Properjiwww.properji.com

The Pro-Buyer Technology Driven Research Analytics Platform for Home Buying

November 2014

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• Various types of plots• Bangalore’s property map• Documents to verify• Signs of legal issues• Some common pitfalls

Agenda

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Plot Classification

• Various plan sanctioning authorities- BDA or BMRDA(BIAAPA, BMICAPA,5 LPAs, RCUDA) and DTCP

• Various Zones in Bangalore as per the RMP 2015o There are nine different zoneso Plots in city limits must be in residential or mixed residential

• What is Conversion of land• Difference between Revenue and Gramthana

site• What is a Layout or Gated Community

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Bangalore’s property map• North, East and South East have seen highest

development• West Bangalore, areas around Mysore road, Tumkur

road and Magadi road has seen slower development• Some areas in North and East are facing severe

water crisis and buyers are hesitant to move in although other infrastructure in these areas are completed

• Low lying areas and areas surrounding lakes are seeing lesser buyers as these are prone to flooding

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Documentation

• Main documents- possession letter, allotment letter, parent deed, EC, family tree,

• Supporting documents- conversion certificate, approved plan, khata, tax paid receipt, NOCs from various agencies, MR, RTC, village map, release letter, survey sketch

• Difference between A-khata and B-khata

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Sign of Legal issues• Squatters on the site• Original Suit(OS) No./Writ Petition/RFA Nos on

the site• Government Notifications/GOs• Land being used for cultivation• Any board/notice from government for

acquisition• Land under High tension wire, inside BDA

park, adjoining storm water drains are not advisable

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Some common pitfalls • Always insist on original documents and deal

with the owner directly• Do not rely on developer/bank’s lawyer• Do not transact in cash. Use accounted money

for all dealing• Use of common area in any layout cannot be

restricted to the residents only. So check if you are being charged extra for this exclusivity

• Akrama Sakrama is not an act and not enforceable as of today

To inject Trust, Transparency and Professionalism for home buyers in India by

Properji Vision

• provides Project specific fact-based research analytics reports holding buyer’s interest as sacrosanct

• provides both quantitative and qualitative research analytics

• uses algorithms to score projects, builders and location

Solves the problem of selection

Properji…

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Properji.comProperji is a combined effort of Ivy League and IIM

professionals to inject trust, transparency and professionalism in property transactions in India