Latest Realty News

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.
PRR will fuel more development in Bangalore
Jan 13, 2014
BANGALORE: The revival of the Peripheral Ring Road (PRR) project is an indication of more commercial belts and development around the city over the coming few years. The PRR was originally planned by the Bangalore Development Authority (BDA) to ease pressure on the Outer Ring Road (ORR). The heavy vehicular traffic such as trucks, passing through the city on their way to other States in the south, can use this road rather than the outer fringes of the core city localities. Also, those moving aro
Vested interests alter BDA land boundaries
Jan 13, 2014
BANGALORE: It has now come to light that the boundaries of the land in survey number 20 of Nagadevanahalli (Kengeri hobli), where Bangalore Development Authority (BDA) had formed Visvesvaraya Layout, were changed and survey sketches altered to benefit vested interests.
Demand for office space set to perk up
Jan 08, 2014
BANGALORE: In 2014, the real estate market is likely to see an increase in activity. Sanjay Dutt, Executive Managing Director (South Asia), Cushman and Wakefield, says, “With the economy expecting more stability in the post-election phase from 2014, the absorption trend is also expected to pick pace, especially in established markets of Bangalore, Mumbai, and the NCR.”
IT park builders log on to on-campus homes
Jan 07, 2014
BANGALORE: Eight senior India executives of Dubai-based Landmark Group have bought homes, priced between Rs 1.3 crore and Rs 10 crore, in 77 Town Centre, a tech park that's coming up near the old HAL Airport here. The decision to buy was taken after Landmark decided to take up close to 4,00,000 sq ft of office space in DivyaSree's project.
Revenue site registrations shoot up in Bangalore
Jan 07, 2014
BANGALORE: There’s fresh hope for 2014 on the realty front. Buoyed by an uptick in the registration of sites and buildings in revenue pockets during the fag end of 2013, realty observers expect the momentum to continue till April.
New home launches in Bangalore break records
Jan 06, 2014
BANGALORE: The country’s IT capital saw the highest number of new residential property launches between January and September of 2013 among Indian cities. The final number for the year could be the highest ever for the city.
Commercial, retail segments pick up pace in Bangalore
Jan 04, 2014
BANGALORE: For the real estate sector across India, year 2013 did not bring much activity and the same was for Bangalore too. However, the Bangalore real estate market showcased a stable picture, in terms of pricing and actual transactions. The developers have now pinned their hopes to 2014 and expect that with the country-wide realty sector set to gain momentum after general elections, Bangalore will be benefitted as well. The city is driven by the information technology sector and with major I
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.
Novartis India strikes 8.7 lakh square feet office space deal in Hyderabad
Jan 03, 2014
BANGALORE: Pharmaceutical firm Novartis has picked up 8.7 lakh square feet of office space in Hyderabad in a bid to consolidate its operations in the city.
AIG to sell Indian AMC business to Canadian fund
Jan 03, 2014
BANGALORE: AIG Global Real Estate has agreed to sell its Indian asset-management business to Brookfield Asset Management as the New York-based privateequity fund of American International Group is closing its operations in the country, a person with direct knowledge of the deal said.
‘Don’t treat aerospace park in Bangalore as a real estate project’
Dec 31, 2013
BANGALORE: The aerospace industry in Bangalore has the potential to achieve $20 billion in revenues over the next 10 to 15 years if the state government is able to nurture an ecosystem that attracts global companies, said the India head of UTC Aerospace Systems (UTAS).
High-end homes gain prominence in East Bangalore
Dec 28, 2013
BANGALORE: In the mid-1990s when the road to far-off Whitefield was upgraded, it was rumoured that a delegation visiting the site that ITPL was to come up on had agreed to put up the tech park in the location only if the road infrastructure was upgraded to reduce travel time from the Vidhana Soudha to ITPL, to 10 minutes. From then on, there has been a focus to upgrade civic infrastructure in the east – the widening of several key roads, the completion of the Outer Ring Road (ORR) and ongoing wo
Tata Housing buys 20 acres land in Bangalore for luxury housing
Dec 27, 2013
DELHI: Tata Group realty firm Tata Housing has bought 20 acres of land in Bangalore from Alstom T&D India for Rs 120 crore to develop a luxury housing project at the site.
Mall Space Not a Constraint for Business
Dec 27, 2013
HYDERABAD: Close to 9,00,000 square meters of retail space in the form of malls and other shopping centre formats will hit cities like Hyderabad, Bangalore and Delhi next year compared to 5,90,000 square meters in 2013.
Office space absorption in Bangalore lower in 2013
Dec 22, 2013
BANGALORE: Bangalore witnessed a large drop in office space absorption of 39 per cent in 2013 as compared with last year. The city office space absorption this year is around 45.76 lakh square feet as against 75.17 lakh square feet last year.
Mid-range and budget homes market expands in Bangalore North
Dec 21, 2013
BANGALORE: In the early 2000s, Bangalore north beyond Anandnagar was still largely unexplored. Vast tracts of barren land laden with trees lined the highway leading towards Andhra Pradesh, and the only known landmark in the area was the Devanahalli fort. The relocation of the airport brought the north into focus and over the last five years, residential property development has taken off, with a host of housing options coming up in this region.
Panel to monitor action on TG Halli encroachments in Bangalore
Dec 21, 2013
BANGALORE: The Karnataka high court on December 18 constituted a seven-member special committee headed by V Umesh, additional chief secretary, to monitor action on encroachments in Zone-III of Tippagondanahalli reservoir (TGR) catchment area.
BDA: 146 unauthorized layouts have sprung up at TG Halli
Dec 21, 2013
BANGALORE: The BDA on December 17 informed the Karnataka high court that 146 unauthorized layouts have come up in 23 villages in Tippagondanahalli reservoir zone – III area, 1km on either side of the Arkavathy river.
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.
India Property raises Rs 74.67 crore in second round of funding
Dec 20, 2013
BANGALORE: Online real estate classified portal India Property Online Pvt Ltd raised $12 million (Rs 74.67 crore) in a second round of funding led by Bertelsmann India Investment along with existing investors Canaan Partners and Mayfield Fund.
Blackstone JV hires ex-JLL head Mike Holland
Dec 16, 2013
BANGALORE: Former Jones Lang LaSalle (JLL) head and entrepreneur Mike Holland is set to become CEO of an equal JV between private equity giant Blackstone and leading office space developer Embassy Group, setting in motion one of India's first real estate investment trusts (REITs) to be listed under regulations that are being framed currently.
‘Some steps to revive the market’
Dec 16, 2013
BANGALORE: The State Government last month approved registration of ‘B’ khata certificate (title deeds) buildings constructed on revenue land in the Bruhat Bangalore Mahanagara Palike (BBMP) limits.
GVK plans Bangalore airport city
Dec 15, 2013
BANGALORE: GVK Group, promoter of Bangalore International Airport Ltd (BIAL), is planning to develop real estate around the airport.
Impact of Election 2014: Realty sector struggles with labor shortages
Dec 14, 2013
BANGALORE/MUMBAI: The general election of 2014 is expected to exacerbate the labour shortage in the housing sector, putting more stress on builders and delaying further the delivery of nearly 1 million homes across the country, as lakhs of workers head back to villages and towns to exercise their franchise.

Latest Realty News Of State

Realty Talk's