BENGALURU APARTMENTS

Godrej Properties buys 7-acre land in Bengaluru to build housing project worth Rs 1,200 cr

Godrej Properties has acquired a 7-acre land in Thanisandra, North Bengaluru, for developing a luxury housing project. The project is expected to yield around 9 lakh square feet of residential space, with an estimated revenue of Rs 1,200 crore. In a separate development, the company will also develop an 11-acre land parcel in Hinjewadi, Pune, focusing on group housing and high street retail, with a projected revenue of approximately Rs 1,800 crore.

IIMB’s Real Estate Research Initiative signs MoU with Bangalore Apartments’ Federation

The Real Estate Research Initiative (RERI) at IIM Bangalore has signed a Memorandum of Understanding (MoU) with the Bangalore Apartments’ Federation (BAF) – a collaboration which is aimed to benefit home buyers, home owners and resident welfare associations by promoting awareness, knowledge, education and engagement.

India to play five Tests, eight T20Is and three ODIs at home from September-February next year

India's senior men's team's schedule announced by BCCI includes five home Tests in World Test Championship calendar before facing Australia in a five-match series. They will play two Tests against Bangladesh, followed by a three-match series against New Zealand. Additionally, India will host eight T20Is and three ODIs, including a series against England in January-February. The home season starts on September 19, concluding with the Champions Trophy.

Former India cricketer David Johnson dies after falling from fourth floor of Bengaluru apartment

Former Indian cricketer David Johnson, a fast bowler, passed away at 52 after jumping from the fourth floor. Known for playing two Tests, his death has left the cricketing community shocked.

Sales of affordable homes fall 4% in Mumbai, Bengaluru and other top cities in Jan-Mar: PropEquity

Sales of affordable homes priced up to Rs 60 lakh each declined 4% in eight major cities to 61,121 units during January-March due to lower supply and higher demand for luxury apartments, as per PropEquity data.

Ignored Bengaluru woman leaves job, rejoins same startup after getting Ivy League degree at double pay

A woman's bold career move in Bengaluru has gone viral. Feeling undervalued at her startup job, she pursued an Ivy League education, enhancing her career prospects. Returning to her previous company, she secured a position with a salary more than double her previous earnings. Her story, shared by Adithya Venkatesan, has inspired many online, emphasizing the value of education and strategic career choices.

Manufacturing startup Ethereal Machines secures $13 million from Peak XV, Steadview Capital

Existing investors Blume Ventures, Enam Investments, and WestBridge Capital managing director Sandeep Singhal also join fundraise. Deeptech startup in India develops proprietary multi-axis computer numerical control (CNC) machines and uses them to produce precision parts for the aerospace, healthcare, and consumer electronics industries.

Bengaluru techie's post on Rs 80,000 rent view sparks viral trend

A Bengaluru-based software engineer, Ashish Jha, sparked a social media trend by sharing his apartment view and revealing his monthly rent of Rs 80,000. His post went viral, leading others to share their views and rent details, particularly from cities like Bengaluru and Mumbai. Jha explained his decision, prioritizing his time over money due to the convenience of minimizing his daily commute. Despite some drawbacks, such as living far from friends, Jha expressed no regrets about his choice.

Delhi turning into Bengaluru? A dive into national capital's water woes

Dehi water crisis: Delhi faces a worsening water crisis, with videos of residents struggling for water going viral. The blame game among politicians, including the AAP government and neighbouring states, has escalated. Despite efforts to increase water production, the city's infrastructure challenges and mismanagement persist. Groundwater overexploitation and inter-state disputes exacerbate the complex situation.

Realty Co Total Environment has raised Rs 1600 crore from top lenders

Total Environment has paid off approximately ₹2,070 crore of debt raised from top-tier financial institutions, driven by robust residential sales.

He boosted me when I struggled in IPL 2022: Kohli talks about special bond with DK

The 38-year-old, who joined Royal Challengers Bengaluru from Kolkata Knight Riders in 2022 for his second stint after 2015, played his last IPL match on Wednesday when RCB were eliminated by Rajasthan Royals in the playoffs.

PE Fund Mapletree acquires Bengaluru land for over Rs 1,900 crore

Adarsh Developers, a real estate development company, has recently completed the sale of a 41-acre land parcel in Bengaluru to Mapletree Investments, a private equity fund based in Singapore. The transaction, valued at over Rs 1,900 crore, forms a key aspect of Adarsh Developers' strategy to alleviate debt burdens. With an estimated development potential of approximately 7 million square feet, the land sale represents a significant step forward for both parties involved.

Shriram Properties signs JDA for a 4-acre land in Bengaluru

Shriram Properties Limited (SPL) has inked a joint development agreement for a 4-acre land parcel in Yelahanka, Bengaluru. The project, slated for completion in three years, will feature 270 apartments spanning 3.8 lakh square feet, with an estimated revenue surpassing Rs 250 crore. SPL aims to launch the project in the first half of the fiscal year.

Shriram Properties inks JV for 4-acre housing project; eyes over Rs 250 cr revenue

Shriram Properties Ltd has signed a Joint Development Agreement with a landowner to develop a 4-acre housing project in Bengaluru, with an estimated revenue potential of over Rs 250 crore. The project will consist of 270 apartments with a saleable area of 3.8 lakh square feet. The project is expected to be launched in the first half of the current financial year.

Six hospitals in Bengaluru receive 'hoax' bomb threat

Bengaluru Hospitals Bomb Threat: Several hospitals and schools in India, including six private hospitals in Bengaluru and several schools in Jaipur, received bomb threats via email today. The threats, later deemed hoaxes, triggered evacuations and extensive police searches. This comes after similar incidents in Delhi-NCR, raising concerns about security measures.

Is it better to shift to Mumbai, Pune due to Bengaluru's bad infra, water, weather? Entrepreneur's post sparks debate

Anant Sharma's social media post about Bengaluru's infrastructure sparked a debate on the city's future. His concerns, echoed by entrepreneurs like Srijan R Shetty and Brij Singh, highlight challenges faced by the Silicon Valley of India. As scorching heat exacerbates water scarcity, discussions on sustainability intensify. While some advocate for addressing issues, others consider alternatives, emphasizing the need for comprehensive solutions.

Delhi-NCR towers over other metros in luxe apartment demand

Delhi-NCR is leading a surge in demand for luxury apartments in India, with 61% of total launches in the March quarter in Delhi NCR. This trend is driven by buyers increasingly drawn to luxury apartments, with most projects selling out within days of launch. The demand for larger, more luxurious homes has attracted established developers, leading to a 34% share in the March quarter.

Tejasvi Surya highlights Centre’s hand in Bengaluru development little over two weeks before LS polls

Speaking with the residents of Sun City Apartments in the city, Surya praised the Modi-government, highlighting projects like the expansion of Namma Metro lines, the Bengaluru Suburban Rail Project and the Satellite Town Ring Road projects which would help ease traffic congestion in the city. “Over the past five years, numerous critical projects of the Central Government have been implemented in Bengaluru…Additionally, the Central Government has provided 1,500+ electric buses to the BMTC [Bengaluru Metropolitan Transport Corporation],” he said.

Bengaluru water crisis: Large apartment complexes face supply cut. Check who will be affected

The Bangalore Water Supply and Sewerage Board (BWSSB) has embarked on a strategy to conserve water by implementing supply cuts to big customers. This initiative aims to mitigate a portion of the daily water deficit faced by the city during the summer, which the state government estimates at around 500 MLD against a demand of 2,600 MLD.

Bengaluru launches recycled water supply scheme from today. Key things to know

The Bangalore Water Supply and Sewerage Board (BWSSB) is starting the distribution of recycled water for construction purposes from today to diminish reliance on borewells in the area. Developers have already requested 62 lakh liters of recycled water and the demand is expected to go up.

Mahindra Lifespaces acquires 9.4-acre land parcel in Bengaluru's Whitefield

"Bengaluru continues to remain a focus market for us. This (deal) aligns with our strategy to deepen our presence in India's thriving urban centers, particularly within our focus markets," said Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers.

Demand for bigger apartments continues to increase: Survey

Despite rising property prices, the demand for larger apartments is increasing. In 2023, 50% of respondents preferred 3BHK apartments, up from 42% the previous year. 38% preferred 2BHKs. 3BHKs are popular in Bengaluru, Chennai, Hyderabad, and Delhi-NCR, while in MMR, 44% prefer 2BHKs. Demand for 1BHK units is seen in MMR and Pune. The demand for luxury homes priced at Rs 1.5 crore has also increased. The most popular budget range is Rs 45-90 lakh.

Bengaluru CEO Suchana Seth taken to Goa apartment for recreating crime scene