Bengaluru Leads The Way As Q1 2023 Sees Robust Growth In Indian Housing Market

Bengaluru Leads The Way As Q1 2023 Sees Robust Growth In Indian Housing Market

Bengaluru emerged as the clear frontrunner of India’s housing boom in Q1 2023, leading sales volumes among the top seven cities as the residential market hit a 15‑year high in quarterly performance. Robust end‑user demand, resilient IT-led employment and improving affordability helped the city consolidate its position as the country’s most stable and absorption‑driven housing […]

Brigade Group Announces Q4 FY20 and FY20 Financial Results

Brigade Group Announces Q4 FY20 and FY20 Financial Results

Brigade Group, officially Brigade Enterprises Limited, announced its Q4 FY20 and full-year FY20 financial results in June 2020, revealing significant challenges amid the early COVID-19 disruptions. The Bengaluru-based real estate developer reported a sharp 115% drop in Q4 net profit to Rs 11 crore, primarily due to accounting standard changes under Ind AS 115. Despite […]

Coliving, Coworking & Student Housing Give 7-11% Higher Rental Yields- CII-ANAROCK Report

Coliving, Coworking & Student Housing Give 7-11% Higher Rental Yields- CII-ANAROCK Report

Coliving, coworking and student housing emerged as “sunshine” real estate asset classes in early 2020, delivering rental yields of about 7–11 percent versus the 3 percent national average from traditional residential formats. A CII–ANAROCK report titled Emerging Asset Classes: The Future Looks Promising highlighted how these models were reshaping India’s rental market and attracting both […]

BDA cannot cancel site allotment unilaterally: Karnataka High Court

BDA cannot cancel site allotment unilaterally: Karnataka High Court

The Karnataka High Court held that the Bangalore Development Authority (BDA) cannot unilaterally cancel a site allotment or registered sale deed once a site has been validly allotted and conveyed to an allottee or subsequent purchaser. Any such cancellation, without notice and due process, is ab initio void and unenforceable in law.​ Background and case […]