Bangalore
The residential real estate index prepared by the National Housing Bank (NHB), the housing prices in 16 cities including Delhi, Mumbai, Chennai, Bangalore, Pune, and Kolkata improved in the quarter ending June 2012, compared to the previous quarter ending March 2012. The prices of residential properties in 16 cities have shown an increasing trend in [...] Continue Reading »
The Bruhat Bengaluru Mahanagara Palike (BBMP) has started an extensive drive to collect dues from property tax evaders from the city. The civic body has begun the drive as they are taking a strict stand against tax evaders. The municipal commissioner stated that they will start to seize properties of those who refuse to pay [...] Continue Reading »
Demand for one BHK units in Bangalore is growing in specific areas. Although traditionally demand for this section has been lower in Bangalore than in other metros, demand for 1BHK has been on the rise in areas such as Madivala and Mathikere. However, these BHKs are larger as compared to other metros and the size [...] Continue Reading »
Over 2,000 residents of JP Nagar I Phase were given training on waste disposal by Indian People’s Council. 50 volunteers of the citizen action group enlightened them of the importance of reducing and segregating waste at source. The group sources state that 70 per cent of residents welcomed the idea of segregating waste at households [...] Continue Reading »
Bruhat Bangalore Mahanagara Palike (BBMP) is blamed for the potholes in many arterial roads in the city, which is in turn has aggravated the traffic problem in the city. The pothole-ridden arterial roads across the city, particularly in the central business district, particularly in Majestic area, are being identified as the main culprit of the [...] Continue Reading »
Bangalore civic administration has promised to rid the city from thousands of tonnes of overflowing garbage. However, search for land to dump garbage is not yet over. The residents around Mandur, about 45 km north of Bangalore, have agreed to resumption of dumping of garbage in the area on the fulfillment of certain conditions. The [...] Continue Reading »
Whitefield has emerged as a real estate hub in Bangalore as it has witnessed both commercial and residential developments. The credit befalls good connectivity. Marathahalli bridge construction has been a boon for growth of real estate in the area. Residential facilities, along with well designed office space are increasingly coming up. The Old Airport Road, [...] Continue Reading »
Ramky Group came under fire from Bruhat Bengaluru Mahanagara Palike (BBMP). BBMP Mayor Venkatesh Murthy has committed to initiate criminal action against the Ramky group for serious violations of contractual obligations. The violations include non-compliance with various environmental and social standards and for contaminating soil and water in Mavallipura and surrounding villages. The mayor conceded [...] Continue Reading »
Residential prices have soared in Rajarajeshwari Nagar, an area located in South Bangalore. The locality in Bannerghatta road enjoys good metro connectivity along with good road infrastructure. Apart from schools, colleges and hospitals, the locality offers ample scope for residential needs to be catered to. The last six months witnessed price rise across residential sector. [...] Continue Reading »
The office space market in Bangalore seems to have taken a hit as office space absorption has been dropping by about 12 percent quarter-on-quarter. According to Jones Lang LaSalle (JLL) India, the first quarter witnessed growth due to companies like Axis Aerospace & Technologies leasing space in Vaswani Centropolis, KPMG leasing space in Salarpuria Hallmark [...] Continue Reading »
