Tag: Bengaluru

IndustryLatest Stories

India’s Q1 2026 Real Estate Inflows Reach $5.1 Billion

NEW DELHI: According to a report by CBRE, capital inflows into India’s real estate sector reached an all-time high of $5.1 billion in the January-March quarter of 2026, a 72% increase from $2.9 billion during the same period last year. Sequentially, investments rose by approximately 53% from the $3.3 billion recorded in the October-December quarter of 2025, showcasing ongoing institutional interest despite global economic uncertainties. During this quarter, domestic investors were predominant, representing nearly 96% of total inflows. Developers led the way in capital deployment with a 42% share, followed closely by real estate investment trusts (REITs) at around 40%.…

CommercialLatest Stories

Office rentals in Delhi-NCR, Bengaluru surpass ₹100/sq ft: Knight Frank

NEW DELHI: Prime office rents in Bengaluru and Delhi-NCR have surpassed Rs 100 per sq ft for the first time, driven by demand outstripping supply, according to Knight Frank’s latest data. In Mumbai, average office rents have already crossed this threshold. The data indicates that office space rentals in eight major Indian cities increased by 2 to 15 percent from January to March 2026 compared to the same period last year. The highest annual growth rate of 15 percent was observed in Delhi-NCR and Kolkata. “Supply constraints in key markets have fostered a persistent rental upcycle since early 2022,” Knight…

Latest StoriesRegulatory

Karnataka HC: Sub-registrars must update docs in 4 weeks

BENGALURU: To prevent future litigations once sale deeds are declared void, the Karnataka High Court has established new guidelines for civil and commercial courts, as well as sub-registrars, to update property documents in a timely manner. Justice Sachin Shankar Magadum emphasized that in cases where a registered document related to immovable property is annulled, all civil and commercial courts must send a copy of the decree to the respective sub-registrar within four weeks. This correspondence should include the document number, registration date, book and volume details, and the nature of the annulled document. The decree must be accompanied by a…

IndustryLatest Stories

Bengaluru Real Estate Stable Amid Global Tensions

BENGALURU: Despite ongoing global tensions, Bengaluru’s real estate market remains stable. Although investor sentiment has been affected, particularly among overseas buyers, there hasn’t been a notable decline in demand. Experts attribute this resilience to local factors, such as job growth, infrastructure improvements, and consistent homebuyer interest. “The demand from Middle Eastern investors has dropped by nearly 50% since unrest escalated, but we expect it to stabilize and potentially rise again. Even with a boost in property sales in the UAE, Indian properties are not facing distress sales. Given that returns on Dubai properties may stagnate, the robust growth in India…

Latest StoriesResidential

Bengaluru Development Body’s New Maintenance Policy Starts Next Month

BENGALURU: The Bangalore Development Authority (BDA) plans to implement a new maintenance policy for its apartment projects starting next month. This policy will apply to new developments and aims to bring existing apartments under a similar framework. Although BDA currently oversees essential services, including lifts, security, garbage disposal, and common areas, officials acknowledge the absence of a formal maintenance management and funding policy. The proposed policy will clarify the duration of the developer’s maintenance responsibility—likely one to two years—after which duties will shift to resident welfare associations (RWAs). It also aims to standardize maintenance charge calculations and collections. Currently, BDA…

IndustryLatest Stories

Sowparnika Projects targets ₹500 crore to double revenue

Sowparnika Projects, a prominent real estate developer in South India, is in the final stages of raising ₹500 crore to support its expansion and enhance its project portfolio over the next 18 to 24 months. “We are negotiating with several funds, including Neo Alternative Asset Managers, WSB Real Estate Partners, and ASK. The company has received approvals for transactions from some of these investors and is aiming to finalize the ₹500 crore target,” stated Ramji Subramaniam, Managing Director of Sowparnika Projects. “In the next two years, we plan to develop 5.5 million sq ft across Bengaluru, Kerala, and Tamil Nadu,”…

IndustryLatest Stories

A-khata Maze: High Costs, Delays in Bengaluru Approvals

BENGALURU: For thousands of property owners in the city, obtaining an A-khata remains a significant challenge, with only 818 properties receiving this designation in the past six months, according to official data. The process for converting B-khata properties into legally recognized A-khata properties was made public on October 15 last year. Despite there being an estimated 820,000 B-khata properties in Bengaluru, only 8,308 applications have been submitted, with only about 10% approved, leaving around 7,490 applications still pending. “The primary hurdle isn’t administrative delays but the lack of proper documentation from applicants. Many property owners do not have approved layout…

Latest StoriesRera

Bangalore body to pay ₹56L interest for Kempegowda delays

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-Rera) has instructed the Bangalore Development Authority (BDA) to pay ₹56 lakh in interest to complainant Mridula Krishnapur for delays in providing basic amenities at the Nadaprabhu Kempegowda Layout (NPKL). This decision marks a significant setback for the BDA, whose NPKL project was previously flagged as lapsed by K-Rera last year. The authority also determined that BDA qualifies as a ‘promoter’ under the Rera Act, holding it accountable for any delays and inadequacies. Mridula had purchased a site in the 8th Block of Sector-B of NPKL in Kengeri hobli for ₹96.9 lakh under…

Latest StoriesResidential

Housing Supply Rises 10%, Prices Up 14% in Q1 2026 Report

NEW DELHI: According to Magicbricks’ PropIndex report, India’s residential real estate market saw a 10.1% year-on-year increase in housing supply during Q1 2026. Property prices also rose by 14.1% across major cities. Active listings in 13 key cities increased by 6.8% from the previous quarter and 10.1% year-on-year, surpassing 1.1 lakh units during January-March. The average residential price has climbed to ₹14,633 per sq ft. However, demand exhibited a slight decline on a sequential basis, dropping 2.2% quarter-on-quarter. Annually, demand remained stable, with a 1.5% increase, totaling approximately 31.7 lakh units. At the city level, demand trends differed—Noida, Chennai, and…

Latest StoriesRera

Karnataka RERA Resolves Complaints on Kempegowda Layout Issues

BENGALURU: The Nadaprabhu Kempegowda Layout (NKPL) project has once again come under scrutiny from Karnataka Rera, as several allottees have lodged complaints against the BDA regarding delays in unit handovers. Unfortunately, these complaints were dismissed due to inadequate documentation. The situation arose when allottees requested refunds along with interest. Upon reviewing the claims, the authority noted that crucial documents—such as sale agreements, construction agreements, payment receipts, and account statements—were missing from the submissions. The authority emphasized the need for a thorough examination of contractual terms, payment records, commitments timelines, and any breaches. Without these documents, it cannot ascertain the exact…