Ikea, the Sweden-based global furniture retailer known for its frugal and efficient products, is likely to open its third mega store in India in Bangalore around April. IKEA’s India CEO Peter Bezel said the company is on track to open its first store in Bangalore in ‘early summer’, which will make Bangalore the third city […]
Puravankara Ltd, the biggest residential real estate brand in Bangalore, said it is making changes to its apartment designs to attract work-from-home customers, but believes that employees will shift back to the work-from-office model in another 12-18 months. STRONG DEMAND The company has been seeing strong demand for its residential flats, as buyers increasingly prefer […]
Sobha Ltd, one of India’s largest real estate developers, said it will build a ‘Manhattan-like’ mini city at Yadavanahalli, which lies between Electronics City and Hosur towards the south east of Bangalore. Despite its somewhat removed location, the project is targeted at the well-to-do, with the three-bedroom flats costing upwards of Rs 90 lakh. Chairman […]
Prestige Estates Projects, which operates some of India’s top malls such as Bangalore’s Forum Mall, said retail spending has recovered to around 70-80% of normal levels, though it may take several months for it to fully normalize. “The malls should be back in the next six months, they should stabilize fully. Hospitality should take a […]
Prestige Estates Projects Ltd, which operates nine malls including The Forum Mall in Bangalore, said footfalls are down 75%-80% at malls due to the COVID-19 pandemic. Speaking to investors after detailing the company’s June quarter results last week, company officials also said they were seeing signs of stress among customers of residential properties, even though […]
Even as the real estate market in the country faces uncertainties due to an overall slowdown in the economy, housing sales fell 17% in the top 7 cities of India in value terms during the Jul-Sep quarter, according to Anarock Consultants. Of the three quarters of 2019, Q3 saw the worst overall sales performance. The […]
The ministry of environment, forest and climate change said it has issued detailed ‘terms of reference’ or ToR for the upcoming Satellite Town Ring Road or STTR connecting towns around Bangalore. There has been a lot of controversy over the impact of the 180 km road — which will connect surrounding areas like Krishnagiri, Hosur, […]
Larsen & Toubro said it has received an order worth between Rs 2,500 cr and Rs 5,000 cr to create six underground stations of Bangalore Metro, as well as underground tracks. The first stretch is for 2.76 km from Vellara Junction to Shivajinagar, including a station at MG Road. The second stretch is for 2.88 […]
Godrej Properties Ltd, a Mumbai-based real estate developer, announced a new project, ‘Godrej Aqua’, on the International Airport Road in Bangalore. The project gets its name from its efforts to recycle most of the water on site using advanced technologies and promises to offer ‘drinking water straight from the tap’. Godrej Aqua will offer two- […]
Brigade Group, one of Bangalore’s top two real estate companies, announced the launch of the last expansion of Brigade Meadows, an integrated township spread over 60 acres of land on Kanakapura Road in India’s IT capital. Brigade Meadows is already home to over 2,000 families, the company said. The last phase, to be called Plumeria […]
Brigade Enterprises, one of the top real estate players in Bangalore, announced its plans to set up Brigade Bricklane, a low-rise apartment project at Jakkur in North Bangalore. The flats will be priced at Rs 33 lakhs and above and will be constructed with lots of open space between each block. “The apartments have been […]
Infosys Foundation, the philanthropic arm of Infosys, said it has signed an agreement to construct and maintain a metro station next to its main campus in Electronics City, Bangalore. The station, to be constructed at Konappana Agrahara, will be covered under the second phase of Bangalore Metro’s expansion plans and is expected to be operational by […]
Prestige Estates, arguably the biggest developer of office buildings in Bangalore, said it will pay Rs 336 cr to get 80% of a company that owns 59 acres of land on Outer Ring Road at Sarjapur in Bangalore. “The company intends to develop a state of the art commercial office space with over 6 mln […]
Housing Development Finance Corporation Ltd has tied up with Bangalore-based real estate player Prestige Estates to invest Rs 2,500 cr in affordable housing. The tie-up has been implemented through its subsidiary HDFC Capital Advisors Limited, which is the investment manager to HDFC Capital Affordable Real Estate Fund 1. The fund, which focuses on middle income […]
Real estate developer Puravankara Ltd said it has started taking ‘expressions of interest’ from buyers for its upcoming ‘affordable’ housing project at Judicial Layout, Kanakapura Road, Bangalore. Provident Park Square is being taken to market through a quasi-book building method. Under this, price bands are announced for each type of property and interested buyers can […]
Bharti Airtel continued to expand its lead over Vodafone and Idea in terms of supporting 4G voice services by launching VoLTE or Voice over LTE services in Karnataka. The prices for VoLTE calls will remain identical to those of traditional calls. However, customers who use VoLTE-enabled handsets will be able to enjoy higher quality audio […]
It’s amusing to see men from Bangalore share posts on Facebook about how Bangalore is a safe city. And that, what happened on New years’ was just alcohol-induced. Firstly, dear men of Bangalore, hold that thought. Would you care to ask a woman how she feels, before you post another status on Facebook? I’m a […]
Brigade Group, one of the biggest developers in Bangalore, announced a new villa project at Devanahalli, near the ‘new’ Bangalore Airport. The project, called Atmosphere, offers 4 bedroom signature villas with sizes ranging from 3010 sq.ft to 3410 sq.ft, the company said. “The project aims to bring back the concept of courtyard homes, a way […]
It’s a move that would be greeted with much glee by harried Bangaloreans, but commercial considerations are understood to have forced the civil aviation ministry to oppose the reopening of the city’s old airport at HAL. The airport in Hindustan Aeronautics Ltd was shut down in 2008 when the GVK-group’s Bangalore International Airport Ltd became […]
