Latest Realty News

Bangalore is a growing investment hub
Oct 31, 2013
BANGALORE: Bangalore today is more than a geographical identity. “Back in the 90s and the early 2000s Bangalore was known as much for its climate, and defense and engineering antecedents, as it was for being a retiree’s paradise. Over the last 15 years as outsourcing and BPOs became household words, Bangalore became a brand, first to be admired, and then envied, and an investment destination for businesses and property.
Bangalore North is an emerging hotspot
Oct 30, 2013
BANGALORE: The north has emerged right on top of the list as a preferred destination in Bangalore from the time the airport moved here. With connectivity in focus, with grade separators that facilitate smooth travel from Sadashivanagar right up till the airport, the widening of the Hebbal flyover, and the upgradation of Bellary Road with the elevated highway, localities around are witnessing a mix of premium luxury residential developments as well as mid-segment and budget housing options. The G
Bangalore Real Estate Update 2013
Oct 29, 2013
BANGALORE: Bangalore has been the fastest-growing city of India since the past few decades. IT has been the major growth driver and is responsible for aggressive real estate development in the city. Being the IT hub of India, Bangalore has a multi-cultural population with good social infrastructure, excellent educational institutes and constantly upgrading physical infrastructure. Currently, the most promising residential micro-markets are Outer Ring Road (ORR), Sarjapur Road, Whitefield and Nor
Bangalore residential market flooded with unsold stock
Oct 27, 2013
BANGALORE: Bangalore residential market has unsold stock of 50,184 units in second quarter (Q2) of 2013 against 46,823 in first quarter (Q1) 2013.
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.
Commercial office supply records a dip: CBRE
Oct 22, 2013
DELHI: Less than 3 million sq.ft of office space entered India’s prime real estate market in the quarter ending September 2013—dropping by more than 75% q-o-q over last quarter’s 10 million sq.ft of fresh office space supply; and by nearly 50% over the same period last year. Delayed deliveries from previous quarters, along with new projects coming on-stream, had led to an increase of upto 8% q-o-q and about 16% y-o-y in office supply addition in the previous April–June period; but the July–Septe
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.
Karnataka Govt to issue ordinance to regularise illegal buildings
Oct 17, 2013
BANGALORE: The Karnataka government on October 11 decided to promulgate an ordinance to regularise bylaw deviations in residential and commercial buildings in urban areas of the state by collecting penalty, from the date of its assent by the Governor.
Get set for property ownership card in Bangalore
Oct 15, 2013
BANGALORE: This could well be the best thing to happen for lakhs of property owners in Bangalore — an all-in-one property card. To curb duplication of khatas, the government has finally embarked on the Urban Property Ownership Record (UPOR) project.
Will you have to pay VAT on your flat? SC ruling to push up property prices
Oct 14, 2013
BANGALORE: According to a recent verdict by the Supreme Court, the sale of a property that is under construction would be liable to value-added tax (VAT).
Government to issue ordinance to regularise illegal buildings
Oct 12, 2013
BANGALORE: The Karnataka government today decided to promulgate an ordinance to regularise byelaw deviations in residential and commercial buildings in urban areas of the state by collecting penalty, from the date of its assent by the Governor.
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.
North Bangalore – Emerging residential destination
Sep 27, 2013
BANGALORE: Bangalore north has become the epicentre of the city with the presence of the international airport in Devanahalli. A host of civic infrastructure projects to upgrade connectivity and promote seamless travel are further enhancing the dynamics of this region.
It’s in North Bangalore where all the action is
Sep 18, 2013
BANGALORE: Smart growth is the buzzword for cities struggling to overcome the horrors of urban sprawl. ‘New guard’ urban planners at the Rio de Janeiro United Nations Conference on Environment and Development while accepting that growth and development would continue to occur, sought to put in place sustainable communities that are good places to live, to do business, to work, and to raise families. The aim was to facilitate residents’ access to quality education to livable, safe and healthy pla
Slowing realty industry sees top-level exits
Aug 31, 2013
BANGALORE: Indian real estate sector is seeing top-level exit even as industry grapples with slow sales. In a recent exit, Juggy Marwaha has quit Mantri Developers to join property consultancy firm Jones Lang LaSalle (JLL) India as managing director, south India operations.
Puravankara’s Bangalore project
Aug 26, 2013
BANGALORE: Puravankara Projects Ltd is set to launch a residential project off Sarjapur Main Road, in the heart of the IT hub, in Bangalore.
Puravankara set to launch Rs 350 crore property in Bangalore
Aug 21, 2013
BANGALORE: Realty major Puravankara ProjectsBSE 1.89 % today said it is set to launch Rs 350 crore property 'Purva Skydale' near Sarjapur main road, a hub for Bangalore's IT industry.
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.
Budget homes hold potential for investors in Bangalore
Aug 09, 2013
BNAGALORE: With Bangalore registering a significant growth in terms of the area of the city and its population, the residential segment has expanded to include more offerings for endusers and investors. Budget homes are slowly coming into the limelight with their reasonable pricing and ideal location – in areas where commercial and industrial development is taking off.
Residential growth surges at Kanakapura Road in Bangalore
Aug 09, 2013
BANGALORE: Kanakapura Road in the south of the city is one of the fastest growing localities due to its connectivity, access to Electronic City and supply of Cauvery water. Residential property has seen a surge in this locality.
Peripheral locations in Bangalore host more affordable homes
Jul 26, 2013
BANGALORE: With the city extending towards new peripheries, residential development has also grown to accommodate the requirements of a burgeoning working population. As large multinational establishments are finding spaces in far-flung localities, the demand for housing in these belts has picked up. Reasonable cost of land has led to the emergence of the affordable or budget housing segment to cater to a younger, first time buyer profile coming to the city.
Invest in property to avoid capital gains tax
Jul 26, 2013
BANGALORE: Capital gains arise when a house is sold. Capital gains tax is leviable on the sale or transfer of a house. It is computed on the indexed cost of the house sold. This cost is deducted from the amount received by the seller. The indexed cost is computed according to the indexation rates notified by the Income Tax Department for each year.
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.
Karnataka to protect home buyers from fraudulent developers
Jul 16, 2013
BANGALORE: The increasing complaints against developers and promoters of housing cooperative societies has caught the Karnataka government’s attention, which has decided to put an end to it.

Latest Realty News Of State

Realty Talk's