Bengaluru’s real estate market witnesses a buyer-friendly shift today as the Karnataka government rolls out new tiered stamp duty rates for property sales, effective October 1, 2023. Properties valued up to ₹20 lakh now attract just 2% stamp duty, 3% for ₹21-45 lakh slabs, and 5% above ₹45 lakh, all calculated on the higher of […]
Birla Trimaya’s Phase 1 in North Bengaluru sold out completely within 36 hours of launch, generating Rs 500 crore in bookings. Project Overview Birla Estates, the real estate arm of Aditya Birla Group and a subsidiary of Century Textiles, launched Phase 1 of Birla Trimaya on September 22, 2023, in Devanahalli, North Bengaluru. The project […]
Hyderabad’s residential rental market has seen sharp hikes since 2022, but its overall real estate trajectory and market structure differ in important ways from Bengaluru, even as analysts say it is steadily narrowing the gap. Headline and dateline MC Explains | With rentals in Hyderabad hitting the roof, is the city’s real estate sector going […]
Century Real Estate is planning a large integrated business park of about 7 million sq ft in north Bengaluru, anchored by office space and complemented by residential and retail components, with development expected over 5–7 years and part of a broader ₹3,400 crore investment pipeline in the city. Key project highlights Investment and revenue plans […]
Bengaluru’s real estate market showed strong resurgence in August 2023, part of Q3 trends reflecting post-COVID recovery with robust sales growth. Residential sales hit 47,100 units in the first nine months of 2023, surpassing full-year 2022 figures of 49,500 units. Q3 2023 Sales Surge Bengaluru recorded 16,400 residential units sold in Q3 2023 (July-September), up […]
The Enforcement Directorate’s attachment of over Rs 300 crore worth of assets of Bengaluru-based Mantri Developers marked one of the most high-profile real estate crackdowns impacting thousands of homebuyers in the city’s apartment market. The action, rooted in alleged diversion of homebuyers’ funds and prolonged project delays, continues to serve as a cautionary tale for […]
Bengaluru’s startup founders and IT professionals accelerated their shift from stocks and gold into real estate when apartment and plot prices corrected in select micro-markets, opening a rare buying window in an otherwise expensive city. Lower ticket sizes, builder discounts and pandemic-driven lifestyle changes pushed many of them to close deals in 2023, especially in […]
Tata Realty and Infrastructure Ltd (TRIL), the real estate arm of the Tata Group, acquired a 25.3-acre land parcel in Bengaluru’s Doddanekundi near Whitefield in August 2023 for over Rs 986 crore. This deal, executed through TRIL’s wholly-owned subsidiaries TRIL Bengaluru Real Estate Five Ltd and TRIL Bengaluru Real Estate Six Ltd, marked one of […]
Bengaluru residents faced steep rental hikes in August 2023, prompting many to weigh buying homes against continued renting. Rents surged over 30% in key areas like Whitefield and Sarjapur due to post-pandemic demand outpacing supply. Rental Surge Drivers Demand-supply gaps fueled the crisis as IT professionals returned to offices after COVID-19 lockdowns halted construction in […]
Lack of parking facilities depreciate real-estate assets in Bengaluru. This issue prominently affects property values and rentals across prime areas. Property Value Drops Rental and capital values for apartments without parking spaces fell by 15-20 percent in Bengaluru. A 2BHK with parking commanded Rs 40,000 monthly rent, compared to Rs 18,000-22,000 without it. Properties priced […]
