Tag: Bengaluru

IndustryLatest Stories

Karnataka Builders Hit with Heavy Fines for Plan Violations

BENGALURU: The Karnataka government has updated the penalty rates for buildings that have been constructed against approved plans within urban local bodies. A recent government directive allows these buildings to obtain revised plans if they pay a specified fine, provided that deviations are within 15 percent of the sanctioned setback limits. Under the new regulations, residential, industrial, and other non-commercial structures in Town Panchayat areas will incur a fine of ₹1,000 per square metre, while commercial buildings will face a penalty of ₹1,500 per square metre. For Municipal Council areas, the fines are set at ₹1,200 and ₹1,800 respectively; in…

Latest StoriesRera

Karnataka RERA to Check Projects Under New Closure Policy

BENGALURU: The Karnataka Real Estate Regulatory Authority (Rera) is set to implement a project closure policy, making it the second state in India to do so, following Odisha. The purpose of this policy is to enhance transparency and accountability in builders’ submissions while safeguarding homebuyers. It mandates that projects can only be closed after all statutory and service-related compliance is verified. Until now, the authority has only recorded self-declared project completions from promoters without any verification, even since its establishment in 2016. K-Rera chairman Rakesh Singh informed TOI that the new policy aims to ensure clear communication and accountability from…

IndustryLatest Stories

Bengaluru agency recovers ₹12 crore in encroached BTM Layout land

BENGALURU: On Monday, the Bangalore Development Authority (BDA) successfully reclaimed a valuable land parcel in BTM 1st Stage, valued at approximately Rs 12.3 crore. Officials reported that unauthorized compounds and sheds were illegally built on BDA property situated in Survey No. 50 of Tavarekere village, Begur Hobli, Bengaluru South taluk. The BDA task force, under the guidance of the executive engineer from the south division and with police assistance, moved to demolish the encroachments. The BDA recovered 6,629 sqft of land. This action is a part of a broader initiative aimed at identifying and reclaiming government and BDA lands that…

IndustryLatest Stories

Brigade Enterprises Q2 FY26 Net Profit Surges 47.97%

NEW DELHI: Brigade Enterprises has announced a significant increase in its net consolidated profit, rising by 47.97% for the quarter ending September 30, 2025. The company’s profit after tax for Q2 FY26 reached ₹170.28 crore, compared to ₹115.08 crore in the same period last year, according to a filing with the BSE. The total consolidated income stood at ₹1,429.86 crore, marking a 25.63% increase from ₹1,138.13 crore in the same quarter last year. In Q2 FY26, net bookings in the real estate sector were 1.90 million sq ft, with a sales value of ₹2,034 crore. Collections for the quarter amounted…

Latest StoriesResidential

E-Khata Now Required for A-Khata in Bengaluru

BENGALURU: Property owners with B-khata are looking to convert their holdings to A-khata under a government initiative set to launch on November 1. The first step for them is to acquire an e-khata before proceeding with the conversion. Under this initiative, B-khata plots up to 21,527 sq ft along public roads qualify for A-khata conversion. However, the new digital requirement has left many residents feeling frustrated as it adds another layer of bureaucracy to an already lengthy process. Property owners must also pay a 5% fee based on the property’s guidance value, in addition to other charges for land mutation…

Latest StoriesRera

Cops Team Up with Karnataka-RERA Against Defaulting Builders

BENGALURU: In a significant step towards recovering over ₹750 crore in overdue payments from builders, the police department has agreed to deliver notices issued by the Karnataka Real Estate Regulatory Authority (K-RERA) to non-compliant developers. Homebuyers have repeatedly called upon K-RERA, the Revenue Department, and the state government to take firmer measures against builders accused of violating regulations, including delays in flat handovers. Documents obtained by Bangalore Mirror indicate that a recent meeting focused on establishing collaboration between K-RERA and the police for issuing these notices. Chaired by the Chief Secretary, the discussion explored the possibility of sending notifications through…

IndustryLatest Stories

Shriram Properties to Co-Develop Row Houses in Yelahanka

Representative AI image NEW DELHI: Shriram Properties (SPL) has entered into a joint development agreement for a seven-acre parcel of land, part of a larger 15-acre site in North Bengaluru. The company plans to develop a row house project with an estimated gross development value (GDV) of ₹600 crore. According to Akshay Murali, Vice President of Business Development, “Yelahanka’s robust infrastructure growth and its proximity to the upcoming biodiversity park make it an ideal location for premium row houses.” This project reiterates the company’s commitment to its asset-light growth strategy, emphasizing partnerships and efficient capital allocation in high-potential areas. Published…

Latest StoriesResidential

Redevelopment Starts After Seven Years at Four Bengaluru Sites

BENGALURU: After seven years of discussions, the Bangalore Development Authority (BDA) has finally commenced redevelopment work on four aging commercial complexes, including the well-known Indiranagar BDA complex. This initiative began with a tender issued in 2018, aimed at transforming underperforming public assets into modern commercial centers through a public-private partnership (PPP) model. The next focus area will be the Koramangala complex, with redevelopment efforts targeting facilities in Indiranagar, Koramangala, HSR Layout, RT Nagar, Sadashivanagar, Austin Town, and Vijayanagar. Demolition has already started at Indiranagar, RT Nagar, Sadashivanagar, and Vijayanagar. BDA officials have stated that redevelopment in Koramangala, Austin Town, and…

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Karnataka Sets Rules for Layout Approvals on Converted Land

BENGALURU: The Karnataka Department of Rural Development and Panchayat Raj has issued guidelines for the design approval process for layouts on converted lands within gram panchayat limits but outside designated planning areas. As stated, under Section 199(B) of the Karnataka Gram Swaraj and Panchayat Raj (Amendment) Act, 2025, the appropriate authority—either the Gram Panchayat or a government-nominated authority—must secure prior approval from the competent planning authority with jurisdiction over the layout plan. This approval is essential prior to issuing a new ‘khata’ or Property Identification (PID) number for construction-related sites, the statement noted. Developers are mandated to submit an application…

Latest StoriesResidential

Owners Demand Overhaul of Karnataka Apartment Ownership Act

BENGALURU: Despite consistent reminders from home buyers and residents’ welfare associations regarding the need for a new apartment act, the state government has yet to prepare the crucial draft, even after two years. Home buyers are urging Karnataka to update the Karnataka Apartment Ownership Act of 1972, which they view as outdated and ambiguous regarding the rights and responsibilities of flat owners. Dhananjaya Padmanabhachar, representative of the Karnataka Home Buyers Forum, reached out to IT and BT Minister Priyank Kharge, urging him to encourage Chief Minister Siddaramaiah to expedite the development of a new apartment act. The goal is to…