News

News

Dear Member/Associate Members,
Date:10-05-2017

Sub: Updates of Residential Layout proposed at Bidadi.


The Managing Committee hereby wish to intimate all its members, an update on the proposed residential layout. In this regard the overall status of the project and the reasons for delay is as detained below:

The Society has been successful in procuring 15 acres of land for the proposed layout. T he Managing Committee is in the process of procuring another 10 acres of land, which is expected to be completed within the end of May. 2017.


Please note that, a RTI worker made an application before Assistant Commissioner, Ramanagar requesting to protect the government lands in and around the lands where our society intend to form the proposed layout. Pursuant to which, all the revenue approvals which was made was revoked and a special committee was formed by the Assistant Commissioner to inquire and approve the applications with respect to lands where the proposed layout is to formed. Accordingly, we had to undergo the whole process of approval again, which has caused unexpected delay in revenue approvals. However, as the approvals are made after thorough investigation, further complexities will be reduced and the managing committee knowing the same, has fully co-operated with the revenue department in this regard.


As intimated in the last Annual General Meeting, our earlier Developer has quit from the project due to personal reasons due to which the Managing Committee had to take charge of all the pending approvals and responsibility of assembling of land. The Managing Committee is concentrating on acquisition of land to make sure that the Society procure the required lands within the available money, without any rise in the site cost. The Managing Committee has invested most of its time to regain the confidence of the land owners, who have an agreement of sale with the earlier developer. We are happy to inform all the members that the Managing Committee has been in direct contact with all the land owners and have cordial relationship with them. The Managing Committee hereby confirms that it will complete the process of land acquisition with in next 4 months, as required to provide sites all its members. Further, since our earlier Developer has quit and has appointed a new developer the managing committee is successful in obtaining change of land use to an extent of 5 acres and procure 15 acres of land in favor of the Society through its Directors as mentioned above.


The managing committee wish to inform that the land in which the residential layout is proposed has come within the jurisdiction of the Bidadi municipality and the location of the proposed layout is very good for residential layout, which even the members are aware. Further, the Managing Committee is also well aware of the fact that our members have put in their hard earned money to our Society and the Managing Committee here by assure to provide the sites which are worth the investment made by our members.


Further, the managing committee will be calling for the payment of 4th instalment very shortly and the Managing committee again wish acknowledge its immense regards towards its members who have been patient and have always been providing their continuous support till date. Further, the Managing Committee hereby assure to work in the better interest of the members.



Sub: Updates of Residential Layout proposed at Bidadi. Date:15-02-2017


In furtherance to our previous update, on 26-12- 2016 we wish to state that Our Society is manage to acquire 11 acres of land as on 10-02- 2017 where the residential layout is proposed. Further, the Society is in the process of acquiring another 7 acres of the land which is adjacent to the lands which is already acquired and the same is expected to done within coming weeks.

The Previous developer could not process the assembling and development process effectively. However, the Managing Committee in the past month in addition to land acquisition, has channelized the pending work to effectively complete the same within the proposed 6 months and the Managing Committee is very confident in procuring the remaining land required to form the proposed layout within 3 months from now and to provide a well-planned residential layout to all our members.

Further, the managing committee will be calling for the payment of 4 th instalment very shortly and the Managing committee again wish acknowledge its immense regards towards its members who have been patient and have always been providing their continuous support till date. Further, the Managing Committee hereby assure to work in the better interest of the members. Thanking You.



Sub: Updates of Residential Layout proposed at Bidadi. 26-12-2016


In furtherance to our previous update, we wish to state that Our Society is managed to acquire 3 acres of land in Survey No,249 of Banandur village, Bidadi in favor of the Society on 5th December, 2016 and as on this date the Society is the owner of 5 acres of land where the residential layout is proposed. Further, the Society is in the process of acquiring another 10 acres of the land which is adjacent to the lands which is already acquired and the same is expected to done within coming weeks.

Further, the revenue approvals for which our Society has been following up since 2015 has been approved and the allotment of new revenue survey number for the lands is carried out by the Jurisdictional tahsildar. Further, after the exit of the former Developer as already we intimated to our members. The managing Committee has approached the concern Land owners and have taken their consent to execute necessary sale deed in favor of the Society.

The Managing Committee wish to inform all its members that the hard work of the Managing Committee for the past three years is finally paying off as the managing committee is able to pass all the hurdles and is able to acquire lands for the proposed layout. The Managing Committee is very confident in procuring the remaining land required to form the proposed layout within 4 months from now and to provide a well-planned residential layout to all our members as promised by us in the last Annual General Body Meeting.

The Managing committee has great regards towards its members who been patient and has been providing their continuous support till date. Further, the Managing Committee hereby assure to work in the better interest of the members. Thanking You.


Sub: Intimation of events post Annual General Meeting dated 25-09- 2016.

As proposed in the AGM, that the managing Committee has appointed a new developer as the former developer M/s. Vinayaka Builders and Developers had quit the project. Further, the Managing Committee has on the one hand settling the financial issues with the former developer and on the other hand completing the land assembling and development work. The details in this regard is as detailed below:

Mr. G Krishnamurthy has issued a letter on 20-09- 2016 to our society that he is quitting from the project due to his personal reasons and has authorized the Society to carry on with the completion of the project. Based on his letter, we have proposed this issue in the AGM held on 25-09- 2016. Further, the offer of Mr. G Krishnamurthy was formally accepted and approved at the Managing Committee meeting dated 27-09- 2016 and the same was intimated to Mr. G Krishnamurthy on the same day. Further, Mr. G Krishnamurthy was asked to provide (i) all the documents pertaining to land which is assembled for the Society (ii) financial expenditures along with his bank statement and other details.

However, instead of co-operating with the Society to reach a financial settlement Mr. G Krishnamurthy is causing problems to the society with a view to make financial gains from the money advanced by the Society. Hence, Society has taken necessary legal action to recover the money from him. As Mr. Krishnamurthy is finding it difficult to drag the issue to his advantage, he has resorted to the route of approaching members with false information. Further, the Managing Committee urge the members not pay heed to such false information and request to approach the Managing Committee for proper information.

The managing Committee is committed to complete the project shortly as committed in the last AGBM. In this regard the managing committee has taken all necessary precaution

Further, the Managing Committee will provide you the detailed report shortly to all the members. The Managing Committee regret the delay and request the co-operation of the members.

Thanking You
Sadashivamurthy
President