Mysore
Mysore- After the completion of Brigade Horizon and Brigade Sparkle, Brigade Group has launched another two new projects, Brigade Palmgrove and Brigade Symphony, in Mysore. Brigade Palmgrove situated on Bogadi Road spreads across 14 acres of land. It is less than a kilometre far from the Ring Road and 4 kms from Jayalakshmipuram. It offers 72 premium [...] Continue Reading »
The state government is planning to introduce ‘B’ khata system in the Mysore city limits along the lines of the one existing in the Bruhat Bangalore Mahanagara Palike (BBMP) limits. There are indications that the scheme may be extended to six other city corporates. The Urban Development Department (UDD) has already sent the proposal to [...] Continue Reading »
Bangalore- A renowned developer of Bangalore, Puravankara Group, is all set to launch a residential township in off Mysore Road, near the Bangalore-Mysore Infrastructure Corridor ring road junction. The township project, ‘Provident Sunworth’, spreading across 60 acres of land, has been planned to include a built up area of 6 million square feet. It will [...] Continue Reading »
Mysore’s real estate has received a boost as construction activity, with the city’s municipal corporation issuing over 100 licenses to builders for residential projects. Most of the realty developments are coming up along the arterial and peripheral roads, especially the Outer Ring Road area. The local players in the residential property segment are hopeful of [...] Continue Reading »
Mysore realty market has become an attraction for non-resident Indians (NRIs). NRIs and expats from Karnataka are increasingly showing an interest in the real estate market of Mysore for residential as well as for business purpose. Currently, there are over 30 residential projects in Mysore being developed primarily for NRIs. The reason behind the increased [...] Continue Reading »
Mysore has seen a remarkable growth in the industrial property market in the last few months. The Karnataka Industrial Area Development Board (KIADB) is to acquire land to develop industrial layouts in the north-west parts of Mysore as the demand for industrial property has increased. There have been a decrease in the number of transactions [...] Continue Reading »
The property tax in Mysore is likely to go up from 50 per cent to 500 per cent, once the amended Karnataka Municipal Corporations Act comes into force. The amended act paves the way for more revenue generation on the part of the city civic body. Before the amendment, the maximum rate of property tax [...] Continue Reading »
Sobha Developers, Bangalore-based real estate company, has given a new sales guidance for the year of $363 million (Rs 2,000 crore) for this fiscal. For the same period last year, the developer managed sales of $309 million (Rs 1,700 crore). In the second quarter of FY12, the realtor launched Sobha West Hill in Coimbatore. It [...] Continue Reading »
Urban property owner cards to be issued to property owners instead of ‘Khata’ under an agreement between Bangalore and Urban Property Ownership Records (UPOR) are just three months away. The project for the state capital has already been cleared by the state cabinet. The project has already been taken up on a pilot basis in [...] Continue Reading »
Real estate index has been on a rise in three main cities of Southern India- Hyderabad, Bangalore and Chennai. Around 45% of commercial office spaces and 56% of mall spaces will be contributed by these main cities of South India between 2012-16. Also, in the residential sector, the cities accounted for one-third of the country’s [...] Continue Reading »
