Monday, August 5, 2013

Real Estate Reporters frank talk on Prohibition of Registration

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       Government of Karnataka by its notification dated 23rd April 2005, has prohibited the registration of certain properties as opposed to public policy. Agricultural lands which are not converted to non-agricultural purpose, but sold as residential sites, properties in unapproved layouts, agricultural property sold disguised as "Gramathana" sites are the properties, registration of which are declared as opposed to public policy. It is not just registration of sale, but registration of gift, exchange, mortgage, agreement to sell, lease, assignment or otherwise transfer of properties listed above are prohibited.

       There is nothing in new in the notification, but middlemen, land grabbers, were circumventing the procedures in connivance with Government officials, which had reached alarming propositions leading to disorder and chaotic development of cities.

       It is complacency of planning authorities like BDA, BMRDA, who ignored the formation of unapproved layouts, which has led to this situation. No doubt those planning agencies do not have infrastructure, to supervise the vast areas falling under their Jurisdiction and also to approve layout plans within stipulated time. City municipal councils, though not within their powers, approved layouts and village panchayats issued Form No's. 9, 10 even for sites in revenue lands.

       As large number of properties in revenue sites unapproved layouts have come up where the public have invested substantial amounts, the government should regularise them with some penalty and should not allow such situations to recur.

       Many registration authorities are refusing the registration of properties which are not barred and are exploiting innocent public. Government should caution such authorities, and issue clear instructions.

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