Latest Realty News

Bangalore: The tall storey
Feb 20, 2014
BANGALORE: Bangalore is known for its bungalow culture. It’s not surprising then that the country’s IT capital doesn’t have a great skyline. That maybe about to change. In a daring move real estate developers are reaching for the stars in a bid to give Bangaloreans a skyline to shout about.
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
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.
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
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: From global back office to a work and live hub
Oct 28, 2013
BANGALORE: In the early 1990s, when Electronics City was in its nascent stage, there were many who thought Infosys was a bus company, as buses emblazoned with the company’s name became ubiquitous, as they ferried employees from home to work and back.
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.
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.

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