Skip to main content

Buyer Safety : Right To Property Gone, be cautious when you buy a Property

150 residents of I Block at HRBR Layout, in northeast Bengaluru, received a notice from the tahasildar of Bangalore East taluk to vacate their houses within two days, as they were built on an encroached tank bed. The tahasildar's notice said that their structures, on Survey No. 211 of Banaswadi village, are on a 'Government Lake' bed that had been encroached on. 

What went wrong when they bought it?

As the Constitution was originally drafted, the Right To Property was enshrined as a fundamental right. By the 44th Amendment to the Constitution, the right to property was removed as a fundamental right!

The result is that the right to property as a fundamental right is now substituted as a statutory right. The amendment expanded the power of the state to appropriate any private property for social welfare purposes. Also, the adequacy of compensation payable on acquisition or requisition could not be questioned in a court of law.


There were 262 lakes in Bangalore in 1961, of which only 33 are visible on satellite images now — pollution and encroachment being the major reasons. On records though the city is home to 189 lakes, of which 123 are owned by BDA, 55 by BBMP, six by LDA and five by the forest department. The encroachment of lakes have resulted in illegal constructions, and it still continues. As a property buyer you should do additional work along with legal verification of property to ensure that the apartment is not built on "kere"(lake) land. A competent property consultant would be able to tell you the truth.

How do you Safeguard?
  1. Trust the builder not the brand. 
  2. Always consult an experience property lawyer when in doubt.
  3. If possible seek an advice from a reputed property consultant.
Builders like CMRS Group always ensure that the property being offered to customers do not have any issues related to legal status or does not come under the criteria where the land can be acquired by Government. CMRS Group writes in the agreement that the buyer is fully indemnified and harmless at all times, from and against any action or proceedings, loss of liability, cost or claim that may arise against the purchaser, or the property, due to defect in title. 

This is a big PEACE OF MIND forever!

For any property guidance, free legal advice and any other assistance while buying a property, feel free to call at  +91-7676-122-000 or send an mail to info@cmrsproperties.com

Comments

Popular posts from this blog

Buy or Rent, What should you do?

The choice between buying a home and renting one is among the biggest financial decisions that many people in bigger cities need to make. But the costs of buying a home scares many people off when they compare the EMI with their current salary. It may not be always true as with the tax benefits your effective in hand salary increases and your balance salary after EMI instead of rent does not reduce much. Also the decision to buy becomes easier if you choose to buy from CMRS Group, which offers CMRS Royal Orchid, luxury smart, green homes starting from 33 lacs and give the possession to you in little more than a year.



Buying Cost
Initial costsare the costs you incur when you go to the closing for the home you are purchasing. This includes the down payment and other fees.Recurring costsare expenses you will have to pay monthly or yearly in owning your home. These include EMI payments, maintenance and renovation costs, property taxes and homeowner’s insurance. Property taxes, the interest …

Row Villas are a New Fashion in Bangalore Realty?

Villas continue to be a dream home for many, but they remain pricey at good locations. People choose to buy high end apartments instead, but Bangaloreans are queuing up to buy Row Villas which are located at premium locations and costs the same or lesser than high end apartments.  For example, CMRS Couryard (http://cmrsproperties.com/views/courtyard.html), located at Varthur main market near Forum Value Mall is a big hit among buyers. 

Row houses Properties come in the category of urban homes, which are located in the same area and are coherent with each other in architecture, design, and appearance. Row villas are premium segment of row houses. The row houses segment, though less in the overall market size, saw the highest increase in sales velocity in Bangalore with a rise of 23 per cent and only 9.4 months inventory. A clear indication of the growing demand for this type of property.
Advantages of Row Villas: Costs less than villas with private gardens providing the higher luxury for p…

Quick Wellness Byte - Science of AGNIHOTRA

A fire is a fire, isn't it? 

No!

Agnihotra is a special healing fire from the ancient science of Ayurveda. It is a process of purifying the atmosphere through a specially prepared fire. 

What is it?
Agnihotra is the basic HOMA for all HOMA fire practices given in the ancient Vedic sciences. A pyramid of fixed size is used in the process of Agnihotra healing fire.



Benefits:

Agnihotra reduces stressLeads to greater clarity of thoughtImproves overall healthGives one increased energyMakes the mind more full of loveThe Wellness Town, near airport in Bangaore, offers a dedicated place for Agnihotra and the ritual will be performed every weekend for the wellbeing of entire community living there.
Visit www.cmrsproperties.com for more details and to book your plot at the wellness town, Palm Hills, Bangalore's only Eco-living Destination.