Demonetisation-hit realty sector gets no Siddaramaiah?balm

March 16, 2017

Bengaluru, Mar 16: Chief Minister Siddaramaiah has not proposed any measures to boost the realty sector in his 2017-18 budget, though demonetisation of high-value notes has hit the sector hard.

realty

Document registration, including sale deeds and agreement deeds, has come down by 25% from November last year, when the Centre demonetised Rs 500 and Rs 1,000 notes. Revenue from the stamps registration department has, as a result, decreased by Rs 1,350 crore. The government had fixed a Rs 9,100-crore target in the current financial year.

The sluggishness in the sector is likely to continue in the coming financial year also. Hence, the chief minister has set a moderate revenue target of Rs 9,000 crore from the department in the coming fiscal year.

Various associations of real estate companies had urged the chief minister to bail out the sector. They had asked the government to reduce stamp duty on registration of immovable properties, joint development agreements, affordable housing units to help the sector overcome sluggishness.

Siddaramaiah has, however, proposed to amend the Karnataka Stamp Act, 1957 to rationalise imposition of stamp duty on purchase and sale of stocks through agents or brokers.

The chief minister severely criticised the Centre on demonetisation in his budget speech. “Demonetisation caused a huge amount of distress to the public but the Union government is yet to disclose what it has achieved by it. The entire cooperative sector that is so critical in servicing the farmers and the rural folk, virtually came to a stand still. The manner of implementation betrayed a lack of preparedness, with the banking system just not geared up for this responsibility given to them (sic),” he stated.

The Centre and the Reserve Bank of India should have foreseen the exigencies and should have taken appropriate steps to insulate the common man from its effects, he added.

On the cards

Survey of all lakes by forming district-level task force at a cost of Rs 10 cr

Less paper’ scheme will be extended to all Revenue dept offices

Implementation of digital land records management project

Steps to provide medical facilities to Sabarimala pilgrims

Converting 1,100 residential areas having no document titles into revenue villages

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News Network
December 19,2025

Mangaluru: The Mangaluru CEN police have arrested a 23-year-old man for allegedly posting provocative and misleading content on an Instagram page named “mr_a_titude”, targeting the Bajpe police.

Mangaluru Commissioner of Police Sudheer Kumar Reddy C H identified the arrested as Abhishek M, a resident of Katipalla in Mangaluru.

A case has been registered at the Bajpe Police Station under Sections 353(1)(c), 353(2), 56, and 57 read with Section 189 of the Bharatiya Nyaya Sanhita (BNS) in connection with the post.

According to police, the accused uploaded a photograph of a hotel on the Instagram page and alleged that accused persons in a murder case under the Bajpe police jurisdiction were being given “royal treatment” by the police, including being served beef meals daily from the hotel.

The post further accused the police of supporting criminals, misusing their authority, and betraying public trust. Police said the content was provocative in nature and aimed at inciting public outrage against the police.

Following the post, a case was registered at the Bajpe police station, and further investigation was transferred to the CEN police station.

Police records indicate that the accused has a criminal history, with multiple cases registered against him, including murder, attempt to murder, assault, and robbery at the Surathkal Police Station, and one case at the Kaup Police Station.

The Commissioner said the accused was traced and arrested using technical evidence.

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News Network
December 15,2025

Mangaluru police have arrested a 27-year-old NRI on his return from Saudi Arabia in connection with an Instagram post allegedly containing derogatory and provocative remarks about the Hindu religion, officials said on Monday.

The accused, Abdul Khader Nehad, a resident of Ulaibettu in Mangaluru, was working in Saudi Arabia when the post was uploaded, police said.

A suo motu case was registered at the Bajpe police station on October 11 after an allegedly offensive post circulated from the Instagram account ‘team_sdpi_2025’. Police said the content was flagged for being provocative and derogatory in nature.

During the investigation, technical analysis traced the Instagram post to Nehad, who was residing abroad at the time, a senior police officer said. Based on these findings, a Look Out Circular (LOC) was issued against him.

On December 14, Nehad arrived from Saudi Arabia at Calicut International Airport in Kerala, where he was taken into custody on arrival. Police said further investigation is underway.

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News Network
December 5,2025

Mangaluru: In a significant step to curb online hate and intimidation, Mangaluru City Police have registered a suo motu case against multiple Instagram accounts accused of circulating alleged provocative and threatening content.

While monitoring social media activity on Tuesday, Kankanady Town PSI Anitha Nikkam identified the Instagram handle ‘team_targetttt_900’ for posting a hate message alongside images of lethal weapons. Another account, ‘team_nagara_900’, allegedly shared a threatening post targeting activist Bharath Kumdelu, tagging additional pages such as KARAVALI-OFFICIAL.

Several other accounts — including ‘immu_bhai.fan’, ‘target_boy_900’, ‘kings_of_manglore’, ‘team_target_boys.900’, ‘arshad_mangalore’, ‘target_ka19_ullal’, ‘team_target__’, ‘troll_tigersz_900’, ‘tr_group_900’, and ‘team_target_900’ — are also under scrutiny for spreading similar inflammatory material, police said.

Authorities have urged citizens, especially young social media users, to report suspicious pages and avoid engaging with groups that glorify violence or threaten individuals. Online hate can quickly escalate into real-world harm, and police stress that sharing or promoting such content can attract legal consequences.

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