Latest Realty News

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.
Bangalore holds potential for investors
Jul 05, 2013
BANGALORE: The National Association of Realtors-India (NAR-India), the national umbrella organisation of realtor associations, is holding its fifth annual convention this year at New Delhi. The convention, also being attended by heads of global realtor organisations, will have discussions on customer service, legal knowledge for brokers, broker-developer interface, finance and tax, excellence in business, real estate investments, emerging challenges, international brokerage practices etc.
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 MagicBricks.com
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.
Kaveri water boosts real estate market in Mahadevpura
Jun 21, 2013
BANAGLORE: Mahadevpura, a strategically located micro-market close to Whitefield and Indiranagar has reported impressive growth in residential projects in the Jan-Mar 2013 quarter. In a matter of three months the area has recorded an impressive 24 per cent increase in per sq rate.
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.
Marketing meet on realty in Bangalore
Jun 20, 2013
BANGALORE: The Great Indian Marketing Summit - Realty Edition will be held here on June 21.The event to be held at The Leela Palace, Bangalore, is expected to bring together people associated in the real estate industry, decision-makers to discuss trends, debate ideas, and share knowledge.
Co-owners shares should be specified in sale deed
Jun 20, 2013
BANGALORE: Property can be bought and owned jointly by more than one person. There are some legal and financial implications in such a case that need to be taken care of so as to avoid disputes.
Bangalore catches up on sustainable, eco-friendly homes
Jun 19, 2013
BANGALORE: Bangalore has been one of the foremost cities to have warmed up to eco-friendly, sustainable homes. These homes, dotted across localities offer sky-gardens, service core as a buffer area, tropical landscape in the sky gardens, air spaces and wind scoops, natural ventilation, use of cavity walls for insulation, use of natural materials and reduced use of water and power resources.
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.
Brokers turn developers as realty business booms
Jun 14, 2013
BANGALORE/ MUMBAI: PrashanthSambargi, partner at Bangalore-based real estate brokerage firm Mars Realty, is these days busy designing residential projects for two land parcels he owns in the IT capital of India. "I am now looking at smaller size projects with 18-40 units with 20 months' turnaround time... big builders do not enter this segment," he says.
Housing activity high on Sarjapur Road
Jun 13, 2013
BANGALORE: The one reason why the Sarjapur Road stretch on the Outer Ring Road (ORR) is emerging as the top commercial and residential real estate destination in the IT city is because over 2 lakh IT employees working for multinational companies on the ORR continue to prefer the area for its easy accessibility to residential areas, SEZs and IT parks along the stretch.
Bangalore residential sector witnesses interesting trends
Jun 11, 2013
BANGALORE: The new government with a clear majority and interest rates dropping seem to have given a boost to the Bangalore residential market. In the last couple of weeks the market has witnessed a surge in bookings, especially in the mid-segment market. What is interesting is that this surge is being driven by mid-level businessmen.
Why Whitefield works for luxury property buyer
Jun 08, 2013
BANGALORE: A vital factor pushing demand for premium residential property in Whitefield is the supply of top grade housing in the Rs 2.5 crore and above range. From luxury apartments in gated communities to sky villas and high-end row houses, Whitefield offers a host of options for the affluent buyer to choose from. Indraprastha RUHE by Indraprastha Shelters Pvt Ltd (Rs 1.5 crore), Nature Walk by Rennaisance Holdings (Rs 2.50 crore), Miraya Rose by UKn Properties (Rs 2.75 crore) and Prestige Whi
Glut of ready residential units likelyin Bangalore by 2015: Knight Frank
Jun 07, 2013
BANGALORE: Bangalore, which saw the launch of 35,500 residential units in 2012, is witnessing a similar trend in 2013 as well. Already in the first quarter (January-March) of this year, the city witnessed the launch of 8,000 residential units.

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