Latest Realty News

Political stability will act as a catalyst for revival of realty sector
May 18, 2014
BANGALORE: Real estate sector expects growth to come with clear mandate to one party.“With so much riding on the general elections, we are happy that the results indicate a stable and progressive government coming in place. The last couple of years were not the best years for the Indian real estate, and the slowdown impacted all asset classes,” said Shishir Baijal, Chairman and Managing Director, Knight Frank India.
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.
Rental income rarely outperforms inflation
May 06, 2014
DELHI: 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. I clearly know which side of the street offers a better quality of living, but how does one decide which side of the street is a
CREDAI holds games for construction workers
May 02, 2014
BANGALORE: The Confederation of Real Estate Developers Association of India (CREDAI) celebrated Labour Day by holding athletic games for labourers.
IT czars pip real estate barons in list of richest candidates
Mar 28, 2014
BANGALORE: For the first time in many years, it is not politicians with interests in real estate or the mining industry who are topping the wealth charts in the list of candidates who have filed their nominations for the 2014 Lok Sabha polls from Karnataka.
Indian IT firms expect revenue boost from US
Mar 27, 2014
BANGALORE: As more and more American manufacturing companies shift production to the US and reduce their reliance on low-cost labour in China, Indian technology outsourcing companies are expecting a big boost in revenues from their manufacturing clients.
Bharathi hits Bangalore roads in her luxury cab
Mar 11, 2014
BANGALORE: Bharathi Veerath is Google-funded luxury cab service Uber's first woman driver.Veerath took Biocon CMD Kiran Mazumdar-Shaw for a spin in her brand new Ford Fiesta and received a pat for her driving skills. "Great to see Uber getting women drivers on board -- just met Bharathi, a very confident n safe driver. All the best!" Shaw tweeted after the joyride in the Biocon campus.
DKS Bought Allotted Land, Says Hiremath
Feb 22, 2014
BANGALORE: Declaring that he would meet the Governor soon to demand action against Energy Minister D K Shivakumar, social activist S R Hiremath on Friday accused the minister of buying 10 acres of land allotted for a layout in Kodigehalli.
Real estate businessmen from Bangalore found murdered in Kollegal forests
Feb 15, 2014
BANAGALORE: Two real estate businessmen, who had gone missing from the city last week, have been found brutally murdered in Kollegal forest region in Chamrajanagar district.
Krishna Homes launches three luxury projects in Bangalore
Feb 06, 2014
BANGALORE: Krishna Homes, real estate business of KEPL Corporation is geared up to welcome new year with three super luxury, niche projects in North Bangalore in the first quarter of 2014 signalling the aggressive growth plans of Real Estate sector in the upcoming year.
Supertech launches ‘Micasa’ in Bangalore
Feb 01, 2014
BANGALORE: Supertech Limited, North India’s leading real estate developer is now entering to the Southern part of India with its first project, Micasa in Bengaluru. Supertech today announced its first residential project in the city which will have ‘Spanish Styled apartments’ at Thanisandra Road in North Bengaluru.
Realty picking up pace in Tier II cities
Jan 18, 2014
BANGALORE: Today the real estate sector is focusing on providing all amenities and comforts in both Tier I and Tier II cities. It has acquired many aspects of development across its sub-sectors. The commercial realty sector has turned into smart and eco-friendly structures. The retail sector is rapidly growing with dense show stores at high-end market locations. They differentiate their stores by investing in innovative formats ranging from food, discounts to convenience stores. The residential
Cognizant buys Hyderabad office space for Rs 112 crore
Jan 13, 2014
BANGALORE: Nasdaq-listed IT software firm Cognizant has bought a 11.04-acre land parcel that includes a 250,000 sqft operational office space facility in Hyderabad, from Bangalore-based technology park developer DivyaSree.
Office space absorption in Apac: Bangalore to be ‘2nd-most sought after’
Jan 04, 2014
BANGALORE: Bangalore is expected to see the second-highest office space absorption in Asia Pacific (Apac) region for 2014 after Tokyo, according to real estate services firm Cushman & Wakefield. According to the report, the southern metropolis is set to absorb 5.6 million square feet (msf) office space, a growth of 16% over the previous year, with most of the demand coming from the expansion of the IT, ITeS industry.
Bangalore IT investment region plan hit by rising land price
Dec 20, 2013
BANGALORE: Karnataka's plan to build a new information technology hub close to the new international airport on the outskirts of Bangalore is yet to take off, with slow pace of land acquisition exacerbated by rising land costs.
Global IT firms hunt for properties in Indian cities to expand business
Dec 07, 2013
BANGALORE: Multinational information technology companies are on a property hunting spree across major Indian cities as they expand offices and hire more people to run them. The brisk investment flow has come as a blessing for the real estate sector, which has been struggling with falling sales and rising inventories for the last two year
Wipro and Bangalore civic body row may land in court
Nov 29, 2013
BANGALORE: The dispute between Wipro and Bangalore city authorities has erupted again with both planning to approach the courts over property tax that the city's civic body claims the technology services company owes it.
IT upswing to pay dividends for Bangalore realtors
Oct 11, 2013
BANGALORE: Bangalore-based real estate developers Sobha DevelopersBSE 0.39 % and Prestige Estate have gained investor interest after reporting strong sales for the September quarter, beating the gloom in the realty sector.
Karnataka govt’s registration policy causes it big revenue loss
Jul 16, 2013
BANGALORE: The actual market value of one square foot of land on 11th Main in Jayanagar IV Block is Rs 40,000. But the guidance value fixed by the government is just Rs 11,000. All property transactions on this lane are registered on the guidance value – legally the right thing to do though it ends in substantially less money flowing into the government’s coffers.
Office space absorption drops 15% in the first half of 2013
Jul 16, 2013
BANGALORE: Office markets in India registered a downward trend in absorption in the first half of the year. The total net absorption across top eight cities in H1 2013 was noted at 10.9 mn sft, a decline of 15% compared to the same period last year, says Cushman & Wakefield in its latest report.
Office space in demand in North Bangalore
Jul 12, 2013
BANGALORE: The north of the city continues to witness a surge in demand for office and residential spaces. Though sizeable chunks of land have already been designated for an aerospace, IT and BT Special Economic Zone (SEZ) the demand from private players for realty development is huge.
No property tax board yet in Karnataka
Jul 08, 2013
BANGALORE: Ever wondered why we, as citizens, have no say in fixing property-tax slabs? Here’s why. For two years, the Karnataka government has been sitting on the formation of property tax board, which was proposed to ensure transparency in fixing tax slabs for residential, commercial and other establishments.

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