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2BHK & 3BHK Row Houses for sale at Bangalore South, Off Sarjapur Road, Bangalore at Sobha Silicon Oasis.

Description:

Sobha Silicon Oasis is expected to face exponential growth in Bangalore real estate segment in comparison to other residential projects. Because realty segment in this mega city has observed high jump due to huge requirements for affordable housing and commercial projects. Silicon Oasis is launched by one of the prestigious real estate developers Sobha Developers at the finest destination between Off Sarjapur road (4.5 km) and Hosur road (1 km). This developer has made his strong presence amongst the top notch strategic builders in terms of infrastructure designing and location hunting for housing projects. Hence, it is regarded as perfection personified.

Being positioned near Kudlu gate, Electronic City the project has close proximity to Koramangala (7 km), Silk board junction (4 km), Outer ring road (5.5 km) and many other places of the metropolis. Hosting international amenities like swimming pool, 24 hrs security, round the clock power backup, well equipped gym, multipurpose hall, modern club house and many more Sobha Silicon Oasis Off Sarjapur Road Bangalore invites visitors for long term investment. Built on 15 acres of total land area the project has 918 units configured in basement+ground+20 floors. With these beneficial features the project is going to serve ultimate comforts through these aspiring home to the buyers of Bangalore.

The most important prospective of this project is that, Sobha Silicon Oasis Bangalore is quire reachable to various multinational IT companies, Textile and manufacturing firms, BPOs, ITES, Biotech Park, Engineering and Management Colleges with stone throw distances. Well established in the form of different varieties like 2bhk/3bhk row houses in 1350 sqft/1500-1800 sqft/2850 sqft floor sizes respectively it is able to offer upgraded lifestyle to the occupants. Surrounded with awesome greenery of the nature and colorful landscape views the project has been set as a brand name Off Sarjapur Road, Bangalore.

ALLOTMENT OF SITES BY BDA

Bangalore Development Authority has become hyperactive and has been distributing the sites in large numbers. Naturally the people are eager to know the methodology adopted by BDA in allotting the sites. This write up gives the broad out lines of the procedure followed by BDA.

Bangalore Development Authority (allotment of sites) Rules 1984 govern the allotment of sites. These rules are periodically modified. Whenever authority forms an extension or layout; offers the sites in such extensionllayout to the general public, wide publicity will be gi ven mentioning the location, number, area, and last date for submission of applications. The details are also published is not less than three newspapers of Kannada and English, which are published from Bangalore having wide circulation.

Authority is empowered to set apart, 40% of the sites to economically weaker section at 50% of the value of the sites; out of this the 15% of the sites are reserved to schedule castes, 3% to schedule tribe and 2% to the schedule tribes and remaining sites to economically weaker sections. BDA may also allot sites on lease basis to educational, religious, charitable institutions, which are registered under societies registration act, or Trust for public purposes.

But such allotment should not be more than 5% of the total site area in each layout. Further sites reserved for civic amenities, public parks and playgrounds cannot be allotted in such manner.

REGISTRATION

Only the persons who have registered their names on payment of prescribed registration fee are eligible to apply for allotment of sites. The registration fee at present is as follows: -

Area of the site in sq. mtrs Registration fee

a) 350 and above ... Rs. 2,000/-

b) 225 above

but below 350 Rs. 500/-

d) Below 225 Rs. 100/-

If the applicant withdraws the reg- istration the registration fee paid less 10% will be refunded to the applicant. Registration once done is valid for any subsequent attempts.

If the applicant withdraws the registration the registration fee paid less 10% will be refunded to the applicant. Registration once done is valid for any subsequent attempts.

In case the applicant dies after registration, the spouse, of the deceased applicant is entitled to apply for allotment. If the spouse is not alive the dependent children, will be deemed to have registered area have right to apply for allotment. The registered applicant or his legal heirs have to apply for allotment of site in prescribed form (form II).

The applicant should also remit 12.50% of the notified cost of the site along with application as initial deposit. The initial deposit payable in case of Schedule Castes, Schedule Tribes, area backward tribes is 5%.

The correctly filled application along with initial deposit should reach the authority before the time fixed for receipt of such application. The BDA notification generally informs the mode of paying the initial deposits, by remitting to certain banks. The completed application forms may also be handed over to the specified branches.

In case the application is pending with BDA for allotment and the authority invites applications for further sites, the applicant should again apply in form II (A), but there is no need to pay initial deposit.

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