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Waste Charges Delay Property Tax Payments in Bengaluru Apartments

BENGALURU: Large apartment complexes are typically quick to pay their annual property tax to the Greater Bengaluru Authority (GBA) when the payment portal opens in April. However, this year’s response in the first two weeks has been surprisingly slow. The confusion arises from unclear definitions and calculations surrounding bulk waste generators, hindering early tax payments. There is ongoing confusion about solid waste management (SWM) charges, especially for apartment complexes that produce over 100 kg of waste per day. Although bulk waste generators can qualify for exemptions, they must declare their status on the property tax portal, which is proving to…

Mohali Industrial Plot Price Drops from ₹8.5 Cr to ₹4.5 Cr in 4 Months

MOHALI: Industrial land prices in Mohali’s Phase 8-B have experienced a significant drop, with a 500 square yard plot being sold for Rs 4.5 crore in the recent Punjab Small Industries and Export Corporation (PSIEC) auction that concluded late Tuesday. This price is almost half of the Rs 8.5 crore achieved for the same plot size during the auction in June of this year, indicating a shift in buyer sentiment and increased availability of industrial land. The PSIEC auction included 26 plots of 500 sq yards each, offered on a 99-year leasehold basis. Participation in this round was steady but…

KHB Seeks Applications for New Residential Layout in Chamarajanagar

MYSURU: The Karnataka Housing Board (KHB) is set to develop a new residential layout in Chamarajanagar, adding to the three existing layouts in the city. The KHB is currently conducting a demand survey to identify land for this new initiative, aimed at catering to the increasing housing needs in the area. The existing layouts, including sites and houses, have been successfully allocated at the Old Housing Board Colony near Ramasamudra and another location close to Dr. BR Ambedkar Stadium. Now, it is moving ahead to establish its fourth layout through a public-private partnership near Uttuvalli in Kasaba Hobli, having signed…