Bengaluru

Bengaluru

Bengaluru-headquartered Embassy Office Parks, a joint venture (JV) between private equity major Blackstone Group and realty developer Embassy Property Developments, is considering filing of the draft...
With resident welfare associations (RWAs) of Chennai coming under the purview of the new GST regime, those living in apartments within the city will need to pay an additional 3% towards flat...
As per a study by Colliers International India, residential property launches in India went down by 17% in the first half of 2017 as compared to H2 of 2016 because of implementation of the Real...
Residential real estate has always quite popular with investors, and its share in the total investments made so far this year validates this fact. Keeping its popularity intact, the segment attracted...
The debt-laden Lanco Group is in advanced stages of talks with southern builder DivyaSree Developers to sell its commercial office space business in a deal for Rs 1,000 cr.   The property on...
The Bangalore-based real estate company Prestige Estate Projects is planning to divest some of its business stakes in commercial and retail verticals. The funds raised from stake sale will be...
The IT hubs of Bengaluru and Hyderabad remained the most active office markets in India in the second quarter of 2017, despite constraints of supply, subdued business sentiments and recent layoffs by...
Consulting and auditing firm Deloitte is on the verge of signing a lease deal for 1.5 mln sqft of office space in the city. Negotiations with top commercial real estate builders for the same are on...
  The Bengaluru based firm, RMZ Corp  that is considered one of the leading owners, developers, operators and fund managers of first-class commercial real estate in India, is planning to list...
The Hyderabad unit of the Builders Association of India today demanded that all government projects finalised before June 30, 2017 should be kept outside of the purview of GST.  They have asked...
    Against a total of some 1,449 applications received till the first week of September, a meagre 78 real estate projects have been registered under RERA (Real Estate Regulation Act) in the...
  Godrej Properties, the real estate arm of the Godrej Group, has entered into a Development Management Agreement (DMA) with Manyata Developers of Bengaluru to develop a develop a 4.7 mln sqft...
  The inventory of commercial office space is almost down to half in the last six years, an indication of the regular demand from the corporates.  Not only is the office space being taken up...
  The city-based offices space developer RMZ Corp has plans afoot to develop around 10 mln sqft of Grade A office space in Hyderabad over the next 3-4 years, considering a steady demand for the...
  The Indian unit of US-headquartered largest Internet-based retailer in the world, Amazon is taking up 450,000 sqft of office space on lease, in Chennai, marking the company’s second such deal...
  The income-tax department on Thursday carried out raids and surveys at 34 premises of the Bengaluru-headquartered real estate developer Brigade Group.  Raids follow a number of high-volume...
  As per the new initiative under smart city project, all the properties in Bengaluru that have PID or Property Identification Number will soon get a digital id. The city roads will also get...
  The city-headquartered real estate company Century Real Estate is considering entering the affordable housing segment and planning to invest Rs 1,100 cr to develop 7,000 homes in the next five...
  Real estate developers in Hyderabad have requested the government to do something about the spiraling increase in prices of construction inputs like the cement and steel. They also want a real...
  Hoping to get lucky this time, the Debt Recovery Tribunal Bangalore has put the Kingfisher Airlines’ (KAL) erstwhile headquarters on the block for the sixth time. All of the five earlier...
  Builders Association of India has called for Prime Minister Narendra Modi's intervention to institutionalise their demands so that the government’s flagship infrastructure and housing...
  Sovereign investor GIC of Singapore has expressed its interest in buying a $200-million, or Rs 1,400 cr, stake in the tenanted office space unit of leading southern developer Prestige Estates...
  Singapore's Ascendas-Singbridge, a company known for its ability to develop world-class business parks, is in talks involving acquisition of the rights for one mln sqft of upcoming office...
  Come April 1 and the Bruhat Bengaluru Mahanagara Palike will go online with its process of taking building plan approval submissions for all new projects, commercial or...
  Realty developer Embassy Group is planning to invest about Rs 2,000 cr on the development of nearly 6 mln sqft commercial space at Embassy TechVillage in Bengaluru. This will be the next phase...
  The Bengaluru-based Embassy group wants to develop four new hotels in Bengaluru as part of its expansion plan in hospitality business. The realty firm will invest Rs 1,350 cr on this expansion...
  RMZ, known for development of business parks, has struck a nearly $1-billion deal to buy back shares held by Qatar Investment Authority (QIA) and Baring Private Equity Partners, thwarting a...
  Multinationals planning to expand their footprints are focusing on Bengaluru as the preferred city for office expansion in the Asia Pacific region, a recent survey has revealed.   As per...
  CoWrks, a key player in the shared space segment, has acquired 1 lakh sqft space in the Hi-Tec City of Hyderabad on lease. The company already has 1.5 lakh sqft space in the city. It will be...
  Smartworks, claimed by the company to be India’s fastest growing network of shared work spaces, has leased 3 lakh sqft of workspace in Mapletree’s Global Technology Park situated along the...
  City-based realty company Embassy Group has plans afoot to invest around Rs 1,000 cr to develop its mid-income residential project Embassy Edge. This project will mark the group’s entry into...
  The city-based realty firm Embassy group has plan afoot to launch its real estate investment trust (REIT) this year to raise about USD 1 billion as part of its strategy to monetise...
  In a move to give a fillip to the sales of its flats in Bengaluru, the Karnataka Housing Board has drastically reduced the amount of deposit amount that needs to be paid by flat buyers.  The...
  Booming business along the IT corridor together with development of the Metro network has led to a significant rise in residential rentals in the city of Hyderabad. Even though western belt...
  The big Indian business conglomerate Shapoorji Pallonji Group and global insurance major Allianz have come together to acquire WaveRock, a 2.3 mln sqft office park in Hyderabad, from New...
  The Blackstone Group, the world’s largest real estate private equity firm, is looking at listing its own marquee income-producing commercial assets in India and office properties jointly...
  City-based realty firm Embassy Group has acknowledged that it has signed an agreement with global financial services firm JP Morgan to provide on lease 1.1 mln sqft premium office space in its...
  Due to continuing anomalies in the GST structure, the Centre’s decision to slash GST from 12% to 8% for affordable housing projects is not benefitting homebuyers fully as the Centre might...
  Coming down on encroachments, Greater Hyderabad civic body has identified a total of 40 identified encroachments to be razed at Afzal Sagar Nala in Nampally area of Hyderabad. Fourteen of these...
  The Bruhat Bengaluru Mahanagara Palike (BBMP) on Saturday razed around 400 houses at Kariyammana Agrahara near Bellandur because all of these settlements were deemed to be...
  Hyderabad has been witness to an exceptional increase in residential real estate activity with appreciating capital values and increase in retail and office space absorption during...
¬† Owners of property with ‚ÄėB‚Äô khatas can rejoice in the fact that the Karnataka government is working on a scheme to regularise these properties which come under corporation limits. To this...
  Some of the most prominent global funds like the GIC of Singapore, Temasek-owned Mapletree and Blackstone Group are competing with each other to acquire one of the oldest technology office...
  Singapore’s sovereign wealth fund GIC and Temasek-owned real estate asset manager Mapletree Investment have emerged as the front runners in the race to acquire Chennai’s information...
  India’s retail segment is making progress like never before, aided by rapid urbanisation, digitisation, rising disposable incomes and lifestyle changes that are providing a big boost to the...
  Xander Investment Management, the private equity real estate wing of global investment firm, The Xander Group, has entered into an agreement with Hyderabad-based Phoenix Group to make an...
  The British multinational alcoholic beverages company Diageo Plc, which bought a controlling stake in Vijay Mallya’s United Spirits, is looking to sell 30,000 sqft of prime office space in...
  BHIVE Workspace, claiming to be one of the largest coworking spaces in Bengaluru, has made its entry into the business of renting of commercial office space through zero renting...
  Mapletree Investments Pte Ltd, a real estate development, investment and capital management company headquartered in Singapore, has emerged as the highest bidder in the race to acquire IT park...
  In order to promote the growth of  IT sector in Kerala, the Abu Dhabi-based Lulu group is planning to invest Rs 2400 cr on the development of 50 lakh sqft of IT space in Kochi.   The...
  In order to promote the construction of more eco-friendly buildings, the Karnataka state government has proposed to provide an array of incentives, including bringing down the property tax and...
  The city-based real estate major Embassy Group is planning to focus on mid-income and affordable homes, instead of uber-luxury, to drive growth.   “The company has decided not to build...
  In the face of mounting pressure to initiate new civic projects coupled with lack of sufficient avenues to raise funds, the Bruhat Bengaluru Mahanagara Palike (BBMP) has mooted a 25% hike in...
  Sales in the residential housing segment in Hyderabad has gone up by 277% in the seven major markets since January to September 2018 as compared to the same period last year.    As per...
  The December 6 order of the National Green Tribunal (NGT) on lakes has created a state of confusion among homebuyers and builders by laying down new but unclear buffer zone norms.  Issued with...
  Indian office market is likely to touch 39 mln sqft of net absorption by 2020 on the back of a strong pipeline and lower vacancy across top commercial markets in the country, as per a recent...