Resale properties in Sir M Vishweshwaraiah Layout 2nd Block, SMV Layout, Bangalore

In the April-June 2024 quarter, property prices have seen an 8% YOY growth, with the average price recorded at Rs 6,911, according to a Housing.com Research report.

Once operational, this will add two additional elevated corridors of 44.65 km, resulting in around 220.2 km of the active Bangalore Metro Rail Network.

Under this owners can start construction once they get the approval on the provisional building plan uploaded online.

Once the civic authority verifies the bank details of the property tax defaulter, it can issue an attachment warrant to the bank using Form 16, a BBMP official said as cited in media reports.

The changing standard of the world reflects the need for smart cities as sustainable and comprehensive areas are the need of the hour.

The OTS scheme aims to benefit property taxpayers in the BBMP area by providing them with a complete interest waiver on outstanding dues.

To be covered in the entire state of Telangana, the RoR Act will be revised and the Bhumata portal will replace the Dharani portal.

The move will benefit 2.74 lakh tax defaulters in the city limits who are yet to avail of the scheme.

According to the BMRCL, the major civil and system works for the Yellow Line project is nearly complete.