Latest Realty News

Reasons for commercial property investment in Bangalore
Dec 14, 2013
BANGALORE: The city of Bangalore has a large talent pool and is tipped as the knowledge hub of the country with a steady influx of Multinational Corporations (MNCs), Small and Medium Enterprises (SMEs) and start-ups which are the driving force for office space absorption. The political stability in the state is one of the reasons for companies to choose Bangalore as their base.
Motilal Oswal plans second realty fund
Dec 11, 2013
BANGALORE: Motilal Oswal Real Estate is planning to raise Rs 300 crore from Indian investors, via a real estate fund with a greenshoe option of Rs 200 crore.
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.
BWSSB shuts valve on 90 real estate projects
Dec 09, 2013
BANGALORE:Commencement of at least 90 real estate projects in the newly added areas of the Bruhat Bangalore Mahangara Palike (BBMP) have been affected following the delay in the Bangalore Water Supply and Sewerage Board (BWSSB) issuing no objection certificate (NOC) .
Crores of undisclosed income unearthed from co-operative housing societies: I-T department
Dec 07, 2013
BANGALORE: The Income Tax (I-T) department today said its Directorate of Investigation has unearthed over Rs 300 crore of undisclosed income from co-operative housing societies during September and October.
Why should one consider Bangalore for investment?
Dec 07, 2013
BANGALORE: Bangalore’s realty market has a steady a mix of projects targeted at different price points. There is plenty of choice for the end user/ buyer market and second home/ investor market. The consumption rates for the residential segment are better in comparison with the other metros. The city has a large talent pool and the number of people moving in to the city has been steadily increasing. Students, interns/ trainees, working class and expats have been the major driving force for the r
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
Mid-range, budget homes find demand in Bangalore South
Dec 06, 2013
BANGALORE: While Jayanagar, J P Nagar, Koramangala, Basavanagudi, Bannerghatta Road, HSR and BTM Layouts have witnessed the emergence of high-end housing options, much of the southern belt is occupied by midrange housing options in the newer localities close to the economic hubs, with some budget options emerging towards the peripheries. Mid-range options are popular as they are located in proximity to IT hubs, with well-developed social infrastructure and access to good health care and educatio
Bangalore luxury realty is worth a billion dollar
Dec 01, 2013
BANGALORE: Bangalore’s luxury housing market has crossed USD1 billion Dollars in terms of supply. The pricing of the projects is in the range of Rs 8,000-33,000 per sq ft.
High-end residential options find demand in Bangalore South
Dec 01, 2013
BANGALORE: The south has been home to some of the oldest residential neighbourhoods such as Basavanagudi, Jayanagar, V V Puram and Chamarajpet. Over the last two decades, it has witnessed the rise of some more cosmopolitan localities in Koramanagala, BTM Layout, HSR Layout, Sarjapur Road and Electronics City, dotted with towering apartments, swanky commercial and office establishments, and an array of malls. The residential landscape has gradually morphed with apartments, gated communities and r
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.
Milestone Capital plans to raise Rs 500 crore real estate fund in January
Nov 29, 2013
MUMBAI/BANGALORE: Private equity firm Milestone Capital Advisors is planning to raise a Rs 500-crore real estate fund, which will be launched in January and will have a greenshoe option of additional Rs 250 crore.
Builders jittery as BWSSB withholds nod for projects
Nov 27, 2013
BANGALORE: In a big blow to the construction industry, the Bangalore Water Supply and Sewerage Board (BWSSB) has quietly stopped issuing the mandatory ‘No Objection Certificate’ (NOC) for major residential realty projects in BBMP limits, citing builders’ failure to ensure a viable water source to sustain inhabitants.
Non-IT takes a big bite of Bangalore's property sales
Nov 24, 2013
BANGALORE: The IT and ITeS sectors' bull grip on Bangalore's residential real estate market has dramatically loosened over the past five years. The sales contribution from non-IT sectors has surged past the halfway mark for most city-based developers.
Non-IT takes a big bite of Bangalore's property sales
Nov 22, 2013
BANGALORE: The IT and ITeS sectors' bull grip on Bangalore's residentialrea estate market has dramatically loosened over the past five years. The sales contribution from non-IT sectors has surged past the halfway mark for most city-based developers.
IT, infrastructure drive realty in Bangalore
Nov 22, 2013
BANGALORE: Bangalore, the most positive property market in the country today, posted a whopping 17 percent rise and had a major impact on the National Property Index (NPI) in PropIndex July-September 2013, produced by Magicbricks.com, the leading property portal promoted by the Times Group.
Bangalore North: A commercial hub in the making
Nov 22, 2013
BANGALORE: The northern belt mainly consists of the micromarkets Hebbal, Yelahanka, Devanahalli and Bellary Road and comprises the northern realty hub of the city. Known for its residential catchments, good social infrastructure and roads, the northern part of the city is well-connected and boasts of easy accessibility and proximity to the international airport.
Budget homes find demand in East Bangalore
Nov 16, 2013
BANGALORE: In the early 1990s, Bangalore east beyond K R Puram was bracketed under ‘Bangalore Rural’. People didn’t head out there unless they could manage travelling on mud roads, with no habitation or streetlights for long stretches. Around 10 years down the line, Bangalore east has transformed into a bustling cosmopolitan and self-sufficient economic hub. With a host of infrastructure projects that have upgraded connectivity and seamless travel, peripheral locations in the east are witnessing
B-khatas is another slippery step
Nov 15, 2013
BANGALORE: Civic analyst Ashwin Mahesh said the decision to allow transaction and registration of properties of B-khatas is another slippery step when it comes to property ownership and transactions.
B-khatas registration to resume, fetch revenue to BBMP
Nov 14, 2013
BANGALORE: Good news for property owners and registrations.Even as there is slump in the property registration resulting in decline in revenue, the state cabinet on November 13 decided to allow transaction and registration of properties of B-khatas (title deeds) in BBMP limits.
Real estate lobby demands changes in Land Reforms Act
Nov 09, 2013
BANGALORE: The Karnataka chapter of real estate body The Confederation of Real Estate Developers' Associations of India (CREDAI), has asked Karnataka to make changes to the recently-announced Karnataka Land Reforms Act.
Housing options in Bangalore suburbs finding more demand
Nov 08, 2013
BANGALORE: The city’s focus is shifting to the peripheries too with commercial and industrial development, followed by residential spread owing to the increasing employee population, and upcoming retail and social infrastructure. With the extension of civic infrastructure to the far-flung localities and with a particular focus on road infrastructure, certain suburbs are gaining in prominence due to the good road network, social infrastructure and larger, more economical housing options as compar
Sobha Developers Q2 profit up 26%
Nov 08, 2013
BANGALORE:Sobha Developers Ltd’s profits are higher by 26.16 per cent at Rs 51.6 crore on a standalone basis for the second quarter of the financial year 2013-14 compared with the corresponding period last year (Rs 40.9 crore).
REITs will push realty sector
Nov 01, 2013
BANGALORE:The Securities and Exchange Board of India (SEBI) is preparing to allow public and private sector companies to start Real Estate Investment Trust (REIT) to enable retail investors to invest in the real estate sector.
Puravankara profit down 8 per cent
Oct 31, 2013
BANGALORE: Real estate firm Puravankara Projects Ltd has posted a profit of Rs 46 crore for the second quarter of 2013-14, down 8.18 per cent from Rs 50.1 crore in the previous year period.

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