BANGALORE: In 2009, P Hanume Gowda who worked as a manager with a private company purchased a 1,250 sq ft revenue site for Rs 10 lakh from a realtor at Vidyaranyapuram, near Yelahanka, north Bangalore. Post retirement, Gowda decided to pool in all his savings and build his dream home but fell short of Rs 5 lakh.
He desperately tried to raise loans from various banks. But his application was rejected on the ground that his revenue site didnt have the required clearances. Gowda didnt lose heart. Instead, with the help of a tout, he approached a BBMP officer in the revenue wing and sealed a murky deal.
The deal was to upgrade his B Khata (certificate without title deeds and deviations) to A Khata (certificate issued for no deviations and property ownership), provided he paid a betterment fee of Rs 2 lakh and service charge (read bribe) of Rs 3 lakh. An elated Gowda agreed to the deal but on the condition that he would pay the money only after raising the bank loan and after the BBMP issues him an A Khata. Gowdas decision was worth the money he spent as the value of the property has increased by about four times since.