Tag: Bengaluru

CommercialLatest Stories

GCC Leasing Reaches Record 9.1M Sq Ft in Q1 2026

NEW DELHI: India’s office market achieved its best first quarter ever, with gross leasing reaching approximately 20.7 million sq ft in Q1 2026, a 5% increase year-on-year. This growth was primarily fueled by unprecedented demand from Global Capability Centres (GCCs), as reported by CBRE. During this quarter, GCCs occupied 9.1 million sq ft, representing 44% of the total office leasing. Bengaluru and Hyderabad emerged as leading GCC hubs, contributing 48% and 19% of the demand, respectively, while Delhi-NCR accounted for 14%. Bengaluru continued to lead in office leasing with a 29% share, followed by Delhi-NCR at 22% and Mumbai at…

IndustryLatest Stories

Sobha’s Q4 FY26 Pre-Sales Up 11% to ₹2,039 Crore

NEW DELHI: Sobha Ltd, a prominent real estate developer, reported an 11% growth in sales bookings, totaling ₹2,039.3 crore for the fourth quarter of the last fiscal year, driven by increased demand for its residential projects. The previous year’s pre-sales were ₹1,835.7 crore. According to a regulatory filing on Friday, Sobha achieved its highest annual sales bookings of ₹8,135.9 crore during the fiscal year 2025-26, up from ₹6,276.5 crore the year before. “Sobha concluded FY26 on a strong note, maintaining the momentum from the previous three quarters. Despite global uncertainties such as trade policy changes and geopolitical tensions in West…

IndustryLatest Stories

Bengaluru’s 15% Building Deviation Plan Sparks Expert Debate

Representative Image BENGALURU: A proposed amendment to the city’s building bylaws is raising red flags amid fears it could legitimize existing construction violations. While the Greater Bengaluru Authority (GBA) claims the intent isn’t revenue generation, urban activists argue that the revised compounding fees will boost collections for civic corporations. The amendment suggests increasing the permissible deviation limit from 5% to 15% for several factors, including setbacks, floor area ratio (FAR), plot coverage, and building height. A new structured compounding fee system would enable property owners to regularize such deviations by paying penalties and acquiring occupancy certificates (OCs) that were previously…

InfrastructureLatest Stories

Bengaluru body launches new master plan for 500 sq km area

Sure! Here’s a rewritten version of your content: BENGALURU: The Bangalore Development Authority (BDA) has begun drafting a Revised Master Plan 2041 for regions outside the Greater Bengaluru Area (GBA). This decision marks a renewed emphasis on the city’s peripheral areas, with a tender notification issued on April 1. The move follows the transfer of planning authority for regions within GBA to the municipal corporation, diminishing the BDA’s role in central city planning. Now, the agency is refocusing on approximately 500 sq km of land outside GBA limits. This area encompasses considerable revenue land that could significantly impact Bengaluru’s future…

IndustryLatest Stories

Bengaluru may allow 15% deviation from building plans

BENGALURU: In a significant move for property owners struggling to secure occupancy certificates due to minor deviations, the Greater Bengaluru Authority (GBA) is set to increase the permissible deviation from sanctioned building plans from 5% to 15%. The GBA’s draft notification proposes an amendment to the 2003 building bye-laws, suggesting a notable shift in urban regulatory policy. Enforcement actions, including potential demolition, will continue for deviations exceeding 15%. Stakeholders can submit objections and suggestions until April 30, after which the amendments will be finalized. Under current regulations, any construction surpassing the approved plan by more than 5% is deemed unauthorized,…

Latest StoriesResidential

Bengaluru Plans 4,200+ Flats, Focuses on Vertical Housing

Representative Image BENGALURU: The Bangalore Development Authority (BDA) is shifting its focus from large plotted layouts to apartment complexes, initiating six new housing projects that will offer 4,251 flats as part of its strategy to enhance residential infrastructure. These projects, amounting to ₹3,200 crore, are located in Konadasapura, Electronics City, Valagerahalli, Kalathammanahalli, and Kenchanapura, featuring unit types ranging from 1BHK to 4BHK. Current work includes essential infrastructure such as roads, drainage, and power supply. One of the most significant developments is the Konadasapura Phase 1 housing scheme in Bidarahalli hobli, which is set to include 1,928 flats – comprising 480…

CommercialLatest Stories

BHIVE Workspace Leases 1.4 Lakh Sq Ft at Phoenix Asia Towers

NEW DELHI: BHIVE Workspace has secured a lease for 1.4 lakh sq ft of office space at Phoenix Asia Towers, located in Hebbal, North Bengaluru. The company has plans to introduce another one million sq. ft. of office space by 2026, accompanied by an overall investment of around ₹250–300 crore. “We are vigorously expanding our campus footprint, with nearly 1 million sq. ft. of new capacity to be added in 2026,” stated Shesh Rao Paplikar, the founder and CEO of the company. The new center will accommodate over 2,600 professionals and will feature a variety of options including co-working spaces,…

IndustryLatest Stories

Tata Realty to Acquire Bengaluru Land from Hinduja for ₹2,300 Cr

Representative Image BENGALURU | MUMBAI: Tata Realty and Infrastructure Ltd (TRIL) has finalized a binding agreement to purchase over 38 acres in Bengaluru from Hinduja Group companies Gulf Oil Corp and Hinduja Realty Ventures for approximately Rs 2,300 crore. This transaction represents the largest land acquisition, both in scale and value, ever completed in Bengaluru, and ranks among the largest in India. The deal highlights sustained investor confidence in Bengaluru’s office market, which recorded over 20 million sq ft of office space leased in 2025, securing its position as one of the leading markets for office space absorption in the…

CommercialLatest Stories

Enzyme Office Spaces Expands with 350K Sq Ft in Bengaluru

Enzyme Office Spaces signs 3.5 lakh sq ft in Bengaluru, expands footprint BENGALURU: Enzyme Office Spaces has signed lease agreements totaling 3.5 lakh sq ft in Bengaluru, further establishing its presence in key micro-markets. Since the start of this year, the company has leased approximately 1.8 lakh sq ft in Whitefield, 1.5 lakh sq ft in HSR Layout, and 16,000 sq ft in Hebbal, which is expected to generate around ₹50 crore in annual revenue. The new facilities are being developed as managed office spaces with a combined capacity of approximately 5,000 seats, raising Enzyme’s total seating capacity in India…

CommercialLatest Stories

Office Leasing Jumps 15% to 18.3M Sq Ft in Q1 2026: Colliers

NEW DELHI: Office leasing in India’s top seven cities surged 15% year-on-year to 18.3 million sq ft in Q1 2026, fueled by demand from technology companies, BFSI sectors, and global capability centers (GCCs), as reported by Colliers India. Bengaluru and Hyderabad combined accounted for nearly half of the total leasing this quarter, totaling about 8.7 million sq ft. Other key markets, including Mumbai, Delhi-NCR, Pune, and Chennai, saw a steady absorption of 2-3 million sq ft each of Grade A spaces. Arpit Mehrotra, Managing Director of Office Services in India for Colliers, remarked, “India’s office demand exhibits strong resilience, with…