Tag: Bhaskar T Nagendrappa

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Credai Karnataka Urges Faster Approvals to Reduce Red Tape

BENGALURU: While the government is advocating for vertical growth to address the soaring demand for urban housing, developers are reporting that prolonged approval delays and bureaucratic hurdles are hindering project execution and delaying home deliveries. Recently, Karnataka has eased occupancy certificate (OC) regulations. Initially, residential buildings on plots up to 1,200 square feet were exempted from the OC requirement for electricity connections, which was later expanded to plots of up to 2,400 square feet, given they have approved building plans and adhere to basic compliance requirements. Additionally, the state is pushing for expedited, systematized online approvals to reduce delays in…

Latest StoriesResidential

Karnataka Sees Rise in Women’s Home and Land Ownership

Representative AI image BENGALURU: The percentage of women owning houses and land in Karnataka has nearly doubled over the past five years, indicating a shift in family decision-making and attitudes towards wealth and security. This trend follows a rise in women’s investments in property, either independently or collectively. According to the National Family Health Survey-6 (NFHS) conducted in 2023-24, approximately 29.5% of households in Karnataka have at least one female member who owns a house and/or land, either independently or jointly. This marks a significant increase from 16.2% in the previous NFHS-5 (2019–21). Notably, female/joint ownership in rural areas stands…