Velpula Orchids Multistorey Apartments Area Range 1063-1173 Sq.ft Located in Hebbal, Bangalore offered with 2BHK Apartment.

Velpula Orchids Multistorey Apartments Area Range 1063-1173 Sq.ft Located in Hebbal, Bangalore offered with 2BHK Apartment.

Description:

Velpula Orchid is just 9kms from Manyata tech Park, off Hebbal Outer Ring Road. The Bengaluru International Airport is located just 8 km from the project. Also in the vicinity are reputed schools and colleges,hospitals,malls and shopping arcades.To name a few, Brindavan College, Delhi Public School,Vidya Shilp School, Ryan International school,Canadian International School,& Vinayaka Public School.

The boost in the development in the area is sure to make your investment in Velpula Orchid a lifetime opportunity that will appreciate manifold in the near future.

Privacy Only 6 apartments on each floor giving every apartment maximum privacy offering that much needed space we all yearn for in our modern day city lives

Spaciousness Apartments ranging from 1062sqft to 1173 sq.ft with large airy, Sun lit rooms .thereby maximizing ventilation and natural light from all sides

Location Velpula Orchid is strategically located in the vicinity of the Hinduja IT Park close to Expressway it is about 1 km from NH7 and approximately 9km from the Hebbal flyover.The KIADB has taken up a large area of about 3500 acres for a Software & hardware Technology park near Velpula Orchid and companies have already started development work there .The facility is bound to trigger a lot of commercial activity in the vicinity giving a lot of scope for residential options 

Amenities:

GYM
Security
Garden
24 hours generator back up
Intercom
Internal Play area

Selection of the Property

The registration has commenced pertaining to all the properties consequent to the relaxation of the ban imposed on the registration of certain properties. The ban on the registration has created an awareness in the public not to invest on the property which is improper. On the other hand, the recent demolition drive undertaken by BMP in Koramangala has created a sense of fear among the public to invest on the property in and around Bangalore. Walking on the road involves risk; nevertheless we cannot sit at home. Likewise, investing in the property also involves certain risk, but we have to take certain calculative risks which will help us to live in a dream house and also appreciation on our investment.

Unknown Area

No advocate can give clear cut assurance on the properties. There may be few transactions which cannot be traced from the documents produced for scrutiny, such as previous agreement entered into with somebody, pending court litigation between the family members or outsider, etc, which are the risky areas that cannot be traced by seeing the property documents. However, advertising public notice in the leading daily, having wide circulation in the area where the property is situated, will help to trace certain adverse claims, if any, before purchasing such property. However, such Public notice is only a precautionary measure and may not be binding on any one having interest in the property if the same is ignored or may have not seen the notice at all. If the same is noticed by anyone having any kind of interest over such property, then opportunity will be given to them to file the objection before the purchase of the property and subsequently, issues cropped pursuant to such objections could be sorted out by the Vendor. The purchaser can also back out from such transaction. 

I herewith give certain guidelines as to where to invest and how to select the property in order to overcome any kind of ambiguity regarding purchase of any property.

Registration and Title

Even though all the properties can be registered by the concerned Sub-Registrar, mere registration would not convey the title. Registering officer will act only in the ministerial capacity and do not have power to assess the Genuineness and marketable title of the property. Infact, the Sub-Registrars are more concerned with the stamp duty and registration charges. No one can give better title than what they themselves have, is the basic principle of the Transfer of Property Act. A vendor having marketable title can lawfully convey the property and register in the concerned Sub-Registrar in favour of the purchaser and if the vendor has defective title, conveying the same and getting it registered will not perfect his title as there will be a lot of confusion as to whether property is legally valid or not.

Clear marketable title
 

Before purchasing the property, marketable title, Genuineness of the document, enforceability of the title has to be scrutinized  along with a through verification as to whether like relax want provisions  the laws and other rules and regulations of the revenue  authorities has been duly complied. Origin of the property, flow of the title and present status has to be verified with the help of an advocate, who is having  experience on such matters.

B.D.A. Sites
 

Bangalore Development Authority previously known as City Improvement Trust Board, allotted sites having the perfect title, compared with another title BDA, being a statutory body, has got is own procedure envisaged in the  BDA ACT un acquiring the lands from the private parties, formation of layouts along with all infrastructure like power, water and road, Generally, impetus is given for providing civil  amenities and width of the roads as per the town planning ACT Layouts already developed has been provided with   all the facilities immediately  for which we will have to pay  moderate  Likewise, Co-operative societies Layout private Layout approved by BDA are governed by the rules and regulations of the BDA only. However, purchasing such property, is advisable after scrutiny of the title thoroughly.

BMP Sites
 

A property  failing under the BMP Area are generally old properties.  Vacant properties are very few.
 

Only ready built  houses or old houses are available for sale. Title of the property is required to be traced from the origin with successive  deeds of transfer, computerized Khata and Computerized Khata extract to be checked  up.
 

If required  city survey map and Building sanction plan has to be verified Sometimes, large extent of properties would be divided into smaller potions and in such case, only certified copies of the title deeds would be available.

CMC Sites
 

There are 7 CMC and one Town MC surrounding the Bangalore City. Government is proposing to merge the CMC Sites with BMP Area, which is yet to be implemented. DMC has stopped collection of the Battlement charges  since from 29/ issuing Khata Form No.19. Now a SAS scheme, are being issued and that too on the temporary basis as  Holder Khata, However, form No.19 sanctioning the Building plan.

Basically, CMC sites are the revenue sites, which would be r regulated by collecting Battlement charges and other means. The CMC properties converted for the residential  purpose, having CMC Khata, Battlement Charges paid receipt and building sanction plan is considered to be marketable property. However subject to the tracing of the marketable title.
 

Unfortunately, infrastructure facilities  provided  by the Government and CMC in the CMC areas are very poor and the development activities are implemented in a very show manner.

BMRDA Approved Sites
 

Recently, lot of layouts approved by BMRDA are coming up in the outskirts of Bangalore. With proper planning and development. This is due to the recent ban on registration of such properties without BMRDA Release Letter.

Recently, BMRDA has changed its rules and regulations, wherein only 60% of the sites would be released at the time of approving layout plan, while remaining 40% of the sites will be released after completion of the entire layout.

Accordingly the Sub Registrar refuses to register such sites without the release letter. So  it became mandatory on the part of the developers to develop the entire layout and get the release order of the balance 40% of the sites. After the relaxation of the ban on registration. Sub-Registrar is registration BMRDA sites without release order, which, infact has affected the developmental activities of such layouts.

Few of the promoters  are selling the sites without providing basic facilities with an assurance to develop the same, but fail to do the same.
 

The government has to take initiative and should make it mandatory to submit order of release of sites at the time of registering BMRDA approved sites, in order to safeguard the interest of such purchasers.

Gramathana Sites
 

There are gramathana sites, originally available in Village Panchayat areas, and which are few in number.
 

They can be distinguished from Kaneshumari number, assigned to them. The agricultural lands have survey numbers. In such properties it is necessary to examine village records along with form No. 9 and 10 which confirm that the particular property is original Gramathana site or not.
 

But many village Panchayats issue form No. 9 and 10 though they are not gramathana sites.

Many such sites fall in green are belt areas, where construction of residential building is restricted Extra caution is necessary while buying Gramathana Sites.

Revenue Sites
 

These are the sites formed in an agricultural land. Unless it is converted for non-agricultural residential purpose. It remains as agricultural land. Formation of layouts is not permitted on agricultural land, Further

 Layouts need the approval from BDA or BMRDA.

The revenue records such as Pahani and mutations of these lands remain in the name of the original owner even after it is purchased the Revenue sites,Advent of Apartments
 

The rapid growth of demand for  Apartments in Bangalore, within a year. Has totally changed,  within a year, has totally changed, wherein average rate of a standard apartment per sq ft of Rs. 1,500/- has now enhanced to present rate of an average standard apartment attaching to the city area at nearly Rs. 2500/- per sq ft.
 

Now a days people prefer to live in the apartment because of the safety, social life and facilities available there.

Now a days people prefer to live in the apartment concept because of the safety, social life and facilities available there.

Increase  in the land cost, increase in the construction material and construction labour cost, government levies like services tax, sales tax, stamp duty and registration charge have also contributed for the tremendous growth of the apartments in the recent times.

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