BUSINESS
Looking beyond net zero: Retrofitting, ESG crucial to meet real estate's sustainable goals
Retrofitting is replacing existing private real estate and public infrastructure with more sustainable materials with the help of growing technology like artificial intelligence and the Internet of Things.
BUSINESS
MC Explains: Are satellite towns the answer to Bengaluru's infrastructural woes?
Will satellite towns ease the pressure on Bengaluru and prevent disasters such as last year’s floods? A look at how the Karnataka state government must go about setting up the five proposed satellite towns
BUSINESS
Flex office spaces major game changers for commercial sector in Bengaluru, but to grow cautiously
Colliers data suggested that the tech city added 50,000 seats last year and 12,500 between January and March 2023, thus growing at a stable rate.
BUSINESS
Time taken to close a property deal reduced dramatically by using emerging tech solutions
Cities like Greater Noida saw a 51 percent reduction in time for buying/selling an apartment, Ghaziabad at 44 percent, followed by Bengaluru at 41 percent.
BUSINESS
Bengaluru mulling underground tunnels, satellite towns to solve traffic woes: Dy CM DK Shivakumar
Environmentalists, however, say flyovers or underground road networks will only serve to shift the congestion to the other parts of the city. "We need to shift people away from private vehicles with an integrated public transport system," said one of them.
BUSINESS
Area Watch: Why more techies are slowly shifting towards north Bengaluru
Local brokers say that key micro markets like Hennur Road, Jakkur, Yelahanka, and Hebbal are the most promising locations for real-estate investments.
BUSINESS
Bengaluru’s property resale market gets a boost from housing shortage
According to experts, while investors have an opportunity to exit after doubling their returns, many homebuyers are looking for bigger apartments
BUSINESS
Kerala property sales may be hit this fiscal after increase in fair value of land
Kerala CREDAI says it will take another two quarters to show an impact on land prices after the latest 20 percent increase in the fair value of land.
BUSINESS
Matchbox apartments: 1BHK units in Bengaluru shrink by 30%, demand up by 40%
To meet the growing demand and already facing a shortage of 1BHKs, prospective investors have started redeveloping old homes into multiple tiny units
BUSINESS
Karnataka RERA asks developer to refund amount paid by buyer for unregistered Bengaluru project
The project, Richmond Pride Phase II, located close to Anekal in southern Bengaluru, was to be completed by March 2015, including the grace period.
BUSINESS
Millennials driving demand for Bengaluru's under-Rs 50-lakh homes
Brokers also underline the lack of fresh inventories, especially in areas around the CBD.
BUSINESS
Flex office space provider International Workplace Group plans to expand to Tier 2, Tier 3 cities
Company plans to add about 10-12 workspaces in India by the end of FY23-24.
BUSINESS
Shriram Properties to develop 5.4 msf of residential space in FY23-24
The company will be launching 11 projects across Bengaluru, Chennai, and Kolkata, including three stuck assets in Bengaluru.
BUSINESS
Why Bengaluru’s villas are all the rage among millennial buyers
Local brokers and developers say that demand for villas in Bengaluru has gone up by 30-40 percent in the last two years.
BUSINESS
Karnataka plans 5 satellite towns to ease development load on Bengaluru
In total, there will be about 1,000 villas and more than 25,000 houses in the satellite towns.
BUSINESS
Karnataka RERA directs Bengaluru developer to stick to guidelines for proposed township
The authority also ordered the developer to restrict plotted developments to a "villa theme" on a complaint by an association of buyers.
BUSINESS
High Street Tracker: How flex office spaces stirred demand in one of Bengaluru's top High Streets, MG Road
Colliers India estimates that MG Road currently has less than about 8.4 lakh square feet of Grade A office space portfolio spread across the prime CBD.
BUSINESS
Allottees can approach KRERA to take over delayed projects for completion: Karnataka RERA chief
Karnataka does not have provisions for deemed conveyance. The chairman said that the old developer is still liable to pay compensation in cases of delayed execution of projects.
BUSINESS
Can proptech help rent an apartment faster?
While realty firms have started using technology to smoothen and expedite the sale and rental process, much more needs to be done to add meaningful value.
BUSINESS
Developer cannot escape liabilities of project completion after promoters change: NCDRC
The court overturned an order passed by the Karnataka Real Estate Regulatory Authority and directed the developer to refund homebuyers' money.
BUSINESS
MC Explains: Bengaluru minister hints at property tax hike; experts say it's time
Experts say the Silicon Valley of India needs to be more tech-savvy when it comes to property tax collection.
BUSINESS
Vaishnavi Group to develop 10 million sq ft in Bengaluru, targets Rs 5,000 crore revenue
The company will also commence work on the Chalukya Hotel to develop 1.5 lakh square feet of Grade A office space in the city’s central business district for a rental return of about Rs 335 crore.
BUSINESS
MC Explains: Madras HC says resident welfare associations cannot interfere in apartment transactions
The court also held that the collection of transfer fees by such associations during the sale of an apartment is illegal.
BUSINESS
Developers are bound to show land documents before purchase, says Karnataka authority
The ruling came on a case related to a luxury project in eastern Bengaluru's IT corridor of Sarjapura, where a homebuyer decide the hold back on the purchase decision after the builder refused to show land title documents.
