Page 6 - Bengaluru

Apple rents 270K sq ft office space in B'luru, to pay ₹1K cr in 10 years

Apple India signs a 10-year lease for 2.7 lakh sq ft office space in Embassy Zenith, Bengaluru, with a total rental outlay of Rs 1010 crore, marking its second office in India's tech hub

Air India Express flight aborts first landing at Gwalior, lands safely

An Air India Express flight from Bengaluru with 160 passengers on board failed to land at the Gwalior airport in the first attempt on Saturday afternoon but landed safely in the second attempt, an official said. The airline said the flight "conducted a go-around followed by a safe and uneventful landing". The aircraft later took off for Bengaluru and reached there safely, Gwalior airport director A K Goswami told PTI. The failure to land in the first attempt caused panic among the passengers for a brief while, he said. "Technical staff examined the aircraft after landing and found no fault," he added. Goswami also said that a failure to land in the first attempt is a normal occurrence. Some passengers lodged complaints with the airport and airline officials after deboarding, another official said. An Air India Express spokesperson said in a statement that "one of our aircraft conducted a go-around followed by a safe and uneventful landing at Gwalior". "Crew are trained to carry

Bengaluru's Sarjapur, Thanisandra see 80% rise in housing prices: Report

Bengaluru's Sarjapur Road and Thanisandra Main Road have witnessed around 80 per cent growth in average housing prices in the past three and a half years, according to Anarock. Real estate consultant Anarock data showed that the average housing prices at Sarjapur Road appreciated by 79 per cent to Rs 10,800 per sq ft in April-June this year from Rs 6,050 per sq ft at 2021-end. Thanisandra Main Road, located in the north Bengaluru, saw an 81 per increase in prices to Rs 9,700 per sq ft from Rs 5,345 per sq ft. "Sarjapur Road has long been part of Bengaluru's eastern IT corridor, but the promise of the Red Line Namma Metro connecting Hebbal to Sarjapur has fuelled a fresh wave of interest," the consultant said. Thanisandra Main Road's proximity to Manyata Tech Park and improving road connectivity have made it a magnet for mid-to-upper-income IT professionals, it added. Rental values too have increased sharply at Sarjapur Road and Thanisandra Main Road by 81 per cent. Across 14 ke

PM flags off 3 Vande Bharat trains, inaugrates a metro line in Bengaluru

Prime Minister Narendra Modi flagged off three Vande Bharat Express trains here on Sunday. While the much-awaited BengaluruBelagavi Vande Bharat Express was flagged off by Modi in person; the Shri Mata Vaishno Devi KatraAmritsar, and Ajni (Nagpur)Pune Vande Bharat services, were launched virtually. These trains will significantly enhance regional connectivity, reduce travel time and provide a "world-class" travel experience to the passengers, officials said. Karnataka Governor Thaawarchand Gehlot, Chief Minister Siddaramaiah, Union Minister for Railways Ashwini Vaishnaw, among others were present. A large number of people who had gathered on both sides of the road greeted the Prime Minister with "Modi, Modi" slogans as his convoy made its way towards the railway station. Modi too responded by waving at them from inside his car. The BengaluruBelagavi Vande Bharat Express will be the 11th Vande Bharat service to operate in Karnataka. Covering 611 km in just 8.5 hours, it is the fa

Karnataka gears up for PM Modi's visit to inaugurate development projects

Preparations are ongoing near Ragigudda Metro Station, and Bellary Road has been decorated ahead of the event

Sumadhura Group invests ₹1,000 cr in Capitol Towers for commercial use

Sumadhura Group secures long-term leases from global tenants at its Capitol Towers tech park in Whitefield, projecting Rs 50 crore annual revenue from 5 lakh sq ft of space

SAP Labs opens second campus in Bengaluru with €194 mn investment

The new facility will host 15,000 employees as SAP strengthens its AI-led R&D footprint in India, its largest base outside Germany, aiming to double client productivity

IndiGo commences construction work for new MRO facility in Bengaluru

Domestic carrier IndiGo has commenced construction work on its new maintenance, repair and overhaul (MRO) facility here, with the groundbreaking ceremony taking place at the Kempegowda International Airport on Tuesday. To be built on 31 acres of land, theO with a capacity of up to 12 bays and the capability to handle both narrow and wide-body aircraft will be fully functional by 2028, IndiGo said. The ceremony was attended by the Commissioner for Industries in the Karnataka Government, Gunjan Krishna, IndiGo Chief Executive Officer Pieter Elbers, Bangalore International Airport Ltd's CEO Hari Marar, among others. IndiGo had signed a memorandum of understanding with BIAL for the allocation of land in May. This facility will also create over a thousand jobs across engineers, technicians and several more, further contributing towards nation building, IndiGo said. "We are very excited as we commence the project to build this grandO facility in Bengaluru. This also strengthens our ...

Assetz acquires 11.5 acres in Bengaluru for ₹1,400 crore housing project

Luxury housing project on East Bengaluru's Old Madras Road to span 1.4 mn sq ft and 800 units, backed by Motilal Oswal Alternates and partnered with Vanshee Builders

Datanomics: India's huge traffic congestion crisis in global spotlight

Kolkata, Bengaluru, and Pune rank among the world's top five most congested cities; Delhi escapes top 50 despite leading in vehicle registrations

Air India Express flight returns to Bengaluru airport due to technical snag

The airline had provided guests with options, including hotel accommodation, complimentary rescheduling, or cancellation with a full refund

PM to inaugurate Bengaluru's Yellow Line Metro on Aug 10: Tejasvi Surya

BJP leader Tejasvi Surya on Sunday announced that Prime Minister Narendra Modi will inaugurate the Yellow Line Metro Rail on August 10. In a post on X', the Bengaluru South MP said, PM Sri @narendramodi Ji will inaugurate the all important Yellow Line metro on August 10. On behalf of all people of Bengaluru, I thank PM for always prioritising infrastructure development of our city." The Yellow Line is expected to benefit nearly eight lakh commuters and ease traffic congestion in key areas, including the notorious Silk Board junction. According to Surya, pubic transport is the only long-term solution to Bengaluru's traffic woes. With the August 10 inauguration, the Metro project would meet the August 15 deadline. He credited the timely launch to Modi's personal push to ensure that the line is open to public without any further delay. Surya, who is also the BJYM national president, quoted Union Urban Affairs Minister Manohar Lal Khattar, who said on X', I am pleased to announce that

L&T terminated contracts of suburban rail project illegally, says K-RIDE

The termination of two contracts for Corridor-2 and Corridor-4 of the Bengaluru Suburban Rail Project (BSRP) by Indian multinational conglomerate Larsen & Toubro is a clear violation of agreement conditions, said officials of K-RIDE, a joint venture between the government of Karnataka and the Ministry of Railways, on Saturday. L&T had terminated the contract on July 31, added K-RIDE. "L&T has made unreasonable demands of revising contract price within the contract period and converting EPC contract into an itemised Bill of Quantities (BOQ) contract, even though contract condition does not permit the same," stated a press release issued by K-RIDE on Saturday. According to the release, L&T had entered into two agreements to perform the work assigned to them in the Corridor-2 (Chikkabanavara to Benniganahalli) and Corridor-4 (Heelalige to Rajankunte) of the suburban railway project, added the release. Originally, the scheduled completion time for Corridor-2 (C2) was 27 ...

BIAL raises ₹9,000 crore through unlisted NCDs to fund airport expansion

Bangalore International Airport Limited (BIAL) -- the joint venture company operating Bengaluru Airport -- on Friday said it has completed the issuance of unlisted non-convertible debentures (NCDs) worth Rs 9,000 crore. The transaction is being undertaken in two tranches -- Rs 4,362 crore completed on July 25 and Rs 4,638 crore scheduled for early October this year -- BIAL said in a statement. "BIAL has successfully concluded the largest unlisted private placement of non-convertible debentures (NCDs) in India's airport sector, raising a total of Rs 9,000 crore. With a 15-year tenure, the refinancing allows the company to conserve capital and focus resources on funding future expansion plans," it said. The transaction witnessed overwhelming investor demand across the spectrum, including banks, insurance companies, infrastructure debt funds (IDFs), and public financial institutions (PFIs), reflecting the market's strong belief in BIAL's long-term vision and governance, it stated. The

Karnataka to host 'Quantum India Bengaluru Summit' from July 31 onwards

The Karnataka government is all set to host a two-day 'Quantum India Bengaluru Summit' here starting from July 31, officials said on Wednesday. Chief Minister Siddaramaiah will inaugurate the summit, while Deputy Chief Minister D K Shivakumar will release the 'Karnataka Quantum Roadmap'. Through this summit, the government aims to showcase quantum technology to the world and strengthen Karnataka's leadership in this transformative field, they said. According to an official statement, state Minister for Science and Technology N S Boseraju has conducted several preparatory meetings, engaging with private technology companies, startups, and representatives from various technical institutions. The landmark event will witness participation from quantum experts representing eight countries and over 1,000 delegates from across India, it said. The summit will also be attended by IT & BT Minister Priyank Kharge, Higher Education Minister M C Sudhakar, Revenue Minister Krishna Byre Gowda,

Rahul Gandhi to protest against 'votes theft' in Bengaluru on Aug 4

Congress leader Rahul Gandhi, who recently claimed that his party has figured out the modus operandi of the "votes theft" by studying a Lok Sabha constituency in Karnataka, will participate in a protest in Bengaluru on August 4 and submit a representation to the Election Commission officials here. Amid the raging row over the revision of electoral rolls in Bihar, the Leader of the Opposition in Lok Sabha, on July 23, alleged that elections are being "stolen" in India and claimed that his party has figured out the modus operandi of the "votes theft" by studying a LS constituency in Karnataka. "Rahul Gandhi has raised voice against irregularities in elections. He had said that such things had taken place in Karnataka too, so he is coming here to give representation to the Election Commission officials. He is coming on August 4," state Home Minister G Parameshwara said. Speaking to reporters here, he said the Karnataka Pradesh Congress Committee will be organising a programme (protest)

Bengaluru Traffic Police push for Wednesday WFH to tackle road congestion

Joint initiative by Bengaluru traffic police, BBMP, and BMTC aims to ease ORR gridlock with Wednesday WFH, staggered shifts, and shuttle services

Indian homebuilder Sobha's Q1 profit up 125% on premium housing demand

Indian real estate developers have capitalized on a post-pandemic shift in buyer preferences towards larger, amenity-rich apartments by securing land deals and swiftly launching new projects

Embassy REIT raises ₹2,000 crore through non-convertible debenture

The proceeds from the 10-year NCD issue will be used for refinancing debt, resulting in interest savings

Here's why Gen Z, millennials are opting for co-living spaces in big cities

More Gen Z and millennials in cities like Bengaluru and Mumbai are choosing co-living spaces over PGs for flexible stays, affordable rent, better amenities, and a built-in community