UNAUTHORISED LAYOUTS/BUILDINGS WITHOUT SANCTIONED PALNS REGULARISATION IN KARNATAKA

IT APPEARS THAT THE CABINET HAS TAKEN A DECISION TO PERMIT/ALLOW `B` FORM PROPERTIES TO BE REGISTERED TO GENERATE REVENUE AND HAS REPLIED TO THE OBJECTIONS RAISED BY THE GOVERNOR FOR THE REGULARISATION OF UNAUTHORISED LAYOUTS.

THE PICTURE IS STILL VERY HAZY AND NOT CLEAR.

THIS AMENDMENT MAY ALSO `BECOME` A `SUBJECT` TO THE JUDICIARY`S `DELIBERATION`.

REALTY MARKET WILL HAVE MORE PROPERTIES SOON

WITH THE REGULARISATION, THE REALTY MARKET WILL OFFER MORE REGULARISED SITES, WHICH COULD NOT BE SOLD DUE TO NON-IMPLEMENTATION OF AKRAMA-SAKRAMA. THERE WILL BE GLUT IN THE MARKET FOR A BRIEF PERIOD, TILL THE REGULARISED PROPERTIES ARE DISPOSED OFF.

THE PRICES MIGHT NOT RISE DUE TO SUDDEN INFLUX OF PROPERTIES IN THE SALE DOMAIN AND IT WILL BE A BUYER`S MARKET FOR A BRIEF PERIOD.