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October 2007 - Posts

Even during the high-voltage political drama, the men-in-power took time off to denotify a whopping 170-odd acres of land worth hundreds of crores in the city in less than 10 days. The speed and the manner with which the notified lands for various developmental Read More...
In a decision that could have far-reaching consequences, the Bangalore Development Authority (BDA) on Thursday informed the Karnataka High Court that it would allot small dimension sites (20 x 30 and 30 x 40) to all those who had made part payments for Read More...
Property owners in Bangalore City will have to switch over to the new method of property tax assessment — Capital Value based assessment System (CVS) — from the next financial year (from April 1, 2008) instead of the existing Annual Rentable Read More...
Infotech Enterprises Ltd has launched its global technology centre in Bangalore. The new facility was inaugurated by Mr. Louis R Chenevert, President and COO of United Technologies Corporation (UTC). The new five-storied facility was built on two basement Read More...
There is a school of thought that says that if you are going to get something done properly, then you have to do it yourself. It is a principle at the heart of many a great business and it is one that Ramakrishna Karuturi knows well, one that this week Read More...
The ambitious Sakrama — building regularisation scheme — may have come as a breather for owners of buildings with violations. But till it gets off the ground and cases are settled, the BBMP has decided to milch the cow. With the Capital Value Read More...
Come November, the Metro Rail project will enter a more visible phase. The Bangalore Metro Rail Corporation (BMRC) will begin erecting piers above the ground level on M G Road. However, the work along Old Madras Road is bound to suffer a delay of four Read More...
Bangalore-based Royal Orchid Hotels (ROHL) is expected to put hold on the launch of its first budget property in the city, located just off the arterial MG Road, reports Business Standard. ROHL earlier announced plans to set up 50 budget hotels, under Read More...
Whether you are planning to buy your first home or sell your existing home, contact us today! We'd love to hear from you! The controversial Bangalore Mysore Infrastructure Corridor (BMIC) project is likely to move forward again.Chairman and Managing Read More...
ETA Star plans to launch new projects in Bangalore next year as it grows its presence in the Indian property market. Executive director Abid Junaid said the company will use a land bank of 300 acres on the outskirts of Bangalore for the planned mixed-use Read More...
Bangalore based real estate developer, Golden Gate Properties, is believed to be close to a sale of a 20%-30% stake in the company. Leading financial institutions like ABN Amro, Credit Suisse and Deutsche Bank are reported to be in the race for picking Read More...
Tax rate for vacant sites will double; for individual residences it will rise marginally. The new system is applicable for all new and un-assessed properties with immediate effect. Unlike in other parts of State, CVS implementation was delayed in Bangalore. Read More...
New properties and unassessed buildings will come under the new property tax regime — Capital Value System (CVS). However, existing tax-payers will continue under the old Self-Assessment Scheme (SAS). The BBMP has now opened up its second half-yearly Read More...
The Karnataka government has awarded the 9,187-acre Bidadi Knowledge City, which will be positioned as New Bangalore, to the country’s largest realty firm DLF Ltd. This project is three times the size of DLF City, the realty firm’s flagship Read More...
Namma Mane - a 3 day Property exhibition organised by HDFC Bank was inaugurated today at Kanteerava Indoor Stadium. The Event will be there till Sunday( 7th October 2007), the entry is free and buyers can get to choose from about 150 projects exhibited Read More...
Going by this News which appeared in CNN Money , it looks there is something really BIG waiting for Bangaloreans, do you have any information about this, pleas share with us out here, just enter you name and put all that you have to say about this. any Read More...
Sobha Developers Ltd has announced that the Company has entered in to a Joint Development Agreement with QVC Realty Pvt Ltd and Chintels India Ltd, to develop an integrated township spread over 192 Acres in Gurgaon, Haryana. This is an addition to the Read More...
In4velocity Systems, a Bangalore-based real estate and property development software firm, has bagged a lucrative deal valued at Rs 30 million from Omniyat Properties of Dubai. As part of the Omniyat Holdings group, Omniyat Properties is a privately held Read More...