Tag: Bengaluru real estate

IndustryLatest Stories

Nisus Finance Exits Bengaluru Project with 23% IRR in 2 Years

Nisus Finance, an alternate fund manager and urban infrastructure investment firm, has successfully exited Project High Cliff, a late-stage residential development in Bellandur, Bengaluru. This investment was made through rated, listed non-convertible debentures under its Real Estate Special Opportunities Fund-1 (RESO-1), yielding an Internal Rate of Return (IRR) of 23% over two years. Project High Cliff covers 1.4 acres with a saleable area of approximately 240,000 sq. ft., featuring 196 units in 1, 2, and 3 BHK configurations aimed at affordable and mid-income buyers. “High Cliff exemplifies a special situation where structured capital can create significant value — strong demand…

IndustryLatest Stories

Umiya Buildcon Buys 20,000 Sq Ft in Bengaluru CBD

Representative AI image NEW DELHI: Umiya Buildcon has acquired a 20,000 sq ft plot in Bengaluru’s central business district (CBD), located off Cunningham Cross Road, for a residential development. The site offers a built-up potential of approximately 55,600 sq ft, and, upon completion, the project is anticipated to contribute nearly ₹200 crore to Umiya’s financial standing. The acquisition coincides with a period of projected steady growth in Bengaluru’s residential market. A recent analysis by ICRA indicates that the city’s housing market is set to see a 3–5% increase in area sold in FY2026, primarily driven by sustained demand in mid-income…

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Bengaluru Realty Firms Question NOC for Jakkur Flying School

The Bengaluru chapter of the Confederation of Real Estate Developers’ Associations of India (Credai) has raised alarms regarding the city’s municipal corporation mandating a no-objection certificate (NOC) from the Government Flying Training School (GFTS) at Jakkur. This certificate is essential for granting approvals like commencement and occupancy certificates for residential projects. Credai argues that this requirement could significantly delay and complicate the residential real estate sector in Bengaluru, which is vital for the city’s ongoing housing development efforts. In a communication directed to Karnataka’s urban development department’s additional chief secretary, Credai Bengaluru questioned the necessity of the NOC, noting the…

Latest StoriesResidential

Homebuyers Strategize Amid Rising Land Prices

Representative image created by AI BENGALURU: Plotted developments are becoming increasingly attractive to second- and third-home buyers due to their appreciation potential, flexibility, and long-term land value. With land prices surging in double digits across major urban areas over the past four years, what was once a niche market is now a primary investment option for affluent and upwardly-mobile buyers. In response to this heightened demand, developers are creating branded, fully-serviced plotted communities complete with amenities, clear land titles, and integrated infrastructure. Second-home purchasers see land as a forward-thinking asset—offering the liberty to construct at their convenience, mitigating depreciation risks…