BUSINESS
Why did this Bengaluru man go house-hunting during IPL match?
Apartment rents have shot through the roof in Bengaluru, and product designer Atin Bose’s landlord had hiked rent by 60%. With landlords looking to recoup revenue lost during COVID-19, rentals are set to surge further.
BUSINESS
India's first 3D-printed post office in Bengaluru: How the technology will impact construction and affordability
The technology holds potential to minimise delays in project execution by cutting construction time by 30 percent, but affordability remains a challenge.
BUSINESS
National Pet Day: New pet policies implemented in Indian cities promote responsible ownership and coexistence
Local buses in Bengaluru are now more pet-friendly, and parts of new pet policies in Noida are giving homebuyers a breath of fresh air.
BUSINESS
L&T builds India's first 3D-printed post office for Rs 23 lakh
The company said the technology can be used to lower costs only when a large volume is to be constructed.
BUSINESS
National Pet Day: Dedicated pet policies, public sensitisation needed for conducive atmosphere
Proper policies should be chalked out to deal with pet issues in apartment complexes and residential areas, while sensitising the public towards pets.
BUSINESS
No wild animals, only 'legal husbands': Bengaluru sees a spurt in bizarre rent agreements
Karnataka does not have policies in place to protect tenant rights in situations where landlords suddenly raise rents beyond the amount stipulated in the contract
BUSINESS
Landlord Games | Tenants in Bengaluru scramble after sudden hike in rent
With the city’s economy and private sector stirring back to life, landlords are looking to recoup revenue lost during the pandemic when tenants returned to their hometowns.
BUSINESS
Rules-driven reforms to resolve mobility, real estate issues in Bengaluru: FM Nirmala Sitharaman
Among the issue raised by the homebuyers at the conference was the long-pertaining confusion regarding the registration of associations in the state and the last-mile mobility issues in the city.
BUSINESS
Rental frenzy in Bengaluru: Tenants resort to bidding for apartments as rents shoot up by 40%
With a severe mismatch in demand and supply of rental stock, brokers have started allotting slots for apartment tours and even accommodating prospective tenants in co-living temporarily until they find a home for them
BUSINESS
Why more techies prefer private vehicles to the KR Pura-Whitefield metro in Bengaluru
Experts say improving the multi-modal transport system and connecting the last mile with the fragmented metro corridor are crucial to decongest Bengaluru’s eastern IT hub.
BUSINESS
Primed Location: What the KR Pura-Whitefield Metro Line means for Bengaluru realty
Brokers say the metro line will lead to the appreciation of residential, commercial, and warehousing portfolios in and around the area.
BUSINESS
Area Watch: Residents reminisce old times as Bengaluru’s Indiranagar transforms from a sleepy neighbourhood into a commercial hub
From Rs 2,000 per square foot in 2001, the commercial rental values have appreciated to Rs 40,000 per sq ft. However, with the explosive commercial boom, locals say, the residential areas have been pushed afar.
BUSINESS
NCLT initiates insolvency proceedings against Mantri Developers in Bengaluru
In February 2022, a petition was filed against Mantri Developers by Indiabulls Housing Finance Ltd (IHFL) after the real estate company defaulted on a loan of Rs 456.6 crore that was sanctioned by IHFL.
BUSINESS
Landlord tantrums: Why techies say building a startup is less stressful than renting an apartment in Bengaluru
The mass layoffs by tech companies have made landlords in Bengaluru jittery about taking on tenants from the IT and startup sector. Employees of such companies are struggling to cope with the ever-changing demands of the landlords.
BUSINESS
Karnataka RERA orders developer to pay Rs 28 lakh as flood compensation to homebuyers
Homebuyers claim that the developer has not provided the required relief even as the 60-day KRERA order deadline approaches.
BUSINESS
Mobility in deep water: Can Bengaluru turn the ship towards a 15-minute city?
Experts say unless the Revised Master Plan 2041 is implemented within 2025 and metro work completed within 2032, mobility will remain an issue for the tech hub
BUSINESS
Co-living gains traction in Bengaluru as millennials choose convenience over costs
Co-living rentals have increased by at least 30 percent since the last year and are likely to increase by 10 percent further. Yet co-living uptake is growing 40 percent, with several players lining up new projects.
BUSINESS
Standalone senior living communities a flop show, integrated models gaining traction
Experts say most investments in senior living apartments are being done by the younger generation. While standalone senior living communities have failed, townships, with children and younger people living next to seniors, make the integrated model an interesting buying proposition.
BUSINESS
Global slowdown, SVB collapse may delay real estate launches; dent commercial sector
Experts say the economic slowdown and rising interest rates may stall investments by millennials in Indian real estate.
BUSINESS
Homebuyers can claim delayed compensation until occupancy certificate is issued: NCDRC
The court clarified that actual possession will be considered at the date the OC is issued, even after the homebuyers move into the apartments.
BUSINESS
Provident Housing to develop 10.7 million sq ft across Bengaluru, Chennai and Kochi; to invest Rs 4,800 crore
The International Finance Corporation, an affiliate of the World Bank, is in talks to deploy Rs 238 crore in two projects in Bengaluru. The deal is expected to close in the next two-three months
BUSINESS
Gated apartments in Bengaluru city centre have taken an affordability hit, forcing tenants towards the suburbs
With a shortage of land in and around the city centre, experts say rentals for gated apartments close to the suburbs will likely soar.
BUSINESS
Puravankara to develop 20 million sq ft property with potential revenue of Rs 15,000 crore
Puravankara plans to deploy Rs 100 crore or more in Bengaluru as a part of its alternative investment fund platform and raise about Rs 1,000 crore.
BUSINESS
Bengaluru-Mysuru expressway could become Karnataka's first high-tech industry corridor, experts say
The expressway is expected to boost investment in high-tech industrial development in areas that it passes through.
