Bengaluru: Bruhat Bengaluru Mahanaagara Palike (BBMP) has continued the approval of the issuance plan for property in the city after the government announced regulations that empower products to collect fees for other sanctions plans and licenses.
However, the regulation tends to lead to the round of fresh legal battles as part of the developer and property buyers can move the High Court to the policy.
The sanctions plan process has stopped after the Karnataka High Court in August 2021 decided that the Civic body did not have legal sanctions to collect fees for the service.
However, on Tuesday, the government issued a regulation to change the existing law so that the products can collect costs from property owners for sanctions plans, issuance of licenses, commenctions and occupancy certificates, land rent to store construction materials and provide security for buildings.
If the Ordonance was not issued, BBMP could lose this power considering the court court and even facing prospects had to pay the amount collected in the past (around Rs 3,500 Crore).
“While the procedure for providing very much-needed clarity to collect costs, it also provides traction to the real estate sector because construction activities are reportedly hampered due to lack.
We have continued the issuance of approval plans and people can register for the same thing,” said Chief Commissioner BBMP Guarav Gupta.
However, representatives from the real estate sector, however, complained that the regulation opposed the high court verdict.
“Changes that are estimated in rules are arbitrary and contrary to the basic principles of the law.
We will appeal in the High Court to this regulation,” said Bhaskar Nagendrappa, President of the Confederation of the Indian Real Estate Developer Association (Credii), Benglaela.
Greater concern is that the New Order will lead property owners to spend more money and, thus, push property prices.
Nagendrappa shows that until 2008, the BBMP charged the property area and the number of composite after accounting for various costs was Rs 130 per sq.
M.
In 2016, Misike decided to link the amount of cost with the value of property guidance, which varied depending on the locality, and the minimum amount to be incurred for the property rose to RS 330 per sq.
M.
When many parties move the High Court to this, the court passed through the final August, after that the total money paid down to the estimate of Rs 88 per SQ M, considering that some head fees were canceled.
‘Order is anti-consumer’ “now, after this regulation, property owners will be asked to pay a minimum of RS 540 per sq m and the maximum RS 800 to get all permits.
Because the New Order is anticonsumer, the government must be memo,” added Nagendrappa.