Tag: Bengaluru

CommercialLatest Stories

Bengaluru Office Leasing Drops 23% to 14.1M Sq Ft in H1 2026

NEW DELHI: In the first half of 2026, Bengaluru reported office transactions totaling 14.1 million sq ft, reflecting a 23% drop year-on-year, as per a Knight Frank India report. This decrease is attributed to a high benchmark set in H1 2025, which included 8.3 million sq ft of pre-commitment transactions. Notably, excluding these pre-commitments, Bengaluru achieved its highest half-yearly leasing volume, the report highlighted. Office completions surged by 407% from the previous year, reaching 10.4 million sq ft in H1 2026 as numerous large-scale projects that faced delays were finally completed. The total office inventory in Bengaluru increased to 254…

Latest StoriesResidential

1.71 Lakh Homes Sold in Top 8 Indian Cities in H1 2026

Representative AI image NEW DELHI: According to a report from Knight Frank India, India’s eight leading residential markets recorded a total of 171,471 housing unit sales in H1 2026, marking a one percent increase year-over-year. New housing launches reached 187,350 units during the same period, reflecting a four percent annual growth. Total sales for the year 2025 were 348,207 units, slightly lower compared to the previous year. Knight Frank noted that the residential market is entering a phase of late-cycle consolidation, as sales stabilize after a four-year recovery period following the pandemic-induced downturn in 2020. Mumbai continues to lead as…

IndustryLatest Stories

WSB Partners Invests ₹75 Crore in Sowparnika Projects

Representative AI image NEW DELHI: WSB Partners has made a ₹75 crore investment in Sowparnika Projects to aid in the developer’s expansion within Bengaluru. This marks WSB Partners’ ninth investment in the company, with the funds primarily allocated for growth capital. In the past four years, WSB Partners has invested over ₹500 crore across six transactions with Sowparnika, involving six residential projects focused on mid-income housing in Bengaluru and other southern markets. According to Ramji Subramaniam, managing director of Sowparnika Projects, this latest investment will enhance the company’s financial flexibility and bolster its growth objectives in Bengaluru. Published On Jul…

Latest StoriesRegulatory

CBI Files Two Charge Sheets in Homebuyer Fraud Cases

NEW DELHI: The CBI has submitted two chargesheets—one targeting Ithaca Estate Pvt Ltd and the other against LGCL Urban Homes (India) LLP—regarding significant fraud against homebuyers in Bengaluru, officials announced on Tuesday. The central agency has implicated directors of the two companies, as well as officials from HDFC Bank Ltd, ICICI Bank Ltd, and Indiabulls Housing Finance Ltd, in connection with alleged fraudulent activities within a housing project, as stated by a CBI spokesperson. “Both chargesheets have been filed in the designated CBI court in Bengaluru,” the spokesperson added. Investigations suggest that the accused construction firms and their directors, in…

CommercialLatest Stories

India Office Leasing Reaches 24.6M Sq Ft in Q2 2026

Representative AI image NEW DELHI: According to a report by CBRE South Asia, India’s office market reported gross leasing of approximately 24.6 million sq ft in Q2 2026, while new completions for the quarter reached around 21 million sq ft. The report indicates that total office absorption rose by 18% quarter-on-quarter and 14% year-on-year in Q2 2026, with supply increasing 91% sequentially and 18% year-on-year. In the first half of 2026, office absorption totaled roughly 45.5 million sq ft, while supply was about 32 million sq ft. In Q2 2026, flexible space operators emerged as the leading occupier segment, representing…

IndustryLatest Stories

Sobha Q1 FY27 Sales Reach ₹3,656 Crore

NEW DELHI: In Q1 FY27, Sobha achieved quarterly sales worth ₹3,656 crore, marking a 76% increase compared to the same quarter last year. The company sold 2.34 million sq ft this quarter, a year-on-year rise of 62%, across 1,432 homes and plots, representing a 78% increase. Their sales value share reached ₹2,992 crore, the highest for any quarter to date. Bengaluru’s sales accounted for ₹2,067 crore, contributing 56.5% of total sales this quarter. NCR recorded ₹1,384 crore in sales, which comprised 37.9% of overall sales. Kerala contributed ₹134 crore, or 3.7% of total sales, while other cities combined contributed ₹71…

IndustryLatest Stories

Nisus Finance invests ₹70 crore in three Bengaluru projects

NEW DELHI: Nisus Finance Services Co has allocated ₹70 crore across three residential projects in Bengaluru via its Real Estate Special Opportunities Fund I. The ₹1,700 crore fund is a SEBI-registered Category-II alternative investment fund managed by Nisus BCD Advisors LLP. The projects, developed by Sumukha Housing, a Bengaluru-based residential developer headed by Arjun Vasu and Varun Vasu, have a collective gross development value of approximately ₹300 crore. Sumukha Housing has successfully delivered over seven lakh sq ft of residential and commercial properties, focusing on low-rise residential communities throughout Bengaluru’s micro-markets. The RESO-I fund emphasizes structured credit in special-situation real…

Latest StoriesResidential

Bengaluru body aims to simplify apartment association registration

Here’s the rewritten content: BENGALURU: With increasing requests from apartment owners to manage BDA-built apartment complexes, the Bengaluru Development Authority (BDA) has urged the state government to establish a “competent authority” for registering apartment owners’ associations under the Karnataka Apartment Ownership Act, 1972 (KAOA). This initiative follows appeals from several associations willing to independently manage their apartment complexes. However, BDA officials have indicated that the lack of a clear registration process has hampered the recognition of these associations and the transfer of maintenance responsibilities. In a letter dated June 29 to the urban development department, the BDA highlighted that numerous…

IndustryLatest Stories

Relief for 270 Bengaluru sites; 55 still unresolved

BENGALURU: The Bangalore Development Authority (BDA) is poised to provide significant relief to over 250 site owners in Banashankari 6th Phase embroiled in the Turahalli forest buffer zone dispute in southern Bengaluru. The BDA has requested the forest department to facilitate a one-time settlement to resolve the deadlock concerning its legally allotted sites. Essentially, these site owners will regain full possession, granting them the freedom to either build their homes or secure their sites. These sites have been in limbo since they were classified as part of the buffer zone for the Turahalli forests, preventing construction despite holding all valid…

IndustryLatest Stories

Nambiar Builders to Invest ₹1,900 Crore in Bengaluru Phase-III

NEW DELHI: Nambiar Builders plans to invest ₹1,900 crore in Phase-III of its integrated township, District 25, located on Sarjapur Road, Bengaluru, targeting a projected revenue of ₹3,071 crore. This phase covers 11 acres and will feature 1,202 homes across eight towers. District 25, Phase-III will include 2 BHK, 3 BHK, 4 BHK, and 4.5 BHK apartments ranging in size from 1,250 sq ft to 2,980 sq ft, with prices starting at ₹1.62 crore. District 25 is part of a larger 63-acre approved township, with further expansion pending approval. The township is situated on Chandapura-Dommasandra Road. Published On Jul 1,…