Tag: Bengaluru

Latest StoriesRegulatory

Karnataka HC отменяет штрафы Регулятора недвижимости

BENGALURU: The High Court has annulled a circular issued by the Real Estate Regulatory Authority (RERA) of Karnataka on September 3, 2020, due to lack of legislative authority. The circular aimed to retrospectively impose a “delay fee” for late submissions of quarterly updates and annual audit statements. This circular required builders, developers, and promoters to submit quarterly updates and annual audit statements as per Section 7 of the Real Estate (Regulation and Development) Act, 2016. The petitioners contended that while the Act mandates obligations for promoters, it does not empower the authority to enforce delay fees. They argued that delays…

IndustryLatest Stories

Catena Homes India faces ₹25-crore fraud claims over fake leases

BENGALURU: Catena Homes India Pvt Ltd, a Bengaluru-based property management company, is facing significant backlash after seven FIRs were lodged at various police stations. The complaints accuse the firm and its directors of defrauding tenants and homeowners of nearly Rs 25 crore through fraudulent lease and rental schemes. Authorities have arrested three individuals: Naveen, Raman, and Ranjith. The incidents span several areas, including Parappana Agrahara, Varthur, Ramamurthy Nagar, Amruthahalli, and Electronic City. The first complaint was registered by a resident of Bengaluru, who reported losing almost Rs 10 lakh on September 1 after being misled by the company’s rental promises.…

InfrastructureLatest Stories

New Bengaluru city corporations receive ₹125 crore boost

BENGALURU: The state government has authorized an initial allocation of Rs 125 crore for the five newly established city corporations, which were created from the previous Bruhat Bengaluru Mahanagara Palike (BBMP). Each corporation will receive Rs 25 crore to manage daily administrative and operational costs until a direct tax remittance system is implemented. This decision follows a proposal presented by the Chief Commissioner of the Greater Bengaluru Authority (GBA) under the Greater Bengaluru Administration Act-2024. The Act, enacted on September 2, 2025, restructured BBMP into five independent municipal corporations: Bengaluru West, Bengaluru South, Bengaluru North, Bengaluru East, and Bengaluru Central.…

CommercialLatest Stories

BlackRock Signs 1.43 Lakh Sq. Ft. Office Lease with IndiQube

BlackRock Services India, the local branch of the world’s largest asset manager, has secured a new office lease for approximately 143,000 square feet at IndiQube Symphony on MG Road in Bangalore’s central business district (CBD). The 10-year lease agreement has a total rental commitment of Rs 410 crore, ranking it among the largest enterprise flexible space transactions in recent months. The lease, which was registered earlier this month, will take effect on October 1, 2025. BlackRock will pay a monthly rent of Rs 2.72 crore at Rs 190 per square foot, supported by a security deposit of Rs 21.75 crore.…

Latest StoriesResidential

Bengaluru Buyers Struggle with RWAs and Asset Handover

BENGALURU: Apartment owners across the city are facing uncertainty regarding the establishment and registration of their resident welfare associations (RWAs). Issues range from the handover of communal assets to ambiguous directives from authorities. Residents report being pressured to assume maintenance responsibilities while still paying fees to the authorities, creating confusion about their rights, ownership, and the legal framework governing their associations. For example, in the BDA Kaniminike Housing Project, the civic authority issued a letter to homebuyers, urging them to form an association and submit a maintenance payment of 1%. This letter stated that all maintenance services, such as security,…

Latest StoriesRera

Karnataka-RERA Ruling Offers Hope for Distressed Plot Owners

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has ordered SL Plotted Development Projects Private Limited (SLPDPPL) to fulfill all promised amenities and ensure basic infrastructure at the Shriram Godhuli Layout project within six months, in accordance with the initial layout plan and sale deed commitments. This directive, issued on August 13, follows complaints from 52 purchasers of plots near Kathriguppe village in Chikkaballapur taluk. The K-RERA judgment notes, “The brochures, sale deeds, agreements, and submissions from complainants confirm that essential amenities—such as electricity, water, and sewage systems—are incomplete. Even key infrastructures like the overhead water tank, electricity connections, and…

Latest StoriesResidential

Bengaluru: No OC Required for Homes Under 1,200 Sq Ft

BENGALURU: Constructing a home on a 30×40 site within Greater Bengaluru Authority limits has become more straightforward. In a significant development for many residents, the state government announced on Tuesday that individual houses on plots of 1,200 sqft—featuring ground-plus-two floors or stilt-plus-three floors—will no longer require an occupancy certificate (OC), reports Niranjan Kaggere. The new directive authorizes the government to exempt specific types of buildings from the mandatory OC requirement. This decision follows increasing concerns from homeowners after a recent court ruling mandated OCs even for smaller residential properties. Officials noted that this exemption aims to simplify compliance and prevent…

Latest StoriesResidential

Senior Citizens Face E-Khata Issues Amid Aadhaar Mandate in Bengaluru

Representative AI image BENGALURU: Numerous senior citizens in the city are facing challenges in obtaining e-Khata for properties bought by their children, who are now living abroad. The requirement for Aadhaar ID on the Greater Bengaluru Authority (GBA) portal has left many families of Non-Resident Indians (NRIs) frustrated, as they lack this form of identification. For example, an octogenarian from RT Nagar, C V Govindharaju, is struggling to secure e-Khata for his flat purchased 22 years ago. “My son, who is a US citizen, assisted me in acquiring this apartment in 2003. However, the application for e-Khata is rejected because…

CommercialLatest Stories

日本企業、インドでGCCを狙う

AI-generated image (representative) HYDERABAD: Although Japanese companies have joined the global capability centre (GCC) scene in India later than others, the ‘silver tsunami’ in Japan is driving an influx of these firms to India. With approximately 30% of its population aged 65 and older, Japan faces a rapidly shrinking workforce while dealing with modernisation challenges. This situation has propelled Japanese companies to seek out India’s young and talented tech workforce, alongside its robust engineering capabilities and growing innovation ecosystem. As reported by Joules2Watts Business Solutions, India is now home to around 85 Japanese GCCs employing over 180,000 people, a number…

InfrastructureLatest Stories

Karnataka Housing Board Approves 43-Acre Township in Yelahanka

BENGALURU: The Karnataka Housing Board’s (KHB) ambitious integrated township project in Chikkajala, Yelahanka, is on track despite ongoing land disputes. The project is anticipated to include a multi-storied residential complex, a commercial center, a star hotel, and office spaces. Recently, the cabinet gave its approval for the project, which will operate under a public-private partnership (PPP) model on a 43-acre site, with an estimated cost of Rs 2,930 crore. However, ownership issues regarding the land remain a concern. The land acquisition saga dates back 23 years when KHB secured 95 acres and 13 guntas across multiple survey numbers in Chikkajala…