Tag: Bengaluru

IndustryLatest Stories

Bengaluru Authority Creates Ward-Level Plan to Cut Emissions

Representative AI image BENGALURU: The Greater Bengaluru Authority’s Climate Action Cell (CAC) is developing a ward-level climate action plan for Bengaluru. As part of this initiative, 10 wards across five city corporations will be selected, and a specific ward climate action plan (WCAP) will be created for each. These plans will offer a comprehensive overview of current environmental conditions, primary challenges, potential solutions, and a prioritized list of actions to ensure effective execution. The CAC is forming a working group to spearhead this project. According to the recent stakeholder meeting, this group will provide technical and sectoral expertise, assist with…

IndustryLatest Stories

Tax and Stamp Cess for Bengaluru Business Corridor Costs

BENGALURU: The state government will impose a betterment tax and a 1% stamp duty cess on properties near the 117km-long Bengaluru Business Corridor (BBC) to recover project costs. The Bangalore Development Authority (BDA) will oversee the complete construction, with funds collected going towards repaying a Rs 27,000-crore loan from HUDCO. Documents from TOI indicate that the government expects the BBC to elevate land values in the vicinity, therefore, a 1,000-meter impact zone will be established for taxation purposes. “Given that the project’s influence will be more pronounced within the first 500 meters from the road, a betterment levy in accordance…

CommercialLatest Stories

BHIVE Workspace Leases 100K+ Sq Ft in Bellandur

Representative image NEW DELHI: BHIVE Workspace, a provider of co-working and managed office spaces, has leased over 100,000 square feet for a new center at Sattva Premia, Bellandur, Bengaluru. Shesh Rao Paplikar, founder & CEO of the company, stated, “The new Grade A center strengthens our position in Bengaluru’s business corridor and enhances accessibility and connectivity via HSR and the upcoming Blue Line metro.” The center, which has been leased from Sattva, can accommodate more than 2,000 seats and is designed to meet the rising demand from corporates, enterprises, and Global Capability Centers. Published On Oct 16, 2025 at 04:00…

IndustryLatest Stories

Mahindra Logistics Secures 4.75 Lakh Sq Ft Warehouse in Kolkata

Mahindra Logistics Ltd, part of the Mahindra Group’s logistics and supply chain services, has secured over 4.75 lakh sq ft of warehousing space in Howrah district, near Kolkata, through a long-term lease. This transaction is one of the largest logistics leases in eastern India in recent years. The new lease agreement is for a warehouse in Subharara, Howrah, commencing on April 1, 2025, with a duration of 9 years and 9 months. The monthly rental cost for the space is Rs 97.72 lakh, equating to Rs 20.60 per sq ft. Additionally, a security deposit of Rs 2.93 crore is included,…

IndustryLatest Stories

Kolte-Patil Q2 FY26 Pre-Sales Fall 13% to ₹670 Crore

NEW DELHI: Kolte-Patil Developers Ltd has reported a 13% decline in sales bookings, amounting to Rs 670 crore for Q2 of this fiscal year, attributed to reduced area sold amidst declining demand in the Indian residential sector. In the same period last year, sales bookings were ₹770 crore. According to a regulatory filing from the Pune-based firm, sales volumes fell by 17%, totaling 0.86 million square feet in the July-September quarter compared to 1.03 million square feet the previous year. In the first half of the fiscal year, the company’s sales bookings decreased by 13% to Rs 1,286 crore, down…

Latest StoriesResidential

Bengaluru Offers One-Time Scheme for B-Khata to A-Khata Conversion

BENGALURU: The Greater Bengaluru Authority revealed a ‘one-time settlement’ initiative on Wednesday, permitting all B-khata properties within its jurisdiction to apply for conversion to A-khata. A-khata refers to legitimate properties sanctioned by government planning agencies like the Bangalore Development Authority (BDA). In contrast, B-khata, often termed as ‘bogus khata’, applies to properties constructed without official approval. According to GBA Chief Commissioner M Maheshwar Rao, “This one-time settlement grants all B-khata property owners a chance to apply for ‘single plot’ approval from the city corporations, leading to automatic conversion to A-khata.” He specified that B-khata flats or multi-storey units are not…

IndustryLatest Stories

Godrej Properties buys 26 acres of land in Bengaluru

Representative AI image NEW DELHI: Godrej Properties (GPL) has acquired a 26-acre land parcel in South Bengaluru, near Sarjapur Road. Gaurav Pandey, MD & CEO, remarked, “As Bengaluru solidifies its reputation as one of India’s most vibrant real estate markets, the Sarjapur Road corridor emerges as a pivotal growth zone in the city’s urban landscape.” GPL intends to develop a premium residential project on this land, projecting a revenue potential of ₹1,100 crore. Published On Oct 15, 2025 at 08:37 AM IST Join a community of over 2 million industry professionals. Subscribe to our Newsletter for the latest insights &…

Latest StoriesResidential

Ranjan Pai’s firm acquires Bengaluru bungalow for ₹166 crore

Representational Image BENGALURU: The luxury property market in Bengaluru has reached unprecedented heights with the sale of a prime bungalow located at 50 Lavelle Road, marking the city’s most expensive property transaction both in total value and per square foot. The 25,824 sq. ft. site was purchased by Esencia Partners, associated with Manipal Group chairman Ranjan Pai, for Rs 165.66 crore—an extraordinary Rs 64,166 per sq ft, a record for central Bengaluru. This sale underscores the remarkable growth in Bengaluru’s ultra-luxury residential sector, where deals in the Rs 40 crore to Rs 60 crore range have become more frequent, pivoting…

InfrastructureLatest Stories

Bengaluru AECS Layout Residents Demand Action on Illegal High-Rises

BENGALURU: Frustrated by ongoing issues such as water shortages, traffic jams, and increasing crime rates, a group of volunteers from AECS Layout, located near Brookefield and Kundalahalli, decided to take action. They conducted a survey of their area and uncovered 30 high-rises under construction that they allege are violating norms set by the Greater Bengaluru Authority (GBA). Their findings revealed that numerous buildings have been erected beyond the sanctioned heights of G+2 or G+3, reaching G+6, G+7, and even G+8 floors. Residents expressed that this unauthorized vertical expansion has led to severe sewage overflow, garbage accumulation, traffic congestion, and diminished…

InfrastructureLatest Stories

Bengaluru Makes Greywater Recycling Mandatory for New Builds

BENGALURU: In a significant move to conserve water and reduce reliance on the Cauvery River, the Bangalore Water Supply and Sewerage Board (BWSSB) has announced plans to make greywater recycling mandatory for all newly constructed buildings and detached homes in the city. A detailed policy framework is being developed and will be submitted for government approval by the year’s end. Currently, the requirement for wastewater treatment and reuse applies only to apartment complexes with over 120 units. However, given Bengaluru’s rapidly increasing population and frequent water shortages due to climate change, officials believe expanding this mandate to individual residences is…