Major hike likely in registration fees for real estate agents

November 14, 2016

Bengaluru, Nov 14: Real estate agents operating in Bengaluru and other major cities of the state may have to shell out hefty sums to register themselves under the new Real Estate (Regulation and Development) Act, 2016.

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The state government has in its draft rules — the Karnataka Real Estate (Regulation and Development) Rules, 2016 — prepared for implementing the Act proposed to create two categories of real estate agents: those operating in the Bengaluru Metropolitan Region (BMR) jurisdiction and those in other planning areas outside the BMR jurisdiction. Two separate slabs of registration and renewal fees have been proposed in the draft notified on October 24 this year.

Registration fee proposed for the agents in the BMR is higher compared to those operating in other places. An individual agent has to pay Rs 50,000 as registration fee and Rs 5 lakh for a real estate company in the BMR. It is Rs 25,000 for an individual outside the BMR jurisdiction and Rs 2.5 lakh for real estate entities. The Centre has in its rules fixed Rs 10,000 for an individual agent and Rs 50,000 in case of real estate firms. The registration will be valid for five years.

However, there is no mention of registration fee for the projects in the draft copy. The Centre has fixed Rs 5 per square metre for up to 1,000 sq m area and Rs 10 per sq m beyond this limit. The Real Estate Act envisages ensuring transparency and accountability in the sector. Except for the registration fee, the state government has adopted almost all the provisions of the rules notified by the Centre recently, including the rate of interest payable by the promoter to the allottee in case of refund or compensation.

Besides, there is ambiguity in the draft on jurisdiction of agents operating in Bengaluru. The draft says the jurisdiction is within the Bangalore Metropolitan Region Development Authority (BMRDA) jurisdiction. BMRDA includes six local planning authorities of BIAAPA, Nelamangala, Anekal, Hoskote, Kanakapura and Magadi. But the BDA and the BBMP do not fall under the BMRDA jurisdiction. Official sources in the housing department, however, said it is the BMR jurisdiction.

According to the draft rules, a Real Estate Regulation Authority (RERA) will be set up wherein the promoters have to register their projects before marketing them. The real estate agents too have to register themselves with the authority, which will make all information on both the projects and the agents available on its website. The authority ensures that the promoters comply with legal formalities while implementing the project. The promoter has to comply with deadlines for completing the project. The allottees are entitled to compensation in case of delay in project implementation.

On seeking his reaction on the registration fee for the projects, Principal Secretary to Housing department Shambhu Dayal Meena said people can file objections if they have any. Housing Minister M Krishnappa said the government will rectify all mistakes, if any, at the time of issuing the final notification.

Suggestions and objections can be sent to [email protected]

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News Network
December 15,2025

Mangaluru, Dec 15: Educational institutions in Mangaluru that rely on the popular Mangala Stadium for their annual sports events are bracing for an inconvenience as the city's key sporting venue is set to close its gates for a significant upgrade. The stadium is expected to be unavailable for approximately two months starting from January 15, 2026.

The closure is necessitated by a proposed overhaul of the stadium's facilities, with a special focus on upgrading the synthetic track. Pradeep Dsouza, Assistant Director of the District of Youth Empowerment and Sports (DYES), Dakshina Kannada, confirmed the development.

"Experts have visited the stadium, conducted a thorough inspection, and have given the go-ahead for a complete makeover," Dsouza stated. "Funds have been allocated for the project, and we are currently awaiting the final green signal from state officials to commence the work. We anticipate that the work will likely begin in the second week of January. Consequently, we have stopped renting out the stadium to colleges and other organizations in preparation for the upgrade."

The timing presents a logistical challenge for colleges, as many schools have already concluded their sports meets.

"Colleges will now be organizing their events and will need to find alternative locations to host their sports meets," Dsouza added. He suggested a few potential venues, including the Dakshina Kannada police ground, University College grounds, Panambur grounds, Swaraj Maidan in Moodbidri, and the Mangalore University sports grounds in Konaje.

However, many institutions note that finding a comparable venue will be difficult. While the DK police ground and University College grounds are closer to the city center, they do not possess the extensive facilities and infrastructure offered by Mangala Stadium.

Dr. P Dayananda Pai - P Satisha Govt First Grade College, Carstreet, is one such institution dependent on the stadium. Principal Jayakar Bhandary expressed hope for a swift completion of the work. "We expect the work to be completed at the earliest. If not, we will be forced to look for other venues to host the sports day for our students," Bhandary said, highlighting the pressing need for the city's main sporting facility.

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News Network
December 20,2025

Mangaluru, Dec 20: The Mangaluru City Police have issued a detailed traffic advisory ahead of the inaugural ceremony of Karavali Utsava, which will be held at the Karavali Utsava Ground on Saturday.

The festival will be inaugurated at 6:00 pm by Dakshina Kannada District Minister Dinesh Gundu Rao. Cultural and public programmes will be held at the venue every evening and will continue until January 2.

According to City Police Commissioner Sudheer Kumar Reddy, parking of vehicles is strictly prohibited on both sides of the road from Lalbagh to Karavali Utsava Ground. Visitors are requested to park their vehicles only at designated parking areas.

To help the public, traffic signboards and parking guidance flex boards have been installed along the routes leading to the venue. The police have urged commuters and visitors to follow these instructions to ensure smooth traffic movement.

Designated Parking Locations

•    Urwa Market Ground – Cars
•    Gandhinagar Government School (near Press Club) – Two-wheelers and cars
•    Ladyhill Church parking area – Two-wheelers and cars
•    Canara School Ground, Mannagudda – Two-wheelers and cars
•    Thimmappa Hotel premises – Two-wheelers and cars
•    Scout and Guide Bhavana premises (behind Karavali Utsava Grounds) – Two-wheelers
•    Urwa Market Road – Two-wheelers
•    Hat Hill Road – Two-wheelers

The police have appealed to the public to cooperate by following traffic rules and parking guidelines to avoid inconvenience during the festival.

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News Network
December 19,2025

Mangaluru: Public transport in Mangaluru is set for a state-led transformation as the government moves to deploy 100 new electric govt buses to replace unreliable private services. The initiative aims to provide a dependable alternative to private operators who have been frequently "cutting trips," leaving thousands of commuters stranded.

The announcement was made by Deputy Commissioner and MCC Administrator Darshan HV during a public phone-in session. The move specifically targets routes where private bus service has become erratic, ensuring that citizens no longer have to rely on a fluctuating private sector for their daily commute.

Restoring the Govt Presence

The transport crisis was brought to the forefront by Ramayya, a resident of Bajal, who highlighted a growing trend of private buses skipping morning and night trips. With the previous KSRTC (govt) services discontinued, residents have been left without a fallback option.

To fix this, the DC confirmed that the PM-eBus Sewa Scheme will bring 100 government-owned electric buses to the city:

•    Phased Deployment: The first 50 of the new 100 government buses are scheduled to arrive by March 2026.

•    State Infrastructure: Two new government depots, including one at Mudipu, are being prepared for operations.

•    Recruitment: The state has already begun training a new batch of government bus drivers to ensure the fleet is operational the moment it arrives.

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