Tag: Bengaluru

IndustryLatest Stories

Khata Freeze Leaves Thousands of Bengaluru Properties Stuck

Sure! Here’s a rewritten version of your content: BENGALURU: Property owners within the Greater Bengaluru Authority (GBA) limits face significant challenges in obtaining khata-related services for their properties, as khata bifurcation has been on hold for several years. The process for converting B-khata properties to A-khata has been exceedingly slow, and there are no provisions for khata division, leaving countless citizens with unusable property records. Residents believe that a shift in policy has exacerbated the issue. Previously, the Bangalore Development Authority (BDA) managed khata bifurcation, but this responsibility has since moved to the GBA’s town planning department. Officials assert that…

IndustryLatest Stories

Sobha Q3 FY26 Net Profit Drops by 28.87%

NEW DELHI: Bengaluru-based Sobha reported a 28.87% decline in net consolidated profit for Q3 FY26, ending December 31, 2025. The profit after tax was ₹15.42 crore, compared to ₹21.68 crore in the same quarter of the previous fiscal year, according to a BSE filing. The company’s net consolidated total income for Q3 FY26 was ₹983.10 crore, marking a 21.78% decrease from ₹1,256.87 crore in the same quarter last year. Jagadish Nangineni, the managing director, stated, “Although procedural delays in obtaining occupancy certificates (OCs) have temporarily tempered quarterly profitability, we are optimistic about expediting project completions, which will significantly improve our…

Latest StoriesRegulatory

Bengaluru conducts door-to-door survey for tax dodgers

BENGALURU: The Greater Bengaluru Authority (GBA) has initiated a door-to-door survey aimed at identifying property owners who are evading taxes by submitting false or inaccurate information. Notices have already been distributed to those found in violation. The city has approximately 2.2 million properties subject to property tax, where owners typically pay under a self-assessment scheme. However, many have misreported property details, leading to significant tax evasion, prompting the GBA to conduct a comprehensive field survey to verify all properties. Survey Drive A GBA representative stated, "This survey encompasses the five municipal corporations within Greater Bengaluru, spanning 369 wards. Each ward…

Latest StoriesResidential

548 Families Still Await Allotments in Karnataka CM’s Housing Scheme

BENGALURU: Confusion between the Greater Bengaluru Authority (GBA) and the Rajiv Gandhi Housing Corporation Limited (RGHCL) has left 548 families stranded, despite fully constructed homes awaiting allocation under the chief minister’s Rs 1-lakh multi-storey housing scheme. Nearly 500 beneficiaries who arrived at the RGHCL office on KG Road on Monday to collect possession documents and keys were turned away, as officials stated that the final list of allottees had not yet been provided by GBA. With no update on the resolution, the beneficiaries held a silent protest outside the office. Parashuram Shinnalkar, managing director of RGHCL, stated that the corporation…

IndustryLatest Stories

Puravankara’s Q3 FY26 Pre-Sales Reach ₹1,414 Crore

Here’s a revised version of your content: NEW DELHI: Puravankara reported pre-sales of ₹1,414 crore in Q3 FY26, reflecting a 17% year-on-year increase, while collections rose by 22% to ₹1,140 crore. In the nine months ending December 2025, the company expanded its development portfolio with projects amounting to an estimated gross development value (GDV) of approximately ₹13,900 crore across Bengaluru and Mumbai. The growth included land acquisitions, joint venture agreements, and redevelopment projects, contributing a total potential developable area of 12.76 million sq ft during this period. During Q3 FY26, Puravankara delivered 1.23 million sq ft, equating to 1,116 homes,…

Latest StoriesRegulatory

HC Upholds Land Acquisition for Banashankari VI Stage

BENGALURU: The High Court has upheld the Bangalore Development Authority’s (BDA) acquisition of land for extending Banashankari VI Stage, connecting the existing layout via Kanakapura Road. A division bench, comprising Justice DK Singh and Justice Tara Vitasta Ganju, rejected the appeals filed by K Gangamma and others against a single bench ruling that dismissed their petitions challenging the acquisition of 75 guntas in Gubbalala village. The land was initially notified on November 17, 2002, with the final notification released on September 9, 2003. The appellants argued they were unfairly treated compared to owners of 657 acres and 15 guntas who…

CommercialLatest Stories

Honeywell Leases 400,000 Sq Ft at Ecoworld, Bengaluru

Representative image BENGALURU: Honeywell, a US-based technology giant, has signed a lease for 399,220 square feet of office space at Ecoworld in Bellandur through its Indian subsidiary, Honeywell Technology Solutions Lab, as reported by Propstack. This agreement is among the largest single-tenant leases in the tech corridor of Bengaluru. The office, located in Block 5A of Ecoworld, is owned by Arliga Ecoworld Business Parks. The lease, beginning on January 1, 2026, spans a duration of 84 months (7 years). According to the registration document, “The leased space covers multiple levels, from the ground to the second floor, and also the…

IndustryLatest Stories

Karnataka Housing Board Plans 593-Acre Project Near Foxconn

Representative image BENGALURU: The Karnataka Housing Board (KHB) has announced plans to acquire 593 acres of land near Devanahalli for a significant project, targeting regions experiencing rapid growth from substantial industrial investments, including the Foxconn manufacturing site. The proposal encompasses land in Vishwanathapura, Beerasandra, Shyanappanahalli, and Vajarahalli villages in Kundana hobli, Devanahalli taluk, Bengaluru Rural district. Officials indicated that the initiative aims to meet increasing residential demand spurred by swift urbanization and industrial expansion in the area. This notification, issued last week under the Land Acquisition Act, allows a 60-day period for landowners and interested parties to submit objections and…

IndustryLatest Stories

Over 99% E-Khata Applications Approved: Bengaluru Authority Data

BENGALURU: The Greater Bengaluru Authority’s e-Khata initiative has demonstrated exceptional administrative performance, with over 99% of applications processed across the city, as per corporation-wise data from January 7. In total, five city corporations received 9.1 lakh applications, with approximately 9 lakh already approved. The West city corporation recorded the highest volume of applications at 2.7 lakh, followed closely by the South with 2 lakh. Officials noted that the higher backlog in these areas was directly related to the volume of applications received. Delays predominantly stemmed from mutation processing, which constituted more than 90% of pending cases citywide. The West region…

InfrastructureLatest Stories

Bengaluru body demolishes ‘illegal’ homes in Saraipalya

Representative AI image BENGALURU: On Thursday around 6 AM, residents of Saraipalya in Thanisandra, north Bengaluru, were awakened by the sound of heavy machinery demolishing their homes. The Bangalore Development Authority (BDA) executed the demolition on survey numbers 28/1 and 28/2 of Thanisandra village. BDA superintendent K Lakshmi Ganesh informed TOI that approximately 22 “illegal” structures across two acres were taken down, including nine godowns, a car garage, and a furniture shed. Around 12 families were living in the sheds, which are on land designated as BDA property. However, locals reported that over 60 structures were demolished. When questioned about…