Tag: Bengaluru

CommercialLatest Stories

BHIVE Workspace Leases 1.4 Lakh Sq Ft at Phoenix Asia Towers

NEW DELHI: BHIVE Workspace has secured a lease for 1.4 lakh sq ft of office space at Phoenix Asia Towers, located in Hebbal, North Bengaluru. The company has plans to introduce another one million sq. ft. of office space by 2026, accompanied by an overall investment of around ₹250–300 crore. “We are vigorously expanding our campus footprint, with nearly 1 million sq. ft. of new capacity to be added in 2026,” stated Shesh Rao Paplikar, the founder and CEO of the company. The new center will accommodate over 2,600 professionals and will feature a variety of options including co-working spaces,…

IndustryLatest Stories

Tata Realty to Acquire Bengaluru Land from Hinduja for ₹2,300 Cr

Representative Image BENGALURU | MUMBAI: Tata Realty and Infrastructure Ltd (TRIL) has finalized a binding agreement to purchase over 38 acres in Bengaluru from Hinduja Group companies Gulf Oil Corp and Hinduja Realty Ventures for approximately Rs 2,300 crore. This transaction represents the largest land acquisition, both in scale and value, ever completed in Bengaluru, and ranks among the largest in India. The deal highlights sustained investor confidence in Bengaluru’s office market, which recorded over 20 million sq ft of office space leased in 2025, securing its position as one of the leading markets for office space absorption in the…

CommercialLatest Stories

Enzyme Office Spaces Expands with 350K Sq Ft in Bengaluru

Enzyme Office Spaces signs 3.5 lakh sq ft in Bengaluru, expands footprint BENGALURU: Enzyme Office Spaces has signed lease agreements totaling 3.5 lakh sq ft in Bengaluru, further establishing its presence in key micro-markets. Since the start of this year, the company has leased approximately 1.8 lakh sq ft in Whitefield, 1.5 lakh sq ft in HSR Layout, and 16,000 sq ft in Hebbal, which is expected to generate around ₹50 crore in annual revenue. The new facilities are being developed as managed office spaces with a combined capacity of approximately 5,000 seats, raising Enzyme’s total seating capacity in India…

CommercialLatest Stories

Office Leasing Jumps 15% to 18.3M Sq Ft in Q1 2026: Colliers

NEW DELHI: Office leasing in India’s top seven cities surged 15% year-on-year to 18.3 million sq ft in Q1 2026, fueled by demand from technology companies, BFSI sectors, and global capability centers (GCCs), as reported by Colliers India. Bengaluru and Hyderabad combined accounted for nearly half of the total leasing this quarter, totaling about 8.7 million sq ft. Other key markets, including Mumbai, Delhi-NCR, Pune, and Chennai, saw a steady absorption of 2-3 million sq ft each of Grade A spaces. Arpit Mehrotra, Managing Director of Office Services in India for Colliers, remarked, “India’s office demand exhibits strong resilience, with…

Latest StoriesRegulatory

Bengaluru property tax receipts at ₹4,047 crore, 40% below target

BENGALURU: Property tax collection in the city has once again fallen short this financial year, highlighting ongoing compliance issues even as enforcement efforts are ramped up. With only days remaining in the 2025-26 fiscal year, the collections have reached Rs 4,047.7 crore against a target of Rs 6,700 crore, resulting in a shortfall of over Rs 2,652 crore and an overall realization of approximately 60%. The target includes outstanding amounts from previous years. As of March 20, Rs 4,047.7 crore has been collected, comprising Rs 3,286 crore in property taxes for this fiscal year, along with Rs 761.7 crore in…

Latest StoriesResidential

Karnataka Plans Vertical Growth Ordinance for Apartment Residents

BENGALURU: In a significant move towards vertical growth, the government announced on Thursday its plan to implement the Karnataka Apartment Ownership and Management Act 2025 (KAOMA) and will soon issue an ordinance, a decision set to benefit numerous apartment residents. During a debate on urban development in the assembly, Deputy Chief Minister DK Shivakumar stated that the ordinance would follow discussions with stakeholders and legislators. BJP members, led by opposition leader R Ashoka, highlighted the long-standing demand among apartment residents for this legislation. Acknowledging this, Shivakumar remarked, “If it weren’t for a few clarifications, we would have already introduced the…

InfrastructureLatest Stories

34% of Karnataka’s 72 Lakh Homes Lack Tap Water: CAG

BENGALURU: Karnataka has not provided tap water connections to 24.5 lakh rural households—34% of the goal of 72.1 lakh—well past the March 2024 target, according to a report by the Comptroller and Auditor General of India (CAG) presented in the legislative assembly on Tuesday. The audit, covering 2019 to 2024 in seven districts, highlighted deficiencies in planning, execution, financial management, and water quality monitoring, which undermine the mission’s goal of achieving Har Ghar Jal. At the state level, inconsistent departmental participation impacted synergy with initiatives like Swachh Bharat Mission (Grameen) and Pradhan Mantri Krishi Sinchayee Yojana. While some villages proposed…

InfrastructureLatest Stories

Bengaluru Apartments Illegally Dump Sewage into Lake

Representative image BENGALURU: The Karnataka State Pollution Control Board (KSPCB) has issued show-cause notices to six apartment complexes and an educational institution in Anekal for polluting Shikaripalya Lake. The affected properties include Sarovar Apartment, Shree Nandana Elite Apartment Residents Welfare Association, Sree Balaji Nest Apartment, Thirumala Residency Apartment Residents, Happy Home Vivasvan Resident Association, Happy Home 2, and Zia Academy. According to KSPCB, these apartments and the institution lack sewage treatment plants, resulting in domestic sewage being discharged directly into the lake. The Board identified several contributing factors to the pollution of Shikaripalya Lake, including sewage flowing through stormwater drains,…

IndustryLatest Stories

Puravankara to Launch 30 Projects Worth ₹55,000 Crore Soon

NEW DELHI: Puravankara is set to unveil 30 residential projects in the next 24 months across South India and Mumbai, aiming for a gross development value (GDV) exceeding ₹55,000 crore. The forthcoming pipeline encompasses around 51.14 million sq ft of developable space. Most projects are currently in the approval phase, while others are still in design, with approvals expected to commence shortly. This expansion occurs amidst consistent demand in the residential market. For the first three quarters of FY26, the company reported pre-sales of ₹3,859 crore and customer collections totaling ₹3,045 crore. Ashish Puravankara, the managing director, remarked, “As we…

CommercialLatest Stories

WeWork India Invests ₹31 Crore for 81,166 Sq Ft in Bengaluru

NEW DELHI: WeWork India Management has secured an additional 81,166 sq ft in Bengaluru to enhance its flexible workspace offerings as part of its expansion plans. The new lease is anticipated to accommodate approximately 1,256 desks, with operations expected to begin by May 2026. The company intends to invest around ₹31 crore in this project, which will be financed through internal resources and debt. Additionally, WeWork has expanded its footprint in Pune with a new leave and license agreement for 41,621 sq ft, following a previous agreement for 1,62,665 sq ft made in February 2026. This latest expansion in Pune…