Tag: Bengaluru

Latest StoriesRegulatory

Bengaluru Homebuyers Appeal to NHRC on Apartment Law Delay

BENGALURU: The Karnataka Home Buyers Forum has approached the National Human Rights Commission (NHRC), claiming that the state’s ongoing delay in implementing its new apartment ownership law is infringing on the life, liberty, equality, and dignity of countless homebuyers. In a letter to NHRC chairperson Justice V Ramasubramanian, the forum—representing various buyers’ associations since 2021—reported that critical state government departments have recognized the need for updated legislation for over a year but have yet to announce the Karnataka Apartment Ownership & Management Act, 2025. This inaction has hindered buyers from registering their associations, managing common areas, or securing essential ownership…

IndustryLatest Stories

Karnataka allows registrars to eliminate fake registrations

BENGALURU: The state government has introduced draft rules aimed at combating fraud in property registration, empowering district registrars to cancel registrations made with forged or illegal documents without requiring court intervention. This marks a significant change in the state’s registration process. On Friday, the Karnataka Registration (Refusal and Cancellation of Registered Documents) Rules 2025 were unveiled, inviting public feedback for 15 days before their finalization. These provisions aim to address persistent loopholes in the document registration system. According to the draft rules, a district registrar can annul fraudulent registrations either independently or upon receiving a complaint. Affected individuals have three…

Latest StoriesRegulatory

Karnataka HC Supports ED’s Seizure of Kingfisher Tower Flat

Certainly! Here’s a rewritten version of the content: — MUMBAI: The Karnataka High Court has affirmed the Enforcement Directorate (ED) Mumbai unit’s seizure of a flat in Kingfisher Towers, Bengaluru, associated with Vijay Mallya, the promoter of the now-defunct Kingfisher Airlines, in relation to a money laundering investigation. This property was part of a project developed by United Breweries (Holdings) Ltd (UBHL) and Prestige Estate Projects. Rajendrakumar Jain, a businessman, reported that he paid Rs 18.4 crore in 2011 for an 8,321 square foot apartment, stating that UBHL had consented to sell it. In 2015, the CBI charged Mallya and…

IndustryLatest Stories

Godrej Properties buys 3.8 acres in Bengaluru

Representative AI image NEW DELHI: Godrej Properties (GPL) has acquired a 3.8-acre land parcel on Sarjapur Road in South Bengaluru. This project has a revenue potential of ₹2,400 crore and a development potential of two million sq. ft. With this acquisition, GPL anticipates an estimated total revenue potential of ₹3,500 crore, encompassing a total of three million sq. ft. across a larger 30-acre development. Published On Nov 20, 2025 at 09:25 AM IST Join the community of 2M+ industry professionals. Subscribe to our newsletter for the latest insights & updates. Get all the ETRealty updates right on your smartphone!

CommercialLatest Stories

Puravankara Leases 1.2 Lakh Sq Ft Retail to Ikea in Bengaluru

NEW DELHI: Puravankara has entered into a lease agreement (ATL) with Ikea India for over 1.2 lakh sq ft of retail space at Purva Zentech Park on Kanakapura Road, Bengaluru. Purva Zentech Park is a mixed-use commercial project featuring approximately 9.6 lakh sq ft of leasable and saleable area. Currently under construction, it is expected to be completed by early 2026. Ikea will take up the first and second floors, with the space slated to be handed over in Q1 2026, and operations planned to begin thereafter. Ikea India has opted not to comment. Colliers India’s office services team facilitated…

CommercialLatest Stories

Jaguar Land Rover Leases 146,000 Sq Ft at Brigade Tech Gardens

Jaguar Land Rover Technology and Business Services India has leased 146,000 sq ft of office space at Brigade Tech Gardens in Bengaluru, marking a significant GCC-driven transaction. Documents indicate that the lease encompasses multiple floors: parts of the ground and first floors, along with the entirety of the fifth and eighth floors, substantially expanding Jaguar Land Rover’s presence at the Brookefield campus. The lease entails a warm-shell rental of ₹65 per sq ft per month, with the total estimated monthly expenditure, including fit-out costs, at around ₹1.67 crore. Jaguar Land Rover has committed to a five-year term with a security…

IndustryLatest Stories

Bengaluru Engineers Appeal Against RERA ‘Promoter’ Order

BENGALURU: Several engineers from the Bangalore Development Authority (BDA) are urging senior officials to contest the Karnataka Real Estate Regulatory Authority (K-Rera) order issued on Nov 7, which classifies the agency as a promoter under the Rera Act. However, sources indicate that BDA chairman NA Harris is reluctant to pursue an appeal, causing unrest within the organization. A senior bureaucrat commented, “The engineers are pressing the government to file an appeal to exempt the Nadaprabhu Kempegowda Layout (NPKL) from Rera’s jurisdiction. Their primary concern is straightforward: the BDA has a history of delays. Being under Rera means they will be…

CommercialLatest Stories

Swiggy Moves HQ to Whitefield as Bellandur Lease Ends

BENGALURU: Food delivery platform Swiggy will relocate its headquarters from Bellandur to Whitefield in the coming months. The move aims to enhance employee connectivity, particularly with the new office’s proximity to the Kadugodi Tree Park Metro station. The location will be accessible from both the Kadugodi Tree Park and Hopefarm Channasandra stations. Sources at Swiggy indicated that the relocation is not a reaction to concerns regarding Bengaluru’s infrastructure, but rather due to the expiration of the lease at the Bellandur campus. “The contract for our Bellandur office is ending, so we chose to move to a larger, future-ready facility. This…

InfrastructureLatest Stories

Draft rules simplify basement and parking norms in Bengaluru

BENGALURU: The state government has proposed significant amendments to Bengaluru’s building regulations under the Revised Master Plan (RMP) 2015, with the aim of facilitating legal construction for homeowners with smaller plots without compromising valuable space. The proposed draft simplifies setback requirements, eases basement regulations, and modernizes parking guidelines — changes that officials claim will streamline compliance and curb unauthorized constructions. “When regulations are overly complicated or impractical, individuals tend to resort to illegal constructions. By simplifying the guidelines, we support small-plot owners who cannot afford to sacrifice buildable space while promoting better ventilation and adherence to legal standards,” stated Tushar…

IndustryLatest Stories

Prestige Estates Q2 FY26 Profit Soars 95% to ₹457.4 Crore

NEW DELHI: Prestige Estates Projects Ltd has announced a 95% increase in consolidated net profit, reaching Rs 457.4 crore for the September quarter, thanks to higher income and reduced expenses. In the same quarter last year, net profit was Rs 234.6 crore. The total income surged to Rs 2,697.8 crore in the second quarter of this fiscal, up from Rs 2,423.8 crore during the corresponding period last year, as reported in their Wednesday regulatory filing. Irfan Razack, Chairman and Managing Director of Prestige Group, stated that the company has delivered strong financial and operational performance. “The first half of FY26…