Tag: Bengaluru

Latest StoriesResidential

Property Owners Criticize Bengaluru Body for High Khata Fees

BENGALURU: The high khata transfer fee set by the Bangalore Development Authority (BDA) has faced criticism from property owners in its developed layouts. Property owners express willingness to pay a transfer fee but dispute the significant increase introduced by the BDA. They assert that the hike is not justified and imposes an undue financial strain on individuals updating property ownership records without any meaningful additional service or benefit. A common complaint is that the BDA charges the same fee for transferring khata to a dependent’s name after the original owner’s death as it does for standard sale transactions. Owners have…

IndustryLatest Stories

Abhishek Kapoor Named New CEO of My Home Constructions

NEW DELHI: My Home Constructions, a subsidiary of the My Home Group based in Hyderabad, has announced the appointment of Abhishek Kapoor as the new chief executive officer (CEO), effective immediately. Kapoor recently resigned as group CEO and executive director at Puravankara. “Our goal is to strengthen My Home’s footprint in Bengaluru, Chennai, and Mumbai through innovative products and exceptional customer service,” Kapoor stated. He will be responsible for driving the company’s growth strategy, focusing on business development, land acquisition, sales and marketing, strategic partnerships, and operational execution. My Home Constructions currently has over 50 million sq ft of construction…

InfrastructureLatest Stories

Bengaluru Authority to Launch in September

BENGALURU: The state government is finalizing preparations to launch the Greater Bengaluru Authority (GBA) on September 2. This new entity will replace the Bruhat Bengaluru Mahanagara Palike (BBMP) with five municipal corporations. Draft orders for the new corporations have already been issued, objections have been considered, and a final notification is expected soon. The historic BBMP headquarters, which has housed the city’s administration since 1947, is being renovated to serve as the Chief Minister’s office in his role as Chairperson of the GBA. The Bengaluru Urban Development Minister, acting as Deputy Chairperson, will work from the upgraded Deputy Mayor’s office.…

InfrastructureLatest Stories

Bengaluru invites global bids for revised 2041 master plan

BENGALURU: The Bangalore Development Authority (BDA) has initiated a global tender to develop the Revised Master Plan (RMP-2041), which aims to create a comprehensive vision for the city’s future. This decision follows the previous RMP-2031 being put on hold due to criticism over insufficient scientific foundation, inadequate stakeholder involvement, and failure to tackle the city’s rapid and unplanned growth. Interested bidders can submit proposals until September 30. BDA officials assert that the new plan will rectify past shortcomings and establish a robust framework for managing Bengaluru’s growing population, increasing traffic, and urban expansion. A high-tech 3D drone survey is currently…

CommercialLatest Stories

Microchip Acquires Bengaluru Office Space for ₹176 Crore

Representative image Bengaluru: Microchip Technology, a US-based semiconductor leader, has acquired 1.72 lakh sq ft of office space in Whitefield for ₹176 crore. This is one of the largest office buyouts in the city this quarter. According to the registered sale deed from Propstack, the purchase consists of two commercial blocks located at 170-172, Phase 2, EPIP Zone, Whitefield. The seller, Ascendum Solution India, is a part of Cincinnati’s Vora Group, which is involved in IT services, business solutions, and real estate. The office space comprises two blocks measuring 92,098 sq ft and 80,395 sq ft, each featuring a basement,…

Latest StoriesRegulatory

Karnataka HC Advocates for GIS Land Mapping in State

BENGALURU: The Karnataka High Court has mandated the state government to create a unified technological platform using Geographic Information System (GIS) to provide a single, verifiable source for all land-related information. The court’s directive requires that the platform incorporates a GIS-based foundation, serving as a comprehensive and unalterable map of land parcels throughout the state. It will utilize high-resolution satellite imagery from the Forest Survey of India (FSI) and the Indian Space Research Organisation (ISRO) to accurately demarcate and geo-tag all designated forest boundaries in accordance with historical gazette notifications. Additionally, it will monitor forest cover via remote sensing data…

IndustryLatest Stories

Karnataka Passes Bill to Regulate 15% Building Violations

BENGALURU: The Karnataka Assembly passed the Municipal Corporations (Amendment) Bill, 2025, on Tuesday, allowing municipal commissioners to regularise unauthorized buildings by imposing penalties. This has drawn parallels with the Akrama-Sakrama scheme, which is still awaiting a decision from the Supreme Court. Urban Development Minister BS Suresha (Byrathi), while presenting the bill, stated that the amendment will only apply to unlawful structures that can be legalised under existing regulations. “This will not apply to buildings that have been slated for demolition,” he stated. Under the new provisions, municipal commissioners are empowered to issue occupancy certificates (OCs) for buildings that lacked commencement…

IndustryLatest Stories

KVN Properties to Raise ₹1,000 Crore for Business Expansion

NEW DELHI: KVN Properties, a real estate firm, plans to raise ₹1,000 crore from Kotak Realty Fund to fuel its expansion, according to sources. Founded by Venkat K Narayana, former CEO of Prestige Estates Projects Ltd., KVN Properties is based in Bengaluru. Sources indicate that the firm is currently negotiating with Kotak Realty Fund for growth capital. The company plans to raise funds through the issuance of debentures. KVN Properties has not commented on this matter. This fundraising initiative will facilitate KVN Properties’ expansion into prime land parcels across India, expected to be developed through joint development agreements (JDA) or…

CommercialLatest Stories

Apple Signs 10-Year Lease for 2.7 Lakh Sq Ft in Bengaluru

Certainly! Here’s a rewritten version of the content: NEW DELHI: Apple India has secured approximately 270,000 square feet of office space in Bangalore, committing to a 10-year lease with an initial monthly rent of Rs 6.3 crore, as reported by data analytics firm Propstack. As the leading exporter of mobile phones from India, Apple has exported iPhones valued at around Rs 1.5 lakh crore in the financial year 2024-25. The space, sourced from the Embassy Group, includes several floors and car parking facilities. According to Propstack, Apple is projected to spend over Rs 1,000 crore on rent, car park, and…

Latest StoriesResidential

Karnataka Minister: 40,000 of 700K e-khata Apps Pending

MYSURU: Property owners can breathe easier as significant progress has been made on the e-khata issue. Urban Local Bodies (ULBs) are accelerating approvals and minimizing backlogs. In response to a question from Chidananda M Gowda in the legislative council last week, Municipal Administration Minister Rahim Khan disclosed that 700,899 e-khata applications have been submitted statewide. Out of these, 653,989 have already been approved, leaving 45,910 still pending. He noted that several ULBs have achieved a status of zero pending applications. In Mysuru district specifically, 14 ULBs processed 72,184 applications, with 62,277 approved. Additionally, 3,143 applications were rejected for various reasons,…