Tag: Bengaluru

CommercialLatest Stories

Flex Offices: From Startup Solution to Key Enterprise Strategy

BENGALURU: Flexible workspaces are increasingly recognized not just as temporary solutions for startups but as essential elements of enterprise real estate strategies, driven by GCC expansion, hybrid work models, and the demand for operational agility, industry leaders stated on Tuesday. This insight emerged during a panel discussion at the RealtyDailyNews Realty & Beyond Summit in Bengaluru, where experts analyzed the transformative impact of flexible offices and managed spaces on the future of commercial real estate. The panel included prominent figures such as Mattew Parambil, Vice President & Head – Revenue at COWRKS; Utkarsh Kawatra, CEO & Co-Founder at MyHQ; Sitanshu…

Latest StoriesResidential

Bengaluru Housing Premiumisation Endures Amid AI Disruptions

BENGALURU: While artificial intelligence is reshaping the tech landscape, the residential real estate market in Bengaluru continues to thrive, fueled by the expanding GCC ecosystem, a skilled workforce, and evolving expectations of homebuyers, as stated by industry leaders. At the RealtyDailyNews Realty & Beyond Summit Bengaluru held on Tuesday, real estate professionals highlighted Bengaluru’s shift from an IT-centric market to a diverse technology and innovation economy, leading to new residential demand patterns. They asserted that although AI might impact job roles, it is unlikely to hinder the city’s long-term housing needs. The panel featured notable figures including Mallanna Sasalu (CEO-South,…

Latest StoriesResidential

Experts: Senior Living Demand Shifts to Active-Aging Communities

BENGALURU: The perception of senior living in India is evolving from that of mere old-age homes to a recognized housing segment that promotes independence, community, healthcare, and lifestyle services, according to industry leaders on Tuesday. The insights emerged during a panel discussion at the RealtyDailyNews Realty & Beyond Summit in Bengaluru, focusing on creating active-ageing communities. The panel featured Shreya Anand, Director of Vedaanta Senior Living; Adarsh Narahari, Founder & MD of Primus Senior Living; Viswa Prathap Desu, COO – Residential at Brigade Group; and Sumathy Anantharam, Co-founder of Manasum Senior Living, moderated by Mahaveer Shankarlal, Director and Head of…

Latest StoriesResidential

North Bengaluru’s Growth Fueled by Infrastructure and Lifestyle

BENGALURU: North Bengaluru is transitioning from a potential market to a thriving residential hub, fueled by airport accessibility, infrastructure growth, social facilities, and an increase in office demand, industry experts noted on Tuesday. These insights emerged during the RealtyDailyNews Realty & Beyond Summit in Bengaluru, where a panel discussion focused on the city’s evolving residential sectors and Karnataka’s growth trajectory. The discussion featured industry leaders including Nesara B.S., Chairman of Concorde; Subhakar Rao Surapaneni, Chairman of Champion Infratech; P Ravindra Pai, Managing Director of Century Real Estate; Manjesh Rao, Founder & Chief Realty Officer of BrokerInBlue; and Navin Dhanuka, Director…

Latest StoriesRegulatory

Karnataka HC: Premium FAR Scheme Isn’t Akrama-Sakrama Rebranded

BENGALURU: The High Court has upheld the state’s Premium Floor Area Ratio (FAR) scheme, asserting that it should not be equated with the controversial Akrama-Sakrama scheme, which is aimed at regularizing unauthorized constructions. In its judgment, delivered on June 15, the division bench, comprising Chief Justice Vibhu Bakhru and Justice CM Poonacha, dismissed a public interest litigation and a related writ appeal, emphasizing that the Premium FAR scheme fundamentally differs from Akrama-Sakrama. The Premium FAR scheme modifies development regulations uniformly rather than legalizing illegal structures. The court noted that the Akrama-Sakrama scheme allows for regularizing unauthorized constructions through payment, while…

InfrastructureLatest Stories

No New Bengaluru Metro Projects for 4.5 Years Due to Delays

BENGALURU: The expansion of the city’s Metro has come to a standstill, with no new corridors entering construction for over four and a half years. The last project to commence was the extended Airport Line (KR Pura to KIA), with contracts awarded by BMRCL in November 2021 and construction starting in early 2022. Since then, no new initiatives have progressed. The delay has shifted concerns from the typical issue of late commissioning to a worrying absence of new projects, despite the increasing demand for travel. Two significant projects under Phase III and IIIA are still awaiting approval. The Phase III…

CommercialLatest Stories

Knowledge Realty Trust plans to raise ₹2,000 crore through NCDs

NEW DELHI: Knowledge Realty Trust intends to raise up to ₹2,000 crore via non-convertible debentures and commercial papers, as revealed in a regulatory filing. The borrowing committee of Knowledge Realty Office Management Services, which manages Knowledge Realty Trust, approved this proposal in a meeting held on June 17, 2026. The trust will issue up to ₹1,000 crore in listed, rated, secured, redeemable, non-convertible debentures through a private placement. The NCDs will have a face value of ₹1 lakh each and may be issued in one or multiple transactions, series, or tranches to eligible investors. The committee also sanctioned raising an…

CommercialLatest Stories

Target Corp leases 830,000 sq ft office in Bengaluru for 10 years

US retail giant Target Corporation has secured over 8.3 lakh sq ft of office space at Embassy Manyata Business Park in Bengaluru through a long-term leasing agreement, which involves an estimated rental commitment of roughly Rs 1,250 crore. This move highlights the ongoing growth of global capability centers (GCCs) in India’s tech hub. Target Corporation India, the company’s local subsidiary, has leased space spanning the ground and 10 upper floors of a newly constructed commercial building at Embassy Manyata Business Park in Nagavara from Embassy Office Parks REIT. The lease began on September 1, 2025. The lease is a new…

IndustryLatest Stories

Puravankara Acquires 9.73 Acres in Bengaluru; Arvind Joins for 58.25 Acres in Ahmedabad

Representative image NEW DELHI: Puravankara has acquired a 9.73-acre land parcel at Sanna Ammanikere in North Bengaluru. This outright acquisition has development potential of approximately 0.89 million sq ft, with an estimated gross development value (GDV) of ₹800 crore. In a separate announcement, Arvind SmartSpaces (ASL) shared plans for a residential plotted project located on Kerala-Nalsarovar Road in South Ahmedabad. The project encompasses 58.25 acres, featuring a saleable area of 2.5 million sq ft. This joint development initiative is expected to generate a top-line of ₹180 crore. Published On Jun 17, 2026 at 09:46 AM IST Join a community of…

Latest StoriesRera

Karnataka RERA Orders Builder to Transfer Assets for Homebuyers

BENGALURU: The Karnataka Real Estate Regulatory Authority (K-RERA) has mandated a builder to transfer the khata of the land, BESCOM meters, water meters, corpus fund, the balance of the escrow account, and maintenance accounts to the authorized association of allottees within 90 days of its order. The order came following a petition from Yoganandan Jagannathan, a flat owner, against Smart Value Homes (Peenya Project) Private Limited and Tata Value Homes Ltd. K-RERA instructed the respondents to restore power supply to the complainant’s apartment and ensure completion of the promised amenities as per the agreements. Jagannathan claimed the promoter had assured…