| Bangalore or bangaluru is the capital of Indian state of | | | | authority which one has to go when buying a property |
| Karnataka. Bangalore has an estimated metropolitan | | | | in bangalore.The Bangalore Development Authority |
| population of 6.1 million (2006), making it India's third | | | | (BDA) is the sanctioning authority for high rise |
| largest city and fifth largest metropolitan area. | | | | buildings.The innermost circle falls under the jurisdiction |
| Bangalore Rs. 22,000 crore economy makes it a | | | | of the Bangalore City Corporation (BCC) which |
| major economic centre in India.Bangalore is India's | | | | permits construction of building. |
| fastest growing market. Bangalore's per capita income | | | | Coming more closer we have seven City Muncipal |
| of rs 2.9 lakh (US $ 6460) is the highest for any Indian | | | | Councils (CMCs) and Town Muncipal Council (TMC) |
| City. | | | | that control the intermediate circle.Its overseen by |
| Bangalore is called the Silicon Valley of India because | | | | BDA. The Bangalore Metropolitan and Rural |
| of the large number of Information Technology | | | | Development Authority (BMRDA) looks over the rural |
| companies located in the city which contribute 38% of | | | | district construction. |
| India's Rs 100,000 crore ( US $ 22 billion) IT and | | | | BDA Approved Property |
| Software export market. | | | | These are site from land acquired by the BDA through |
| Bangalore experienced a boom in its real estate | | | | a legal process and allotted to applicants. Legally these |
| market in the 1980s and 1990s, spurred by capital | | | | sites are the best and have all the relevant documents. |
| investors from other parts of the country who | | | | For bankers to finance the property they need not |
| converted Bangalore's large plots and colonial | | | | trace the property beyond acquisition by the BDA. |
| bunglows to multistorey apartments. | | | | BCC Approved Property |
| It is now a dream of many to own a piece of real | | | | Generally owned by individuals through inheritance |
| estate in this city.You have to be very careful when | | | | partition, gift etc, these are sites in the jurisdiction of the |
| you are planning to buy property in this city. According | | | | BCC. You will find very few vacant sites in this |
| to a well known real estate consultant a lot no. of | | | | category. |
| application for loans are rejected simply because of | | | | Keep in mind this is your one time investment so you |
| the title of properties cannot be traced at all. | | | | have to be very careful. |
| Let us look at what are the legal formalities and | | | | |