+
CREDAI Bengaluru Urges Karnataka Govt to Address e-Khata Issues
Real Estate

CREDAI Bengaluru Urges Karnataka Govt to Address e-Khata Issues

The Confederation of Real Estate Developers' Associations of India (CREDAI Bengaluru) submitted a letter to Krishna Byre Gowda, the Revenue Minister of Karnataka, highlighting critical issues in the real estate sector, with a particular focus on concerns related to e-khata. The same document was also presented to Munish Moudgil, the Special Commissioner (Revenue) of Bruhat Bengaluru Mahanagara Palike (BBMP).

In addition, the CREDAI Bengaluru delegation made a parallel submission to Gowda and Dayananda, the Inspector General of Registration and Commissioner of Stamps, requesting the reinstatement of the previous cap of Rs 1 million on stamp duty for both title deed deposit agreements and mortgage deeds.

Amar Mysore, the President of CREDAI Bengaluru, stated that the sudden implementation of mandatory e-khata had led to a surge in applications, resulting in an overflow and causing significant distress for people trying to get their documents registered. He pointed out that the recent increase in stamp duty rates, implemented disproportionately, had affected the real estate sector. For example, a MoDT for a construction finance loan of Rs 1 billion now incurs a stamp duty of Rs 5 million, compared to the previous cap of Rs 1 million.

He further noted that the current process of uploading documents for e-khata and the verification procedures adopted by BBMP were time-consuming and cumbersome, leading to delays in the registration process for various documents.

CREDAI Bengaluru requested the implementation of e-khata in a phased manner to ensure smooth operations, as e-khata across Bengaluru urban limits was still in the process of being updated and uploaded onto the e-aasthi portal. The industry body also expressed concerns regarding how the new system was affecting stamp duty calculations for undeveloped land. With the insistence on e-khata, undeveloped lands were now being wrongly valued based on price per square foot, rather than the previous method of valuing by the acre.

The Confederation of Real Estate Developers' Associations of India (CREDAI Bengaluru) submitted a letter to Krishna Byre Gowda, the Revenue Minister of Karnataka, highlighting critical issues in the real estate sector, with a particular focus on concerns related to e-khata. The same document was also presented to Munish Moudgil, the Special Commissioner (Revenue) of Bruhat Bengaluru Mahanagara Palike (BBMP). In addition, the CREDAI Bengaluru delegation made a parallel submission to Gowda and Dayananda, the Inspector General of Registration and Commissioner of Stamps, requesting the reinstatement of the previous cap of Rs 1 million on stamp duty for both title deed deposit agreements and mortgage deeds. Amar Mysore, the President of CREDAI Bengaluru, stated that the sudden implementation of mandatory e-khata had led to a surge in applications, resulting in an overflow and causing significant distress for people trying to get their documents registered. He pointed out that the recent increase in stamp duty rates, implemented disproportionately, had affected the real estate sector. For example, a MoDT for a construction finance loan of Rs 1 billion now incurs a stamp duty of Rs 5 million, compared to the previous cap of Rs 1 million. He further noted that the current process of uploading documents for e-khata and the verification procedures adopted by BBMP were time-consuming and cumbersome, leading to delays in the registration process for various documents. CREDAI Bengaluru requested the implementation of e-khata in a phased manner to ensure smooth operations, as e-khata across Bengaluru urban limits was still in the process of being updated and uploaded onto the e-aasthi portal. The industry body also expressed concerns regarding how the new system was affecting stamp duty calculations for undeveloped land. With the insistence on e-khata, undeveloped lands were now being wrongly valued based on price per square foot, rather than the previous method of valuing by the acre.

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?