Page 14 - Bengaluru

Office space leasing up 15% in Jan-Mar across 7 major cities: Colliers

Office space leasing rose 15 per cent during January-March period to 159 lakh sq ft across seven major cities on higher demand from domestic and foreign companies, according to Colliers. The gross office leasing stood at 138 lakh sq ft in the year-ago period. Real estate consultant Colliers India on Thursday released the data for the India office market. As per the data, the gross leasing of office space in Bengaluru increased 13 per cent to 45 lakh square feet in the current quarter from 40 lakh square feet in the year-ago period. In Chennai, the gross leasing of workspace surged 93 per cent to 29 lakh square feet from 15 lakh sq ft. Office leasing in Delhi-NCR grew 32 per cent to 33 lakh sq ft from 25 lakh sq ft. Mumbai witnessed 16 per cent growth in office leasing to 22 lakh sq ft from 16 lakh sq ft. In Pune, the office leasing rose 50 per cent to 12 lakh sq ft from 8 lakh sq ft. However, the demand in Hyderabad and Kolkata was low. In Hyderabad, the leasing activities fel

Primus launches B'luru's 1st multi-generational community 'Primus Sangama'

A multi-generational community is typically designed for children, adults, and seniors to coexist while maintaining independent lifestyles

Chhattisgarh govt woos companies from Bengaluru to invest in state

Representatives from companies such as BEML, Gokaldas Exports and Britannia praised the state's business-friendly policies and infrastructure support

BCD Group doubles order book to Rs 2K cr, aims to boost Pan-India presence

BCD Group has already secured orders worth Rs 350 cr in Q1 from developers such as Godrej, Assetz, and Century, driven by growing demand for commercial, residential spaces across key cities

Brigade buys 4.4 acre land in Bengaluru, tragets Rs 950 crore revenue

Realty firm Brigade Enterprises has acquired 4.4 acres of land in Whitefield Bengaluru to develop a housing project with an estimated revenue of Rs 950 crore. In a regulatory filing on Monday, the company said it will develop a premium residential project with a total development potential of 0.6 million (6 lakh) square feet and a Gross Development Value of approximately Rs 950 crore. Pavitra Shankar, Managing Director of Brigade Enterprises, said this land acquisition will enhance its portfolio. Established in 1986, Brigade Group is one of India's leading property developers. Brigade has developed many projects across South and West India. Bengaluru-based Brigade has a presence in residential, office and retail segments of real estate as well as hotel business.

Bengaluru waterlogged after first seasonal rain, 3-year-old girl dies

According to the Civil Defence Force, around 30 trees were uprooted and 48 branches fell across Bengaluru, posing significant safety risks

Boeing lays off 180 people in India as part of global workforce reduction

US aircraft maker Boeing gave pink slips to up to 180 employees at its engineering technology centre in Bengaluru as part of a global workforce reduction exercise, according to a source. Boeing, which has been facing multiple headwinds globally, has around 7,000 staff in India, which is also a key market for the company. Last year, Boeing announced a global workforce reduction of around 10 per cent. The source aware of the development said as part of the global workforce reduction, up to 180 staff at the Boeing India Engineering Technology Center in Bengaluru were laid off in the December quarter of 2024. There was no official statement from Boeing. The source said strategic adjustments were made affecting limited positions while ensuring no adverse impact on customers or government operations. While some roles have been removed, new positions have also been created, the source said and added that reductions in India have been more measured, with a clear focus on maintaining cust

Bengaluru's Thanisandra Rd housing prices up 67% in 3 years: Anarock

Bengaluru's two key micro-markets -- Thanisandra Main Road and Sarjapur Road -- have witnessed 67 per cent and 63 per cent growth, respectively, in housing prices in the last three years, according to Anarock. Real estate consultant Anarock's data showed that average housing prices at Sarjapur Road rose 63 per cent to Rs 9,850 per square feet at the end of 2024 from Rs 6,050 per square feet at 2021-end. Thanisandra Main Road witnessed a 67 per cent growth to Rs 8,900 per square feet from Rs 5,345 per square feet. The average monthly rental rose 76 per cent in Sarjapur Road to Rs 36,900 from Rs 21,000. In Thanisandra Main Road, the average monthly rental growth went up 62 per cent to Rs 33,200 from Rs 20,500. Commenting on the trend, Angad Bedi, CMD of BCD Group, said Thanisandra Main Road and Sarjapur Road in Bengaluru exemplify the changing pattern of the real estate sector. "Renting provides financial convenience in the short run. Nevertheless, for long-term benefits, property

Godrej Properties acquires around 10-acre land in Bengaluru's Yelahanka

The project will have an estimated revenue potential of ₹ 2,500 crore

Karnataka observes 12-hour bandh called by pro-Kannada groups today

A 12-hour statewide bandh called by the pro-Kannada groups to protest the alleged assault on a state-run bus conductor in Belagavi last month for not knowing Marathi began in Karnataka on Saturday morning amid tight security. In several parts of the state, the pro-kannada groups took to the streets staging protests and they appealed to the shopkeepers to cooperate and extend their support for the cause. But most of the shops were open as usual. In Bengaluru, the activists gathered at the Mysore Bank circle and raised slogans holding placards. Some activists staged a demonstration at the BMTC and KSRTC bus stand at Majestic in the state capital. The protestors appealed to the bus drivers and conductors to support the call for Bandh. As their agitation intensified, police took them under preventive custody. In Mysuru, some pro-Kannada activists staged a sit-in protest by blocking buses at the suburban bus stand. They staged a dharna near the exit gate to block buses heading to Beng

Embassy Developments, Lam Research ink Rs 1,125 cr land deal in Bengaluru

The deal bolsters Bengaluru's status as a global tech hub, attracting high-tech investments and fueling demand for premium commercial infrastructure

Bengaluru traffic advisory amid metro construction, multiple road widening

Traffic in Bengaluru is expected to be slow at Outer Ring Road Salem Railway Bridge due to ongoing metro work

Saudi Aramco-backed Cognite opens AI services centre in Bengaluru

Cognite makes software that allows companies to improve the operations and safety of industrial installations, such as oil and gas platforms

Brigade Enterprises launches Rs 2,700 cr housing project in Bengaluru

Realty firm Brigade Enterprises targets Rs 2,700 crore revenue from its new housing project in Bengaluru. In a regulatory filing on Friday, Brigade Enterprises said it has launched a residential project 'Brigade Eternia' in Yelahanka, Bengaluru. The project, spread over 14.65 acres, will have 1,124 residential units with a total built-up area of about 20 lakh square feet. "The project has a revenue potential of over Rs 2,700 crores," Brigade said. The project will be completed by March 31, 2030. Pavitra Shankar, Managing Director of Brigade Enterprises, said, "North Bangalore, particularly Yelahanka, is emerging as a key micro market with immense growth potential." Established in 1986, Brigade Group is one of India's leading property developers. Brigade has developed many projects in South India. As per the PropEquity data, housing sales in Bengaluru fell 9 per cent to 60,506 units in 2024, from 66,600 units in the preceding year.

Ranya Rao gold smuggling case: ED conducts raids in Bengaluru under PMLA

The accused, Ranya Rao, while recording a statement with the DRI, informed them that this was her first time smuggling gold and how she did it

Bengaluru court reserves judgment on Kannada actress Ranya Rao's bail plea

A Bengaluru Special Court for Economic Offences on Wednesday reserved its decision on the bail plea of Kannada actress Ranya Rao, who was arrested in a gold smuggling case. The court is expected to pronounce its judgment on March 14. During the bail hearing, Senior Advocate Kiran Javali, representing Rao, argued that officials from the Directorate of Revenue Intelligence (DRI) failed to follow proper legal procedures during her arrest and interrogation. Javali contended that the arrest memo issued at the time did not explicitly state the "grounds of arrest," as required by the Supreme Court's guidelines in the DK Basu case. He further asserted that such procedural lapses justify the granting of bail, regardless of the gravity of the allegations. Opposing the bail plea, the DRI's legal team highlighted the seriousness of the charges against Rao, alleging her involvement in a significant gold smuggling operation. They argued that granting her bail could hinder the ongoing investiga

BJP opposes Greater Bengaluru Bill, warns of non-Kannadiga mayors

Leader of Opposition in the Karnataka Legislative Assembly, R Ashoka, on Monday accused the Congress government of trying to divide Bengaluru with the Greater Bengaluru Governance Bill -- which proposes up to seven municipal corporations in the city, as he also cautioned about non-Kannadigas becoming Mayors. Terming the bill as a "death knell" to the city that was founded by Kempegowda, a chieftain under the Vijayanagara empire, he said the Bill is against the 74th Amendment of the Constitution, as the power will be concentrated with the chief minister and not elected councils. The Greater Bengaluru Governance Bill, 2024 (as introduced in the Karnataka Legislative Assembly and as recommended by the joint select committee) was placed for the consideration of the Assembly by Deputy Chief Minister D K Shivakumar, who is also the Minister in-charge for Bengaluru Development. In July last year, the Bill was referred to a joint select committee. The committee tabled its report in the ...

Truck rentals stay lacklustre in Feb due to lower infra sector demand

The All India Motor Transport Congress (AIMTC) raised concerns over the government's draft notification, which proposes increased renewal charges for registration and fitness certificates

K'taka budget model for country, boosts 'Brand Bengaluru': Dy CM Shivakumar

Describing the Karnataka Budget as a model for the country, State Deputy Chief Minister D K Shivakumar on Saturday said it is good for "Brand Bengaluru," with several projects planned to address the city's traffic issues, including a tunnel road project. Shivakumar, who is also the Minister in charge of Bengaluru development, said that 700-800 km of new roads are being added to the city. "The budget is a model for the country. Other states will also take note of it. It is a good budget for Brand Bengaluru. It is not for us; it is for the benefit of the 1.40 crore population of the city. The tunnel road project will happen," Shivakumar said. Speaking to reporters, he said flyovers will be constructed to address traffic issues. Additionally, double-decker flyovers will be built, and new Metro projects will be taken up with 50 per cent contributions each from the city corporation and Bangalore Metro Rail Corporation Limited (BMRCL). A network of 300 km of additional roads will also be

Air India denies injuring 82-yr-old grandmother by refusing her wheelchair

Parul Kanwar accused the airline of "negligence, and explained how her grandmother, the widow of a decorated lieutenant general, faced hardships even after booking a wheelchair in advance