Tag: Bengaluru

Latest StoriesRegulatory

Karnataka HC: Property Buyer Has Right to Khata Transfer

BENGALURU: A recent ruling by the high court confirms that an individual who acquires property through the asset reconstruction law has the right to request the transfer of its khata in their name. Justice Suraj Govindaraj emphasized that sales under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, along with the issuance of a certificate, carry a presumption of regularity. This decision comes in response to a petition by Nagabhushana, a resident of Hassan. Nagabhushana bought a flat located at P&T Colony, Sanjaynagar, Bengaluru, from SV Naresh, who was the successful bidder in an…

CommercialLatest Stories

Embassy REIT Buys 0.3M Sq Ft Office in Bengaluru for ₹852 Cr

NEW DELHI: Embassy Office Parks REIT has acquired a 0.3 million sq ft office property in Bengaluru’s Embassy GolfLinks Business Park for ₹852 crore. The acquisition was finalized through purchasing Eleanor Realty Holdings India, the owner and operator of the commercial building ‘Pinehurst’ within the integrated business park. This grade-A office asset is fully leased to a global investment firm. According to the company, the transaction was made at a discount compared to the average valuation given by two independent valuers. Pwc acted as the financial and tax due diligence advisor for the transaction, while Trilegal handled title diligence. S&R…

IndustryLatest Stories

Defaulters Pay ₹27 Lakh in Property Tax Before Bengaluru Auction

BENGALURU: Following the announcement of an auction for defaulters’ properties by the Greater Bengaluru Authority’s South city corporation, approximately 14 property owners in Bommanahalli hastily settled their long-standing dues, leading to a recovery of over ₹27 lakh. The impending threat of public auction seems to be motivating defaulters to pay off their arrears prior to bidding on their properties. This comes on the heels of seven properties being successfully sold in a recent auction held by the East and North city corporations. All five city corporations are moving forward with auctions targeting top tax defaulters as a final attempt to…

Latest StoriesRegulatory

HC Orders Reinspection of Stormwater Drains near Apartments

BENGALURU: The high court has instructed the Bruhat Bengaluru Mahanagara Palike (BBMP), now known as the GBA, to reassess lands in Gubbalala village, Bengaluru South taluk, where two apartment complexes are located. This comes after a government-commissioned expert committee reported encroachments into stormwater drains. In his ruling, Justice R Nataraj stated that if the petitioners suggest an alternative drain alignment, the GBA must review it to ensure the unobstructed flow of water into Subramanyapura Lake, while also considering the interests of adjacent landowners. The judge added that should the petitioners fail to submit an alignment proposal within 15 days from…

CommercialLatest Stories

WeWork India to Add 7,700 Desks in Hyderabad, Pune, Bengaluru

NEW DELHI: WeWork India Management has announced plans to expand into Hyderabad, Pune, and Bengaluru, adding approximately 7,700 desks as part of its growth strategy. According to a regulatory filing, the company has signed a sub-lease agreement for 145,114 sq ft in Hyderabad, which will add roughly 2,100 desks. This center is expected to become operational by July 2026, with an estimated investment of ₹32 crore, funded through internal accruals and debt. Additionally, WeWork has entered into a leave-and-license agreement for 162,665 sq ft in Pune, projected to introduce around 2,500 desks by August 2026, involving an investment of about…

IndustryLatest Stories

Brigade Group and Primus to Launch Three Senior Living Facilities

NEW DELHI: Brigade Group has teamed up with Primus Senior Living to introduce three senior living communities across Bengaluru and other areas in South India. The forthcoming developments are projected to have a gross development value (GDV) of around ₹750 crore, with two of the three projects integrated into larger township developments. “This collaboration marks a significant milestone in our efforts to broaden Brigade Group’s presence in senior living,” stated Pavitra Shankar, Managing Director of Brigade Enterprises. Published On Feb 27, 2026 at 07:16 AM IST Join over 2 million industry professionals. Subscribe to our newsletter for the latest insights…

Latest StoriesRera

Karnataka RERA Targets Unregistered Projects, Highlights Gaps

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-Rera) has ramped up its efforts to monitor unregistered developments, aiming to pinpoint violations, confirm project status, and take action against non-compliant promoters to protect homebuyers. Notices have been sent to validate project status and registration, uncovering that some were eventually registered. Data from K-Rera indicates that 765 complaints about unregistered projects have been lodged in Karnataka since 2021. Of these, orders were issued in 440 cases, while 325 remain at various stages of hearing and processing. Officials noted that a significant portion of complaints pertains to projects that either do not physically…

Latest StoriesResidential

RLDA to Lease Yeshwantpur Land for Residential Project

Representative AI image BENGALURU: To bolster its revenue, the Rail Land Development Authority (RLDA) plans to lease 34,517 sqm of railway land in the Yeshwantpur railway colony. According to the RLDA’s request for proposal, a 99-year lease is set for residential development, which involves constructing apartments. The selected developer will also oversee the redevelopment of the railway colony, part of the Bengaluru division of South Western Railway (SWR), which currently houses 316 employee quarters. The project, estimated at Rs 119 crore, will have the revenue generated from residential properties shared between the developer and RLDA. “Both railway quarters and private…

CommercialLatest Stories

Google Secures 2.6 Million Sq Ft at Alembic City, Bengaluru

BENGALURU: Google is expanding its presence in Bengaluru’s Whitefield by securing approximately 2.6 million square feet at Alembic City, highlighting its long-term commitment to the area. In October 2024, Google IT Services India leased around 650,000 sq ft at this location, and under the agreement, the landlord is obligated to “hold and reserve” three additional blocks—Annex Tower, Office Block Tower G, and Office Block Tower B—exclusively for Google, according to documents from Propstack. The contract states that “the lessor shall not, during the term of this right, negotiate or agree to lease the reserved blocks to any third party” unless…

Latest StoriesResidential

Over 2,200 Unsold Homes by Bengaluru Development Body

BENGALURU: Despite being priced lower than similar offerings from private developers, thousands of flats and villas built by the Bangalore Development Authority (BDA) on the city’s outskirts are finding it hard to attract buyers. Currently, 2,294 units remain unsold even years after completion. The BDA has made various efforts to stimulate sales, such as hosting property fairs, providing bulk discounts, and offering a 5% rebate on selected projects, yet the response from potential buyers has been underwhelming. Residents attribute the lack of interest mainly to inadequate infrastructure. Many housing developments are devoid of essential amenities like proper road access, street…