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 […]
Bengaluru, August 2023: Bengaluru’s residential real estate market continues to inspire confidence among homebuyers and investors, with industry expert Ashwinder R Singh arguing that the city remains one of India’s most resilient housing destinations despite recent quarterly fluctuations in sales. Market outlook and demand drivers Singh, CEO – Residential at Bhartiya Urban in Bengaluru and […]
Union Finance Minister Nirmala Sitharaman laid the foundation stone for the Adichanallur museum in August 2023, marking a key step in preserving ancient Iron Age artifacts from this Tamil Nadu site. Event Overview The ceremony occurred on August 5, 2023, at Adichanallur, an Iron Age burial site along the Tamirabarani River in Thoothukudi district. This […]
Popular Upcoming Areas In Bengaluru For Investment Investing in Bengaluru presents an enticing opportunity due to its thriving economy and robust real estate market. The city has established itself as a global IT and technology hub, attracting leading companies and talented professionals. With a steady influx of job opportunities and a growing population, the demand […]
Real estate demand in southern cities like Bengaluru, Chennai, and Hyderabad showed resilience in early 2023, contrasting with challenges in Mumbai influenced by macroeconomic pressures such as rising interest rates. A Knight Frank report for January-March 2023 highlighted stable national residential sales at 79,126 units, up 1% year-over-year, driven by mid-to-premium segments. Southern Cities Lead […]
Bengaluru and Hyderabad were identified among India’s most expensive residential markets in an affordability study that showed rising EMI burdens and declining homebuyer affordability in key metros. Bengaluru ranked as the fourth most expensive real estate market, while Mumbai and Hyderabad were found to be the costliest, with Delhi-NCR also featuring prominently among the high-cost […]
The article can focus on how major “twin city” transport corridors in and around Bengaluru are transforming fringe locations into high‑growth real estate belts, using the Bengaluru–Mysuru Expressway as the primary reference and linking it to other emerging twin‑city narratives in India. Context: Twin city corridors Bengaluru–Mysuru Expressway impact Land values and development patterns Social […]
Over 25 lakh property owners in Bengaluru were likely to face a steep hike in property tax in 2023–24, with the Bruhat Bengaluru Mahanagara Palike (BBMP) pushing a proposal to raise rates to boost its revenues. The move was aimed at closing the civic body’s funding gap for infrastructure and services, but sparked concern among […]
Bengaluru, July 2023: Bengaluru has further cemented its reputation as India’s technology capital after being ranked second only to Beijing among top tech hubs in the Asia Pacific region, according to a global study of 115 cities. The report underscores the city’s growing clout in technology, office real estate and talent, placing it ahead of […]
