Bengaluru Development Authority doubles property tax
Real Estate

Bengaluru Development Authority doubles property tax

The Bengaluru Development Authority (BDA) announced a steep increase in property tax, delivering a shocker to the people of Bengaluru already suffering from the post-Covid difficulties.

However, parts of the extra maintenance fee are uniform over BDA layouts, but the effect on the site owners varies because of the property tax changes. For example, a 30ft x 40ft site proprietor in Nadaprabhu Kempegowda Layout, who paid Rs 838 as property tax in 2020, needs to pay Rs 3,233 this year, a 286% increase.

Similarly, a 40ft x 60ft site owner in Anjanapura Layout now pays Rs 6,016 tax. On the other hand, it was Rs 3,616 the previous year.

The Bruhat Bengaluru Mahanagara Palike (BBMP), BDA, and other public companies usually increase rates by a maximum of 15%.

The scores owners of large plots known as STOI will complain regarding the hike.

The BDA added new maintenance costs to property tax, making the people angry as it's yet to construct roads or neglected upkeep in others.

In the latest plans, allottees have been pleading with BDA, RERA, and the government for basic facilities such as roads, sanitary pipelines, drinking water, and footpaths.

Image Source


Also read: BMC plans to increase property tax rates by 14%

The Bengaluru Development Authority (BDA) announced a steep increase in property tax, delivering a shocker to the people of Bengaluru already suffering from the post-Covid difficulties. However, parts of the extra maintenance fee are uniform over BDA layouts, but the effect on the site owners varies because of the property tax changes. For example, a 30ft x 40ft site proprietor in Nadaprabhu Kempegowda Layout, who paid Rs 838 as property tax in 2020, needs to pay Rs 3,233 this year, a 286% increase. Similarly, a 40ft x 60ft site owner in Anjanapura Layout now pays Rs 6,016 tax. On the other hand, it was Rs 3,616 the previous year. The Bruhat Bengaluru Mahanagara Palike (BBMP), BDA, and other public companies usually increase rates by a maximum of 15%. The scores owners of large plots known as STOI will complain regarding the hike. The BDA added new maintenance costs to property tax, making the people angry as it's yet to construct roads or neglected upkeep in others. In the latest plans, allottees have been pleading with BDA, RERA, and the government for basic facilities such as roads, sanitary pipelines, drinking water, and footpaths. Image Source Also read: BMC plans to increase property tax rates by 14%

Next Story
Real Estate

Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC

ANAROCK Capital has appointed Varun Malik as Managing Director, Head of Capital Markets (APAC), marking a strategic move to expand its presence across Asia-Pacific. Based in Singapore, Malik will drive ANAROCK’s capital markets initiatives in the region.A real estate finance veteran, Malik brings over 18 years of experience in structuring complex cross-border transactions across South-East Asia and Australia. He has led debt and equity deals for REITs, fund managers, and developers, delivering strong returns and driving investor value.“We will redefine real estate capital solutions across ..

Next Story
Real Estate

Patra Chawl lottery held, 663 families allotted homes

Mumbai's Siddharth Nagar (Patra Chawl) Co-operative Housing Society members in Goregaon (West) saw their 15-year wait come to a close as MHADA conducted a successful computerised lottery for 663 eligible members under its redevelopment scheme.The Mumbai Housing and Area Development Board conducted the draw using the RAT (Randomised Allotment of Tenement) system at Sardar Vallabhbhai Patel Hall. The lottery, overseen by Mr. Milind Borikar, Chief Officer of Mumbai Board, ensured transparency by digitally allotting each member a building, wing, and floor.The project, located on Plot R-9, received..

Next Story
Infrastructure Transport

BLR Airport crosses 41 million passengers, 500,000 MT cargo

Kempegowda International Airport, Bengaluru (BLR Airport), has recorded key operational milestones in FY 2024-25, crossing 41.88 million passengers and handling 502,480 metric tonnes of cargo. This marks a year-on-year passenger growth of 11.6 per cent and a 14 per cent rise in cargo volumes.Domestic footfall reached 36.05 million, up 10 per cent, while international traffic saw a robust 25 per cent jump to 5.83 million, aided by Indigo’s global expansion and added frequencies by international carriers. BLR Airport now connects to 76 domestic and 33 international destinations, with Hanoi set..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?