Bangalore
Mahadevapura which is located near the commercial hubs Whitefield and Brookfield has witnessed 20 percent capital appreciation during the October-December’12 quarter. The properties are now available at between Rs 4,500 to Rs 5,000 per sq ft which was available at Rs 3,500-4,000 per sq ft, according to the real estate brokers of that area. The [...] Continue Reading »
The Bangalore based real estate developer, Prestige Group is planning to spread out their real estate business in 2013. A higher official of Prestige group believes that there are many areas in Bangalore which are fast approaching saturation because of infrastructural constraints. One can expect improvement and increased development in selected areas in Bangalore including townships in [...] Continue Reading »
According to the report by a real estate firm, the developers have become more rational in launching their projects because of the subdued demand in the real estate sector. Bangalore saw 16, 543 units launched in 2012, compared to 32,816 in 2011, which means Bangalore has witnessed 50 percent drop. The overall new launches across [...] Continue Reading »
The BBMP committee explained that different approaches will be adopted to handle various types of waste. The committee made it very clear that the residents will be punished if segregation is not done at source. BBMP will not collect waste which are not segregated. Apartments in Bangalore too will have to segregate waste at source. [...] Continue Reading »
Due to the increasing traffic chaos on 100-metre-long bottleneck between Hebbal flyover and Kempapura entrance, the civic body has planned to widen and upgrade the Bellary Road leading to BIA. However, it has failed to solve the crisis. The Hebbal flyover was inaugurated in 2003 and was built in 26 months at a cost of [...] Continue Reading »
The Bruhat Bangalore Mahanagara Palike (BBMP) is planning to replace the expansion joints on the Sirsi Circle flyover and the flyover will be partially closed to traffic. All the 14 joints will be replaced at a cost of Rs. 2.65 crore. Replacement of each joint will require at least five days. There was a huge [...] Continue Reading »
In 2012, the residential market was disturbed by weak business sentiments, high property prices, high labour cost and relatively higher mortgage rates which resulted in the decline of 30% in 2012 in comparison to a plunge of 7% in 2011, said a real estate consultancy. Real estate developers are really cautious of launching project as the gap [...] Continue Reading »
The state government is planning to divide the water supply proportionately to the city as the water levels in Kabini and Krishna Raja Sagar (KRS) dams went down. Bangalore was hit by drought last year, which resulted in the depletion of water levels in Cauvery basin reservoirs. From November 2012, new areas of Bruhat Bangalore [...] Continue Reading »
The Bruhat Bengaluru Mahanagara Palike (BBMP) has submitted a report on the amount spent on garbage disposal, including salaries paid to pourakarmikas. They have spent Rs 25,708 lakhs on salaries of pourakarmikas, health inspectors and vehicles in the last four years, according to BBMP. Last week, the High Court asked BBMP to furnish this information. At [...] Continue Reading »
The residential property market in Bangalore saw an absorption of 4,645 units during third quarter against 4,290 units in second quarter. The increase in demand was due to the home buyers shifting towards purchasing a property rather than paying high rents and also due to the improved sales in projects that are about to get [...] Continue Reading »
