In his Budget speech, Siddaramaiah, Chief Minister of Karnataka said that Government will digitize the property tax records of all 20 lakh properties in Bengaluru and issue digital e-Khatas from 2024-25. Following that, the State Government announced the plan of shops & establishments will be allowed to remain open until 1 am in Bengaluru to boost the Karnataka economy.
Speaking to this, Shantanu Mazumder, Executive Director – Bengaluru, Knight Frank India said, “With a substantial allocation of 3.5 lakh crore, the Karnataka government underscores its dedication to state-wide growth and transform Bengaluru into a world-class city. “Proposals like the white-topping of major roads demonstrate a commitment to infrastructure development and urban renewal, paving the way for a cleaner, more efficient Bengaluru”.
Similarly, commenting on the government’s initiative to digitise the records of all 20 lakh properties in Bengaluru, Mallanna Sasalu, CEO, Provident Housing Ltd said, “This is a great initiative by the state government and a right step in the direction of administrative reforms through technology and modernization of asset records”.
At the same time, Ashish Sharma, City Head – Bangalore, ANAROCK Group said “Enhanced transparency and efficiency can lead to faster transactions, increased investor confidence, and higher property values. Additionally, digital records could facilitate easier access to credit and a more stable rental market by providing clear ownership records. Effective implementation and security of these digital records are crucial for maximizing the benefits of this initiative”.
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