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DigiYatra data will be saved in decentralised manner: Jyotiraditya Scindia

BUSINESS

DigiYatra data will be saved in decentralised manner: Jyotiraditya Scindia

The government on Thursday launched DigiYatra, which is based on facial recognition technology for air passengers, at Delhi, Bangalore and Varanasi airports.

Sustainability, tech needed in construction sector to achieve net-zero by 2070: Housing Minister HS Puri

BUSINESS

Sustainability, tech needed in construction sector to achieve net-zero by 2070: Housing Minister HS Puri

Real estate summit, Brigade Reap, in Bengaluru sparked several debates on the need for an accessible data-exchange platform, and weather-mapped tech in the construction sector. Additionally, the panelists urged for a streamlined C&D waste recycling model.

Apartment owners cannot assemble to obstruct demolition drives: Karnataka HC

BUSINESS

Apartment owners cannot assemble to obstruct demolition drives: Karnataka HC

BBMP said the department has removed more than 2,000 encroachments in Bengaluru and is currently looking at more demolitions in the KR Puram and Mahadevapura areas.

Shriram Properties acquires Suvilas Realties, two delayed projects in Bengaluru

BUSINESS

Shriram Properties acquires Suvilas Realties, two delayed projects in Bengaluru

The acquisition has helped the company to secure two delayed projects in Bengaluru and will allow Shriram Properties to develop 0.65 million square feet (msf) with potential revenue of Rs 400 crore

MC Explains | Can apartment owners arbitrarily hike rent in 11-month rental period?

BUSINESS

MC Explains | Can apartment owners arbitrarily hike rent in 11-month rental period?

Bengaluru is seeing rising instances of landlords increasing rents in the middle of the contract period. However, lawyers say they cannot do so and even cannot mention the hike percentage for renewal of the contract.

Meghalaya clash not border dispute, says Assam CM

INDIA

Meghalaya clash not border dispute, says Assam CM

He said timber was being smuggled and when forest officials tried to stop the vehicle "a conflict arose" between local people and police.

Construction costs of greenfield projects climbed 5-7% in Q3 2022: Report

BUSINESS

Construction costs of greenfield projects climbed 5-7% in Q3 2022: Report

CBRE says to build a green real estate sector the integration of environmental assessments and real estate planning is crucial.

Hate speech case: Azam Khan granted regular bail

POLITICS

Hate speech case: Azam Khan granted regular bail

Khan was disqualified from the Uttar Pradesh Assembly following his conviction and sentencing in the case.

Karnataka Housing Board to launch 2,000-acre township in Bengaluru by mid-2023

BUSINESS

Karnataka Housing Board to launch 2,000-acre township in Bengaluru by mid-2023

Construction of another 1,000-acre township is 50 percent complete. Also in the pipeline is a 1,000-acre township ahead of Bannerghatta National Park.

India imports 23.4 lakh tons of fertiliser in October

BUSINESS

India imports 23.4 lakh tons of fertiliser in October

Out of the total fertiliser imports, DAP was maximum at 14.70 lakh tonne, followed by urea at 4.60 lakh tonne, Muriate of Potash (MoP) at 2.36 lakh tonne and complexes at 1.70 lakh tonne in the said month, the data showed.

IT raids land owners in Bengaluru, Mumbai, Goa; seizes Rs 1,300 crore

BUSINESS

IT raids land owners in Bengaluru, Mumbai, Goa; seizes Rs 1,300 crore

The CBDT has found that several land owners had hidden their income from the transfer of land, as well inflated costs, to show reduced capital gains.

Bengaluru tenants witness up to 45% rent surge, even in areas once considered dormitory suburbs

BUSINESS

Bengaluru tenants witness up to 45% rent surge, even in areas once considered dormitory suburbs

Realtors say rents for residential accommodation around the central business district is increasing radically, pushing up demand and lease rates in areas relatively farther from the city centre. The recurrent instances of flooding too is redrawing the city’s real estate map.

MC Explains: Can apartment associations disconnect power, water supply of homebuyers defaulting on maintenance?

BUSINESS

MC Explains: Can apartment associations disconnect power, water supply of homebuyers defaulting on maintenance?

Officials at the additional registrar of cooperative societies, Karnataka, where there have been several such instances, said the department has already received a clarification from the state government on the contentious Karnataka Apartment Ownership Act, 1972.

Karnataka authorities serve notice, seize land assets of developer in a delayed project in Bengaluru

BUSINESS

Karnataka authorities serve notice, seize land assets of developer in a delayed project in Bengaluru

Homebuyers say they have to wait for inordinately long periods of time to get judgments from KRERA. Even those who struggled a lot to bring KRERA to Karnataka are waiting for judgments on their cases.

Karnataka homebuyers file multiple Lokayukta complaints against KRERA

BUSINESS

Karnataka homebuyers file multiple Lokayukta complaints against KRERA

The homebuyers have accused the KRERA chief of issuing misleading orders and dereliction of duty.

Enforcement Directorate attaches assets worth Rs 50 crore of Salarpuria Sattva Group

BUSINESS

Enforcement Directorate attaches assets worth Rs 50 crore of Salarpuria Sattva Group

ED said these funds were rerouted back into the real estate company through their group non-banking financial company (NBFC) registered in Kolkata.

Puravankara clocks 43% more sales in H1 2022, records net loss of Rs 17 crore

BUSINESS

Puravankara clocks 43% more sales in H1 2022, records net loss of Rs 17 crore

The company says the loss will be recaptured when it delivers five projects with 1500 units over the next two quarters.

MC Explains: How soon will Mysuru catch up with Bengaluru as a real estate hub?

BUSINESS

MC Explains: How soon will Mysuru catch up with Bengaluru as a real estate hub?

Real estate and land prices in Mysuru have shot up in the last few months as the government looks to develop more land parcels and several industrial growth plans, including a semiconductor hub, offer a promise of future development

MS Ramaiah Developers to invest Rs 1,100 cr; to foray into Goa, Andhra Pradesh

BUSINESS

MS Ramaiah Developers to invest Rs 1,100 cr; to foray into Goa, Andhra Pradesh

In Bengaluru, the company is focussing on commercial projects in the north of the city. It also plans to invest Rs 200 crore in delayed projects across the metropolis.

MC Explains: How will Delhi-NCR construction ban affect the real estate sector?

BUSINESS

MC Explains: How will Delhi-NCR construction ban affect the real estate sector?

The construction ban may lead to a rise in prices across the real estate sector in the region. However, experts say key policy changes are the core to solving this recurring problem in the region.

Bangalore Development Authority-backed project lacks basic facilities even after eight years

BUSINESS

Bangalore Development Authority-backed project lacks basic facilities even after eight years

Homebuyers in the project have filed a complaint with the Karnataka Lokayukta against the BDA chief for lack of permanent water and electricity connections, a non-functioning sewage treatment plant (STP) and proper fire safety provisions

Robots celebrate Diwali in Jaipur housing society; serve food, aid in maintenance

BUSINESS

Robots celebrate Diwali in Jaipur housing society; serve food, aid in maintenance

Manufacturer Club First Robotics said deploying the robots can save up to Rs 1.8 lakh each month in maintenance of apartment complexes.

Karnataka Fire and Emergency Services department flags off Green Deepavali campaign; introduces 90-metre aerial ladder platform for high-rises

BUSINESS

Karnataka Fire and Emergency Services department flags off Green Deepavali campaign; introduces 90-metre aerial ladder platform for high-rises

With this, Bengaluru becomes the second city after Mumbai to have a 90-metre ALP firefighting system.

Nisus Finance to invest Rs 1,400 crore in Indian residential sector; to foray into Kolkata, Chennai

BUSINESS

Nisus Finance to invest Rs 1,400 crore in Indian residential sector; to foray into Kolkata, Chennai

The company is looking at investing Rs 400-500 crore in stuck residential projects across Bengaluru