Tag: Bengaluru

IndustryLatest Stories

Puravankara’s Sales Soar 55% to ₹7,407 Crore in FY26

NEW DELHI: Puravankara reported a remarkable 190% year-on-year increase in sales, reaching ₹3,547 crore for the March quarter. This brings the company’s total sales for FY26 to ₹7,407 crore, a 55% rise compared to the previous fiscal year. Quarterly collections amounted to ₹1,213 crore, reflecting a 36% growth from last year, while total collections for FY26 rose by 15% to ₹4,258 crore. The company sold 7.25 million sq ft during the year, marking a 28% year-on-year increase, with average realization climbing 21% to ₹10,213 per sq ft. In the March quarter, realizations surged to ₹11,787 per sq ft. During FY26,…

IndustryLatest Stories

AstraZeneca India to sell 64-acre Bengaluru site for ₹3,400 Cr

Representative AI image BENGALURU: AstraZeneca’s Indian arm plans to sell its 64-acre manufacturing facility in North Bengaluru as part of a review of its global supply and manufacturing network by its UK-based parent company. The land, estimated to garner around ₹3,400 crore for AstraZeneca Pharma India, has attracted interest from developers such as Sattva Group, Aurobindo Pharma, and RMZ. This sale is part of a broader land monetization initiative. A source indicated, “AstraZeneca has shortlisted three potential bidders and plans to finalize the deal soon.” The land, located in a prime area of North Bengaluru, is valued at over ₹53…

IndustryLatest Stories

Prestige Estates’ Pre-Sales Surge 76% to ₹30,024 Crore in FY26

NEW DELHI: Prestige Estates Projects Ltd reported a 10% increase in pre-sales, reaching ₹7,697 crore in the fourth quarter of the previous fiscal year, driven by strong demand for its residential properties. The company’s latest operational update reveals a record pre-sales figure of ₹30,024 crore for the 2025-26 fiscal, marking a 76% rise compared to the previous year. Irfan Razack, Chairman and Managing Director, highlighted the strong year-end, noting consistent sales momentum throughout the year and a solid finish in Q4. He mentioned, “Demand in our key markets has remained positive, and our emphasis on quality, location, and timely delivery…

IndustryLatest Stories

Layout Approvals Reflect Bengaluru’s Evolving Growth

Representative AI image BENGALURU: The evolution of the city’s urban sprawl is evident not just in its changing skylines but also in its developmental layouts. Data from the Bangalore Development Authority (BDA) highlights how the city’s growth trajectory has shifted over the past fifty years in response to changes in land use, job availability, and infrastructure. From 1972 to 2025, the BDA has approved 1,017 layouts. In the early years, development was concentrated in southern Bengaluru, which still represents 40-43% of all approved layouts. Areas like Uttarahalli, Begur, and Kengeri emerged as primary hubs for planned expansion, attributed to their…

CommercialLatest Stories

GCC Leasing Reaches Record 9.1M Sq Ft in Q1 2026

NEW DELHI: India’s office market achieved its best first quarter ever, with gross leasing reaching approximately 20.7 million sq ft in Q1 2026, a 5% increase year-on-year. This growth was primarily fueled by unprecedented demand from Global Capability Centres (GCCs), as reported by CBRE. During this quarter, GCCs occupied 9.1 million sq ft, representing 44% of the total office leasing. Bengaluru and Hyderabad emerged as leading GCC hubs, contributing 48% and 19% of the demand, respectively, while Delhi-NCR accounted for 14%. Bengaluru continued to lead in office leasing with a 29% share, followed by Delhi-NCR at 22% and Mumbai at…

IndustryLatest Stories

Sobha’s Q4 FY26 Pre-Sales Up 11% to ₹2,039 Crore

NEW DELHI: Sobha Ltd, a prominent real estate developer, reported an 11% growth in sales bookings, totaling ₹2,039.3 crore for the fourth quarter of the last fiscal year, driven by increased demand for its residential projects. The previous year’s pre-sales were ₹1,835.7 crore. According to a regulatory filing on Friday, Sobha achieved its highest annual sales bookings of ₹8,135.9 crore during the fiscal year 2025-26, up from ₹6,276.5 crore the year before. “Sobha concluded FY26 on a strong note, maintaining the momentum from the previous three quarters. Despite global uncertainties such as trade policy changes and geopolitical tensions in West…

IndustryLatest Stories

Bengaluru’s 15% Building Deviation Plan Sparks Expert Debate

Representative Image BENGALURU: A proposed amendment to the city’s building bylaws is raising red flags amid fears it could legitimize existing construction violations. While the Greater Bengaluru Authority (GBA) claims the intent isn’t revenue generation, urban activists argue that the revised compounding fees will boost collections for civic corporations. The amendment suggests increasing the permissible deviation limit from 5% to 15% for several factors, including setbacks, floor area ratio (FAR), plot coverage, and building height. A new structured compounding fee system would enable property owners to regularize such deviations by paying penalties and acquiring occupancy certificates (OCs) that were previously…

InfrastructureLatest Stories

Bengaluru body launches new master plan for 500 sq km area

Sure! Here’s a rewritten version of your content: BENGALURU: The Bangalore Development Authority (BDA) has begun drafting a Revised Master Plan 2041 for regions outside the Greater Bengaluru Area (GBA). This decision marks a renewed emphasis on the city’s peripheral areas, with a tender notification issued on April 1. The move follows the transfer of planning authority for regions within GBA to the municipal corporation, diminishing the BDA’s role in central city planning. Now, the agency is refocusing on approximately 500 sq km of land outside GBA limits. This area encompasses considerable revenue land that could significantly impact Bengaluru’s future…

IndustryLatest Stories

Bengaluru may allow 15% deviation from building plans

BENGALURU: In a significant move for property owners struggling to secure occupancy certificates due to minor deviations, the Greater Bengaluru Authority (GBA) is set to increase the permissible deviation from sanctioned building plans from 5% to 15%. The GBA’s draft notification proposes an amendment to the 2003 building bye-laws, suggesting a notable shift in urban regulatory policy. Enforcement actions, including potential demolition, will continue for deviations exceeding 15%. Stakeholders can submit objections and suggestions until April 30, after which the amendments will be finalized. Under current regulations, any construction surpassing the approved plan by more than 5% is deemed unauthorized,…

Latest StoriesResidential

Bengaluru Plans 4,200+ Flats, Focuses on Vertical Housing

Representative Image BENGALURU: The Bangalore Development Authority (BDA) is shifting its focus from large plotted layouts to apartment complexes, initiating six new housing projects that will offer 4,251 flats as part of its strategy to enhance residential infrastructure. These projects, amounting to ₹3,200 crore, are located in Konadasapura, Electronics City, Valagerahalli, Kalathammanahalli, and Kenchanapura, featuring unit types ranging from 1BHK to 4BHK. Current work includes essential infrastructure such as roads, drainage, and power supply. One of the most significant developments is the Konadasapura Phase 1 housing scheme in Bidarahalli hobli, which is set to include 1,928 flats – comprising 480…