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The IT City's residential real estate price has touched a new peak: Rs 33,000 per sqft. A recent apartment sale at Kingfisher Towers, an ultra highend residential project coming up on Vittal Mallya Road, recorded this rate. It's said to be the highest residential capital value in the city's history. Kingfisher Towers, 34 storeys high, ...

The wait for metro rail in the country's IT hub Bangalore is finally over! Union Urban Development Minister Kamal Nath inaugurated the service which will open to public from 4 p.m. Thursday. The Metro service will run between 6 a.m. and 10 p.m.  Chief Minister D.V. Sadananda Gowda, several state ministers, senior Bharatiya Janata Party ...

The now-on, now-off High Speed Rail Link (HSRL) project connecting the city to the Bengaluru International Airport (BIA) is finally gathering momentum. The Bangalore Airport Rail Link Ltd (BARL), a special purpose vehicle created by the government to see its implementation, will kickstart the project with land acquisition this month. BARL is all ...

An award for the citizens, by the citizens was unveiled in Bangalore on Tuesday. The 'Namma Bengaluru' awards is being dubbed as a 'Thank You' honour from the citizens for those who contribute towards the growth of Bangalore city.  Constituted under the aegis of the Namma Bengaluru Award (NBA) Trust, the awards will be given ...

Maytas Properties, a closely-held firm run by the son of disgraced Satyam founder B Ramalinga Raju, has tied up with Bangalore-based Shriram Properties to develop a prime property in Chennai. It hopes to get loans from banks by pledging the sale proceeds of the developed property as collateral and raise money from banks to complete the upmarket ...

[photo:listing:1955071:1]Here is a good news to all those poor farmers and NRI Investors: Land grabbers, many of whom went scotfree all this while, may now end up behind bars for laying their hands on prime government land.The jinxed A T Ramaswamy committee report on encroachments will come to life again. An exclusive Act to deal with land ...

On an evening where crores were bandied around with abandon despite the current recession, real estate builder Brigade Group emerged as the highest bidder and bagged the ownership rights of the most coveted team in the Karnataka Premier League (KPL) — the Bangalore Urban team. The Brigade Group won the bid at Rs. 7.2 crore payable over a ...

Provident Housing, a fully-owned subsidiary of the Bangalore-based Puravankara Group, is learnt to have bought a 62-acre land parcel in the outskirts of Bangalore. The deal is believed to have been struck for a value of Rs 150 crore. A person involved in the deal said the company is planning a low-cost housing project. The deal between Provident ...

This comes as a downpour in Bangalore’s realty drought. Multinational networking giant Cisco has cleared the deck for developing an additional 6.6 lakh sq ft office space with a provision of scaling it up to 2.2 million sq ft in Bangalore, making this the largest development plan by an IT major in recent times. More than the realty ...

The Nandi Infrastructure Corridor Enterprises Ltd (NICE) has won a legal battle against the state government in the Karnataka High Court. The HC on Thursday nullified the notification of the state government directing NICE to construct a peripheral road across the Gottigere lake by erecting pillars. The notification was issued during the ...

For old-time Bangaloreans who insist that the city is getting hotter, the Meteorological Centre has the evidence: a “trend chart” shows that Bangalore’s average temperature has risen by one degree over the last 45 years (1963 to 2008). One degree may not sound like much, but is “very significant” in terms of ...

In order to conserve water and ensure ground water recharge, the Karnataka government on Tuesday announced that buildings, constructed in the city from now on, will have to compulsorily adopt rain water harvesting facility The state cabinet at its meeting held here on Tuesday decided to amend section 72 A of the Bangalore Water Supply & ...

Security has been tightened across Bangalore ahead of Republic Day celebrations Monday, a top police official said here Saturday. "Across the city around 1,200 police personnel will take care of the security measures on Jan 26. We'll also deploy 350 armed policemen in the city," M.R. Pujar, additional commissioner of police, ...

The rental market continued to strengthen in the city recording four to nine per cent annual appreciation in the peripheral locations and nearly 18 percent year-on-year growth in the central business districtsBangalore has recorded the highest total renting of commercial space this year at 10.22 million sqft, according to a survey by a global real ...

Gems and jewellery maker, Rajesh Exports Ltd, has deferred its real estate development plans by at least 18-24 months on concerns over slowdown in property demand, Chairman Rajesh Mehta told NewsWire18 here."This is not a wise time to get into real estate business. We will not get into construction activities for the next one-and-a-half to ...

Government of Karnataka, on the occasion of 2nd Bangalore Nano, in the august presence of Shri. M. Hamid Ansari, H.E. Vice President of India, Shri. Rameshwar Thakur, H.E. Governor of Karnataka, Dr. V.S. Acharya, Honourable Home Minister, Government of Karnataka, Prof. C.N.R. Rao, Chairman, Science Advisory Council to the Prime Minister, ...

DLF Ltd, India’s largest builder in terms of market valuation and in terms of completed residential and commercial property development, has slashed the pre-launch booking price of apartments at its debut residential project New Town , BTM Layout Extension , in southern Bangalore as the current slowdown dampens demand for realty. DLF is now ...

Even the previous Coalition Government about 1 year back had announced the same thing, which brought cheers to thousands of middle class families, but after all the drama the government failed, and brought a blanket on this issue, now with the New Government announcing this it is a very good news for all, with BDA sites costing a Bomb , many ...

­If you look at their track record - In Bangalore they are the only Construction Company in which so far all the Buyers who have either purchased for residing or for investment are always a very happy lot, this reflects their quality - deliverance and back up customer care, I tried to find any blogs/media reports which reflects their quality ...

The State Government has given its approval for setting up two integrated townships and three Special Economic Zones (SEZs) on the outskirts of Bangalore city. This was decided at the 15th State High Level Clearance Committee meeting held on Thursday. Though the promoters are yet to get consent from land owners regarding the transfer of land ...

This is a Good News for all those who has invested in Puravankara's IPO, Puravankara Projects registered a consolidated net profit of Rs 61.89 crore for the quarter ended June 30, up by 41 per cent compared to the corresponding quarter last fiscal. The firm registered an income at Rs 157.58 crore for the quarter, an increase of 31 percent over ...

The Supreme Court today stayed an Election Commission order which had put the brakes on the the Bangalore-Mysore Expressway Infrastructure Project in Karnataka. The multi-crore corridor project, estimated to cost over Rs 1,500 crore, is aimed at providing an 111-km expressway connecting Bangalore and Mysore. It will also be dotted by five ...

With BJP coming to power you can expect a lot of things in Bangalore Infrastructure, the First positive sign was NICE project, the work near Gottigere lake will begin soon completing the Corridor which was halted by earlier Government for Personal reasons, read on this article explaining Political Development in Karnataka. "A new era ...

Land, capital and execution skills — most players in the real-estate business come armed with the first of the three considered mandatory to break through in the business.But Mr Prakash Gurbaxani, CEO, QVC Realty, the country’s first private equity-backed real-estate start-up firm, unlike most of his competitors, dived into the brick ...

ANZ National Bank Ltd., New Zealand's biggest lender, plans to move some operational and processing work to Bangalore over the next 18 months.By the end of 2009 about 5 percent of the bank's work will have moved to the Indian city, Wellington-based ANZ National said today in a statement e-mailed to Bloomberg News. Bank unions estimate ...

The 'main roads' of Devapala, Arudi and Singenahalli villages, bordering Gowribidanur taluk, Bangalore Rural district, are virtually nonexistent. It's tough even for a bullock cart to navigate these roads. The value of dry agricultural land adjacent to the main road was Rs 50,000 per acre till February 29. But from March 1, it has ...

BWSSB says this will not hit supply to northern and western areas of Bangalore The agreement is subject to water availability in the river sourceWater will be sold at Rs. 66 a kilolitre to BIAL in addition to monthly charge of Rs. 1.20 lakhWhile a cloud of uncertainty hangs over several issues concerning the international airport at Devanahalli ...

With only 30 days to go for the inauguration of the much hyped International Airport in Devanahalli in Bangalore, Hyderabad International airport which is going to open for commercial operations much ahead of Bangalore will surely give some competition to Bengaluru airport. The Hyderabad airport will be connected to USA, UK, Amsterdam, Singapore, ...

North Indians are under attack in Mumbai, but in Bangalore they are the lifeblood of the construction industry. SANJANA from Tehelka visits the camps they are stuffed inThere is nothing to look forward to at home even though I own two acres of land. No rain means no work. My daughter had to be married off. My parents are old and sick. Ganesh ...

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 floors with an investment of Rs 40 crore. The centre has a built up area of 2.40 lakh sq ft. ...