29 Jul 2025

Realty firm Brigade Enterprises recently announced it aims for revenue exceeding INR 1,000 crore from its newly launched residential project, 'Brigade Avalon', in Bengaluru. The project, spread across 4.36 acres on Whitefield Main Road, features 206 apartments and offers a total development area of 6.4 lakh square feet. Whitefield is a key area for Brigade Enterprises, which has been a leading real estate developer since 1986, with a diversified portfolio across residential, office, and retail properties, alongside interests in hospitality and education.Read more

25 Jul 2025

Bengaluru's rollout of the digital e-khata system has brought hidden property tax liabilities into light. Around half a million properties were found to be underreported either by misclassifying commercial space as residential or understating built-up area leading to nearly INR 500 crore in recoveries. With over 5.5 lakh final e-khatas issued and draft versions for millions more, BBMP is sending notices and expects to recoup substantial sums yet to be assessed. This initiative builds on previous audits and is rapidly transforming tax transparency in the city.Read more

23 Jul 2025

Shruti R Pai, wife of the Manipal Group Chairman, has purchased a INR 64 crore luxury duplex in Bengaluru's Jayamahal Extension from Savyasachi Projects. Spanning the 13th and 14th floors of the Savyasachi Sarayu project, the 9,929 sq ft carpet area unit sets a benchmark price of INR 64,457 per sq ft. The transaction highlights a growing wave of high-value residential purchases in Bengaluru, driven by UHNIs amid limited luxury inventory. Jayamahal, near Bangalore Palace, is a top hotspot, with recent deals by Nithin Kamath, Binny Bansal, and Kris Gopalakrishnan's family. Experts say such properties are increasingly acquired for legacy, lifestyle, or end-use.Read more

21 Jul 2025

ACES India, a subsidiary of Saudi-based ACES, has signed a 13-year strategic agreement with Bangalore Metro Rail Corporation Limited (BMRCL) to roll out high-speed 4G and 5G mobile infrastructure across 62 metro stations under Phase 1 and 2 of Namma Metro. Using a neutral host model, ACES will provide seamless mobile connectivity for over 300 million annual commuters. The partnership supports Digital India and smart mobility goals by enabling multi-operator access, reducing network duplication, and accelerating rollout timelines. ACES has already worked on major telecom infrastructure projects across India, reinforcing its commitment to building future-ready digital frameworks in public spaces.Read more

12 Jul 2025

KVN Properties is partnering with Assetz Group to develop a residential project in North Bengaluru, with an estimated Gross Development Value (GDV) of INR 1,000 crore. KVN Properties will invest INR 500 crore in the project, which spans nearly 6 acres and covers 10 lakh sq ft of developable area. This marks KVN Properties' second project, following a tie-up with Puravankara Ltd for a INR 3,300 crore GDV project.Read more

10 Jul 2025

Puravankara Group has signed a joint development agreement (JDA) for a INR 1,000 crore housing project on a 5.5-acre land parcel in Balagere, East Bengaluru. The project will offer 0.83 million sq ft of saleable area and is expected to launch within 6-9 months. While the landowner and revenue-sharing terms remain undisclosed, the deal aligns with Puravankara's strategy to expand in Bengaluru's high-growth micro-markets. Balagere's appeal lies in its proximity to major IT hubs and established infrastructure. Earlier this year, the company secured projects on Kanakapura Road and in North Bengaluru, collectively valued at INR 4,000 crore. Puravankara operates across nine cities with 90+ completed projects.Read more

03 Jul 2025

Bengaluru's attempt to digitize property records through its e-khata system is facing mounting criticism from frustrated property owners. While more than 500,000 e-khatas have been issued so far, thousands of residents continue to battle with portal glitches, rejected documents, server crashes, and incomplete data integration. In newly added BBMP zones, citizens are being told to file fresh applications despite years of tax payments. Builders, too, are struggling due to the system's inability to process bulk khatas. The BBMP is now trying to control the damage through help camps, helplines, and offline support.Read more

29 Jun 2025

Narayana Hrudayalaya has acquired over 46,000 sq. ft. of land in Hulimavu, Bannerghatta Road, Bengaluru, for INR 246 crore through three deals-the largest involving 93,500 sq. ft. from Kelachandra Veneer Industries. While development plans remain undisclosed, the purchase aligns with the hospital chain's expansion strategy in south Bengaluru. Founded by Dr. Devi Shetty, the company operates 18 hospitals across India and has been strengthening its presence in the city's growing healthcare corridor. The acquisition follows a prior land deal in Begur Hobli worth INR 169 crore. The area's rising real estate value and improved infrastructure make it a hotspot for institutional investments.Read more

28 Jun 2025

AstraZeneca has strengthened its presence in India by expanding its global hub in Bengaluru with an investment of INR 166 crore. This move has generated 400 new jobs, taking the headcount at the facility to nearly 1,300. The development is focused on accelerating AI-led innovation in R&D, IT, and digital health services. This marks the company's second significant investment in India within a year, following the recent expansion of its Global Innovation and Technology Centre (GITC) in Chennai. AstraZeneca's total India workforce is now nearing 4,000.Read more

27 Jun 2025

Ericsson has launched a dedicated ASIC (Application-Specific Integrated Circuit) development unit in Bengaluru, expanding its R&D presence in India. The move is part of a strategy to strengthen semiconductor design capabilities and tap into India's deep tech talent. Over 150 professionals will be hired for the new unit. The facility will support Ericsson's proprietary Silicon platform, which powers its energy-efficient, high-performance hardware for 5G networks. Already running R&D centres in Bengaluru, Chennai, and Gurugram, Ericsson's latest step reinforces its role in shaping India's telecom ecosystem. The initiative also aligns with the country's broader goals of growing its semiconductor and 5G infrastructure.Read more

25 Jun 2025

Embassy Developments has signed a Joint Development Agreement for a 17.9-acre land parcel in Whitefield, Bengaluru, to launch a premium residential project spanning 1.6 million sq ft with around 1,000 units. Valued at INR 1,600 crore, this marks a major residential initiative post its merger and rebranding from Indiabulls Real Estate earlier this year. Whitefield remains a hotbed for housing demand, driven by proximity to IT hubs like TCS, IBM, and SAP, and home to projects like Prestige Raintree Park and Sobha Neopolis. With average rental yields at 4% and projected price appreciation of 25-30% by 2030, the area offers strong investment potential.Read more

23 Jun 2025

The third edition of the Bengaluru Retail Summit, organised by the Retailers Association of India, brought together top industry voices to explore the future of retail amid a rapidly evolving market. Held in Bengaluru, the event focused on how innovation and technology are reshaping retail strategies, especially in a city known for tech-forward consumers and deep cultural roots. Key sessions revolved around omnichannel trends, digital integration, consumer behaviour, and retail transformation, with participation from leaders across Amazon India, Reliance Retail, Zivame, SNITCH, Amant' India, and Lifestyle International, among many others.Read more

20 Jun 2025

Bengaluru's civic body, the Bruhat Bengaluru Mahanagara Palike (BBMP), will soon require e-Khata details for every online building-plan application, including those on its Nambike Naksha platform. Launching in early July, the new system links BBMP's E-Aasthi property database with the online building plan approval portal. Applicants must enter their electronic Property ID, allowing instant verification of ownership and tax payments and ending the need for paper documents. More than five lakh e-Khata records are already digitised, and the backend can process about 3,000 applications daily, many within two to three days. Automatic "deemed approvals" will penalise officials who delay decisions, boosting transparency and speed for developers and homeowners.Read more

18 Jun 2025

Cornerstone has secured a INR 1,700 crore term sheet from Kotak Alternate Asset Managers via structured non-convertible debentures to fund Bengaluru-based projects. The capital will support six residential projects in East Bengaluru, two commercial ventures centrally, and land consolidation in the north. This funding move helps Cornerstone manage its ongoing dispute with L&T Finance, which had disbursed INR 835 crore of a INR 1,285 crore sanction, yet recovered around INR 1,400 crore. A recent ARCIL notice triggered legal action, with the Karnataka High Court granting interim relief. With court protection and negotiations underway, Cornerstone is progressing on title clearances and project execution.Read more

17 Jun 2025

Japan's Toyo Engineering Corporation and MODEC Inc have jointly inaugurated their Global Capability Centre-TOYO MODEC OFS India Pvt Ltd-in Bengaluru. Located in Godrej Centre, Indira Nagar, the 1,00,000 sq ft facility will support international Floating Production Storage and Offloading (FPSO) projects. Aimed at boosting innovation and delivery efficiency, the centre currently employs 200 professionals and plans to expand to 750 within three years. This move highlights India's role as a key engineering talent hub. Inaugurated by Japan's Consul General, the centre reflects deepening Indo-Japanese collaboration in energy and infrastructure, while creating high-value engineering and procurement jobs.Read more

16 Jun 2025

India's residential property market has seen a sharp 48% rise over five years, according to the 1 Finance Housing Total Return Index, which measures pricing, rentals, and demographics. Bengaluru topped growth charts with a 79% increase, reaffirming its strong residential appeal. Mumbai remains India's most expensive market, with average rates nearing INR 26,975 per sq. ft. Delhi-NCR saw a 30% drop in unsold inventory, signalling healthy demand, while Hyderabad's stock ballooned by 177%, pointing to oversupply. Chennai reported a 51% rise in new launches but only 10% growth in sales, hinting at pressure on absorption. Kolkata saw both launches and sales decline by 29%. Across top metros, new launches rose 10% and sales jumped 33%, outpacing supply despite a 32% uptick in unsold inventory. The data highlights strong buyer sentiment and varying regional dynamics shaping India's maturing real estate market.Read more

13 Jun 2025

Amazon Development Centre India, along with its Seller Services unit, has leased over 1 million sq ft of office space in a tower near Kattigenahalli on Airport Road, North Bengaluru, for a monthly rent of INR 6.1 crore. The 10-year lease, signed via Sattva Horizon, began in October and includes a 15% rent escalation every three years, with no upfront deposit. The 11-floor building, located less than 30 minutes from the airport, can accommodate 6,000-7,000 employees, with Amazon paying INR 62.04 per sq ft for a carpet area of 714,000 sq ft. This large-scale commitment strengthens the commercial appeal of the Airport Road corridor, where residential rents for 2BHK units range from INR 20,000-25,000 and sale prices start at INR 80 lakh.Read more

11 Jun 2025

Property owners in Bengaluru can now obtain e-Khata certificates digitally within two working days, thanks to a new initiative by the Bruhat Bengaluru Mahanagara Palike (BBMP). The fully online process, rolled out across all eight BBMP zones, allows applications via the state's SAKALA portal. Applicants need only submit three documents: sale deed, latest tax-paid receipt, and property sketch. Revenue officers are required to process requests or raise queries within two days, improving accountability. The e-Khata is essential for property validation, tax payments, loans, and transactions. Previously, the process involved lengthy in-person visits and delays. The move particularly benefits owners of properties regularised under the Akrama-Sakrama scheme. By digitising the system, BBMP aims to enhance transparency and ease for property owners, buyers, and developers, fostering greater confidence in municipal services.Read more

11 Jun 2025

Karnataka's deputy chief minister Shri D K Shivakumar has announced that approximately 100 buildings obstructing stormwater drains in Bengaluru will be demolished to prevent urban flooding. Invoking the Disaster Management Act, the government aims to ensure the free flow of rainwater. The BBMP chief commissioner has been granted full authority to carry out these demolitions, with compensation considered for affected property owners. This initiative follows inspections of flood-prone areas like Yelahanka and Manyata tech park, where significant waterlogging has been observed.Read more