Page 15 - Bengaluru

Bengaluru sees 59% rise in luxury home sales to ₹1,000 cr in FY25: Report

Bengaluru's housing market witnessed a 59 per cent growth in sales of luxury homes, costing Rs 10 crore and above, in the last fiscal at a record Rs 1,000 crore on high demand, according to India Sotheby's International Realty and CRE Matrix report. Real estate consultant India Sotheby's International Realty (ISIR) and real estate data analytics firm CRE Matrix's recent report mentioned that Bengaluru's luxury housing market (Rs 10 crore and above) achieved sale bookings of Rs 1,000 crore in 2024-25 against Rs 627 crore in the preceding year. In volume terms, sales of luxury homes rose to 78 units from 51 units. The report stated that Rs 10-12 crore ticket-size apartments are seeing the highest sales in Bengaluru's luxury segment. "Bengaluru's luxury housing market has entered a new league. We're seeing discerning buyers - especially CXOs, startup founders, and global Indians - investing not just in a home, but in a lifestyle. The demand today is driven as much by aspiration as by

Canadian detained after bomb scare on Varanasi-Bengaluru IndiGo flight

Panic broke out at Varanasi airport after a foreign national aboard a Bengaluru-bound IndiGo flight claimed he was carrying a bomb, police said on Sunday. The incident took place on Saturday night, police said, adding that the passenger, a Canadian, has been detained. Security sleuths are questioning the man, officials said. Following the bomb scare, the aircraft was moved to the isolation bay for a thorough inspection, but no explosive material was found, said Puneet Gupta, Director of the airport. Gupta said the IndiGo crew promptly informed the Air Traffic Control (ATC) about the threat after the passenger's claim. The flight was grounded and inspected as per standard security protocols. After receiving clearance from security agencies, the aircraft departed for Bengaluru on Sunday morning, officials said. A detailed probe is on in the matter.

Road rage case: HC bars police from coercive action against IAF officer

Karnataka High Court has restrained the Bengaluru city police from initiating any coercive steps against Indian Air Force Wing Commander Shiladitya Bose in connection with a road rage case. The interim direction was issued by Justice Hemant Chandangoudar on April 24, following a petition filed by the officer challenging the FIR lodged against him. The incident took place near C V Raman Nagar on 21 April. Initially, the police registered an FIR based on a complaint lodged by Bose, alleging he was assaulted by Vikas Kumar S J, a call centre employee. Subsequently, a counter-complaint was lodged by Kumar, leading to a second FIR being registered against the IAF officer. In its interim order, the court instructed the police not to take any coercive steps against Bose or summon him without adhering to proper legal procedure. It also directed that the chargesheet in the case should not be filed without the court's prior permission. The court, however, noted that the petitioner must ...

Reddit post sparks debate: Buy or rent amid Bengaluru's realty boom?

With rising prices and peer pressure, experts suggest focusing on financial readiness over FOMO

Bengaluru Metro to fine passengers for consuming chewable tobacco products

Bangalore Metro Rail Corporation Limited (BMRCL) on Wednesday announced that passengers found consuming chewable tobacco-based products within metro premises and trains will be fined. For this, the BMRCL will strengthen its patrolling efforts during non-peak hours, it said. According to the BMRCL, this step has been taken in an effort to address public grievances about passengers using chewable tobacco-based products and to avoid consequent spitting and littering within metro premises and trains. Since possession of such substances cannot be detected through metal detectors, BMRCL said it has decided to implement random physical pat-down checks at all metro stations. "While platform security guards will be sensitised to look out for such passengers, the central security surveillance room has already been instructed to monitor passenger behaviour and alert the concerned platform security staff immediately upon noticing any violations. Enhanced surveillance will now be carried out on

‘I killed the monster’: Wife, daughter arrested in ex-K’taka DGP murder: What we know so far

Former Director General of Police (DGP) Om Prakash was found murdered at his residence in Bengaluru’s posh HSR Layout on Sunday evening.

Sumadhura Group to invest ₹250 cr in 4 years for Bengaluru housing project

Realty firm Sumadhura Group will invest Rs 250 crore to develop a housing project in Bengaluru. In a statement on Tuesday, the company said it has entered South Bengaluru with the launch of project 'Codename Uru' located in Kenchanhalli. Spread over 3.25 acres of land, this landmark project is expected to generate a topline of Rs 500 crore. The project, which is expected to be completed by December 2029, will have 297 homes across two towers of 28 floors each. The company will invest about Rs 250 crore over the next four years to develop this housing project. Madhusudhan G, Chairman & Managing Director of Sumadhura Group, said: "South Bengaluru has emerged as a vibrant growth corridor...we see this expansion as a natural step in our vision to create strategically developed and lifestyle-focused communities across Bengaluru." In the past 30 years, the company has delivered 54 projects comprising over 130 lakh square feet, and up to 400 lakh square feet area is in the pipeline. The

Brigade Enterprises aims ₹175 cr revenue from 20 acre project in Bengaluru

Realty firm Brigade Enterprises Ltd will develop a 20-acre project, comprising residential plots, in Bengaluru with an estimated revenue of Rs 175 crore. In a regulatory filing on Monday, the company said it has signed a joint development agreement (JDA) for a plotted development project in Malur, East Bengaluru. "... The project has a gross development value (GDV) of approximately Rs 175 crore and a total development potential of 0.45 million square feet," it said. The company did not mention the name of the landowner with whom it has signed the JDA. "We continue to identify high-potential land parcels that align with our long-term vision of creating well planned communities with a focus on quality, sustainability, and innovation," Pavitra Shankar, Managing Director, Brigade Enterprises, said. Malur, with its strategic location along the Satellite Town Ring Road (STRR) and Chennai Expressway, is emerging as an attractive residential destination, offering seamless connectivity to

FIR filed against IAF wing commander: What is the Bengaluru road rage case

IAF Wing Commander Shiladitya Bose claimed that a bike rider assaulted him, saying, 'This is Kannada land'

IAF officer booked for assaulting call centre worker in Bengaluru road rage

An FIR has been registered against a 40-year-old IAF officer based on a counter-complaint by a call centre employee, who was previously arrested on the officer's complaint in a road rage incident, police said on Tuesday. Indian Air Force Wing Commander Shiladitya Bose made an allegation in a video he shared that he was attacked and verbally abused by a group of Kannada-speaking individuals who chased him on a bike in Bengaluru early Monday morning. Terming it a case of road rage, police arrested Vikas Kumar, who works as a team head at a software company's call centre. Both parties have attacked each other, and some purported videos showed the IAF officer roughing up the accused, creating a scene for the onlookers. The officer was captured engaging in an argument with Kumar and beating him up in full public view, even as his wife tried to stop him. The incident occurred while the officer was on his way to the airport with his wife, who is also an Indian Air Force (IAF) officer. A c

Ex-Karnataka DGP Om Prakash found murdered at home, wife detained for probe

Preliminary investigations suggest the murder occurred between 4.30 and 5 pm after a heated argument between Om Prakash and his wife Pallavi

Karnataka's ex-DGP found dead at his home under mysterious circumstances

Former Karnataka Director General of Police Om Prakash was found dead under mysterious circumstances at his HSR Layout residence in Bengaluru on Sunday, police said. His body was found with injuries, raising suspicion that he may have been murdered, they added. The 68-year-old IPS officer from the 1981 batch was a native of Champaran in Bihar and held an MSc in Geology. He was appointed as the Director General of Police on March 1, 2015. Senior police officials rushed to the spot upon receiving the information. Police suspect the involvement of a close family member. The body has been sent for autopsy, and further investigation is underway.

Tempo collides with parked IndiGo plane at Bengaluru airport; none injured

Some reports suggested that the driver dozed off which resulted in the collision. However, IndiGo, in a statement, said the investigation is underway

Bengaluru's luxury apartment sales cross Rs 1,000 cr in FY25, shows data

Hebbal emerged as the frontrunner in Bengaluru's high-end luxury apartment market in the period, commanding 22 per cent of the total sales value

Assetz to launch 6.5 mn sqft in FY26, secures Rs 15,000 cr housing GDV

Since its inception in 2006, Assetz has delivered 20 residential and commercial projects, spanning approximately 15 million square feet

BluSmart halts bookings in NCR, Bengaluru as Sebi probes fund diversion

BluSmart co-founder Anmol Singh Jaggi has been accused by Sebi of diverting ₹26 crore from Gensol for personal expenses, including transfers to linked entities

London's Imperial College to open Indian hub in Bengaluru: Prez Hugh Brady

London's Imperial College is set to establish its Indian hub in Bengaluru to strengthen scientific, education and innovation partnerships between India and the UK, college President Hugh Brady said. The hub called "Imperial Global India" will be established as a Liaison Office and will focus on strengthening and co-creating new research partnerships between Imperial and leading universities and institutes in India, he said. It will also act as a communication channel to form closer ties with industry and policymakers and provide a platform for greater collaboration in innovation between India and the UK, he added. Sharing the development in an interview with PTI, Brady said Bengaluru is fourth in the series of Imperial Global network hubs following Singapore, San Francisco in US, and Accra in Ghana. He clarified that the hub will not be a branch campus of Imperial College, London which has been ranked second best university in the world and top in the UK in the latest QS World ...

Century Real Estate logs Rs 1,809 cr in FY25 Bengaluru sales, led by luxury

Century Regalia, located in Indiranagar, emerged as one of the brand's standout performers, contributing about Rs 1,000 crore to the company's top line

Realty advisory firm Grahm aims to invest about Rs 100 cr by FY26

Company to hire 300 employees, expand in 7 cities after Bengaluru

Karnataka minister faces flak for 'big city' remark on groping incident

Karnataka Home Minister G Parameshwara was speaking about a viral video, which shows a man molesting a woman in BTM Layout