Tag: Bengaluru

Latest StoriesResidential

Bengaluru body urges Gunjur society to form RWA in a week

BENGALURU: Residents of a Bangalore Development Authority (BDA) apartment complex in Gunjur, Mahadevapura Assembly Constituency, were shocked to receive a notice requiring them to establish a Residents’ Welfare Association (RWA) within a week. The notice, dated December 23, 2025, warned that the BDA would cease maintenance of the complex starting January 1, 2026. Residents must inform the Assistant Executive Engineer (Housing) by December 28, 2025, about their plan to form the RWA. Residents express concern over unfinished construction, including an incomplete compound wall, broken lifts, and unresolved maintenance issues. “Some lifts have been out of service, and the contracted maintenance…

IndustryLatest Stories

Sobha’s Q3 FY26 Sales Bookings Surge 52% to ₹2,115 Crore

NEW DELHI: Sobha Ltd, a prominent real estate firm, has announced a remarkable 52% surge in sales bookings, totaling ₹2,115.2 crore for the third quarter of this fiscal year. This growth is attributed to increased volumes and favorable price realization, buoyed by strong housing demand. In comparison, the Bengaluru-based company recorded sales of ₹1,388.6 crore during the same period last year. “We have achieved a historic quarterly performance, with record real estate sales of ₹2,115 crore,” Sobha Ltd noted in its regulatory announcement on Saturday. In terms of physical sales, Sobha Ltd sold 1,370,340 sq ft from October to December,…

Latest StoriesRera

Karnataka RERA to Mandate Exact Parking Slot Details in Sale Agreements

BENGALURU: In response to homeowner complaints about vague and changing parking allocations, the Karnataka Real Estate Regulatory Authority (K-Rera) is moving to make it compulsory for builders to clearly outline the number, dimensions, type, and exact locations of parking spaces in both allotment letters and sale agreements. “We are currently finalizing these measures,” K-Rera chairman Rakesh Singh informed TOI. The authority is in discussions with Credai, the leading organization for private real-estate developers, and has consulted with representatives from major real-estate firms in the region. “Clearly identifying parking spaces in residential complexes ensures that buyers are well-informed about what they…

Latest StoriesResidential

Karnataka Eases Occupancy Rules for 30×40 Rural Homes

BENGALURU: In a significant development for farmhouse and newly-constructed property owners in rural Karnataka, the government announced on Wednesday that certain types of houses under gram panchayat (GP) limits will be exempt from obtaining an occupancy certificate (OC). Officials from the rural development and panchayat raj (RDPR) department clarified that this exemption pertains to newly-built residential structures on 30×40 sqft plots in rural areas falling under gram panchayat jurisdiction. This change will be implemented immediately. The RDPR notification indicated, “Residential buildings that consist of a ground floor plus two additional floors (G+2) or stilt plus three floors (Stilt+3), constructed on…

Latest StoriesResidential

Karnataka Housing Board Cautions Public on Fake Site Sales

Representative AI image BENGALURU: The Karnataka Housing Board (KHB) has issued a public notice warning against the purchase of sites in the Suryanagar Phase-4 housing project using ‘plot selection letters.’ These transactions are deemed illegal and may result in potential fraud and financial losses. The KHB Housing Commissioner clarified that the total area acquired consists of 1,498 acres and 39 guntas (1 acre = 40 guntas) across Indlawadi, Kadujakkanahalli, and Bagganadoddi villages in Anekal taluk, Bengaluru Urban district. This land was obtained under section 6(1) of the Land Acquisition Act for the development of Suryanagar Phase-4 residential layout. The project…

Latest StoriesResidential

Bengaluru Buyers Shocked by Multiple Sale Deals on One Apartment

BENGALURU: A troubling case has emerged where a builder entered into sale agreements for the same flat with three different buyers. Homebuyers must exercise caution when entering into agreements with unscrupulous builders. Alarmingly, even nationalized banks are sanctioning housing loans without conducting necessary due diligence. Employees at the Sub-Registrar Offices seem eager to process sale deeds, although the reasons for this remain unclear. It’s common for them to register multiple agreements on the same property, particularly if the agreements list varying carpet area sizes. Authorities at these offices do not question the legitimacy of agreements, simply proceeding with registrations if…

CommercialLatest Stories

Bagmane Prime Files for ₹4,000 Crore IPO

Representative AI image NEW DELHI: Bagmane Prime Office REIT, based in Bengaluru, has submitted its draft offer document to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of up to ₹4,000 crore. This includes a fresh issue of units amounting to ₹3,000 crore and an offer for sale (OFS) of ₹1,000 crore by selling unitholders. The REIT, sponsored by Bagmane Realty and Infrastructure LLP, manages a premium portfolio of Grade A+ office business parks focused in key office areas of Bengaluru. It encompasses 20.3 million sq ft of total area with 19.6 million sq…

Latest StoriesResidential

Allottees seek amenities, cite design flaws in Kempegowda Layout

File Photo BENGALURU: While the Bangalore Development Authority (BDA) has expedited work on the Nadaprabhu Kempegowda Layout (NPKL) between Mysuru Road and Magadi Road, residents in III and IV Blocks have raised urgent concerns regarding “critical bottlenecks” that might hinder habitation if not resolved promptly. Allottees appreciate the enhanced pace of land acquisition and development under the current administration; however, they assert that the layout is still not suitable for living. Although several houses are built and more are under construction, foundational issues like inadequate infrastructure and unclear design are becoming significant obstacles. One major issue is the absence of…

Latest StoriesRera

Karnataka RERA Orders Builder to Refund with Interest

BENGALURU: Despite the actions taken by law enforcement and the Karnataka Real Estate Regulatory Authority (K-RERA), the issue of double sales continues to affect unsuspecting homebuyers. Many of these buyers are desperately seeking justice, with some hoping for relief from K-RERA, which has started issuing judgments that address prolonged complaints. In a ruling on December 22, 2025, the K-RERA addressed a complaint from Sudhir, a victim, ordering the respondents — Sri Vanishelters, LS Srinidhi, B Kenchappa Gowda, and G Vidyavathi — to reimburse Rs 32,94,816 with interest. The interest rate is based on the SBI’s marginal cost of funds-based lending…

Latest StoriesRegulatory

Karnataka HC: Registrar can void sale deed for illegal allotments

BENGALURU: In a landmark decision that could influence numerous cooperative housing cases, the Karnataka High Court has ruled that the additional registrar of cooperative societies has the authority to revoke even a registered sale deed if it stems from an illegal allotment by a cooperative society. Justice Suraj Govindaraj issued this ruling while rejecting a petition from Suresha, a Bengaluru resident who challenged the registrar’s power to intervene post-registration of a sale deed. The court clarified that after invalidating an illegal allotment, the registrar has the right to instruct the local sub-registrar to take necessary actions, but emphasized the importance…