Press Esc to close
Friday 21 July 2017
News updated at 11:56 AM IST

'Land was bought based on proper papers'

Bangalore, Jan 31, 2013, DHNS: 1:36 IST
Palladium Constructions Private Limited, one of the companies that purchased land from GKW Limited which was allotted the land by the erstwhile City Improvement Trust Board (CITB), rechristened as BDA between 1965-67, has said that its purchase was based on proper documentation and that it even has the required approvals to pursue its current project on the land.

Going by the memorandum by the then Special Deputy Commissioner dated November 29, 1984, the Bangalore Development Authority (BDA) was to retrieve the said land and return the title rights of the same to the original owners.

However, Palladium has said: “We had conducted a detailed and due diligence prior to the purchase of the property from GKW, which established that the said property was conveyed absolutely by the CITB by way of three sale deeds.”

It has maintained that the transaction between GKW and Palladium is legal as GKW held the sale deeds of the scheduled property and that the CITB had conveyed the title over the property to GKW absolutely without imposing any conditions. Further, the company said that it is developing the property after securing the necessary approvals from the authorities concerned.

The company has purchased 16.67 acre of land from GKW.

Go to Top

Photo Gallery
BJP supporters celebrate the early lead of NDA presidential nominee Ram Nath Kovind in Patna on...

BJP supporters celebrate the early lead of NDA presidential nominee Ram Nath Kovind in Patna on...

Tamil farmers hit their heads with footwears during their protest for loan waiver and...

Tamil farmers hit their heads with footwears during their protest for loan waiver and...

Destitute and elderly survivors of Bhopal Gas Tragedy protest in front of the state assembly...

Destitute and elderly survivors of Bhopal Gas Tragedy protest in front of the state assembly...

Members of Human Rights Defence shout slogans against the Karnataka government over the transfer...

Members of Human Rights Defence shout slogans against the Karnataka government over the transfer...

People protest during the 'Shimla Bandh' and demand justice for teenage school girl who was raped...

People protest during the 'Shimla Bandh' and demand justice for teenage school girl who was raped...

Britain's Foreign Secretary Boris Johnson shakes hands with a humanoid robot Wabian2 at Research...

Britain's Foreign Secretary Boris Johnson shakes hands with a humanoid robot Wabian2 at Research...

Fire fighters try to break the glasses of an office building which caught fire in Kolkata on...

Fire fighters try to break the glasses of an office building which caught fire in Kolkata on...

An artisan works inside a workshop making idols of Hindu elephant god Ganesh, the deity of...

An artisan works inside a workshop making idols of Hindu elephant god Ganesh, the deity of...

A Kanwaria or devotee of Hindu god Shiva shelters from the rain in front of a poster of Lord...

A Kanwaria or devotee of Hindu god Shiva shelters from the rain in front of a poster of Lord...

Vijay, the famous White Tiger of Delhi zoo, at its enclosure in New Delhi on Thursday. The zoo...

Vijay, the famous White Tiger of Delhi zoo, at its enclosure in New Delhi on Thursday. The zoo...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.