Tag: Bengaluru

IndustryLatest Stories

Sobha Reports ₹2,078 Crore in Q1 FY26 Pre-Sales

NEW DELHI: Sobha has reported its highest quarterly real estate sales in the first quarter of FY26, achieving pre-sales of ₹2,078 crore, with the company’s share amounting to ₹1,717 crore. The impressive quarterly performance was fueled by strong demand in key markets and the successful launch of Sobha Aurum in Greater Noida, marking the company’s debut project in the city. The total area sold during this quarter reached 1.44 million sq ft, with an average realization of ₹14,395 per sq ft. Regional Performance Bengaluru emerged as the leading market, contributing ₹602 crore in sales, followed by Gurugram with ₹352 crore.…

IndustryLatest Stories

KVN Properties, Assetz Group to Build 1M Sq Ft Project in Bengaluru

Representative image created by AI NEW DELHI: KVN Properties LLP has formed a strategic development management agreement (DMA) with Assetz Group to launch a residential project in North Bengaluru. The collaboration will facilitate nearly one million sq ft of development, with an anticipated gross development value (GDV) of ₹1,000 crore. The project is planned as a single-phase initiative projected to span 3-4 years. Through this strategic DMA model, KVN Properties will cover all project-related costs, including land acquisition and construction expenses. Meanwhile, Assetz Group will assume the role of development manager. This agreement brings the company’s total residential development commitments…

IndustryLatest Stories

₹30,885 Crore in Land Deals Across India in H1 2025

Representative image created by AI NEW DELHI: The Indian land market saw unprecedented activity in the first half of 2025, with approximately 2,900 acres sold across 76 transactions—exceeding the entire volume of 2024, which consisted of 133 deals covering 2,515 acres. A recent Anarock report indicates that land transactions in H1 2025 alone are valued at ₹30,885 crore, with potential revenue estimated at ₹1.47 lakh crore and a total development capacity exceeding 233 million sq. ft. Among the top seven cities in India, the Mumbai Metropolitan Region (MMR) dominated with 24 land transactions covering over 433 acres, followed by Bengaluru…

IndustryLatest Stories

Lodha Developers reports ₹44.5 billion in Q1 FY26 pre-sales

NEW DELHI: Lodha Developers kicked off FY26 on a positive note, reporting pre-sales of ₹44.5 billion in Q1 FY26, marking a 10% increase year-on-year, despite temporary setbacks from geopolitical tensions early in the quarter. The company is optimistic about meeting its annual pre-sales target of ₹210 billion. During the quarter, collections reached ₹28.8 billion, a 7% growth compared to Q1 FY25. The company anticipates stronger inflows in the latter half of the financial year due to project completions and new launches. Lodha Developers introduced five new projects in Q1 FY26 across the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru, boasting…

Latest StoriesRegulatory

Karnataka HC Upholds RERA Co-op Society, Dismisses Flat Owners’ Plea

BENGALURU: A recent high court ruling could reshape the establishment of apartment associations under Rera regulations. The court affirmed the legitimacy of the Commune 1 Apartment Co-operative Society. The ruling dismissed two writ petitions brought forth by a faction of flat owners and their registered welfare association. It concluded that the cooperative, formed under the Real Estate (Regulation and Development) Act (Rera), has the rightful authority to represent the allottees and oversee the project’s shared areas. The case arose from the Commune 1 Apartment Project, where the Commune 1 Residents Welfare Association contested the establishment of the co-operative society created…

IndustryLatest Stories

Karnataka’s New Apartment Law Draft Almost Complete

BENGALURU: The Karnataka government has announced progress on the long-awaited draft of a new apartment act, aimed at resolving the legal ambiguity surrounding ownership, maintenance, and land rights for thousands of apartment residents. The urban development department stated that the draft—which has been developed in collaboration with apartment associations, legal experts, and stakeholders—will soon be forwarded to ministers for approval. Tushar Giri Nath, additional chief secretary of the department, remarked, “The draft is nearly complete. We’ve conducted meetings and gathered feedback from the law department and apartment owners. We’re now adding the final touches before presenting it to the ministers.…

Latest StoriesResidential

Karnataka Housing Board to Acquire 315 Acres Near Kengeri

AI-generated Representative Image BENGALURU: Taking a significant step toward the aspirations of countless urban poor and middle-class families, the Karnataka Housing Board (KHB) has announced the acquisition of 315 acres in BM Kaval village, close to Kengeri. This expansive residential initiative, designed to provide housing and plots for the disenfranchised, was initiated with a preliminary notification released in late June. BM Kaval, located off Mysuru Road and well-connected via NICE Road and the extended Purple Line of Namma Metro, has long been seen as an area rich in urban potential. This housing project is poised to establish the region as…

Latest StoriesResidential

Karnataka Homebuyers Urge Action on Property Delays

BENGALURU: The Karnataka Home Buyers Forum has presented a memorandum to Chief Secretary Shalini Rajneesh, urging the state government to address long-standing issues that impact countless homeowners, particularly concerning ownership rights and regulatory gaps. “We want to highlight that homebuyers in Karnataka face significant challenges in asserting their ownership rights,” reads the memorandum. The forum detailed key obstacles and proposed solutions for the Chief Secretary’s consideration, advocating for the interests of millions affected. One major issue raised is the Bruhat Bengaluru Mahanagara Palike’s (BBMP) failure to update khata mutation records for apartment owners. Despite having registered their flats, many owners…

CommercialLatest Stories

Top 7 Cities’ Office Leasing Up 40% in H1 2025: Anarock

NEW DELHI: The commercial real estate sector in India showed a strong recovery in the first half of 2025, with net office leasing in the seven largest cities rising by 40% year-on-year to around 26.8 million sq ft, according to Anarock Research. This compares to 19.08 million sq ft in the same period last year. Bengaluru was the standout performer, achieving 6.55 million sq ft of net absorption, a 64% increase from 4 million sq ft in H1 2024. Pune reported the highest year-on-year growth rate in leasing, soaring by 188% to 3.8 million sq ft, up from 1.32 million…

IndustryLatest Stories

Bengaluru Property Work Stalled by e-Khata Delays

BENGALURU: The implementation of e-Khata, a digital property document system designed for property sales, building approvals, and ownership regularization, is facing significant hurdles in Bengaluru. Launched citywide in 2024 and accessible via Bruhat Bengaluru Mahanagara Palike (BBMP) offices, Bengaluru One centres, and public drives, this system aimed to streamline property documentation and safeguard against fraud. However, residents are experiencing severe delays attributed to server outages, document mismatches, and insufficient options for correcting errors in draft e-Khatas. While approximately 25 lakh properties are listed with draft e-Khatas online, only 5.34 lakh have received official approval to date. Without a reliable process…