Bangalore Property News

Karnataka to have a Unified Land Management System in place

The current land management system in Karnataka gives fraudsters ample opportunities to create fake documents and trick people. Thus, the State government has planned to…

Karnataka plans to cut Guidance Value on properties

The Karnataka government has plans to slash Guidance Value on properties in the coming year. According to the norms, the Guidance Value (or circle rate)…

Karnataka Govt. slashes stamp duty for properties priced under Rs 45 lakh

In a move to attract homebuyers, the Karnataka government has reduced the stamp duty for homes by two percent. The revised duty rate i.e. 3…

Bangalore Metro: Extended Purple line between Mysore Road and Kengeri inaugurated

The extended Bangalore metro line between Mysore Road and Kengeri has recently been inaugurated. The new corridor is likely to help people transit comfortably through…

Bangalore: BBMP to waive property tax penalty

The Bruhat Bengaluru Mahanagara Palike (BBMP) is likely to waive off the interest and penalty on property tax. Earlier, the civic body had doubled the…

Karnataka Govt. plans to revise Guidance Value in all districts

With intent to enhance the revenue collection of the State, the Karnataka government is looking forward to revise the Guidance Value of properties in all…

Bangalore reports over 170 unauthorised residential layouts

Despite the presence of a number of authorities, the unauthorised layouts continue to flourish unabated across Bangalore. According to the Bangalore Development Authority (BDA), there…

Bangalore: Mysore Road-Kengeri metro line likely to be delayed

The 7.3 km-long South-West extension of Namma Metro’s Purple Line, from Mysore Road to Kengeri, is likely to miss its inauguration timeline of August 15,…

Karnataka Govt. reduces stamp duty on flats to three percent

In an enabling decision to boost the housing demand across the State, the Karnataka government has reduced the stamp duty on residential flats priced between…

Office space absorption in Bangalore reaches 4 million sq ft in H1 2021: Report

Surpassing the top six metropolitan cities of India, Bangalore recorded an office space absorption of 4.1 million sq ft in the first half of the…

Bangalore Development Authority tweaks norms to sell unsold flats

In a recent move to sell the ready yet unsold flats, Bangalore Development Authority (BDA) has floated new rules and norms to clear the unsold…

Karnataka Govt. to construct over 9 lakh affordable houses

Under various Central and State government housing schemes, the Karnataka government aims to construct over nine lakh houses in the coming years. In an enabling…

Housing sales decline by 23 percent in Apr-Jun 2021: Report

While residential sales declined by over 20 percent, QoQ, in Apr-Jun 2021, property prices remained largely stagnant across the top seven cities of India, i.e.…

Bangalore Development Authority doubles property tax

In a recent move, the Bangalore Development Authority (BDA) has increased the property tax across the city. The decision to double the property tax and…

Karnataka Govt. notifies premium FAR at 0.6 times the existing FAR

To increase its revenue and enable vertical development in cities, the Karnataka government has allowed citizens and real estate developers to construct an additional 0.6…

Bangalore: BBMP to issue Khatas within 30 days

Given the delays in issuance of Khatas, the Bruhat Bengaluru Mahanagara Palike (BBMP) has introduced a new online procedure; wherein, the applicants will receive the…