all family members every day – most of the times, whenever possible.

·        Talk nicely with Kids and make some funny moments there.

·        Have a positive talk every day with wife/husband and with your parents too, don't just say Bye to wife and go!

·        Never keep any rooms unused (dark or with no light) for longer time.

·        Try to accommodate an Aquarium 

Advanced Methods to ward off Negative Energy:

·        Keep Salt in a Teacup in all the corners(4 per room) of the House (Change every week once) – Don't use powdered salt and use paper tea cups (Small) and fill salt 75% of the cups.

·        (When changing the salt - collect all the salt in a tumbler and pour it to toilet or bathroom (Do Not use or reuse the salt).

·        Put some posters in Hall (currency posters).

·        Don't keep Mirror in Bedrooms, If you have already cover with clothes in nights.

·        Main Door –Door mats should be RED Colored – put one at outside and one inside.

·        Put an Om symbol (or Swastik) on main door (stick a gold colored symbol).

·        When doing Puja use Bells (Big bells).

Points are many, but the most important part is to follow it studiously. we will come up with more significant Do's & Don'ts for vaastu in our further posts.

Keep following us, for more insight on the same. More detailed manuscripts can be obtained, feel free to share your comments & reviews.

What is "A" KHATHA and "B" KHATHA - find the differences

For thousands of Bangaloreans residing in the new BBMP areas, a legitimate document that proves they own their property is a matter of utmost importance.

Interactions by Deccan Herald with a cross section of people from these areas brought this out forcefully.

Srinivasan has a property near Hosur Road which was a gift from his father. “I am nearly 40 years now and waiting for the government on its stand on khatas. How many more years should one wait?” he wonders.
The area, where his property is located, was originally under the jurisdiction of the grama panchayat, before it came under the jurisdiction of Bruhat Bangalore Mahanagara Palike (BBMP) limits. But after four years, Srinivasan still has the documents of the panchayat days.

He has heard about the ‘B’ khatha, but does not want to apply for it because of its ambiguous nature. “It would be better that I directly get the A-khata and be sure and secure about my property” he says.

There is a great deal of confusion on the Khata itself, because the “B” Khata is actually an entry in a property identification register. The “Khata” is also a misnomer, as stated by the BBMP Commissioner, Siddaiah himself. No wonder, the property owners are a worried and anxious lot.

Compounding the confusion has been the eagerness of many BBMP personnel and middlemen to cash in on the “B-Khata” craze. There are several cases of bribery by people wanting to get properties registered through these khatas. Many have fallen into this trap. The cost of a document as proof of an entry in the B-Register (which is actually not a khata) has been fixed as Rs 110, but there are many residents who have paid much more.
Take for instance Lakshmanappa, a 65-year-old who owns a property in Kengeri. He had to go through a plethora of hardships to finally get that promised document, which he still thinks is an alternative for a khatha. “I had to shell out Rs 12,000 at the BBMP office and then again Rs 4,000  at the Sub-Registrar’s office. Even after paying so much, my registration was done only after four months,” he recalls.

Lakshmanappa knows that his ‘B-khata’ does not entitle him to his property and that it is just an acknowledgement for the property tax he/she has paid to the BBMP. “Well, something is better than having nothing”, he says.

Although the BBMP officials wouldn’t admit it, the bribery is an open secret. Salim (name changed) who stays near the Old HAL Airport, having heard about the “‘B’ khatha,” wanted one for his property and tried to get a middleman to do the job. “The agent said he could do it for me for Rs 2000. He also openly admitted that most of the money was for BBMP officials,” says Salim.

In another part of the city, Bommanahalli, also a new BBMP area, a resident, Kamal owns a three-storey building. He claims that his property is registered under the City Municipal Council. But he apparently was not even aware that since the inception of the BBMP, the CMC registrations wouldn’t hold much water unless he did the necessary documentations. 

“Most of them are clueless about B-register which is generally perceived as the B-khatha,” notes Mahesh Babu, an advocate. The BBMP offices, he says, take advantage of the ignorance of people to engage in mismanagement.  “People don’t even know that they cannot avail loans from nationalised banks with this so called B-khatha nor do they know that this doesn’t certify them as legal owners of their property.”

Most people want valid documents not just to feel secure about their property but also to convince banks to sanction housing loans. Many nationalised banks now insist on the “A-khatha” issued by BBMP. “I want to desperately get a loan but want to get one only from a nationalised bank.  A genuine document would benefit not only me but also a government bank” says Srinivasan.

A-Khata, B-register or ‘B’ khatha, almost everyone prefers the BBMP to hold an interactive forum for people to clarify all their doubts. As Srinivasan puts it. “That is the least the government can do at the moment.”
Siddaiah, Commissioner, BBMP.

There is nothing called a ‘B’ khatha in the KMC Act 1976. There is only one khatha. What has come to be known as ‘B’ khatha is the ‘B’ Register

Raju , property owner and realtor 

I paid Rs 4,000 and applied for the registration of my property a long time ago. However I got my ‘B’ khatha only 15 days ago

Sudheesh, property owner, Shastri Nagar

Although I have paid the necessary charges and got my khatha registered, there are a lot of property owners in the new BBMP areas who are confused about the issue. The BBMP could hold interactive meetings for better clarity

Khatha for dummies

* A Khatha is an identification paper issued by the local civic body to recognise the ownership of a property and that makes the owner eligible to receive the civic amenities extended to him or her.
* Each City or Town municipal council and corporation issues a Khatha identifying the property owner, after verifying the title deed, the sale deed and other documents apart from measuring the extent of the site.
* Over the years, indiscriminate issual of Khathas were recorded in the City Municipal Councils and Town Municipal Councils without verifying the documents for the land.

* In 2007, those under the seven City Municipal Councils (CMC) of Bommanahalli, Dasarahalli, Krishnarajapuram, Raja Rajeshwari Nagar, Mahadevapura, Byatarayanapura, Yelahanka, one Town Municipal Council (TMC) of Kengeri and 110 villages, were brought under the fold of the Bangalore Mahanagara Palike (BMP).
* Following this expansion and creation of the Bruhat Bangalore Mahanagara Palike (BBMP), those who did not have appropriate approval from the concerned land development authority and yet to come under the ambit of the Palike were issued an acknowledgment which was in common parlance known as ‘B’ Khatha. 
* However, in reality, ‘B’ Khatha does not exist. Property identification numbers are entered into a register called as  ‘B’ register stating that the civic agency has been paid its dues by the property owners.
* For citizens in need of an approval from the appropriate land development authority but have a Deputy Commissioner (DC) conversion, the BBMP re-introduced Betterment Charges which will entail people to take a Khatha on their property.
* Recently, the Legislative Assembly approved the extension of the DC conversion for another year.
* However, owners of properties with building bye-law violations will have to wait for Akrama-Sakrama.  

It is advisable to go for properties having A Khatha as in case of B Khatha you are not entailed to have building license, trade licence or loan from banks or any other financial transactions. B Khata is a temporary measure which will allow you to buy or sell a site, but you will face problems when you go for construction.

Khatha conversion

 B Khatha can be converted in to A Khatha. Keep the below mentioned details and documents ready for converting a B Khatha to an A Khatha:

1. You should have DC converted property

2. Property tax must be paid till date

3. Betterment charges for the conversion property to be paid to BBMP

Refferences -Deccan Herald and BBMP

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New Design Flats - A 3D View of Some amazing apartments

GALLERY (Please wait for a while - downloading images takes sometime) 

 Flats a living partner for all of us!!! It should look like : "Just amazing". When we are on travelling we would have seen some out standing Apartments, Flats, Villas.

But when it comes to our own - we end up with lot of confusion!!! Why Others? why not me? these questions are always a shadows for us isn't it? So here we have come up with some interesting 3D views of Flats.

Browse it and keep it for yourself, whenever needed you just come here and decide. In this Particular Blog of Dreamz infra bangalore we will be updating with lot of new pictures, desings and reviews about Bangalore real estate companies.

 Dreamz infra review page can be found here And dreamz infra bangalore - request all the readers to post your comments on the same and share some interesting Flat design here, so that other readers can make use of it.

Customer Reviews - Dreamz Infra

Hello Visitors...

You might have come across many websites across internet regarding property news, scams & other information on Dreamz Infra Pvt Ltd.

Our motive here is to highlight few good reviews we received from our esteemed customers. We have tried to get few excerpts from different sites all at one place, which can be followed.

With the web flourishing in full bloom, many sites are coming up and searching for a definitive content has become cumbersome off late. Hence, we conceptualized to start a medium where we would track the good reviews from different sites all across the web at one place.

This review we found in one of the major consumer forum websites:

Sunanda 

I am Sunanda from Bangalore. We never had the plan of buying a flat in Bangalore, just because of the high prices they quote and we could not afford that. One day I got a message from dreamz infra about the flats and price quoting only basic price and they will say more expenses that we have to bare, fortunately I visited Dreamz one day I came to know that whatever they are quoting is all inclusive except VAT and Registration. After having long discussion with Sales team I got the clue this could be the right builder to invest in and surely we can trust these people. The land was still not registered and I was taking a big risk. I thought I don’t know what I was doing? But still I thought I will go ahead to invested with Dreamz Infra. I just made my cousin also convinced and booked 2 flats at the same time. I got all the relevant documents and as promised the land got registered. Now the construction is about to start and I just can’t wait to move in my own home.

This review we found in one of the major consumer court website:

We were referred to them by a mutual friend/client who has booked several flats with them with high reviews and results. They have helped us with a flat to a level that exceeded our expectations. We knew that in building a new home we would meet with challenges and issues along the way but these have always been rectified in a timely manner by their office staff. I would make a special mention for their CRM member who always greeted our calls in a friendly, personal manner and helped us with all the questions we had. We have high regards towards them. - By LatifTariq

Few Video Reviews:

We would regularly update this blog, keep following us for more information.