Bengaluru. The Karnataka government has announced major relief to about one lakh plot owners of Bengaluru Development Authority (BDA). Those who have unregistered documents will now be given 50 percent discount on the guideline value to get their plots regularized. Chief Minister D.K. Shivkumar announced this important decision on Monday. He said that on the occasion of completion of 50 years of establishment of Bengaluru Development Authority, four major initiatives are being implemented. The objective of these initiatives is to provide relief to citizens and take steps towards resolution of long pending property related matters. A large number of plot owners are expected to benefit from this decision of the government.
Chief Minister D.K. Shivkumar said that the state government has taken this decision keeping in mind the problems of people holding plots on the basis of unregistered documents. Regularization of documents of many properties belonging to Bengaluru Development Authority has not been done. In such a situation, the concerned plot owners have to face problems. To solve this problem, the government has announced a discount of 50 percent on the guideline value.
On the occasion of completion of 50 years of establishment of Bengaluru Development Authority, the Chief Minister described this decision as important. He said that the authority is implementing four major initiatives which will benefit the citizens. These also include the provision of regularization of plots held on the basis of unregistered documents. The aim of the government is to provide relief to those people who have not been able to complete the process of regularizing the documents related to their properties for a long time.
The Chief Minister also mentioned the arrangements made during the previous government. He said that before 2008, rules were prepared to help people buying plots and building houses on BDA land. The objective of these rules was to provide relief to such property owners whose documents related to their properties could not be regularized. Rules in this regard were implemented in the year 2021.
However, the system implemented in the year 2021 did not get the expected response. According to the Chief Minister, only 600 applications were submitted under that scheme. Despite a large number of eligible people, the benefits of the scheme did not reach widely due to limited applications. In view of this situation, the present government decided to implement a new system for property owners.
The government has now invoked Rule 38(d) to help people holding plots on the basis of unregistered documents. The Chief Minister said that this arrangement has also been approved by the Assembly. Through this rule, a way has been prepared to take forward the process of regularization of the concerned plot owners.
The purpose of introducing Rule 38(d) is to provide relief to those who have not been able to regularize the property documents related to BDA. The state government has decided to give 50 percent discount on the guideline value in this process. With this, eligible applicants are expected to get relief in the fixed price related to regularization.
There are a large number of plot owners in Bengaluru who have unregistered documents. According to the Chief Minister’s announcement, the benefits of this decision can reach about one lakh plot owners. However, all property owners will be able to get benefits only as per the prescribed rules and eligibility conditions. The available information does not provide detailed information about the application process and required documents.
An important aspect of this decision is the discount given on the guideline value. Guideline value is an important basis during property regularization. The government has announced a discount of 50 percent on this price. This can reduce the financial burden on eligible plot owners who undergo regularization.
Chief Minister D.K. Shivakumar also clarified that on the occasion of the golden jubilee of BDA, four major initiatives are being implemented in the interest of citizens. Among these, this announcement providing relief to property owners holds special importance. However, details of the other three initiatives are not given in the available information.
The rules prepared by the previous government for people buying plots and building houses on BDA land before 2008 are also related to this decision. Despite the rules coming into force in the year 2021, only 600 applications were received indicating that a limited number of people had applied under the previous system. Now the government has taken steps towards solving this problem through Rule 38(d).
After this announcement of the state government, the possibility of getting their properties regularized has increased for the concerned plot owners. Relief is especially expected for those people who have unregistered documents related to the plot. However, information about the last date, process and other eligibility related conditions for applying for regularization is yet to be revealed.
The decision, announced on the occasion of completion of 50 years of Bengaluru Development Authority, concerns a large number of property owners. The announcement of 50 percent discount on the guideline value for about one lakh people is being seen as a significant relief.
At present Chief Minister D.K. After Shivakumar’s announcement, the issue of regularization of plots belonging to BDA is in discussion. The state government has invoked Rule 38(d).
