Bangalore Property News

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…

Work on Bangalore Suburban Rail Project to begin soon

With the tendering process expected to be completed in the next three months, work on the Bangalore Suburban Rail Project (BSRP) is scheduled to begin…

Bangalore: Central Govt. approves ORR-Airport metro corridor

In a recent development, the Union Government has issued the final sanction order for the ORR-Kempegowda Airport metro line under Phase 2A and 2B. According…

Bangalore-Mysore Expressway to get completed by 2022

The Bangalore-Mysore Expressway, expected to reduce the travel time between the two cities from 180 minutes to 90 minutes, is slated to get concluded by…

Centre approves Model Tenancy Act

To push the rental housing ecosystem in the country, the Central Government has finally approved the Model Tenancy Act, which is a landmark reform for…

Bangalore: Property tax rebate extended till June 30, 2021

In the wake of the challenges posed by the Coronavirus crisis, the Bruhat Bengaluru Mahanagar Palike (BBMP) has extended the property tax rebates till June…

Karnataka Govt. to hand over 5,000 units under PMAY

The Karnataka government has planned to hand over 5,000 housing units to people hailing from the Economically Weaker Sections (EWS) of the society on August…

Bangalore: Seetharampalya-Whitefield metro corridor likely to be delayed

The Seetharampalya-Whitefield metro corridor of the Bangalore metro rail project is likely to be delayed by more than a year. While most of the civil…

Karnataka builders fear cash crunch amid stalled property registrations

Owing to the Coronavirus lockdown, the Karnataka government has closed over 240 property registration offices across State. However, the real estate developers' cash flow will…

Bangalore: BBMP to repair 280 roads in over 100 villages

The Karnataka government has allocated Rs 1,000 crore to carry out repair work on 280 roads across 110 villages in Bangalore. The road project will…

Karnataka Govt. clears construction of 200-acre township in Yelahanka

To rekindle economic activity in Karnataka amid the second COVID-19 wave, the State government has approved the development of an integrated township at Yelahanka, Bangalore,…

Andhra Govt. approves over Rs 1,400 crore for Krishnapatnam node

The Andhra Pradesh government has recently sanctioned a sum of Rs 1,450 crore for the Krishnapatnam node under the Chennai-Bengaluru Industrial Corridor (CBIC). Krishnapatnam is…

Bangalore: MPC approves Namma Metro Phase 2

The Metropolitan Planning Committee (MPC) gave its final nod to Bangalore Metro’s Phase 2A, and Phase 2B projects covering a distance of over 58 km…