NGT orders that industries around Bellandur Lake in Bangalore be shut down
May 20, 2017

In a bid to comply with the National Green Tribunal (NGT)’s orders, the Karnataka State Pollution Control Board (KSPCB) has initiated the process of closing down 76 industries around Bellandur Lake that had earlier been issued closure notices. However, KSPCB may revoke the closure notice for the industries that are found to have installed Effluent Treatment Plants (ETPs) and are not discharging polluted water into Bangalore’s largest water body. The NGT has recently ordered that… Read More

Karnataka to regularise illegal constructions on government lands
May 18, 2017

In a move offering respite to thousands of homeowners, Karnataka government is planning to regularise illegal structures built on plots measuring 1,200 sq ft, located on government lands. This offer will apply on government lands that lie within 3-18 km of the boundaries of municipalities, municipal corporations, and town panchayats across the state. This proposal will benefit thousands of middle-class families who have unknowingly constructed or purchased houses on government lands in revenue pockets. Cities… Read More

Bangalore emerges as world’s most affordable tech city
May 13, 2017

India’s Information Technology (IT) capital, Bangalore, has topped a list of 22 technology cities across the world in the affordability element. While the city ranks low on several other parameters, it is the only Indian city to make it to the Savills Tech Cities Index. The index ranks tech cities on different parameters, under five categories. As per the index, with average house rent of Rs 15,250, Bangalore is cheaper to live in as compared… Read More

Bangalore civic body prepares to promote cleanliness in the city
May 13, 2017

After securing an unimpressive 210th position in the Centre’s cleanliness survey, Swachh Sarvekshan-2017, the Bruhat Bengaluru Mahanagara Palike (BBMP) has decided to ensure that the city makes it into the top 10 in the next year’s survey. It should be noted that the Quality Council of India assessed 434 Indian cities in the survey and declared Indore as the cleanest city. To promote cleanliness in Bangalore, the BBMP Commissioner recently held a review meeting and… Read More

Karnataka to seek more time to clean Bellandur Lake
May 13, 2017

The Karnataka government has recently decided to seek more time from the National Green Tribunal (NGT) to set up a Sewage Treatment Plant (STP) at Bellandur Lake. As confirmed by the state’s Urban Development Department, the officials will ask for an extended deadline of 2020 at the NGT’s next hearing on May 18, 2017. Officials assert that the task of cleaning the 910 acre water body cannot be completed within the given time frame. As… Read More

All apartments around Bellandur Lake to setup STPs
May 11, 2017

After shutting down the industries located around Bellandur Lake, the Karnataka government is all set to take action against apartment complexes that have been equally responsible for polluting Bangalore’s biggest water body.  Owners of the 157 apartments located around the lake will soon be asked to set up Sewage Treatment Plants (STPs) or carry their sewage water to the STP at Nayandahalli in Vrushabhavathi Valley. Each apartment will have to transport its waste by tankers… Read More

NICE corridor in Bangalore to get metro connectivity boost
May 8, 2017

The area around Nandi Infrastructure Corridor Enterprise road, commonly known as NICE road, is set to receive a connectivity boost. The Bangalore Metro Rail Corporation Ltd (BMRCL) and the Nandi Infrastructure Corridor Enterprise (NICE) have decided to develop metro stations and parking complexes at the intersections of the Namma Metro lines and NICE peripheral roads.  Experts point out that NICE operates a 41 km peripheral road connecting Tumakuru Road to Hosur Road, and another 9.1… Read More

Bangalore Metro’s North-South corridor to commence within a month
May 3, 2017

After failing to get the North-South corridor (Green Line) line inspected by the Commissioner of Railway Safety (CRS), the Bangalore Metro Rail Corporation Limited (BMRCL) is likely to miss yet another deadline for Phase I of Bangalore Metro project. After completing 18 different tests of the trial run, BMRCL was supposed to open the Sampige Road-Yelachenahalli section for CRS’ inspection by end of April 2017. As informed by senior BMRCL officials, the tests on this… Read More

Press Release

Shriram Properties joins hand with Xander Group for Chennai SEZ project
May 2, 2017

Shriram Properties joins hand with Xander Group for Chennai SEZ project2nd May 2017 Bangalore-based Shriram Properties has signed a Rs 2,290 crore deal with Xander Group to construct Shriram Gateway SEZ in Chennai. This is one of the largest Private Equity (PE) deals in the Indian real estate sector. As per the deal, Shriram Properties will construct and own the residential and retail components spanning across 2.6 million sq ft in the 58-acre township, while… Read More

Top builders in Bangalore to remodel railway stations
April 30, 2017

Top builders in the Bangalore, including L&T Realty, Brigade group, Godrej properties, Sobha Group and RMZ Corp have exhibited interest in redeveloping the Bengaluru Cantonment and Yesvantpur railway stations in the city. It will be the first time when Indian railways will remodel its stations through Public-Private Partnership (PPP). As per industry experts, the interest garnered from leading developers can be justified by the fact that it a big challenge to get a good parcel… Read More

Mandatory STPs for all buildings with 50 or more residential units in Bangalore
April 28, 2017

As per the Bangalore Water Supply and Sewerage Board’s (BWSSB) latest notification, Sewage Treatment Plants (STP) and dual-piping system are now mandatory for all existing apartments having 50 and more residential units or buildings with 5,000 sq m and above area, whichever is lower. Commercial buildings measuring 2,000 sq m and educational institutions measuring 10,000 sq m and above will also have to comply with mandatory STP and dual-piping system. For new constructions, the rule… Read More

Apartments around Belandur Lake in Bangalore to be inspected
April 26, 2017

The Karnataka State Pollution Control Board (KSPCB) is all set to initiate an inspection drive for 159 apartment complexes and other commercial centers in the Bellandur lake catchment area. The inspection exercise aims at evaluating the operational efficiency of Sewage Treatment Plants (STPs) in these units, for which a team of 30 officers has been formed. The inspection drive follows the recent action taken by National Green Tribunal (NGT), which gave authorities a month’s notice… Read More

BDA to stop building new flats
April 24, 2017

The Bangalore Development Authority (BDA) has recently decided to stop constructing new high-end apartments in the city. Stuck with unsold inventory, the Authority is also considering renting out empty apartments in different localities of Bangalore, shifting its focus to clearing the inventory and improving facilities in existing apartments. At present, the authority is trying to find buyers for 1,065 flats, particularly in the suburbs. BDA was initially formed to provide affordable and quality housing in… Read More

Namma Metro phase II to be completed by 2020
April 21, 2017

The Bangalore Metro Rail Corporation Limited (BMRCL) has set 2020 as the deadline for the completion of phase II of Namma Metro project. BMRCL, which has taken years to complete the Phase I of the same project, is claiming to complete the work on the 72-km-long stretch within the above-mentioned deadline, using Rs 26,405 crore. To build 61 metro stations, including 12 underground stations on the stretch, the BMRCL will require 102.02 hectares of land,… Read More

Industries near Bellandur Lake in Bangalore ordered to shut by NGT
April 20, 2017

Post the infamous Bellandur Lake fire case, National Green Tribunal (NGT) has ordered the closure of all industries situated in the vicinity of the lake in Bangalore. The strict action was taken to prevent industrial units from dumping waste into the lake. The Tribunal has also imposed Rs 5 lakh fine to anyone violating this order and found discharging treated or untreated waste in and around the lake. Industries have been given one month's notice… Read More

Land transactions to become costlier in Bangalore
April 11, 2017

In an attempt to change the tax structure for large urban plots, the Karnataka government has announced new methods of levying stamp duty, which will apply to parcels of land converted for non-agriculture use. The new rule, which has come into effect from April 1, 2017, is expected to push up the cost of transactions in locations with high land prices. Until March 2017, the Department of Stamps and Registration used to calculate stamp duty… Read More

BBMP offers rebate to encourage online payment of property tax
April 6, 2017

After fixing the technical glitches in the online payment system, the Bruhat Bengaluru Mahanagara Palike (BBMP) has asked property owners to not hesitate to choose online payments. In an attempt to encourage cashless transactions, the civic body is offering a five percent rebate on the property tax if the payment is made online by April 30, 2017. As confirmed by BBMP, after fixing the technical flaws related to digital payments, the revenue officials are cracking… Read More

Bangalore projects near lakes with approvals received before May 2016 may continue construction: NGT
April 6, 2017

Buyers will not need to worry about investing in a property close to lakes in Bangalore, provided the builder has obtained the construction permit prior to May 2016. This announcement has been made by the National Green Tribunal (NGT) in order to ease the pains being faced by builders and buyers in Bangalore on account of the increased buffer zone around water bodies. It must be noted that the NGT had increased the buffer zone… Read More

Page 1 of 60