Bangalore
Bangalore- Shriram Group’s real estate arm, Shriram Properties, is planning to raise fund of Rs 300 crore from private equity firms for specific projects. ASK Property Investment Advisors has recently funded Rs 100 crore to Shriram. But the realtor has said that it is looking to raise more funds. Shriram currently has a huge land [...] Continue Reading »
Bangalore- Electronic City, the largest industrial technology hub of Bangalore, has been witnessing boom in the residential real estate sector. The huge workforce of IT companies and various small scale and large scale industries in the surroundings has driven Electronic City towards the vast development of residential and commercial segments. In the past few years, [...] Continue Reading »
Bangalore- Private equity giant Blackstone Group has been planning to buy one of the largest Bangalore-based IT park developments, Vrindavan Tech Village for approximately Rs 800 to 900 crore, revealed sources. The PE firm which has already been in competition with other global investors Xander Group and Mapletree for buying Unitech Infospace at Dundahera, near [...] Continue Reading »
Bangalore- Godrej Properties, the real estate development arm of the Godrej Group, has launched the second phase of Godrej E-City in Electronic City. Godrej Properties has joined hands with Universal Builders to develop the project. The project has been planned to launched in three phases. E-City 2nd phase has been planned to have two blocks [...] Continue Reading »
Bangalore- Residents of Mandur, sick and tired of garbage dumping around their homes, are up in arms to dump garbage in front of the residences of CM and Deputy CM. People mostly affected by Mandur landfill are the ones living in Mandur and Birahalli gram panchayats. They have been planning to dump lorry loads of [...] Continue Reading »
Bangalore – The Bangalore Development Authority (BDA) has allotted ‘G’ category sites to 22 people, of which most of them are politicians, which is in violation with the Karnataka high court’s order. ‘G’ category sites are BDA sites that are allotted under the chief minister’s discretionary quota. As per the court order passed on Dec [...] Continue Reading »
Bangalore- Former CEO of South Asian Real Estate Group (SARE Group), Arvind Pahwa, has taken position as the executive director at Indiareit Fund Advisors Pvt. Ltd. At an interview, Pahwa disclosed that he will be a part of Indiareit’s business and willo be monitoring existing investments. Ramesh Jogani , Indiareit’s chief executive and managing director, [...] Continue Reading »
Bangalore- Most of the properties owned by the Bruhat Bengaluru Mahanagara Palike (BBMP) are either leased out at a much lesser rate than the actual market rate or have been used in violation of norms. An inspection of such properties was carried out by Bangalore Mayor D Venkatesh Murthy during which he found out that [...] Continue Reading »
Bangalore- Whitefield and outer ring road, particularly the stretch of K R Puram-Marathahalli- Sarjapur Road, are emerging as the top commercial real estate destinations of the city, reports Jones Lang LaSalle India. The Central Business District (CBD), Koramangala and Bannerghatta Road mostly remained stable throughout 2012. Owing to fast developing IT corridors of Bangalore, adequate [...] Continue Reading »
Bangalore- The Karnataka High Court has asked the Bruhat Bengaluru Mahanagara Palike (BBMP) to remember the sanction plans, trade licenses and change of use of land, that were issued after the January 25 interim order of the court. The court had ordered not to permit any reconstruction or redevelopment in areas classified as residential areas [...] Continue Reading »
