Bangalore civic body razes 400 houses in Bellandur
August 20, 2018

The Bruhat Bengaluru Mahanagara Palike (BBMP) demolished around 400 unauthorised houses, also identified as encroachments, situated at Kariyammana Agrahara near Bellandur. According to the residents, the authority has not issued a prior notice regarding the demolition drive. Some of the residents in the area had been staying there for around eight years and the demolition came as a sudden surprise. Several temporary constructions were brought to ground, leaving as many as 1500 people homeless. The residents of these areas hailed from Assam, Uttar Pradesh and West Bengal and did allied jobs such as house maids, drivers, waste pickers and security…

Bangalore-Mysore highway to be completed in 30 months
August 10, 2018

Six-laning of Bangalore-Nidagatta-Mysore road corridor is likely to be completed in next 30 months. Mansukh L Mandaviya, Minister of State for Road Transport and Highways, has informed about the same. In March, the National Highways Authority of India (NHAI) awarded the development of the proposed stretch in two packages. Six laning of Bangalore-Nidagatta section will run 56.2 km and will incur Rs 3447 crore. The project has been awarded to Dilip Buildcon Limited. The 61 km Nidagatta-Mysore section will utilise a total sum of Rs 2765 crore. On the proposed stretch, five bypasses have been identified at Bidadi, Ramanagara &…

Karnataka to develop 60,000 flats under PMAY within a year
August 10, 2018

The Karnataka government will develop a total of 60,000 affordable flats in various urban centres of the State under the Pradhan Mantri Awas Yojana (PMAY) in the next 12 months. The project has been rechristened as Chief Minister’s housing project. Officials have shared that about 37 percent of the developed houses under the scheme would be reserved for different districts of North Karnataka. UT Khader, Minister for Housing and Urban Development, Karnataka, has informed that around 22,000 flats would be reserved. Under the housing scheme, the Central government and State government will provide financial aid of 30 percent each for…

Press Release

Sumadhura Group organises ‘Waste-to-Energy’ drive
August 9, 2018

Sumadhura Group organises ‘Waste-to-Energy’ drive2nd Aug 2018 Bangalore-based real estate developer Sumadhura Group, recently organised a ‘Waste-to-Energy’ drive near Sumadhura Eden Garden project. The initiative is a part of the company’s Corporate Social Responsibility (CSR) under which, it aims to convert nearly 3 tonnes of wet-waste into reusable energy. The group is committed towards eliminating waste, and generating around 420 units of electricity every day, which adds up to 1,50,000 units every year.

Pending infra projects in Bangalore freed of land acquisition woes
August 8, 2018

As many as ten infrastructure projects in Bangalore, which were delayed for several years owing to issues pertaining to acquisition of defence land, are set to take-off. The Defence Ministry will hand over the land to the concerned authorities for the projects in exchange for land of equal value elsewhere, as decided in a meeting between Defence Minister Nirmala Sitaraman, Chief Minister, HD Kumaraswamy and top armed forces and the State government officials. Around 45,165.84 sq m of land, estimated to cost around Rs 282.09 crore, will be handed over in case of eight projects to the State government. Approval…

Karnataka RERA: List of approved projects and agents
August 6, 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 August 06, 2018) available on the Karnataka RERA website, about 1,255 realty agents have applied for registration under the Act. Further, applications of 2,435 projects have been submitted to the portal. Of these, 1,970 projects have been successfully registered with the regulatory authority. Meanwhile, a…

BMTC urges a tax waiver of Rs 15 lakh
August 4, 2018

The Bangalore Metropolitan Transport Corporation (BMTC), the public transport utility service, has urged the State government to exempt it from paying the property tax. The demand has come after the Bruhat Bangalore Mahanagara Palike (BBMP) exempted the Bangalore Water Supply and Sewerage Board (BWSSB) from paying property taxes. The charge has also been waived for a few schools and the Kalyana mantaps in the city, rendering hope to the corporation of getting their taxes relinquished.  The BMTC is levied a property tax close to Rs five crore every year. The cash crunch at the corporation has led to non-payment of taxes to the BBMP since 2016. The outstanding amount, excluding the penalty and interest, has reached up to Rs 15 crore. The corporation is prepared…

Karnataka RERA shares a list of projects under investigation
August 1, 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 958.  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…

Karnataka to develop six elevated corridors by 2022
July 23, 2018

The Karnataka government has announced the development of six inter-connected elevated corridors in order to ease traffic woes, especially in Bangalore. To be developed at an estimated cost of Rs 15,825 crore, these elevated corridors would be completed in the next four years. HD Kumaraswamy, Karnataka Chief Minister, has stated that the recent proposals have been made to improve connectivity in the State. All proposals would be developed under hybrid annuity through Karnataka Road Development Corporation Ltd (KRDCL). For the current fiscal year, a total of Rs 1000 crore has been fixed for the development of proposed infrastructure projects. A…

Bangalore metro Phase-II hits another hurdle
July 21, 2018

Construction work on the underground corridor of Bangalore metro Phase-II has been hit by another issue, this time, related to approval from the Defence department. The land needed to construct three metro stations falls under the ambit of Defence department, and till the time it is transferred to the Bangalore Metro Rail Corporation (BMRC), construction work on the Nagawara-Gottigere Line cannot commence. It is to be noted that work on the underground stretch of metro Phase-I also got delayed owing to malfunctioning of Tunnel Boring Machines and uncertain rock soil situation. The corridor is of vital importance since it will…

Karnataka to introduce single window clearance system for building approvals
July 20, 2018

The Karnataka government has announced a single-window clearance system for building approvals and other real estate permissions. With this, all builders would be able to get approvals for building plans, layout plans and change of land use online. UT Khader, Urban Development and Housing Minister, Karnataka, has informed that all residential units covering an area of 1,200 sq ft will get instant building approval without any delay if the plan has been designed as per the building norms and zonal regulations. Experts believe that the move will speed up the construction process and uplift the overall status of the real…

Karnataka directs NHAI to complete highway projects within a year
July 13, 2018

The Karnataka government has urged National Highway Authority of India (NHAI) to develop all the ongoing highway projects across the State within a period of one year. HD Kumaraswamy, Chief Minister, Karnataka, has stated that there are several ongoing infrastructure projects covering about 4,000 km National Highways in Karnataka. The estimated cost of all ongoing projects is Rs 37,000 crore. Officials have shared that the directive was issued considering the snail-paced progress of the all grounded highway projects. These are some of the ongoing highway projects in Karnataka. NH 275 - Bangalore to Mysore - 117 Km NH 17 -…

Bangalore civic body to attempt micro-surfacing on Cubbon Road
June 30, 2018

In a first, the Bruhat Bengaluru Mahanagara Palike (BBMP) has chosen a 2-km-long stretch of Cubbon road to try out micro-surfacing, a technique which makes roads waterproof. The innovative technology has been widely implemented in many foreign countries, but it is still new to India. Indian cities like Chandigarh and Chennai and Hyderabad have successfully tried this technique in the last few years. It is to be noted that BBMP had associated with Hindustan Colas Ltd (Hincol) last year to try out this technique on Ballari Road as a pilot project. Hincol, however, withdraw from the project since it was…

Press Release

Sumadhura Group appoints MS Dhoni as brand ambassador
June 26, 2018

Sumadhura Group appoints MS Dhoni as brand ambassador25th June 2018 South India-based real estate developer, Sumadhura Group has roped in MS Dhoni as its brand ambassador. The builder is a member of CREDAI, Bangalore and Hyderabad and has a stronghold in these cities, having developed 30 projects in the last 20 years. The group is currently engaged in under-construction residential projects spanning 5 million sq ft while 8.2 million sq ft of space is under planning.

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…

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…

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. 

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