Tag: Bengaluru

IndustryLatest Stories

Address Maker Raises ₹200 Crore from AI Growth Partnership

NEW DELHI: Address Maker, based in Bengaluru, has announced a partnership with AI Growth. Under this alliance, AI Growth, via its affiliated companies, will provide a rolling capital framework of ₹200 crore to assist Address Maker in land acquisitions, joint development agreements (JDA), and project financing needs. Khushru Jijina from Address Maker remarked, “Our company has successfully delivered 6.7 million sq ft of residential apartments, villas, commercial spaces, and plotted developments in Bengaluru, with an additional 5.2 million sq ft currently in the pipeline.” Published On Dec 3, 2025 at 10:15 AM IST Join a community of over 2 million…

IndustryLatest Stories

Apartment Owners Urge Update to Karnataka Law

BENGALURU: The Bangalore Apartments Federation (BAF), representing over 1,400 Resident Welfare Associations (RWAs), has issued a firm ultimatum to the State Government, demanding the introduction and enactment of the Karnataka Apartment Ownership and Management Act (KAOMA) during the upcoming Belagavi Assembly Session on December 2. BAF advocates for the rights of more than 350,000 households and around 1.5 million residents, stressing the urgent need to update the outdated Karnataka Apartment Ownership Act of 1972. They argue that this update is crucial to mitigate the administrative disarray and legal disputes stemming from unclear ownership and management rights. At a press conference…

CommercialLatest Stories

Bengaluru to Add 25M Sq Ft Office Space in H2 FY27: ICRA

NEW DELHI: Bengaluru is set to see approximately 25 million sq ft of new office space coming online in the latter half of FY27, with about 25% already pre-leased. Despite a forecast of 16-17 million sq ft of new space for FY26 and FY27, occupancy rates are expected to reach 91-91.5% by March 2026 and 92-92.5% by March 2027, driven by ongoing leasing activity, according to ICRA’s latest report. In FY25, the city reported 16.3 million sq ft of fresh Grade-A office supply, alongside 8.4 million sq ft in H1 FY26, compared to net absorption figures of 18.4 million sq…

IndustryLatest Stories

No Construction Without Plinth Marking in Bengaluru, Say Officials

BENGALURU: Aiming to address building plan violations and unauthorized constructions, the Bengaluru Central City Corporation has enacted a comprehensive order. This mandates plinth-line marking, plan verification, and time-constrained demolitions for all constructions within its jurisdiction. According to Commissioner Rajendra Cholan, “Under the new guidelines, construction work cannot commence without obtaining the approved ‘building plinth-line marking.’ Town-planning officials are required to mark foundation boundaries within 30 days of plan approval and issue a foundation certificate before any construction can proceed.” He further mentioned, “Senior planning officials have been tasked with ensuring compliance with this process. To enhance transparency, approved building plans…

CommercialLatest Stories

BHIVE Signs Lease for 15,000 sq ft in Jayanagar, Bengaluru

NEW DELHI: BHIVE Workspace has secured a lease for 15,000 sq ft of office space in Jayanagar 4th Block, Bengaluru, from Garuda Group. This marks the second partnership between the two companies, following the establishment of Garuda BHIVE Workspace at BTM Campus. The new center will provide flexible seating options, private offices, and managed office solutions, accommodating over 650 seats at an average rent of ₹8,500 per seat per month. “Currently, the center is about 40% occupied, and we anticipate reaching 90% occupancy within the next six months,” stated Shesh Rao Paplikar, founder & CEO of the company. BHIVE Workspace…

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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Mt K Kapital Unveils $450M Real Estate Fund for Major Cities

NEW DELHI: Mt K Kapital, a real estate investment management firm, has launched its second fund with a target of USD 450 million. This fund receives backing from both general and limited partners. The firm’s objective with this new fund is to invest in projects during the acquisition stage, focusing on locations such as Mumbai, NCR, Pune, and Bengaluru. The target for fund deployment is set for early 2026. Boman Irani, CMD of Rustomjee Group, remarked, “The initial fund, a ₹790 crore MMR-focused initiative, has set a precedent in underwriting, project oversight, and investor relations.” Published On Nov 27, 2025…

Latest StoriesResidential

Luxury Home Prices Surge 40% Since 2022 in Seven Cities

Representative image NEW DELHI: Luxury housing prices across India’s top seven cities have surged by an average of 40% since 2022, significantly outpacing other residential sectors due to persistent demand from high-net-worth individuals, as reported by Anarock Research. The average price for luxury homes (priced above ₹1.5 crore) rose from ₹14,530 per sq ft in 2022 to ₹20,300 per sq ft in 2025. The Delhi-NCR region experienced the highest increase, with prices jumping 72% from ₹13,450 per sq ft to ₹23,100 per sq ft. The Mumbai Metropolitan Region (MMR) and Bengaluru followed closely with increases of 43% and 42%, respectively.…

Latest StoriesRegulatory

Karnataka HC Sets Guidelines for Auto-Updating Civil Court Decrees

BENGALURU: The High Court has issued guidelines aimed at integrating civil court decrees into the state’s digital revenue systems, ensuring that judicially declared rights are promptly reflected in land records. Justice Sachin Shankar Magadum has launched a new workflow, titled ‘Mutation based on Civil Court Decree’ in Kaveri 2.0, designed to streamline decree-based mutations and reduce uncertainties for revenue authorities. Under this new module, the departments of stamps and registration alongside the revenue department, in cooperation with the Centre for Smart Governance, will verify decrees, automatically generate mutation requests to Bhoomi, and facilitate the recording of proportional shares in the…

Latest StoriesResidential

Embassy Developments to Unveil 6 Residential Projects in North Bengaluru

NEW DELHI: Embassy Developments is set to launch six new residential projects worth ₹10,300 crore in North Bengaluru by FY26. Aditya Virwani, the company’s Managing Director, stated, “With RERA approval for two projects, we are entering an exciting growth stage, confident in reaching our pre-sales target of around ₹5,000 crore for FY26.” Among the new developments are Embassy Greenshore and Embassy Verde Phase II, both part of the ambitious Embassy Springs integrated township. Embassy Greenshore will feature over 800 apartments in 2BHK, 3BHK, and 4BHK layouts. Additionally, the third project, spanning 10 acres in Hebbal, will include over 600 residences…