Tag: Bengaluru

CommercialLatest Stories

Sumadhura Capitol Towers Leases 500K Sq Ft in Bengaluru

Sure! Here’s a rewritten version of your content: NEW DELHI: The Sumadhura Group has leased 500,000 sq ft of office and retail space to international companies at Sumadhura Capitol Towers, located in Whitefield, Bengaluru. The leasing activities are expected to yield an annual revenue of ₹50 crore. Madhusudhan G, the chairman and managing director, stated, “Bengaluru’s Grade A+ office real estate continues to attract significant interest from both local and international tenants, driven by solid infrastructure development, increasing demand, and improved connectivity.” Sumadhura Capitol Towers covers 8.67 acres with a leasable area of 1.5 million sq ft and was designed…

Latest StoriesRegulatory

Karnataka HC: BDA Must Prove Title in Sadashivanagar Case

BENGALURU: The Karnataka High Court has resolved two writ appeals concerning a protracted land use and ownership dispute over a one-acre plot adjacent to the Sadashivanagar Club. The court ruled that the land use designation in the Bengaluru Master Plan has expired due to non-utilization. A division bench consisting of Justice SG Pandit and Justice TM Nadaf stated that any further actions on the application filed by members of the former Mysuru royal family would hinge on the outcome of a pending civil suit before the Bengaluru city civil judge. The appeals were put forth by the Bangalore Development Authority…

CommercialLatest Stories

India’s Office Market to Surpass 1 Billion Sq Ft: Report

NEW DELHI: A recent report by Knight Frank India indicates that India’s total office stock will exceed one billion square feet by Q3 2025. The report reveals that the cumulative office space in the top eight Indian cities was 993 million sq ft as of H1 2025. From less than 200 million sq ft in 2005, the office supply has experienced a compound annual growth rate (CAGR) of 8.6%, approaching one billion sq ft by 2025. Bengaluru currently leads with 229 million sq ft, representing 23% of India’s total office stock. It is followed by the National Capital Region (NCR)…

IndustryLatest Stories

Karnataka Allottees Await Sale Deeds from Industrial Board

Representative image created by AI BENGALURU: Prolonged delays and disputes in the issuance of sale deeds by the Karnataka Industrial Areas Development Board (KIADB) are severely impacting entrepreneurs. Many have reported being stuck despite having fully paid for their plots years ago. According to interviews conducted by TOI, numerous allottees find their industrial aspirations hindered due to land embroiled in legal disputes or pending sale deeds caused by bureaucratic obstructions. A 72-year-old resident of Isro Layout, who applied for a plot in Harohalli III Phase in 2004, mentioned that he was only called for an interview in 2016. After investing…

InfrastructureLatest Stories

Centre Seeks Nod for Drone Mapping in 353 Karnataka Villages

Representative image created by AI BEGNALURU: The state government is making significant strides to expedite property surveys through the Centre’s SVAMITVA scheme, seeking approval from the Union Ministry of Civil Aviation (MoCA) to operate drones over 353 red zone villages. These villages are close to sensitive locations such as airports, military bases, and other high-security areas, requiring prior clearance for drone operations. This initiative is part of a broader plan to complete aerial surveys in all 30,715 villages by March 2026, aiming to establish legal ownership records and address rural land disputes. Union Panchayat Raj Minister SP Singh Baghel recently…

InfrastructureLatest Stories

PM to Launch Bengaluru’s Yellow Line Metro on August 10

BENGALURU: On Sunday, BJP leader Tejasvi Surya announced that Prime Minister Narendra Modi will visit Bengaluru to inaugurate the Yellow Line Metro on August 10. During this visit, the Prime Minister will also lay the foundation stone for Metro Phase-3. In a post on ‘X’, Surya stated, “Hon. PM Sri @narendramodi Ji’s visit to Bengaluru on August 10 will be a landmark moment for Bengaluru South. He will not only inaugurate the long-anticipated Yellow Line Metro operations but also lay the foundation stone for Metro Phase-3—a project approved by the Cabinet in the first 100 days of his third term.”…

IndustryLatest Stories

Bengaluru: E-Khata Error Leaves Owner with Massive Tax Bill

BENGALURU: The Bruhat Bengaluru Mahanagara Palike (BBMP) launched e-khata services at BangaloreOne centers across the city on November 11, 2024. The launch was announced by BBMP Chief Commissioner Tushar Girinath following a week-long training for the BangaloreOne staff. This initiative aims to alleviate the challenges faced by property owners and protect them from exploitation by private cyber centers, which often charge up to ₹5,000 for e-khata-related services that are now available at government centers for regulated fees. If the experience of a flat owner is any indication, property owners must be vigilant and verify their property details before uploading relevant…

Latest StoriesRegulatory

Bengaluru Civic Body Fines Builder, Fires Officials Over Ramp Encroachment

BENGALURU: The BBMP has imposed a fine of Rs. 1 lakh on the owner of a building on MN Krishna Rao Road in Basavanagudi for unlawfully constructing a ramp on a public footpath, thereby hindering pedestrian movement. The ramp, part of a building under construction at Property No. 16, overtook the entire footpath and was covered with green netting, rendering it unusable for pedestrians. Following complaints, BBMP officials conducted an inspection and confirmed the encroachment. The ramp, rather than being confined to private property, extended across the entire pedestrian walkway, forcing people onto the road. This violation was brought to…

Latest StoriesRegulatory

ED Raids Ozone Urbana Developers Over Homebuyers’ Fraud

BENGALURU: The Enforcement Directorate (ED) has executed searches on a Bengaluru-based real estate firm and its promoters, who are accused of defrauding home buyers of several crores in connection with the sale of flats in their residential project, according to official sources. At least ten locations associated with Ozone Urbana Developers Pvt. Ltd. and its key management were searched in Bangalore and Mumbai under the Prevention of Money Laundering Act (PMLA). The main promoter of the company is Satyamoorthi Vasudevan. The ED initiated action against the company and its promoters following multiple police FIRs concerning their residential project named Ozone…

IndustryLatest Stories

Karnataka to Develop Policies Supporting Real Estate Sector

AI generated image for representation purposes. BENGALURU: The Karnataka government is dedicated to fostering a policy environment that bolsters the real estate sector, as stated by a senior official on Thursday. Karnataka Urban Development Department Additional Chief Secretary Tushar Giri Nath delivered the keynote at the second CII Karnataka Real Estate Conference here. “To develop Tier 2 and 3 cities as future growth engines, a robust transportation network, integrated urban planning, and aligned policy frameworks are vital,” he noted. Nath emphasized that as Karnataka experiences swift urbanization, it is essential to ensure that growth remains inclusive and carefully planned. “We…