Latest Realty News

Inflation makes rental income underperform
May 08, 2014
BANGALORE: I live in a centrally located area of Bangalore. A canal bifurcates the main road into the ‘rich’ and ‘poor’ areas. On the affluent side of the canal, hotels, restaurants and highrises dot the street. The real estate rates hover between Rs 12,000 and Rs 15,000 a square feet. On the other side – home to a garbage dump – the rates are about Rs 3,000 a square feet.
Bangalore untouched by property market gloom
Jan 14, 2014
BANGALORE: While home builders and buyers in Mumbai and NCR were a worried lot, folks in Bangalore had cause to cheer. Bangalore’s property market bucked the trend in other metros with many new launches, good demand and resilient prices.
With slowing economy & inflation, house prices to rise at slower pace in 2014
Dec 10, 2013
BANGALORE: After years of double-digit growth, house price rises in major Indian cities are expected to slow to just under 8 per cent next year as a cooling economy and rising interest rates deter new buyers, a Reuters poll showed.
Akrama-Sakrama may be put on hold for revisions
Oct 24, 2013
BANGALORE: Property owners worried about the Akrama-Sakrama scheme can breathe easy. Legal experts have advised the government to put the regularization of building violations scheme in cold storage for the time being as resident associations and other stakeholders are set to file public interest litigation pleas against the ordinance.
Is Akrama-Sakrama on a strong foundation?
Oct 22, 2013
BANGALORE: Three governments, seven years, five chief ministers. That pretty much sums up the saga of Akrama Sakrama and the struggle by successive regimes in Karnataka to allow one-time regularization of urban building violations.
Bangalore CBD more in demand after metro connectivity
Sep 13, 2013
BANGALORE: The city’s Central Business District (CBD) seems to be at the focal point of commercial activity yet again, post the Metro construction blues. The M G Road and surrounding areas once considered the hub of retail and office space of the city faced competition from the micro-markets that emerged along the Outer Ring Road (ORR) and the IT corridor.
Now, pay property tax at banks in Bangalore
Aug 21, 2013
BANGALORE: Tired of standing in serpentine queues at BBMP offices and BangaloreOnecentres to pay property tax? Now you can pay at computerized kiosks in several banks.
Guidance value for Bangalore is set to rise by 40%
Jul 26, 2013
BANGALORE: The official cost of land is set to go up 40% in Bangalore, with the government announcing new guidance values, which will be revised every year. The revenue flow will be used to fund the government’s populist schemes.
Karnataka govt to revise guidance value every year
Jul 25, 2013
BANGALORE: Karnataka government has decided to set up a land evaluation committee to advise government on the revision of the guidelines value ((official cost of land). Based on its recommendations, the state plans to revise guidelines value every year from now.
Real estate developers’ property expo in Bangalore on July 6, 7
Jul 06, 2013
BANGALORE: The Confederation of Real Estate Developers’ Association of India-Bangalore will hold its ‘CREDAI Property Expo 2013’ on July 6 and 7 at Lalit Ashok, Bangalore.
Improved connectivity to Bangalore North fuels growth
Jul 05, 2013
BANGALORE: If someone who has lived here a long time were to tread beyond the boundaries of ‘his city’ as it was in the early 90s, he would actually end up discovering an entirely new Bangalore. Localities which he had never heard of or known existed would be just a Metro ride away or at the end of an expressway.
‘Happy times are here again’ for prospective buyers in Bangalore
Jun 28, 2013
BANGALORE: Although the Bangalore residential market has been healthy and averaging around 30 per cent across the city, apparently not all segments are reporting good news. According to several real estate agents the higher end market is not shining as much as expected.
Construction delays make buyers pick resale homes
Jun 28, 2013
BANGALORE: New home sales may be few and far between, but resale of properties is booming. Sale of such properties is up 40% across the country in the last six to eight months as buyers become more risk-averse looking at the enormous construction delays, property brokers and financial institutions say.
Buy a home only when you are ready
Jun 28, 2013
BANGALORE: The right time to take a home loan is when you want to buy a house. After all, a loan is a means to an end. You should not time your purchase of property based on the interest rate cycle. This is even true for floating rate loans (and 95 percent plus home loans are on floating rate basis). After all, in theory at least, if the interest rates drop in the future, you will get the benefit of the rate drop at that time.
ORR connectivity makes it a corporate destination in Bangalore
Jun 28, 2013
BANGALORE: The Outer Ring Road (ORR) is a veritable example of the kind of realty development that can take place if access and infrastructure are put in place. The ORR has not only become the most favoured address for IT Special Economic Zones (SEZ) and large retail brands, it is also the destination of residential units catering to the workforce employed in these IT companies.
Tumkur Road industrial belts push realty growth in Bangalore
Jun 28, 2013
BANGALORE: Bangalore west has primarily developed over the years into a residential hub with Rajajinagar, Basaveshwaranagar, Malleswaram, Yeshwanthpur, Mathikere, Mahalakshmi Layout, Nandhini Layout and Chandra Layout being some of the prominent localities.
BBMP to accept property tax online or by DD only
Jun 27, 2013
BANGALORE: From now, pay property tax through DDs or online, and not cheques and cash. The BBMP’s decision comes following allegations that tax collectors in Herohalli, off Magadi Road, failed to deposit cheques collected from taxpayers and siphoned off the money.
Growing trend for villas in Sarjapur, Bangalore
Jun 25, 2013
BANGALORE: Even though South and East Bangalore are nearing saturation, one area that is still seeing significant real estate action is Sarjapur and the adjoining Sarjapur Road. There are over two lakh IT employees residing in these areas, mostly working in multinational companies situated at the Outer Ring Road (ORR) and IT clusters around Madiwala and Whitefield. Originally a hub for affordable 2 and 3BHK units, Sarjapur is witnessing a growing trend for villas. According to
Developers shower freebies to sell luxury units
Jun 22, 2013
BANGALORE: Gold coin worth a certain amount, silver Ganapati idol of `medium size’, diamond pendant worth a certain carat and with `international cut’, these are some of the offers being made to lure prospective home buyers in Bangalore. Other noticeable free offerings include free furnishing of homes, free parking, free club membership, waiver on registration charges and stamp duty and lucky draws, as marketing strategy to attract home buyers.
Hosur Road elevated expressway pushes residential development
Jun 21, 2013
BANGALORE: When elevated corridors were first planned for the city, the aim was to seamlessly connect the city center with far-flung localities. However, as a direct result of such upgradation of connectivity, the areas around these elevated roads are benefitting from better social infrastructure, and a further proliferation in commercial and residential options in the vicinity.
Elevated roads: Routes to development in Bangalore
Jun 21, 2013
BANGALORE: Magic boxes, flyovers, underpasses, roadover-road – the city has seen it all in the last couple of years. The drastic transformation can be attributed to a burgeoning working population. This has necessitated infrastructure projects to ease congestion on the city’s roads which were laid originally to cater to a population of just 20,000, and make travel smooth for the approximately 44 lakh vehicles that ply on them today.
Mixed land use finds more takers
Jun 21, 2013
BANGALORE: In major cities, land regulations and growth patterns have made it conducive for property owners to design their properties in such a manner so as to harness maximum returns. One such option is the mixed land use of property. This development pattern not only allows for more floor space index (FSI) it also creates a social fabric for that locality.
SEZs spur growth of residential catchments in Bangalore
Jun 18, 2013
BANGALORE: When the Special Economic Zone (SEZ) Act 2005, supported by the SEZ Rules was introduced in 2006, the idea was to make it easier to establish large, self-contained facilities with excellent infrastructure with the aim to promote exports. As per the guidelines, SEZs can be developed by public or private players or even jointly, by State governments, their agencies, or on the public-private partnership (PPP) model.
Chennai residential real estate report to remain firm, says report
Jun 12, 2013
Bangalore: Property prices in Chennai is expected to remain firm with upward bias in growth corridors, says a recent report by ASK Property Investment Advisors the real-estate private equity arm of ASK Group.
Rental values plunge on Brigade Road, Commercial Street
Nov 04, 2012
BANGALORE: The city's centre of gravity is moving from the central business district to the suburbs, mimicking a phenomenon seen in Mumbai and Delhi. The star power of Brigade Road and Commercial Street, two of the most renowned high-street locations, is waning.

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