12 Jul 2026

Bengaluru-based deep-tech company Vimag Labs has secured its fifth patent in India for its proprietary Virtual Magnet Synchronous Motor (VMSM) platform, strengthening its intellectual property portfolio as it advances commercial deployment of software-defined electric motor technology. The newly granted patent covers the core architecture of a magnet-free synchronous motor that uses power electronics and proprietary control algorithms instead of rare-earth permanent magnets. The company said the technology is being piloted with two-wheeler and passenger vehicle manufacturers, with expansion planned into commercial vehicles, industrial applications, robotics and defence. Backed by Accel, Vimag Labs recently raised USD 5 million in a Series A funding round and has entered into a manufacturing agreement with Jendamark Pvt. Ltd. to support production as it scales operations in India and overseas.Read more

11 Jul 2026

The Bengaluru Commercial Court has returned a suit filed by Singapore-based Lee Kim Tah against two nominee directors of L&W Constructions Private Limited, ruling that the matter does not qualify as a commercial dispute under the Commercial Courts Act. The case centres on alleged breaches of directors' fiduciary duties in the governance of the joint venture with Woh Hup Holdings. The order also cautioned the plaintiff on reporting court proceedings in the media. The ruling could influence how governance-related disputes in cross-border joint ventures are handled in India.Read more

09 Jul 2026

The Central Bureau of Investigation (CBI) has filed two chargesheets in separate cases involving alleged fraud against homebuyers in Bengaluru, naming Ithaca Estate Pvt Ltd, LGCL Urban Homes (India) LLP, their directors and officials of HDFC Bank Ltd and Indiabulls Housing Finance Ltd. The chargesheets, filed before designated CBI courts in Bengaluru in the past week, allege that the accused conspired to induce homebuyers and investors through false assurances and fraudulent representations, resulting in wrongful financial gains. The agency said the cases form part of a wider Supreme Court-monitored investigation into alleged irregularities involving 34 builder companies and unidentified officials of financial institutions across the country. The CBI has so far filed 13 chargesheets in connection with these ongoing investigations.Read more

06 Jul 2026

CJ Darcl Logistics has signed a memorandum of understanding with the National Highways for Electric Vehicles (NHEV) to pilot heavy electric freight operations on India's upcoming e-highways. The partnership will begin with the Bengaluru–Chennai corridor, where the two organisations will jointly develop charging infrastructure and deploy heavy electric trucks. The initiative also includes battery-swapping facilities, solar-powered energy stations and logistics hubs to support zero-emission freight movement. The collaboration aims to evaluate the commercial viability of electric trucking while creating a scalable model for sustainable, low-carbon logistics across India's highway network.Read more

05 Jul 2026

Bengaluru-based EARA Group has appointed Raja Ramamoorthy as Associate Vice President – Sales as part of its leadership expansion strategy. The appointment comes as the real estate developer seeks to strengthen its sales operations while pursuing growth across its real estate portfolio and planned diversification into hospitality and related businesses. Ramamoorthy, who has more than 26 years of experience across real estate, hospitality, telecommunications and consumer sectors, will oversee sales strategy, channel partner development, customer acquisition and revenue growth. Prior to joining EARA Group, he served as Associate Vice President – Sales at Casagrand Builders, where he was involved in expanding the company's channel partner network.Read more

03 Jul 2026

Nambiar Builders has announced an investment of INR 1,900 crore to develop the third phase of District 25, its integrated township project in Bengaluru. The new phase will comprise premium residential apartments spread across 21 acres, with a saleable area of approximately 3.6 million sq ft. Located on Sarjapur Road, the township is designed as a mixed-use development featuring residential, commercial and lifestyle infrastructure. The investment reflects the developer's confidence in Bengaluru's sustained housing demand and the growing preference for large, integrated township projects offering comprehensive urban amenities.Read more

Bangalore News Desk

03 Jul 2026

The Bangalore Development Authority (BDA) has proposed setting up a dedicated registration authority to simplify the formation of apartment owners' associations across its housing projects. The move aims to address long-standing issues faced by residents in registering associations under existing laws, which has delayed the transfer of maintenance responsibilities. The proposal is part of BDA's broader apartment maintenance policy that seeks to provide a structured handover process, improve governance in residential communities, and bring greater clarity on legal and administrative responsibilities for apartment owners.Read more

03 Jul 2026

Bengaluru recorded a marginal 1% year-on-year increase in housing sales during the April–June quarter, with 15,285 residential units sold despite an 8% rise in average property prices, according to Anarock. The city outperformed the seven major Indian residential markets, where overall sales declined 6% amid global uncertainties. New housing launches in Bengaluru surged 41% to 21,670 units, with nearly 96% of the supply concentrated in the premium and luxury segments priced at INR 80 lakh and above. The increase in project launches helped sustain demand, although it also pushed unsold inventory to 79,180 units by the end of the quarter.Read more

02 Jul 2026

Prestige Group has signed a Letter of Intent (LOI) with HSBC to develop a new integrated office campus at Prestige JRC Signature Towers on Bengaluru's Outer Ring Road. Under the proposed 20-year arrangement, HSBC will occupy around 1.2 million sq ft across two office towers, reflecting sustained demand for premium office space in India's leading commercial markets. The project, which is currently under construction and expected to be completed by October next year, is subject to definitive agreements and regulatory approvals. The move also strengthens Bengaluru's position as a preferred destination for global capability centres (GCCs).Read more

02 Jul 2026

• The Ministry of Road Transport and Highways has notified user fee collection for the 71.7-km Phase-1 Bengaluru–Bethamangala section of the NE-7 Greenfield Expressway in Karnataka.
• Four toll plazas, including three interchange plazas, have been designated under a closed user fee collection system, with toll charges linked to the actual distance travelled.
• The notification also provides for concessional passes for frequent users, distance-based tolling and additional charges for overloaded vehicles.
• The Phase-1 project has an estimated capital cost of INR 8,431.15 crore, with toll rates to be revised annually in accordance with National Highways Fee Rules.Read more

01 Jul 2026

Embassy Office Parks REIT has expanded its hospitality portfolio with the opening of a 211-room Hilton Garden Inn at Embassy TechVillage on Bengaluru's Outer Ring Road. The hotel has been developed to cater to the growing accommodation needs of business travellers visiting the integrated office park. The addition strengthens Embassy REIT's hospitality presence while also expanding Hilton's footprint in Bengaluru. Embassy REIT continues to diversify its portfolio beyond office assets with operational hotels, upcoming hospitality projects and renewable energy infrastructure across key commercial markets in India.Read more

01 Jul 2026

The Karnataka government has inaugurated a 10.7-km signal-free and toll-free arterial road in Bengaluru as part of the Bengaluru Business Corridor project, providing a new east-west connectivity link between Kadabagere Cross and Challaghatta Metro Station. Opened in the past week by Chief Minister D K Shivakumar, the 10-lane corridor has been developed at a cost of INR 631 crore and is expected to reduce travel time between Magadi Road and Mysuru Road from around 60 minutes to 20 minutes. The project includes green boulevards, service roads and a dedicated cycling track, while the state government has also announced a policy to recognise landowners who voluntarily contribute land for public infrastructure projects.Read more

01 Jul 2026

Embassy Developments will invest approximately INR 1,500 crore to develop a 3 million sq ft Grade A office complex in Bengaluru as part of its strategy to expand its commercial real estate portfolio and create recurring rental income. The project forms the first phase of a planned 6 million sq ft office development spread across 35 acres. Managing Director Aditya Virwani said the company expects to complete the first phase over the next three years while continuing to focus on residential development. The announcement comes amid sustained demand for premium office space from Global Capability Centres (GCCs) and multinational occupiers, with the developer also targeting residential project launches worth around INR 20,000 crore during the current financial year.Read more

30 Jun 2026

Century Real Estate has announced Century Immencity, a mixed-use development spanning more than 50 acres in Jakkur, North Bengaluru, with a planned built-up area of around 11 million sq ft. The project will integrate residential, commercial, retail, hospitality and lifestyle components within a single development and will be executed in phases. The first phase, comprising around one million sq ft each of residential and commercial space, is already under construction. Located along the International Airport Road corridor, the development is expected to benefit from planned metro connectivity and surrounding infrastructure projects. Century Real Estate said the project has been designed with international planning consultants and aims to accommodate businesses, residents and visitors within an integrated urban environment.Read more

30 Jun 2026

Puravankara Ltd has entered into a joint development agreement (JDA) to develop a 6.4-acre residential project in Sarjapur, Bengaluru, with an estimated revenue potential of INR 1,000 crore. The proposed development will offer a saleable area of approximately 0.8 million sq ft, further strengthening the developer's presence in one of Bengaluru's fastest-growing residential corridors. While the company has not disclosed the identity of the landowner or the commercial terms of the agreement, the transaction reflects the growing preference among developers for asset-light land acquisition through JDAs. As of the end of FY2025-26, Puravankara had completed 95 projects spanning 57 million sq ft across nine Indian cities and had ongoing developments covering nearly 36.69 million sq ft.Read more

30 Jun 2026

The Karnataka government has exempted eligible Bengaluru homeowners from obtaining Occupancy Certificates (OCs), offering relief to residents affected by developers' failure to secure the mandatory approvals. The exemption applies to residential buildings that comply with sanctioned plans and prescribed norms, while illegal constructions and projects with major deviations remain excluded. The decision aims to ease hardships faced by homebuyers without diluting enforcement against developers responsible for regulatory violations or unauthorised construction.Read more

29 Jun 2026

• Manasum Senior Living plans to invest INR 800 crore over the next five years to expand its senior housing business amid growing demand for retirement communities.
• The Bengaluru-based company aims to increase its portfolio to 10,000 senior living units by 2030, up from 950 operational units and around 1,000 units currently under development.
• The expansion will focus on scaling purpose-built housing for senior citizens, supported by rising demand for organised retirement living in India.
• The investment reflects growing interest in the senior living segment, driven by changing demographics, higher life expectancy and evolving lifestyle preferences.Read more

Bangalore News Desk

29 Jun 2026

The Bruhat Bengaluru Mahanagara Palike (BBMP) has suspended an Assistant Revenue Officer (ARO) after an inquiry found that A-Khatas were issued to more than 50 properties allegedly without following prescribed procedures. The civic body has initiated a wider review of the approvals and directed officials to examine similar cases across zones. The action forms part of BBMP’s efforts to strengthen scrutiny of property records and address irregularities in the khata issuance process.Read more

28 Jun 2026

BPTP’s residential project Skynest in Sector 80, Greater Faridabad, has been recognised with the ‘Landmark High-Rise Development of the Year’ award at the ET NOW Realty Conclave & Awards 2026. The project comprises twin residential towers rising to approximately 150 metres and incorporates green building features, landscaped sky decks and community-oriented amenities. Located along the Faridabad Bypass Road corridor, Skynest is positioned within the rapidly developing Greater Faridabad residential market. The development has been planned with support from a team of international and domestic consultants across architecture, engineering, sustainability and design disciplines. The recognition highlights the project's design approach and reflects growing development activity in Faridabad, which continues to emerge as an important residential destination within the National Capital Region (NCR).Read more

21 Jun 2026

Bengaluru’s premium residential market reflects the city’s evolving economic and social landscape. While some of its most sought-after neighbourhoods have long been associated with established business families and legacy wealth, others have emerged as preferred destinations for entrepreneurs, technology professionals and high-net-worth individuals. Factors such as connectivity, infrastructure, exclusivity, and proximity to major business hubs continue to influence residential preferences across the city. Together, these high-value localities offer insight into how Bengaluru’s luxury housing market has developed over time and where demand remains concentrated today.Read more