Bangalore Metro issues tender for Vellara-Shivajinagar corridor
June 22, 2018

The Bangalore Metro Rail Corporation Limited (BMRCL) has issued tenders for the development of an underground stretch from Vellara Junction to Shivajinagar. The underground corridor is 2.8 km long and will be developed as a part of the city's metro Phase-II, running from Gottigere to Nagawara. The Gottigere-Nagawara route is 21.42-km long. In the past, tenders were announced for a 13.91 km long underground corridor that got called off due to exorbitant amounts quoted by the bidders. This time, the metro corporation has made some design alterations. The BMRCL has decided to develop the underground route from Fathima Bakery near…

Karnataka RERA: List of approved projects and agents
June 18, 2018

After Maharashtra, Karnataka is the second most active state in the implementation of the Real Estate (Regulation and Development) Act (RERA) rules. The Karnataka government had launched an online portal for registration and filing complaints under RERA, and a regulatory authority for smooth execution of rules in the state. As per the latest information (as on June 18, 2018) available on the Karnataka RERA website, about 1,165 realty agents have applied for registration under the Act. Further, applications of 2,263 projects have been submitted to the portal. Of these, 1,902 projects have been successfully registered with the regulatory authority. Meanwhile, a…

Bangalore to see online building plan approvals in 3 months
June 8, 2018

The sliding rating in Karnataka’s Centre of Ease of Doing Business index has prompted Bangalore Development Authority (BDA) to do away with bulky paperwork and adopt online technology. This step aims to relieve the burden that investors face while dealing with land-related issues in the IT city. The website of BDA has been relaunched, and an online portal for payment of property tax is being offered. It is estimated that five more services will be online in three months. E-governance Department and BDA are working together offering online services such as issue of possession certificates, approval of plans, transfer of khatha and amalgamation and extension of BDA plots. The agency has a major jurisdiction in Bangalore. Their services of plan sanction and land…

Karnataka RERA shares a list of projects under investigation
May 31, 2018

Karnataka Real Estate Regulatory Authority (Karnataka RERA) has uploaded a list of ongoing projects that have been applied for registration certificate under the Real Estate (Regulation and Development) Act (RERA). The list is available on the RERA website. Right now, the total number of such projects is 837.  NOTE: The list is updated (Addition & Deletion) on every Friday at 1 PM based on replies received from the developers in response to notices issued by RERA. You can check the list of RERA projects put under investigation HERE The authority has highlighted the warning in bold, stating "Public is hereby informed…

Bangalore: Online payment of BDA property tax begins
May 25, 2018

As part of its ease-of-doing business initiative, online payment of property tax for flat and site owners of the Bangalore Development Authority (BDA) has commenced. BDA has put in place an online system for remittance of property tax (site and flat), which will be accessible on both smartphones and computers. Taxpayers can visit the website or to initiate the payment. Users can also register and login to their account to find out their dues and pay online on time. BDA officials that were interacting with citizens between 3 pm and 5.30 pm before, will now be interacting between the time slot 11 am and 5.30 pm on all working days. In addition to this, a public-grievance meeting will be held on second…

Press Release

Wework launches co-working spaces in Mumbai and Bangalore
May 17, 2018

WeWork, a co-working space provider, expanded their presence in India to 8 locations after launching new collaborative spaces in Mumbai and Bangalore. The one in Mumbai is located in Vikhroli and can accommodate 1,300+ members. In Bangalore, the office has been opened in Hebbal with 890+ desks. 

Bangalore: Most preferred city for office expansion
April 20, 2018

According to CBRE Asia Pacific Occupier Survey 2018, multinational companies looking to expand their office portfolio are preferring Bangalore. The report further revealed that China and India continue to be the most preferred markets for expansion followed by Singapore. Rajesh Pandit, Head (GWS and Asset Services), CBRE India, said that with every passing year, India further establishes itself as one of the world’s leading markets for expanding occupiers and the approach of multinational companies to occupy more office space in Bangalore and emerging cities are evidence to this fact. The survey further added that in the next two years, nearly…

Karnataka RERA mandates permanent approval for projects
April 3, 2018

The Karnataka Real Estate Regulatory Authority (Karnataka RERA) mandates all developers to attain permanent approval certificates before advertising projects, entering into an agreement with homebuyers. Earlier, the authority had issued provisional approvals to all applied projects under the Act for marketing them. The new rule came into effect on April 1, 2018. The recent notification by the Karnataka RERA mandating all builders to get permanent registration number under the Act for marketing and advertising their ongoing projects has raised issues for residential projects which are still under the process of approval. There are over 500 projects across the state under the process…

Centre approves Rs 500-crore project to boost Bangalore rail network
March 30, 2018

The Central government has sanctioned a sum of Rs 500 crore for the development of two additional rail corridors in Bangalore, connecting Bangalore Cantt to Whitefield. The project is expected to be completed within three years. The 25-km long section will have six stations including Bangalore Cantonment, Bangalore East, Baiyyapannahalli, Krishnarajapuram, Hoodi and Whitefield. The decision to develop the new corridor was taken considering a significant rise in suburban traffic across the traffic. Once the project is completed, thousands of commuters within the city would enjoy easier and faster travel. In the city, about 150 trains are running from Bangalore…

Pvt companies to renovate 7 BDA shopping centers
March 23, 2018

Bangalore Development Authority (BDA) has selected an Embassy Group and Maverick Holdings & Investments joint venture to renovate the Indiranagar shopping market under the public-private partnership (PPP) model. Additionally, another JV between MFAR Developers, Bengaluru and Realty and others has been shortlisted for revamping six of the total BDA’s 11 shopping centers. These are situated in Koramangala, HSR Layoutm, Sadashivanagar, Vijayanagar, RT Nagar and Austin Town. BDA anticipates that the income potential from the 7 complexes will increase from Rs 3.57 crore to Rs 38.89 crore post renovation. Currently, the functioning expenditure far surpasses the revenue generated, which is approximately…

Online building plan approval to start from April 1 in Bangalore
March 21, 2018

The Bruhat Bengaluru Mahanagara Palike (BBMP) announces to take submission of building plan approval online from 1st April applicable for all new projects — both residential and commercial. According to the new system, BBMP officials will have to clear plan submissions in 30 days. In case of failure, the portal for that particular application gets locked and the assigned officer will be penalised. However, the manual process of seeking permission from the requisite engineers will continue to be in process for properties measuring 40 ft x 60 ft or smaller sites. The online process will smoothen the process of plan…

Press Release

Puravankara announces launch of residential project in Goa
March 15, 2018

Puravankara announces launch of residential project in Goa15th March 2018 Bangalore-based real estate developer Puravankara forayed into Goa’s real estate with affordable luxury housing project, ‘Adora de Goa’. Located near Dabolim, the project is spread across 32 acres of land and will offer homes with topnotch amenities. The firm will invest over Rs 500 crore to develop the project. Adora De Goa will also feature retail spaces, high street coffee houses, restaurants and spas parlours. The construction work will be undertaken by L&T.

Taiwan to assist Bangalore’s pursuit to become a smart city
March 14, 2018

India’s Silicon Valley, Bangalore is all set to unleash its growth potential and opportunity by associating with Taiwanese Information and Communication Technology (ICT) companies which are believed to have the most advanced ICT capabilities in the world, making them a global leader in smart city solutions. India’s flair in software innovation coupled with Taiwan’s prowess in hardware manufacturing will create more possibilities in smart technologies and solutions. Known for having the world’s most efficient metro system, Taiwan can assist Bangalore in implementing effective public transport systems. Their public bike sharing service, YouBike, can be adopted in Bangalore to improve last…

Karnataka plans on building ‘Bangalore Square’ in city centre
March 7, 2018

Bangalore Mayor R Sampath Raj recently announced the state government’s plan to construct 'Bangalore Square' along the lines of Times Square at the junction of Brigade Road and Residency Road in Bangalore. The idea to reclaim public spaces in the city has been embraced by many but the feasibility of such an ambitious plan remains odd. Tara Krishnaswamy, Co-Founder, Citizens for Bangalore said that the city is in desperate need of pedestrian plazas due to over-emphasis on cars and infrastructure for vehicles. However, there are some obvious limitations to implement this plan - lack of space being the main one.…

Bangalore civic body to assign digital address to 19 lakh properties
March 5, 2018

The Bruhat Bengaluru Mahanagara Palike (BBMP) will soon launch its digital door-numbering system, DiGi7 to improve searching for an address in Bangalore. Under this system, the civic body will assign a unique seven-digit identification number to all 19 lakh properties across the city. The new digital address system will be based on the GIS Enabled Property Tax Information System (GEPTIS). The system will work on a database created by mapping all properties within BBMP limits, detailing properties and their location including the road and ward. To avail this digital address, the property owners are required to register on a BBMP…

Bangalore metro invites bids for construction of KR Puram-Silk Board line
February 28, 2018

The Bangalore Metro Rail Corporation Limited (BMRCL) recently invited bids for construction of the 17-km Outer Ring Road (ORR) metro line, linking KR Puram to Silk Board. Viaducts and 13 stations on the elevated section in three packages will be constructed under Phase 2A of the project. In the first package, bids for the 7-km long Silk Board-Iblur Junction constituting four stations have been invited which is estimated to cost Rs 427 crore. Under package 2, bids for 6-km long elevated line between Bellandur and ISRO Layout constituting five stations have been invited that would cost around Rs 416 crore.…

Bangalore lawmakers spend maximum on infrastructure and water supply works
February 28, 2018

According to a report released by Bangalore Political Action Committee (B.PAC) on Tuesday, Bangalore MLAs spent a major share of the money from their Local Area Development (LAD) scheme for infrastructure development and water supply works. The report further added that Rs 42.4 crore was spent on infrastructure development by 27 MLAs from the city, accounting for 20 percent of the amount spent between 2013-14 and 2016-17. The figures for 2016-17 are anticipated. Expenses on water supply and miscellaneous works accounted for 19 and 38 percent of the funds spent, respectively. B.PAC member Ananda Gundu Rao said that the report is…

Centre approves six-lane road project linking Bangalore and Mysore
February 22, 2018

The Central Government has sanctioned a six-lane road project worth Rs 2,920 crore of National Highway 275, connecting Bangalore and Mysore, in Karnataka. Ministry of Road Transport and Highways has approved an extension of 61 km long stretch of Nidagatta - Mysore Section of NH-275 from 74.2 km to 135.3 km on Hybrid Annuity Mode in Karnataka. The total cost of the project is estimated to be arounf Rs 2,919.81 crore including the cost of land acquisition and pre-construction activities. The civil construction would incur nearly Rs 2,028.93 crore. Officials have stated that the announcement will generate more employment opportunities.…

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