Tag: Bengaluru

Latest StoriesRera

2,600+ Karnataka Real Estate Projects Expired: RERA Data

BENGALURU: The Karnataka Real Estate Authority (K-Rera) has commenced an investigation into various residential projects that have failed to meet their completion deadlines and have not submitted timely progress reports. According to K-Rera’s recent data, over 2,600 real estate projects are officially labeled as ‘expired’, while more than 2,700 are categorized as ‘lapsed’. Under RERA guidelines, a project is deemed expired when its registration period ends without the builder applying for an extension. It is classified as lapsed if it remains incomplete without a renewal request, invalidating the registration and potentially exposing the builder to penalties and regulatory actions. Out…

Latest StoriesResidential

3,000+ Residents Receive E-Khata at Bengaluru Mega Mela

BENGALURU: Over 3,000 residents gathered at the Sahakaranagar playground in the Byatarayanapura assembly constituency on Sunday for a successful mega e-khata mela. Initially set to conclude by 2 PM, the event has been extended to 8 PM on Monday due to the overwhelming response. Bengaluru Development Minister DK Shivakumar kicked off the door-to-door distribution drive by handing out draft e-khatas to local households. He encouraged residents to collect their documents online or to visit the mela, stating, “Final e-khatas will be delivered to homes within 100 days. Please check your details and complete the process as soon as possible.” He…

Latest StoriesResidential

People’s Education Society Acquires Bengaluru Properties for ₹110 Crore

The People’s Education Society (PES), the organization behind PES University, has acquired two independent houses in the Sadashivanagar region of Bengaluru for a total of Rs 110 crore. Analysts indicate that these transactions highlight the ongoing demand from institutions and high-net-worth individuals in the city’s premium micro markets. On April 1, PES, represented by COO Ajoy Kumar, purchased a 9,840 sq ft independent house for Rs 55.5 crore from Woodkraft India. Previously, on January 22, the society, with representation from PES University Chancellor Jawahar Doreswamy, bought an adjacent house with a built-up area of 5,575 sq ft on the same…

Latest StoriesRera

Karnataka: 10 Builders Owe ₹347 Crore in Penalties

Even years after the implementation of the Real Estate Regulation and Development Act (RERA), many major builders in Karnataka are disregarding recovery orders from the Karnataka Real Estate Regulatory Authority (K-RERA). Consequently, homebuyers with favorable rulings find themselves struggling for justice through courts and bureaucratic channels. When RERA was launched, there was hope that victims of real estate fraud would quickly receive justice. Unfortunately, that hope has largely gone unfulfilled. A striking example is the fact that ten major builders owe a collective ₹347 crore in penalties, yet have not made any payments. Recent information acquired through an RTI query…

CommercialLatest Stories

Colliers India Targets ₹1,100 Crore Order Book by 2025

NEW DELHI: Colliers India aims to achieve an order book of ₹1,100 crore by 2025, a significant increase from its revenue of around ₹700 crore last year. The company has reported a strong start to the year, with its leasing division experiencing a growth of 20–25% over 2024. Sankey Prasad, chairman and managing director, expressed in an exclusive interview with ETRealty that the firm is optimistic about India’s commercial real estate sector, noting strong fundamentals and persistent demand amidst global challenges. As part of its global integration strategy, Colliers is setting up a new Global Capability Centre (GCC) in Bengaluru.…