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Puravankara Group has entered a joint development on a 4-acre Hennur Road parcel in Bengaluru, with an estimated GDV of over INR 1,300 crore and a saleable area of 0.84 million sq. ft. The project aligns with the company's strategy of asset-light expansion in high-demand micro-markets, particularly North Bengaluru, which benefits from proximity to the airport, tech parks, and well-developed infrastructure. The project is expected to launch within 6-12 months. Earlier strategic acquisitions in Anekal, KIADB Hardware Park, and Balagere have strengthened Puravankara's Bengaluru growth pipeline.Read more
09 Mar 2026
Authorities in Bengaluru have announced a new traffic management plan aimed at improving pedestrian safety and reducing congestion. The proposal includes building 101 skywalks at major junctions to allow pedestrians to cross busy roads safely and avoid conflicts with vehicles. Officials have also relocated 103 poorly positioned bus stops to streamline public transport movement and reduce bottlenecks on key roads. In addition, 137 waterlogging-prone locations across the city have been identified for urgent drainage repairs ahead of the monsoon season. The initiatives will be incorporated into the upcoming budget of the Greater Bengaluru Authority (GBA). Officials said these measures form part of a broader effort to improve traffic flow, urban mobility and civic infrastructure in the rapidly growing city.Read more
09 Mar 2026
IBM has launched its first Infrastructure Innovation Centre in Bengaluru, strengthening India's role in developing enterprise-grade artificial intelligence (AI) and infrastructure technologies. The facility, located at the India Systems Development Lab (ISDL) campus, is designed as a collaborative engineering hub where IBM teams will work with clients, software vendors, and system integrators to build secure and scalable AI solutions. By bringing together experts across processors, operating systems, firmware, and virtualization, the centre aims to accelerate the development of hybrid-cloud and AI infrastructure systems. The launch highlights IBM's increasing reliance on India for advanced engineering and product ownership in areas such as mainframes, servers, storage, and cloud technologies, while reinforcing Bengaluru's position as a global technology innovation hub.Read more
09 Mar 2026
Kempegowda International Airport in Bengaluru has been recognised as the world's best airport for arrivals for the fourth consecutive year at the Airport Service Quality (ASQ) Awards by Airports Council International. The recognition is based on passenger feedback collected through global surveys that assess the overall arrival experience, including immigration, baggage delivery, cleanliness, and ease of navigation. The airport, operated by Bangalore International Airport Limited, has maintained consistent service standards over the past few years through infrastructure upgrades and operational improvements aimed at providing faster and more convenient arrivals for travellers.Read more
08 Mar 2026
A scientific study by the Indian Institute of Science has raised concerns about a possible groundwater shortage in several parts of Bengaluru, identifying around 65 wards that could face supply stress during the coming summer months. The findings show a steady fall in groundwater levels due to heavy dependence on borewells and rising urban demand. In response, the Bangalore Water Supply and Sewerage Board has prepared an emergency plan worth about INR 10 crore. The plan includes tanker deployment, stricter monitoring of borewells, faster water connections, and conservation measures to manage potential shortages.Read more
08 Mar 2026
Embassy Office Parks REIT has expanded its commercial portfolio by acquiring the Pinehurst office building in Bengaluru's Embassy GolfLinks Business Park for INR 852 crore. The acquisition was completed through the purchase of Eleanor Realty Holdings India, which owns the asset. The Grade-A property spans about 0.3 million sq ft and is fully leased to a global investment firm. The transaction was executed at a price below the average of two independent valuations. The deal also marks a notable third-party acquisition in India's REIT market and strengthens Embassy REIT's presence in a key office micro-market.Read more
04 Mar 2026
The Greater Bengaluru Authority identified around 50 properties in Bommanahalli with unpaid property taxes totaling nearly INR 1.1 crore. Ahead of a scheduled auction to recover dues, 14 defaulters paid over INR 27 lakh through challan and online methods, preventing their properties from being auctioned. Despite this, no bids were received for the remaining 36 properties during the auction. Civic authorities now plan a re-auction to recover the pending dues. The move is part of the city's broader efforts to enforce tax compliance and strengthen municipal revenue collection.Read more
03 Mar 2026
Sattva Group has announced the pre-launch of Sattva Vasanta Cove, a one-acre residential development within its Sattva Urbana township in North Bengaluru, targeting young professionals and first-time homebuyers. The project comprises a single triangular tower with 200 studio and one-bedroom apartments spread across 12 floors, with prices starting from INR 54 lakh. Located around five minutes from Kempegowda International Airport, the development is positioned amid expanding employment clusters and ongoing infrastructure upgrades in North Bengaluru. The launch coincides with sustained growth in the micro market, supported by airport-led economic activity, metro expansion, road upgrades and increasing office absorption. Industry estimates indicate residential price appreciation of 15-25 per cent in the region over the past three to four years, underlining rising end-user and investor interest.Read more
01 Mar 2026
Domicil, part of the HTL Group, has expanded its India presence with the launch of Domicil Sleep, a new vertical focused on premium mattresses and sleep accessories. The brand has simultaneously opened two Domicil Sleep experience stores in Bengaluru, located at LVS Mall on Airport Road and BTM Layout 2nd Stage. The move marks Domicil's entry into India's organised premium sleep and wellness segment, with an emphasis on ergonomics, material quality and in-store experiential retail. The mattress range comprises 12 variants across five sizes, supported by complementary pillows, and is positioned as part of a broader lifestyle offering rather than a standalone product category. The Bengaluru launches form the starting point of the brand's India expansion strategy in the sleep segment.Read more
26 Feb 2026
The Rail Land Development Authority (RLDA) of India has issued a request for proposal to lease a 34,517 sqm tract of railway land within the Yeshwantpur railway colony in Bengaluru for 99 years to enable a private residential development. Under the proposed arrangement, the selected developer will both construct new apartments for sale and undertake the redevelopment of existing staff quarters 316 units currently used by South Western Railway personnel which will remain reserved for railway staff. The project, with an estimated cost of INR 119 crore, will generate lease revenue shared between RLDA and the developer. E-bids must be submitted by 18 March. The initiative, presented as revenue generation, has attracted debate on optimal use of railway land against broader infrastructure needs.Read more
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24 Feb 2026
The Greater Bengaluru Authority (GBA) has initiated a first-of-its-kind enforcement action to recover long-standing property tax arrears, auctioning seven defaulting properties after repeated attempts to secure payment failed. With outstanding dues totalling about INR 437 crore across nearly 7,000 units, the civic body moved to public auction as a last resort following notices, field visits and recovery drives by the former Bruhat Bengaluru Mahanagara Palike and the newly formed city corporations. Five properties in the East City Corporation area and two in the North City limits were successfully sold, while listings in the Central zone attracted no bidders. During bidding in the KR Puram division, 19 defaulters settled their dues when auctions began, and one property was withdrawn due to encroachment concerns. Deputy Chief Minister D K Shivakumar reiterated that affluent owners, including those earning rental income, would not be spared from tax enforcement.Read more
24 Feb 2026
Thousands of flats and villas built by the Bangalore Development Authority (BDA) on the outskirts of Bengaluru are facing persistent sales headwinds, with 2,294 units still unsold years after completion despite being priced below comparable private developments. Various attempts to stimulate demand including property exhibitions, bulk-purchase discounts and a 5 per cent rebate on select projects have yielded limited interest, according to local reports. Prospective buyers and existing owners cite inadequate infrastructure and poor connectivity as key deterrents, with many layouts still lacking proper roads, street lighting and essential civic services. Maintenance concerns have also emerged in the absence of functional residents associations, while issues such as seepage in some buildings have further dampened appeal. Even villas launched three years ago have seen only 16 of 100 units sold, underscoring persistent demand challenges for BDA housing stock.Read more
23 Feb 2026
Puravankara Limited has announced the launch of Purva Silversky, a premium residential development located at Hebbagodi in Electronic City, off Hosur Road, Bengaluru. Spread across nearly 6.99 acres, the project comprises 356 residences housed in three 32-storey towers and is positioned as a low-density development with a strong focus on privacy and open spaces. Nearly 88% of the project area is open-to-sky, with only four homes planned per floor. Strategically situated close to major IT hubs, the project benefits from metro connectivity, with Huskur Metro Station located around 900 metres away. Offering large-format 3, 4 and 5 BHK homes, the development is targeted primarily at end-users seeking spacious homes, strong workplace proximity and a comprehensive lifestyle environment within one of Bengaluru's most established technology corridors.Read more
21 Feb 2026
Mysuru City Corporation (MCC) has started constructing a construction and demolition (C&D) waste processing facility costing INR 11.7 crore on a 9 acre site at Hanchya Sathagalli, near the Outer Ring Road. The plant will process around 100 tonnes of C&D waste daily, addressing a significant portion of the city's 500 tonnes of daily solid waste. Preparations include site groundwork, collection of debris, and deployment of tippers. The project also aims to reduce illegal dumping and improve recycling ahead of a Union ministry cleanliness survey scheduled for mid-March.Read more
20 Feb 2026
The Bangalore Development Authority has replaced its uniform 10 per cent penalty on vacant sites with a graded penalty structure ranging from 2.5 per cent to 10 per cent of the guidance value, following concerns from allottees. The change applies to plot owners who did not commence construction within the stipulated five-year period under their lease-cum-sale agreements. Penalty rates will be determined by site size and, where applicable, based on the guidance value prevailing at the time of construction or the lower of alternative calculations involving Marginal Cost of Funds-based Lending Rate (MCLR) plus 2 per cent interest. Plot owners may opt to surrender sites instead of paying penalties, with 12.5 per cent of the amount already paid withheld before any refund. The revised structure aims to better reflect proportionality and ease financial burden on smaller plot holders, though certain layouts are excluded from the new regime. Allottees who have already paid the earlier flat penalty are not eligible for refunds.Read more
20 Feb 2026
Japanese aircraft interiors maker Jamco Corporation is set to establish a Product Engineering Centre in Bengaluru, marking a key expansion of its engineering and manufacturing footprint in India's aviation sector. The centre will focus on developing and manufacturing full-scale aircraft interior components for leading global airlines including Boeing and Airbus, underlining India's growing role in the aerospace supply chain. Company leaders noted that the investment deepens Jamco's long-term commitment to the region, supported by Karnataka's strong aerospace ecosystem and skilled workforce.Read more
19 Feb 2026
Festo has inaugurated a new Global Capability Centre (GCC) in Bengaluru as part of its strategy to advance Industry 4.0, automation and smart manufacturing. The 71,000 sq ft facility near Electronics City will accommodate up to 600 employees and marks a significant milestone as the company completes 40 years of operations in India. Designed as a strategic engineering and digital hub, the centre will focus on advanced engineering, software development, data analytics and process optimisation to support Festo's global operations. The investment reinforces Bengaluru's position as a leading technology destination while strengthening Festo's commitment to sustainable automation and global research and development initiatives.Read more
18 Feb 2026
The Bangalore Development Authority (BDA) has established a two-member committee of retired district judges to investigate a controversial demolition drive carried out in the Thanisandra area of north Bengaluru on 8 January, which has sparked allegations of improper procedure and possible land grab. The authority said the panel will review whether legal processes were followed in the removal of structures on land it claims as BDA property in Arkavathi Layout, a move that followed earlier encroachment clearance operations in the city. Residents and affected families have contested the demolitions, asserting that dozens of homes were razed without adequate notice and that many occupants had documents such as e-khata certificates and tax receipts. The inquiry is expected to begin after late February and assess documents including proof of occupation and notices served before the demolition.Read more
17 Feb 2026
Shriram Properties Limited (SPL) has acquired a nearly 4-acre land parcel on Sarjapur Main Road in South-East Bengaluru and plans to develop a premium high-rise residential project with an estimated gross development value (GDV) of around INR 550-600 crore. The proposed project will offer about 5 lakh sq. ft. of saleable area and is expected to be launched in the latter part of 2026. Strategically located near key hubs such as Whitefield, Varthur and Outer Ring Road, and close to the upcoming Dommasandra Metro Station, the development aims to tap sustained demand in the Sarjapur micro-market. The acquisition strengthens the company's pipeline in one of Bengaluru's fastest-growing residential corridors.Read more
16 Feb 2026
Bengaluru FC has entered into a strategic partnership with Century Real Estate, onboarding the developer as a Principal Sponsor and exclusive back-of-jersey partner for the upcoming Indian Super League season. Under the agreement, Century Real Estate's logo will feature on the back of the club's match jerseys, along with branding across stadium assets, fan engagement zones and digital platforms. The partnership brings together two Bengaluru-based institutions with deep-rooted ties to the city. Both organisations said the collaboration reflects a shared commitment to community engagement, long-term growth and strengthening Bengaluru's sporting and cultural presence on the national stage.Read more
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