Bangalore
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 »
The metro project is running behind the schedule by almost 2 years. However, the 42.3 kilometers long Phase-1 of Namma Metro should be ready by the mid of 2014. The Bangalore metro project got all the necessary approvals from the Commissioner of Metro Rail Safety and it will pass over the Indian Railway Bridge. The design also [...] Continue Reading »
Real estate developers face many challenges to get approvals from the authority which in turn lead to delay in construction work and possession. The government is planning to set up fast track approvals for real estate projects where they will post all the approved projects online to minimize delay in possession. It will be easy for consumers [...] Continue Reading »
The reason why there is a growth in the demand in the up market real estate space of Koramangala is the rising number of people choosing Bangalore as their preferred destination to work. According to a survey done by a consultancy firm, Bangalore has become one of the best cities for people to live in. [...] Continue Reading »
A recent survey revealed that there was a 20 percent hike in the rentals for Bangalore when compared the rents of a 3BHK residential apartment in the third quarter of last year (Jun-Jul-Aug ’12) over the third quarter of 2010 (Jun-Jul-Aug ’10). A real estate expert commented that, the rental values in localities such as Electronics [...] Continue Reading »
