Realty firm Embassy Developments will invest Rs 1,500 crore to construct a 3 million sq ft office complex in Bengaluru as part of its strategy to generate rental income from commercial assets. The company is mainly into housing segment with presence across Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR. In an interview with PTI, Embassy Developments Managing Director Aditya Virwani mentioned that the company's focus would largely remain on the growing residential business. However, he said the company would build office assets for rental income. Virwani said the company will develop a large 35-acre office complex in Bengaluru comprising 6 million sq ft area. "We will develop this project is two phases. The construction of first phase covering 3 million sq ft has started," he said. Asked about investments for the first phase, Virwani said it would be around Rs 1,500 crore, excluding land cost. Virwani said the office spaces would be leased to corporates. Bullish on In
The enterprise AI software company says the new Bengaluru office will strengthen engineering, innovation and client engagement as part of its India expansion strategy
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Today's opinions examine the G7 summit, a changing US Federal Reserve, Karnataka's development priorities, India's infrastructure model and Indira Jaising's constitutional journey
The retailer's India arm has leased 8.3 lakh sq ft at Embassy Manyata Business Park, reinforcing Bengaluru's position as the leading hub for GCC-led office demand
N-able, which provides IT management, cybersecurity, and data protection software to more than 500,000 organizations globally, opened a Global Capability Center (GCC) in Bengaluru on Monday
The ey.ai Center for Reimagination is part of EY's $1.4 billion AI investment plan and aims to help organisations translate AI ambitions into large-scale business transformation
Smartworks Coworking Spaces has leased nearly 492,000 sq ft at Sattva Aura in Bengaluru, strengthening its presence in a key enterprise market driven by GCC and technology demand
Godrej Properties has sold more than 1,000 homes worth over ₹2,000 crore at its newly launched Godrej Vanantara project in Bengaluru's Bannerghatta Road area
Sharp rent spike positive for landlords, but tenants get priced out
A Uganda national with recent travel history from the East African nation has tested negative for Ebola after she was placed under isolation in Bengaluru as a precautionary measure when she reported mild symptoms of body ache, official sources said on Wednesday. The 28-year-old woman was placed under isolation at the state-run Epidemic Diseases Hospital in Bengaluru for observation and further evaluation, the sources said. A sample was collected and sent to the National Institute of Virology in Pune for testing, and the result has returned negative for Ebola virus disease (EVD), they said. "The individual is otherwise in a healthy condition now," a source said. The Ministry of Health and Family Welfare is closely monitoring the evolving Ebola situation following recent EVD outbreaks reported in parts of Africa, the sources said. In coordination with the concerned state authorities, the ministry is maintaining close surveillance and all necessary public health protocols are being .
Smoke was detected inside an IndiGo A320neo aircraft while taxiing for departure to Chennai, prompting an emergency evacuation at Bengaluru airport
Realty firm Knowledge Realty Trust (KRT) will invest Rs 700 crore over the next three years to develop 1.4 lakh sq ft of office space in Bengaluru as part of its expansion plan, a top company official said. KRT is a real estate investment trust (REIT), sponsored by realtor Sattva Group and investment firm Blackstone. In an interview with PTI, KRT Chief Executive Officer (CEO) Shirish Godbole said the company is looking for the acquisition of prime office assets to grow business organically. He highlighted that the company performed well during the last fiscal, and it is expecting to continue the growth momentum during 2026-27 on all important metrics such as Net Operating Income (NOI) and distribution to unitholders. Godbole noted that the demand for office space remains strong, primarily driven by foreign companies that want to set up Global Capability Centres (GCCs). He asserted that the company's portfolio is AI (artificial intelligence) resilient, with bulk of its workspaces .
Startup expands into salon-at-home services with instant fulfilment model after Bengaluru pilot completed over 2,000 beauty service jobs in six weeks
An Air India aircraft from Bengaluru made an emergency landing at the Delhi airport due to suspected engine fire on Thursday evening, according to sources. The crew followed all standard operating procedures and landed the aircraft safely at the Delhi airport. All passengers and crew are safe and have disembarked normally, the airline said in a statement. The A320 aircraft was operating the flight AI2802 from Bengaluru to Delhi. "During the aircraft's final approach into Delhi, the cockpit crew received a fire indication from one of the engines. The indication was subsequently confirmed as true," the statement said. One of the sources said it was yet to be confirmed whether there was fire in the engine. The sources said there were more than 160 people onboard the aircraft. Information available with flight tracking website Flightradar24.com showed that the plane landed at around 9.30 pm. Air India said it was immediately initiating a full investigation into the cause of the inci
The Kempegowda International Airport here crossed the 400 million passenger milestone in April since commencing operations, as strong international traffic growth and cargo expansion helped drive overall performance in FY 202526, officials said on Saturday. This was noted at the 134th Board Meeting of Bangalore International Airport Limited (BIAL), chaired by Shalini Rajneesh, Chief Secretary, Government of Karnataka, while reviewing the key achievements, performance highlights, and developmental initiatives undertaken by Kempegowda International Airport Bengaluru (BLR Airport) during FY 202526, they said. According to an official statement, during FY 202526, BLR Airport handled 44.47 million passengers and 532,000 metric tonnes of cargo, reflecting strong and sustained momentum across both passenger and cargo segments. Growth was driven by a significant surge in international passenger traffic, steady domestic demand, and strengthening cargo operations, it said. According to ...
The rains in Bengaluru on Wednesday evening wreaked havoc, killing 10 people, authorities said. Heavy rains coupled with a hailstorm and gusty winds uprooted trees, flooded many key stretches and threw traffic out of gear, they said on Thursday. Large parts of the city witnessed sudden, intense rainfall for nearly an hour, bringing down trees and electric poles, crushing parked vehicles and inundating low-lying areas, while several roads were rendered impassable, severely disrupting vehicular movement during peak hours. Seven people, including a six-year-old girl, were killed when a compound wall of the Bowring and Lady Curzon Hospital collapsed amid the downpour. Among the deceased, two were from Kerala who were on a study tour. They had taken shelter near the wall when it gave way, they said. In another incident, a 35-year-old man, identified as Raghu, died of electrocution on Bannerghatta Road near Vega City Mall. In a separate case in Yarab Nagar, a student, Syed Sufiyan died
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Average monthly rentals for prime office spaces in Bengaluru and Delhi-NCR have crossed Rs 100 per sq ft mark for the first time as demand for prime workspaces exceeds supply, according to Knight Frank data. In Mumbai, the average office rentals are already above Rs 100 per sq ft. Real estate consultant Knight Frank data showed that the average rentals for office spaces rose in a range of 2-15 per cent during January-March 2026 across eight major cities of India compared to the same period last year. The maximum annual growth of 15 per cent in office rent was seen in Delhi-NCR and Kolkata. "The supply constraints across key markets have supported a sustained rental upcycle since early 2022...," the consultant said in its latest Q1 (January-March) 2026 report on the Indian office market. The report mentioned that rental growth remained positive in Q1 2026, ranging between 2 per cent and 15 per cent YoY (year-on-year) across cities. "Notably, NCR and Bengaluru breached an average r