Tag: Bengaluru

InfrastructureLatest Stories

Karnataka CM: Goal is to Make Bengaluru World’s Most Liveable City

BENGALURU: On Friday, Karnataka Chief Minister Siddaramaiah unveiled several initiatives aimed at transforming Bengaluru into the “world’s most liveable city.” During the presentation of the 2026-27 Budget, he indicated that the five City Corporations under the Greater Bengaluru Authority will leverage their balance sheets to issue ‘Municipal Bonds’ for development activities. “Bengaluru is not just a city; it embodies numerous aspirations. From Nadaprabhu Kempegowda’s administration to the ongoing start-up boom, the city has preserved its distinctive identity. Our goal is to enhance Bengaluru into the world’s most liveable city,” Siddaramaiah stated. The Chief Minister announced that the development of ward…

IndustryLatest Stories

Karnataka CM Advocates ‘Balanced’ Development in 2026 Budget

BENGALURU: In a historic 17th budget presented in the Assembly on Friday, Karnataka Chief Minister Siddaramaiah proposed a social media ban for children under 16. The budget also includes plans for school modernization, completion of water projects such as the Mekedatu reservoir, which has faced opposition from Tamil Nadu, and a major infrastructure initiative for Bengaluru. With a total budget outlay of Rs 4,48,004 crore, he emphasized a development strategy that harmonizes welfare programs with infrastructure investments for long-term economic change, giving rise to a unique Karnataka-specific economic framework dubbed the “11G model.” Key announcements in the budget encompass filling…

InfrastructureLatest Stories

IISc Study Reveals Groundwater Crisis in Bengaluru; BWSSB Plans ₹10 Crore Summer Response

File Photo BENGALURU: A concerning decline in groundwater levels has been reported across 65 wards in Bengaluru’s western and northern corporation limits. In response, the city’s water supply authority has developed a ₹10 crore plan to address potential water shortages during the summer months. A collaborative study by the Indian Institute of Science and various groundwater agencies has highlighted an imminent groundwater crisis as Bengaluru braces for another hot summer characterized by high temperatures and increased water demands. Officials from the Bangalore Water Supply and Sewerage Board (BWSSB) noted that the report, generated using AI analytics and IoT-based groundwater monitoring…

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…