In case your state allows this, it is necessary to get an approval from the housing society before the conversion of residential property to commercial property. Depending on the nature of the business, it may also be necessary to obtain permission from the local municipal authority for the conversion of a flat into a commercial establishment. Once a property is marked as commercial property, it would be treated as a commercial property for all purposes, which includes paying more as property tax.
How did you pay 20% token amount if the project was in pre-launch phase? You must know that every new or ongoing project have to be registered with state RERA authority. In absence of RERA approval, a project is considered as illegal. Even govt is spreading the benefits of RERA every time but still people like you unaware of its benefit. It is not your fault so you do not need to pay any more amount to the builder and file a case with your state RERA Authority as well as in your local police station for cheating and misleading.
Are there any documents which can prove that builder has insisted you go for Tri-party agreement? File a suit in the consumer forum for fake promises and defaulter of the builder in this matter. I am sure, you will get your interest amount back.
Yes, And we should always speak loving words of encouragement, love, kindness, and compassion. Always be aware that what is created daily in the sacred temple of your home. nurtures you and your family day and night.
Being close to proposed IT SEZ, proximity to prime areas such as Whitefield, Koramangala, and Electronic City and a number of reputed schools, Universities, and Corporate workplaces make this zone one of the preferred locality for a man searching for a private property investment perspective.
Generally, brokerage charge is 2% in residential properties in Bangalore. If you are buying property directly from builders, then you do not have to pay any brokerage as they are paying salary to their staff but if you are dealing with a brokerage firm then you have to pay 2% as brokerage. And at the time of property registration, you have to pay registration charges including Service Tax and VAT.
Here is the list of 2BHK available for rent in Patel Smondoville, Electronic City Phase-1, Bangalore. To get more details of these properties and its rent per month, click this link 2BHK for rent in Patel Smondoville, Electronic City Phase-1, Bangalore