03 Sep 2025

IHG Hotels & Resorts announced that it had entered into a management agreement with Hotel Chetan International to develop two new properties in Bengaluru's KIADB Aerospace Park. The hotels, comprising a Crowne Plaza and a Holiday Inn Express, will collectively add more than 420 keys to India's hospitality market when they open in the first quarter of 2028. The development underscores the group's focus on strengthening its presence in India, where it already operates 51 hotels and maintains a substantial pipeline of new projects.Read more

02 Sep 2025

The National Housing Bank's latest housing price index shows residential values rising in 45 of 50 cities, with Bengaluru recording the steepest annual gains driven by its strong IT and economic base. Chennai, Ahmedabad, Pune, Mumbai, and Kolkata also posted solid growth, while only five cities saw declines, led by Howrah. On a composite level, prices rose 5.7% year-on-year, slightly slower than last year but reflecting market stabilisation after rapid increases. Quarterly data also showed continued growth, supported by a nearly 100-basis-point cut in home-loan rates earlier this year. The report highlights resilient demand in metro markets despite uneven performance in smaller cities.Read more

01 Sep 2025

Sanjeevini Group announced the launch of its luxury housing project 'The Adwaith' in Bengaluru, spread across 8.3 acres at Gunjur in the city's eastern corridor. The development comprises 668 units with a built-up area of 17 lakh sq ft, priced from INR 1.7 crore upwards. The firm expects sales worth around INR 1,200 crore from the project, which is being undertaken under a joint development model. With completion slated in about 30 months, the project is positioned in a growing micromarket with strong connectivity.Read more

29 Aug 2025

Tata Consultancy Services (TCS) has leased 1.4 million sq ft in Electronic City, Bengaluru, on a 15-year lease at 360 Business Park, developed by Labzone Electronics City Pvt Ltd. The INR 2,130 crore deal will be executed in two phases starting April 1, 2026, and August 1, 2026. Terms include monthly rent of INR 9.31 crore, 12% escalation every three years, and a security deposit of INR 112 crore. The space gives TCS a large, contiguous footprint as it consolidates operations and expands delivery capacity. The transaction is part of a INR 4,500 crore expansion across Kolkata, Kochi, and Hyderabad, amid strong office absorption led by GCCs and IT majors.Read more

27 Aug 2025

The Bangalore Development Authority (BDA) has initiated a global tender for the Revised Master Plan 2041 (RMP-2041) to address Bengaluru's growing urban challenges. This comes after the previous RMP-2031 was shelved amid criticism over scientific and planning gaps. The new plan focuses on managing population growth, urban sprawl, traffic congestion, and sustainable development. A high-resolution 3D drone survey is underway, covering 1,240 square kilometers, to provide detailed spatial insights. The plan emphasizes transit-oriented development and better infrastructure alignment, with completion targeted by mid-2026.Read more

25 Aug 2025

The Greater Bengaluru Authority (GBA) is preparing to start operations early next month, marking the official replacement of the Bruhat Bengaluru Mahanagara Palike (BBMP). Bengaluru will be divided into five municipal corporations East, West, North, South, and Central with offices assigned from existing government properties. BBMP headquarters will become the Chief Minister's office as GBA Chairperson, and the Urban Development Minister will operate from the former Deputy Mayor's office. Revenue, liabilities, staff, and administrative zones are being redistributed across the new corporations, guided by draft orders and public feedback submitted recently, ensuring a smooth transition.Read more

24 Aug 2025

US-based semiconductor firm Microchip Technology has acquired 1.72 lakh sq ft of office space in Whitefield,Bengaluru for INR 176 crore. The purchase, which includes two commercial blocks from Ascendum Solutions India Pvt. Ltd., marks one of the largest office space buyouts in the city this quarter. The deal, valued at approximately INR 10,230 per sq ft, underscores a growing trend of global tech companies consolidating and owning assets in India to support their long-term growth and expand their R&D footprint.Read more

21 Aug 2025

Sattva Group has partnered with Aurm to introduce bank-grade vaults within luxury residential projects, creating what they call a "legacy layer" for secure, insured asset storage at home. With India's gold holdings exceeding 25,000 tonnes and bank lockers often oversubscribed, the initiative offers residents 24x7 biometric access, robotic retrieval, and insurance cover up to INR 1 crore per locker. Aurm has already installed 5,000+ lockers across 20 communities, maintaining high occupancy. The first Sattva project to feature the technology will be Vasanta Skye near Bengaluru airport, with more launches planned.Read more

19 Aug 2025

The Bangalore Development Authority (BDA) is set to launch a cutting-edge 3D online platform aimed at streamlining the home-buying process in Bengaluru. This initiative will allow prospective buyers to virtually tour flats and villas, access detailed specifications, and complete the entire purchase process digitally eliminating the need for multiple office visits. The platform is expected to go live by the end of the month and will include features such as real-time updates, payment schedules, and interest-free registration for up to 90 days.Read more

18 Aug 2025

Apple has secured one of Bengaluru's largest single-tenant office leases in a deal valued at over INR 1,000 crore. The technology giant has signed a 10-year lease for approximately 2.7 lakh sq ft of office space in the Embassy Zenith project. This strategic investment in a new corporate hub in Bengaluru runs parallel to its aggressive expansion in manufacturing and retail, positioning India as a key pillar in Apple's global ecosystem.Read more

12 Aug 2025

The Prime Minister inaugurated Bengaluru's Yellow Line Metro, a 19 km stretch from RV Road to Bommasandra. The INR 7,160 crore project adds 16 stations and expands the city's operational metro network to over 96 km. Officials said the corridor will ease pressure on Hosur Road, Silk Board and Electronics City, with train intervals starting at 25 minutes and planned to be reduced to 10 minutes.Read more

09 Aug 2025

Sumadhura Group has leased five lakh square feet of commercial space at its Capitol Towers development in Whitefield, Bengaluru. The space has been taken up by corporate and retail tenants, including firms from the IT, engineering, and AI sectors, as well as a mix of F&B and wellness brands. The project is LEED Gold certified and expected to generate INR 50 crore in annual revenue. This leasing success underscores Bengaluru's continued dominance in India's Grade A+ office market and reflects growing demand for integrated commercial developments.Read more

08 Aug 2025

The Karnataka government has introduced new building setback norms for Bengaluru, which came into effect on August 1st.The new rules, part of the Revised Master Plan 2015, aim to provide clear guidelines on the minimum open space required around a building. The regulations specify setback requirements based on plot size and building height, and also provide clarity on the height of stilt parking. This move is designed to address contentious issues that have arisen from the city's rapid vertical growth and to streamline the construction and approval process for new buildings.Read more

07 Aug 2025

Bengaluru-based real estate developer Assetz has acquired an 11.5-acre land parcel in East Bengaluru, located on the Old Madras Road (OMR)/Hoskote Highway. The company plans to develop a new luxury housing project with a gross development value (GDV) of INR 400 crore on the site. This project, which will be a joint development with Vanshee Builders and Developers, is part of Assetz's strategy to expand its portfolio in the city's key growth corridors.Read more

06 Aug 2025

Prime Minister Shri Narendra Modi is scheduled to inaugurate the Yellow Line of Bengaluru's Namma Metro on August 10. The 19.15-kilometer corridor, connecting R.V. Road to Bommasandra is expected to ease traffic on a busy stretch of the city and provide a major transport link to the Electronic City IT hub. On the same day, the Prime Minister will also lay the foundation stone for the new 44.65-kilometer Phase-3 expansion. This dual launch, which will expand Bengaluru's metro network to over 90 kilometers, is part of a larger push to address the city's traffic challenges and strengthen its public transport system.Read more

06 Aug 2025

BBMP has imposed a fine of INR 1 lakh on a property owner in Basavanagudi for building a ramp that fully blocked the footpath, forcing pedestrians onto the road. The ramp was part of an under-construction building on MN Krishna Rao Road. Following an inspection, three BBMP officials from the Mahalakshmipuram sub-division were suspended for failing to act on earlier complaints related to the obstruction. This action comes as part of BBMP's ongoing efforts to prevent encroachment and ensure public pathways remain accessible and safe.Read more

05 Aug 2025

In Bengaluru, several flat owners received inflated property tax demands due to errors in their e-khata applications. Staff at BangaloreOne centres reportedly entered identical figures for built-up and parking areas, ignoring actual measurements in sale deeds. As a result, Bruhat Bengaluru Mahanagara Palike issued backdated tax notices running into tens of thousands per year. Homeowners said the system failed to verify entries properly and cited an inoperative online objection portal during the response period. The incident highlights the need for stronger quality checks, document-based validation, and a functional redressal process to avoid penalising residents for administrative lapses in property data handling.Read more

31 Jul 2025

The Bruhat Bengaluru Mahanagara Palike uncovered around 3.7 lakh properties in the city with unpaid property taxes amounting to INR 700-800 crore. Despite reminders and auction notices issued for 6,000-7,000 properties, compliance remains poor. Authorities are now blocking e-khata accounts to stop property transactions until dues are cleared. This enforcement drive is expected to stretch over several months, aiming to recover dues and deter further evasion.Read more

31 Jul 2025

Bengaluru Airport City Ltd (BACL), a subsidiary of Bangalore International Airport Ltd, has joined hands with Prestige Group to establish a large-scale, integrated convention and exhibition centre within the airport premises. Designed to host global events, the venue will include an 8,000-seat Convention and Exhibition Centre, a luxury hotel under the St. Regis brand, a performing arts theatre, premium office spaces, and curated food and beverage experiences. The collaboration highlights BACL's commitment to enhancing global connectivity and positioning Bengaluru as a leading MICE destination.Read more

Mr. Nagabhushana Reddy, Founder & Managing Director, NBR Group

31 Jul 2025

Luxury housing in Bengaluru is undergoing a quiet transformation, moving away from traditional notions of scale and opulence to embrace wellness-driven, tech-integrated, and emotionally resonant design. Fuelled by the preferences of affluent buyers including global professionals and tech entrepreneurs, high-end homes are now being crafted around nature-inspired architecture, multifunctional interiors, and smart automation. Reports indicate that India's luxury housing market is projected to reach INR 124.20 billion by 2030, with Bengaluru positioned as a key growth centre.Read more