CREDAI Bengaluru Urges Karnataka Govt to Address e-Khata Issues

13 Dec 2024 CW Team

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.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..