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  • 23 Apr, 00:37
    Admin User
    THE “GM GLOBAL TECHIES TOWN” BEAUTIFULLY “CRAFTED LIVING SPACE” INTERNATIONAL STANDARDS WELL-CONNECTED WITH 100 AMENITIES more...
  • 22 Apr, 23:36
    Admin User
    INDIA'S MICRO, SMALL AND MEDIUM ENTERPRISE (MSME) SECTOR EVER GROWS UP? COMPANIES HAVE VC INDEPENDENT BUSINESS MODELS more...
  • 21 Apr, 12:42
    Admin User
    PROTECTIONISM ANTI-GLOBALISATION DIFFERENT COUNTRIES REACTING IN DIFFERENT WAYS INDIAN COMPANIES HAVE VISA INDEPENDENT BUSINESS more...
  • 20 Apr, 23:52
    Admin User
    VIDHAN SOUDHA PASSES NEED TO BE GIVEN TO “WEB PORTALS” AND “ONLINE JOURNALISTS” “FREELANCE JOURNALIST” more...
  • 19 Apr, 08:35
    Admin User
    “FREELANCE RECRUITERS” “RECRUITERS” “E-TAILERS” MIGHT CHECK CIBIL'S CREDIT SCORES BEFORE MAKING OFFERS more...
  • 18 Apr, 23:29
    Admin User
    STATE FAILS TO UTILIZE CENTRAL FUNDS FOR SKILL DEVELOPMENT COMPANIES HAVE VC INDEPENDENT BUSINESS MODELS more...
  • 17 Apr, 13:35
    Admin User
    DONATE FOOD; HELP SOMEBODY GET THEIR NEXT MEAL “FREE FOOD TO POOR PATIENTS ATTENDERS AT RAJIV GANDHI HOSPITAL BENGALURU” more...
  • 16 Apr, 06:00
    Admin User
    SEVERAL VENTURES SUCCEEDED WITHOUT VCS AND MANY INDIAN COMPANIES HAVE VC INDEPENDENT BUSINESS MODELS more...
  • 15 Apr, 13:26
    Admin User
    CHECKLIST FOR BUYING APARTMENT OR INDEPENDENT HOUSE AS GOVT WASHES HANDS OF DUAL REGISTRATIONS OF PROPERTY more...
  • 14 Apr, 04:14
    Admin User
    FOLLOWING NEW RESEARCH COLLEGE CLASSES MUST BEGIN AT 11AM INSTEAD OF 9 AM “EXPERTS HAVE CLAIMED” more...

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M.S.Yatnatti Editor Property Politics Weekly
THE “GM GLOBAL TECHIES TOWN” BEAUTIFULLY “CRAFTED LIVING SPACE” INTERNATIONAL STANDARDS WELL-CONNECTED WITH 100 AMENITIES
by Admin User - Sunday, 23 April 2017, 12:37 AM
 

By: M.S.Yatnatti Editor and Video Journalist Bengaluru : Amenities in the GM project :A 60,000 sqft club house Swimming children's pool, skating rink, lazy river Rock climbing wall Stage performance area, mini theatre Sand pit, children hammock park, creche, children's play room, sleeping nets Half basketball court, jumbo chess, mini soccer field Lounge, banquet hall ATM, laundry, pharmacy, clinic Coffee bar, gym, aerobics, salon, spa and steam room (ladies and gents) Security rooms, visitor's parking .With over two decades of extensive experience in a range of verticals related to construction, Chairman and Managing Director Gulam Mustafa has single-handedly led GM Infinite Group's portfolio from construction to real estate. As a second generation professional as he achieves uncompromised standards of quality in his ventures .

GM Infinite Group has an impressive track record with expertise in construction. It has that translated into success in the competitive world of real estate.GM Infinite Group's techinical know-how and an unflinching focus on customer satisfaction is what propels its success. The company started out as a construction major over five decades ago and today, it take pride in saying that they don't just have five decades of experience in this industry but have five decades of unparalleled expertise. And A solid reputation and delivering exceptional projects on schedule have earned their customers' trust. GM use their own construction technology with no external contractors. Their customers get quality materials from the source.GM Infinite Group offers unique concepts bringing you a seamless combination of the finest infrastructure and amenities. The Group's key drivers are one-of-a-kind concepts at competitive prices with timely delivery. You will also notice that the projects are carefully located in prominent, upcoming areas of the city so that your investment gets a boost and you enjoy monetary gains.GM are in a constant pursuit of providing better homes to their customers at competitive prices. GM meet architects from across the world frequently to gauge the viability of a concept. Living by the values of transparency, professionalism and integrity, GM only use A-A+ grade material in all construction, interiors, hardware, electrical fittings and plumbing. GM had a phenomenal run with Global Techies Town. It is believed that this development is the first-of its-kind in the country.

 

M.S.Yatnatti Editor Property Politics Weekly
INDIA'S MICRO, SMALL AND MEDIUM ENTERPRISE (MSME) SECTOR EVER GROWS UP? COMPANIES HAVE VC INDEPENDENT BUSINESS MODELS
by Admin User - Saturday, 22 April 2017, 11:36 PM
 

By: M.S.Yatnatti Editor and Video Journalist Bengaluru : Units that begin their lives in the Micro, Small and Medium Enterprise (MSME) sector must want to grow up. At the same time, take a look at this paradox. In terms of the number of units, it is estimated that 18.7% more have been added to the MSME sector between 2014-15 and 2015-16. The number of employees in them too has shot up from 81 million to 117 million between 2006-07 to 2015-16. But as unregistered micro units are roughly 13 times the number of registered ones, the average employment per enterprise is just about three persons, maybe lower. A higher admission rate, all right, but a persistently poor pass out grade! Obviously nobody wants to leave school, or come out of their baby clothes.Instead of numbers rising in the higher classes, such as in the medium and small sector component, it is the micro industries that keep burgeoning and yet contributing so little to the economy. In addition, there is hardly any transit from unregistered to registered units either. Nor is it that they are falling sick routinely as the incidence of ailing units in MSMEs came down quite impressively in the last decade or so.While the nation is struggling to hone the skills of young Indian to generate employment opportunities, Karnataka seems to have run out of ideas to develop the skills of citizens and is sitting on central government funds. Under the renamed scheme of Deendayal Antyodaya Yojana ­­ National Urban Livelihood Mission (DAY-NULM), the ministry of housing and urban poverty alleviation noted that Karnataka has Rs 38.71 crore of unspent balance in it accounts as of April 1, 2016. Further, the state has also not provided its utilization certificates (UC) for the expenditure under the scheme. Result: A sizeable amount of Rs 67.35 crore has been frozen by the Centre.The Centre, while responding to a question raised by Rajya Sabha MP K C Ramamurthy on the NULM project on April 6 in Parliament had said: “As per the monthly progress report provisional utilization certificate submitted by Karnataka, an amount of Rs.3,871.73 lakh (Rs 38.71 crore) was available with the state as unspent balance on April 1, 2016.The state couldn't fully utilize the balance and, as per instructions from the ministry of finance, no funds could be released to the state to avoid parking of funds.“

 

M.S.Yatnatti Editor Property Politics Weekly
PROTECTIONISM ANTI-GLOBALISATION DIFFERENT COUNTRIES REACTING IN DIFFERENT WAYS INDIAN COMPANIES HAVE VISA INDEPENDENT BUSINESS
by Admin User - Friday, 21 April 2017, 12:42 PM
 

By: M.S.Yatnatti Editor and Video Journalist Bengaluru : Reportedly at a time when many countries are resorting to protectionism to save local jobs, they are also grappling with a shortage of skills at the higher levels in the IT industry. Citing the case of the US, he pointed out that every year 21 million jobs are lost due to technology as well as business changes. However, at the same time, 23 million jobs are created in the US as companies are quick in adopting new technologies but these new jobs require higher skills for which there is a shortage. “Globally there is a rising trend of protectionism and anti-globalisation... So we are seeing different countries reacting to this situation in different ways but every country wants highly skilled people... The struggle really is how to define those high skills and how to ensure that the immigration policies of that country open the doors to highly skilled people.Passion and focus on the products is the central to business success for most of entrepreneurs . “Startups must figure out unit economics and prove the model at a small scale before considering VC funding should have a simple formula ­ when in doubt, bootstrap and your customers are best investors .“ Some time as venture capitalists becomes vulture capitalists early stage entrepreneurs and those looking to do something on their own are likely to turn wary. But anybody who studies entrepreneurship will likely find that passion and patience have inevitably trumped money in determining the success of a venture .Money is often a catalyst. But there are also some who think venture funding is a bane and not boon , that ultimately, success is more about you and the problem you are trying to solve through your venture by bootstrapping . Few entrepreneurs knew only two ways to fund a business ­ put their own money or borrow from the bank as you build a product and make it became profitable .Trump can be trumped after all he is a businessman and his decision can be taken as blessing in disguise . Indian IT companies have visa independent global delivery model where it reduced the total effort onsite (at the client location) in a project from about 30% on an average to just 10%. “And this 10% will be delivered by local hires. Indian IT is also likely to find significant support among its US customers. The Indian software industry, has largely been responsible for building as well as maintaining the information infrastructure of most large US corporations. It plays a very critical role in the success of US corporations, that tampering with it wouldn't be easy.IT companies conducted several pilots and all of them were very successful, "The global downturn and “Buy American and hire American” theory has brought along with it new opportunities. It is for the industry to identify the opportunities and move ahead," Indian IT companies can hire American and sell American and make killing profits in America as American IT companies hire Indian and sell Indian and make killing profits in India . “Make in India American products” "The Indian industry will continue to do well if they learn that there are no easy pickings any longer." And that's true of all companies, irrespective of their size..The US was teaching all countries Globalization and now suddenly talking localization “Buy American and hire American”. Investors from around the world, including in the City of London, will be listening carefully for how America's Donald Trump is set to sign an executive order to overhaul the H-1B & L-1 visa programmes, which let tens of thousands of Indians work in the US, drove tech stocks down and sparked speculation in the IT sector about an uncertain future. Indian business experts predict that Indian IT companies can outsmart any trade barriers created by Donald Trump as they are listening this since the days of his election campaign. India need to remember late Dewang Mehta, the chief lobbyist for India's fledgling software services industry, carried off both with aplomb, convincing businesses that at the stroke of midnight of the new millennium, their computer systems would crash because old programs measured years in two digits instead of four. The solution, he persuaded them, was to let a horde of techies from Bangalore and Hyderabad go through each line of code and fix the Y2K bug.

 

M.S.Yatnatti Editor Property Politics Weekly
VIDHAN SOUDHA PASSES NEED TO BE GIVEN TO “WEB PORTALS” AND “ONLINE JOURNALISTS” “FREELANCE JOURNALIST”
by Admin User - Thursday, 20 April 2017, 11:52 PM
 

By : M.S.Yatnatti Editor and Video Journalist Bengaluru : By: M.S.Yatnatti: Editor and Video Journalist Bangaluru: : Chief Minister need to recommend his department to change the rules and issue passes to entry in  Vidhan Soudha Bangalore to online journalist and web journalist of Daily News Web Portals despite they come in electronic media and 10 passes each need to be given to each electronic media portal and these web portals fulfills 2009 media accreditation rules and Vidhan Soudha Pass issuing rules . Hon’ble Minister for Information has taken no action on the information director for denial of passes to web portals . Despite Hon’ble Minister for Information and Infrastructure and Haj order to issue Vidhan Soudha passes to editor and journalist of web portals as per existing rules the director information department has declined to issue passes of Vidhan soudha to web portals. The director cannot refused it and his denial to issue passes will be taken very seriously by online journalist and web journalists..Vidhan soudha is public building and denial of issue of passes means department does not want to disseminate information to public which is prime duty of information of department. The director information department issues passes only to print media and this director does not want to encourage digital transformation of information department. Daily news portals are within the definition of “electronic media” and they are running Daily media portals since several years and months and entire content is available on the web portals. As per rules and policy of Information department 10 Vidhan Soudha passes can be made available to each “electronic media” online journalist or web journalist .In the definition of “electronic media” Broadcast or storage media that take advantage of electronic technology. They may include television, radio, Internet, fax, CD-ROMs, DVD, and any other medium that requires electricity or digital encoding of information. The term 'electronic media' is often used in contrast with print media.

Department of Information and Public Relations, Karnataka miserably failed to use digital media or electronic media or internet web portals or web journalist or online journalist. Department of Information and Public Relations is not using and encouraging web portals or web journalist or online journalist for the purpose of dissemination of information. Department of Information and Public Relations must understand that it will loose relevance if it does not go with digital transformation. Digital transformation is the only way to go forward. Whether it is small medium or large enterprise or even government there is no escaping digital transformation. Smart phones and better connectivity desktop and laptops and tablets have changed the way of citizen’s lives.The electronic media revolution has renewed debate about print media's relevance. In reality, both communication forms have advantages and disadvantages. Print media reporters may cover subjects with greater depth than writers of electronic media. However, electronic media's ability to break news at lightning speeds is cited as a key factor for the continuing decline of print media readership. Broadcast or internet media that take advantage of electronic Technology. They may include web television, web radio, Internet Portals , CD-ROMs, DVD, and any other medium that requires electricity or digital encoding of information. The term 'electronic media' is often used in contrast with print media.

Content published on the World Wide Web is immediately available to a global audience of users. This makes the World Wide Web a very cost-effective medium to publish information. It is relatively inexpensive to publish information on the Internet. At a fraction of the cost to publish information by traditional methods, various organizations and individuals can now distribute information to millions of users. It costs only a few thousand dollars to establish an Internet presence and publish content on the Internet. Traditional methods of performing surveys are often relatively slow and expensive compared to online surveys conducted on the Internet. For example, in order to fill out various needs of customers or what they would like to see in a future product, it's often necessary to compile a list of address and mail a questionnaire to many customers. The success of such an attempt is not always guaranteed and can be very costly in terms of mailing the questionnaires and entering responses to a databases and analyzing it. On the other hand, you can use the World Wide Web to automate the whole process. For example, you can set up a CGI script to conduct online surveys. Results of such a survey can be automatically updated to a database. This database can then be used to keep a pulse on various opinions and needs of customers.

 

M.S.Yatnatti Editor Property Politics Weekly
“FREELANCE RECRUITERS” “RECRUITERS” “E-TAILERS” MIGHT CHECK CIBIL'S CREDIT SCORES BEFORE MAKING OFFERS
by Admin User - Wednesday, 19 April 2017, 08:35 AM
 

By : M.S.Yatnatti Editor and Video Journalist Bengaluru :Reportedly If you have ever defaulted on a credit card payment or had an extension on your student loan, watch out! Your credit history could impact decisions -right from buying an iPhone6 to landing a new job. This is because credit bureau CIBIL has tied-up with e-commerce players and employee-screening firms to share data on consumers and potential job candidates. The market rate for freelancers depends on the specific industry. Freelance writers for instance will calculate their hourly rates based on words typed per hour.To get a better understanding of your industry wage, you can check out the by Googaling Freelance Income Reports 2016 on internet . It is reported that few market research reports recently surveyed over 23,000 freelancers from numerous industries to determine average hourly wages. While the worldwide average hourly rate charged by freelancers is $21, the rate per industry varies heavily. Freelance web designers earn an average hourly wage of $23 per hour, for example, while language translators earn approximately $17 per hour. It roughly translates Indian rupees 1500/- per hour .Competitors’ rates shouldn’t necessarily dictate your own; however, understanding the average hourly rates of other freelancers with similar skills, education and experience will ensure that you aren’t pricing yourself out of your market (either by charging too much, or too little).Freelancing opportunities are growing rapidly across many industries. Finding work is perhaps single most the toughest part for a freelancer. He has to knock on many doors and spend time, money and energy trying to get work. You can grab freelancing assignments not only in your city or in India but literally in any corner of the world. According to one report , every third user of Freelancer.com is from India.The US-based website helps freelancers get assignments and takes a cut when the deal is done . It's a trend that is slowly catching on. A growing number of professionals is junking regular employment to try their hands at freelancing. They are driven by the dream to be independent and work on their own terms without the straitjacket of a 9-to-5 job. To be fair, freelancing does unshackle the individual from the tyranny of corporate hierarchy. The jobs are everywhere. What you need to do is find the niche that matches your expertise. "Don't go by just the current demand, but also assess how it will shape up in the coming years.It pays to keep yourself abreast of the latest developments in your chosen field. The websites giving freelancing jobs need to be properly researched .

M.S.Yatnatti Editor Property Politics Weekly
STATE FAILS TO UTILIZE CENTRAL FUNDS FOR SKILL DEVELOPMENT COMPANIES HAVE VC INDEPENDENT BUSINESS MODELS
by Admin User - Tuesday, 18 April 2017, 11:29 PM
 

By: M.S.Yatnatti Editor and Video Journalist Bengaluru : While the nation is struggling to hone the skills of young Indian to generate employment opportunities, Karnataka seems to have run out of ideas to develop the skills of citizens and is sitting on central government funds. Under the renamed scheme of Deendayal Antyodaya Yojana ­­ National Urban Livelihood Mission (DAY-NULM), the ministry of housing and urban poverty alleviation noted that Karnataka has Rs 38.71 crore of unspent balance in it accounts as of April 1, 2016. Further, the state has also not provided its utilization certificates (UC) for the expenditure under the scheme. Result: A sizeable amount of Rs 67.35 crore has been frozen by the Centre.The Centre, while responding to a question raised by Rajya Sabha MP K C Ramamurthy on the NULM project on April 6 in Parliament had said: “As per the monthly progress report provisional utilization certificate submitted by Karnataka, an amount of Rs.3,871.73 lakh (Rs 38.71 crore) was available with the state as unspent balance on April 1, 2016.The state couldn't fully utilize the balance and, as per instructions from the ministry of finance, no funds could be released to the state to avoid parking of funds.“

 

M.S.Yatnatti Editor Property Politics Weekly
DONATE FOOD; HELP SOMEBODY GET THEIR NEXT MEAL “FREE FOOD TO POOR PATIENTS ATTENDERS AT RAJIV GANDHI HOSPITAL BENGALURU”
by Admin User - Monday, 17 April 2017, 01:35 PM
 

By : M.S.Yatnatti Editor and Video Journalist Bengaluru : Instead of collecting Food wastage at weddings, hotels and large gatherings let us promote the idea of making more food than required at wedding halls, kalyana mantaps, paying guests and restaurants and make it a point that such food is donated to poor people . If in a wedding 500 people are invited make it for 600 people and extra 200 people meal is donated in packets to poor people .Some time back Do Roti campaign was made hat every affordable house make two Roti extra and donate it to street children’s instead of giving cash donations and tis will reduce crimes against children’s.  With an enormous amount of food being generated on a daily basis, the consequence of this food donations generate goodwill among people and such food donations can feed close to 1,00000 people on a daily basis in Bangalore as several thousand klyanamantapas are functioning in Bangalore . “NGOs can collect good food from wedding halls, kalyana mantaps, paying guests and restaurants where there is food donation happens and then NGOs CAN go to railway stations, bus stands, hospitals and other places and distribute the food to those who need it .Roti Kapda Makaan are the basic needs of human being . If a poor and destitute person is provided at least one wholesome meal in a day, He or she has a chance to face the challenges of her hard life. Roti trust an NGO operating in Bengaluru completed its first anniversary on 09-04-2017 of providing free food to about 300 patients attenders every day and daily at SDS Tuberculosis and Rajiv Gandhi Institute of Chest Diseases Super Specialty State Referral Hospital .On this occasion a programme was organized by Roti Trusts in association with Sadbhavana trusts to commemorate the occasion. On this occasion Janasadbhawana launched mission safe Bengaluru in association with Bangalore city police to create public awareness, under public police partnership (p.p.p) "for safe & crime free society or reconstruction of society. Many experts would suggest Janasadbhawana should create an atmosphere and urge all police people and Rowdy sheeters if any ,Government officers ,Corporators and Ministers and MLAs other important personalities and businesses should wear body wearing cameras for creating a safe Bengaluru.

 

M.S.Yatnatti Editor Property Politics Weekly
SEVERAL VENTURES SUCCEEDED WITHOUT VCS AND MANY INDIAN COMPANIES HAVE VC INDEPENDENT BUSINESS MODELS
by Admin User - Sunday, 16 April 2017, 06:00 AM
 

By: M.S.Yatnatti Editor and Video Journalist Bengaluru : Passion and focus on the products is the central to business success for most of entrepreneurs . “Startups must figure out unit economics and prove the model at a small scale before considering VC funding should have a simple formula ­ when in doubt, bootstrap and your customers are best investors .“ Some time as venture capitalists becomes vulture capitalists early stage entrepreneurs and those looking to do something on their own are likely to turn wary. But anybody who studies entrepreneurship will likely find that passion and patience have inevitably trumped money in determining the success of a venture .Money is often a catalyst. But there are also some who think venture funding is a bane and not boon , that ultimately, success is more about you and the problem you are trying to solve through your venture by bootstrapping . Few entrepreneurs knew only two ways to fund a business ­ put their own money or borrow from the bank as you build a product and make it became profitable .Trump can be trumped after all he is a businessman and his decision can be taken as blessing in disguise . Indian IT companies have visa independent global delivery model where it reduced the total effort onsite (at the client location) in a project from about 30% on an average to just 10%. “And this 10% will be delivered by local hires. Indian IT is also likely to find significant support among its US customers. The Indian software industry, has largely been responsible for building as well as maintaining the information infrastructure of most large US corporations. It plays a very critical role in the success of US corporations, that tampering with it wouldn't be easy.IT companies conducted several pilots and all of them were very successful, "The global downturn and “Buy American and hire American” theory has brought along with it new opportunities. It is for the industry to identify the opportunities and move ahead," Indian IT companies can hire American and sell American and make killing profits in America as American IT companies hire Indian and sell Indian and make killing profits in India . “Make in India American products” "The Indian industry will continue to do well if they learn that there are no easy pickings any longer." And that's true of all companies, irrespective of their size..The US was teaching all countries Globalization and now suddenly talking localization “Buy American and hire American”. Investors from around the world, including in the City of London, will be listening carefully for how America's Donald Trump is set to sign an executive order to overhaul the H-1B & L-1 visa programmes, which let tens of thousands of Indians work in the US, drove tech stocks down and sparked speculation in the IT sector about an uncertain future. Indian business experts predict that Indian IT companies can outsmart any trade barriers created by Donald Trump as they are listening this since the days of his election campaign. India need to remember late Dewang Mehta, the chief lobbyist for India's fledgling software services industry, carried off both with aplomb, convincing businesses that at the stroke of midnight of the new millennium, their computer systems would crash because old programs measured years in two digits instead of four. The solution, he persuaded them, was to let a horde of techies from Bangalore and Hyderabad go through each line of code and fix the Y2K bug.

 

M.S.Yatnatti Editor Property Politics Weekly
CHECKLIST FOR BUYING APARTMENT OR INDEPENDENT HOUSE AS GOVT WASHES HANDS OF DUAL REGISTRATIONS OF PROPERTY
by Admin User - Saturday, 15 April 2017, 01:26 PM
 

By : M.S.Yatnatti Editor and Video Journalist Bengaluru : Planning to buy a piece of property? Do it at your own peril. For, the stamps and registration department has said it is not responsible for fraudulent dual registrations. It means the onus is on the buyer and the seller to ascertain whether the sale in question is legitimate or not. Quoting an 1882 law, the them inspector general of registration (IGR) NV Prasad has said they have no power to stop any fraudulent registration of properties in the state.“The registering officer is not empowered to stop or refuse such multiple registrations and as per existing and applicable provisions of the Transfer of Property Act, 1882 only the parties concerned are liable responsible to stop such multiple registrations transactions,“ he said in his March 31 reply to a notice issued by the Committee on Judicial Accountability under section 80 of Civil Procedure Code (CPC).Take precautions as buying property is not easy. Many check lists have been reportedly published by many on the internet and websites and blogs.Please consider each one of them and do not over look any good point..Reportedly buying a resale property has always proven to be advantageous from choosing a strategic location to acquiring finer properties at better prices and ready to move properties . Although a resale apartment may be old, it is a good investment option owing to the low availability or supply of new properties in the area. Therefore, if the owner chooses to redevelop the property, it is likely to fetch him greater appreciation and better return on investment .Another advantage of buying a resale apartment will be if the buyer makes a one shot payment from his disposable income rather getting into the intricacies of seeking a home loan. However, one should be aware that seeking a home loan for a resale property would mean meeting additional legal and procedural requirements. It is mandatory that one should be aware of the legalities and paperwork before investing in a resale apartment. One can even consider hiring a good realtor and good advocate to get information on the apt resale property, the details of the seller, and running around for paperwork etc. Reportedly following are the important documents required to buy a resale apartment or independent house.

1. Sale Deed: One of the core legal documents that evidence the proof of property sale and transfer of ownership between the seller and the buyer is the Sale Deed. It is important that a Sale Deed should be registered and before it is executed, one should execute a ‘sale agreement’ and should ensure that all the conditions between the seller and the buyer are complied with. Also, before the sale agreement is executed, the buyer should check for a clear title and whether the property has any encumbrance charges on it. However, it is critical that a seller makes all the statutory payments such as water bill, electricity bill, property tax, cess, maintenance charges etc., before executing the Sale Deed.

2. Mother Deed: Also known as the parent document, Mother Deed is the second most important document that traces and evidences the origin/antecedent ownership of the property from the beginning, in case the property has changed various hands. Mother Deed also helps in smooth selling of the property by establishing the current ownership. The document consists of the change of ownership of the property via sale, gift, partition or inheritance. All such changes will be traced from a transfer document through a uniform sequence in a chronological order without breaking the sequence flow. If there is a broken sequence, one should refer to the records from the registering offices, revenue records or the recitals (preamble) in other documents and should update the sequence until the present owner. However, if the original Mother Deed is missing, one should obtain the certified copies from the registering authorities.

3. Encumbrance Certificate (EC): An Encumbrance Certificate denotes the charges in the ownership or liabilities created on a property that is held against a home loan as security. The document consists of all the registered transactions pertaining to the property for a particular period/sought period. This certificate that is sought for a particular period evidences the property purchase/sale, the presence of any transaction or mortgage for that particular period. To obtain an EC, one should submit a copy of the Sale Deed, fill in the Form 22, affix a non-judicial stamp and submit it to the jurisdictional sub-registrar’s office. Crucial details such as complete residential address, property location, property survey number, the sought period, property description, its measurements and boundaries should be mentioned in the Form. Therefore by paying a nominal fee amount on a yearly basis one can obtain an EC between 3-7 working days or more depending on the period sought.

4. Latest tax paid receipt: All the properties that fall under the BBMP attract property tax that has to be mandatorily paid to obtain a Khata in the owner’s name. The latest tax paid receipts are a proof that the property tax is paid up-to-date to the municipality. However, a buyer should ensure to make enquiries with the government/municipal authorities to see whether all the dues are cleared by the seller on the property. Also the buyer should demand for the latest original tax paid receipts and bills and check for the owner’s details, the tax payer’s details and the date of property tax payment on the receipt. In case the seller does not possess the tax receipt, the buyer can obtain one from the municipal body by providing the property survey number. Apart from this, the buyer should also check if other bills such as the electricity bill, water bill and other utility bills are paid up-to-date by the seller.

5. Khata Certificate and Khata Extract: Khata is nothing but a property account of a person. Khata consists of Khata Certificate and Khata Extract. The Khata Certificate is a crucial document needed at the time of registering a new property/transfer of a property. Furthermore the Khata is widely referred to as ‘A’ Khata and ‘B’ Khata (Revenue records extract). An ‘A’ Khata has properties listed under BBMP jurisdiction with legal property construction, whereas a ‘B’ Khata has properties under local jurisdiction with violated property constructions. It is always wise to buy properties with an A Khata as it denotes a legal construction, besides a B Khata can always be converted to an A Khata through various schemes and the payment of a penalty to the municipality. However, a Khata Extract is nothing but obtaining the property details from the assessment registrar and is important at the time of property buying and acquiring trade license.

6. Occupancy Certificate (for a constructed property): An Occupancy Certificate is obtained after the completion of a project construction by a builder. It is given only after the authorities carry out an inspection on the property. The certificate evidences that the project constructed by the builder has met all the given norms. An Occupancy Certificate will be needed at the time of property buying, seeking a home loan, before taking the property possession and for Khata transfer. It basically confirms that the project is ready to be occupied.

7. Building approval plan: Without a building approval plan, a building will be deemed as an illegal construction as per the Karnataka Municipal Corporations (KMC) Act. This plan is sanctioned by the BDA (Bangalore Development Authority) or the BBMP (Bruhat Bengaluru Mahanagara Palike) or the BMRDA (Bangalore Metropolitan Region Development Authority) or the BIAPPA (Bangalore International Airport Area Planning Authority). It is important that the building owner gets the approved plan from the jurisdictional Commissioner/ an officer authorized by such Commissioner. The authorities sanction a building approval plan taking into consideration the zonal classification, road width, floor area ratio (FAR) and plot depth. One can obtain a building approval plan by submitting a set of documents such as the Title Deed, property assessment extract, property PID number, city survey sketch (from the Department of Survey and Settlement and Land Records), up-to-date tax paid receipt, earlier sanctioned plans (if any), property drawings, 2 copies of demand drafts, foundation certificate (if any) and a land use certificate issued by the competent authority (viz., Dy. Commissioner. Furthermore the requisites of acquiring a building plan include hiring a registered architect to draw a plan that meets the applicable bye laws. Making it easier to obtain a building approval plan, the newly invented BBMP software- Automated Building Approval Plan will issue the plan within a period of just 4-5 working days, provided it meets all the requirements.

8. Possession Certificate (PC): A Possession Certificate has to be mandatorily issued by the Builder / Developer to the first owner. A PC confirms proper construction and allows people to take possession of the property. This document is not reissued at the time of resale; however, it is passed on to the successive owner.One would need two additional documents in case he’s buying a resale independent house.

9. RTC (Record of Tenancy Rights/Certificate) Document: An RTC or a Pahani is a crucial revenue record that consists of the land owner’s details, the soil type, the water rate, assessment, area, liabilities, tenancy details, crops grown on the land, nature of possession of the land and other details. The RTC/ Pahani document is required for an array of purposes such as : to know the authenticity of the property seller, during the completion of the sale transaction at the sub-registrar’s office, to seek a home loan and at the time of civil litigation (if any). A person can acquire a RTC document from the Pahani centre/online from the Tehsildar’s office for a sum of Rs. 15/- to the revenue inspector.

10. Conversion Order/ DC Conversion (agricultural to residential): A Conversion Certificate or a DC (District Commissioner) certificate is acquired to change the property status from an agricultural land use to a non-agricultural land use viz., residential use or industrial use. The Conversion Certificate plays an important role especially in cities with vast areas of agricultural land. It is issued by a competent authority by requesting the department of Town and Country Planning to issue a NOC for the conversion of such a land. In order to get a DC Conversion Certificate, the land owner should submit various documents such as ownership documents, a photo copy of the land survey number, a photo copy of the revenue survey map of the village denoting the location of the land proposed for conversion and any other information required by the authority.

 

M.S.Yatnatti Editor Property Politics Weekly
FOLLOWING NEW RESEARCH COLLEGE CLASSES MUST BEGIN AT 11AM INSTEAD OF 9 AM “EXPERTS HAVE CLAIMED”
by Admin User - Friday, 14 April 2017, 04:14 AM
 

By : M.S.Yatnatti Editor and Video Journalist Bengaluru : Reportedly experts have claimed, that traditional 9am lectures should be scrapped and students should be allowed to start their day later, following new research that suggests early mornings interfere with young adults' body clocks. According to researchers at The Open University , lectures should start no earlier than 11am for students to be able to perform at their best. Working with researchers at the University of Nevada, experts analysed the study patterns of 200 students and found academic performance was at its best between 11am and 9.30pm. If universities were to choose a new standard starting time, the group suggested “anywhere between 11am and 1pm“ would be “close to optimal“ for the average undergraduate student. “Sleep loss, in turn, impairs academic performance and also elevates risks of obesity , depression, and drug abuse. While genetic factors lead to variations in circadian rythms of up to four hours from the average, age and gender can also play a part in determining how easily a person can learn early in the morning. The findings conflict with another recent study that suggested students should readjust their biological clocks to cope with early mornings by avoiding the lights from smartphones and laptops at night.

Reportedly Author Anthony Trollope pub lished 47 novels, writing 1,000 words an hour between 5am and 8am every day . “All those I think who have lived as literary men will agree with me that that three hours a day will produce as much as a man ought to write,“ he wrote. Charles Dickens worked in his study for only five hours a day--from 9am until 2pm, with a break for lunch.Not just writers, even great mathematicians and scientists didn't slog. French mathematician Henri Poincaré, who wrote 30 books and 500 papers, “did his hardest thinking between 10am and noon, and again between 5 and 7 in the afternoon,“ says an article in Nautilus.“.Journalist Malcolm Gladwell's bestseller Outliers spread the idea that 10,000 hours of practice can make you an expert in any field, but the Nautilus article points out Gladwell glossed over the importance of rest. “The top performers actually slept about an hour a day more than the average performers.“Rest has been reduced to a blind spot these days as everyone has a tendency to “focus on focused work. This is how we've come to believe that world-class performance comes after 10,000 hours of practice. But that's wrong. It comes after 10,000 hours of deliberate practice,12,500 hours of deliberate rest, and 30,000 hours of sleep.

 


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