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 […]
Bangalore Real Estate Company, through its Smart Bangalore Infrastructure initiative, has joined hands with the Karnataka State Government Employees Housing Co‑operative Society Ltd to launch a large-format smart housing project on the outskirts of Bengaluru, near Rajanakunte (Surdenpura). Announced in early July 2023, the project promises a blend of affordable housing, intelligent infrastructure and sustainable […]
Bengaluru, June 30, 2023 – India’s residential real estate market across the top eight cities experienced a mild cooldown in the April-June quarter, with home prices dipping by 1% and sales volumes remaining largely stagnant, according to the latest Housing Price-Tracker Report from CREDAI-Colliers-Liases Foras. Key Market Indicators Unsold inventory edged up marginally by 1% […]
Bengaluru’s rental market saw the sharpest spikes in the year leading up to April 2023, outpacing other major Indian cities amid post-pandemic demand surges. Reports from NoBroker and Anarock highlight hikes exceeding 30% in key areas like Whitefield and Sarjapur Road. This article recaps the trends as observed then, with visuals for clarity. Bengaluru Leads […]
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 […]
Strong rebound in Q4 2020 Seven key cities share the momentum Factors driving the revival New launches and inventory trend City highlights and outlook
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 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 […]
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 […]
