Bengaluru development body to build apartment complex in Konadasapura – ET RealEstate

BENGALURU: Even as the Bengaluru Development Authority (BDA) is struggling to sell nearly 3,000 flats located mostly in the outskirts of the city, its love for constructing new apartments has not diminished. The authority has put forth a new proposal with regard to building a premium apartment complex on the 130-acre land in Konadasapura near […]

Bengaluru: Flat owners move court against deed of declaration registrations – ET RealEstate

BENGALURU: The high court has ordered notice to the state government in a public interest litigation (PIL) filed by Bangalore City Flat Owners’ Association. The petitioner-association has sought for a direction to forthwith stop the registration of Deed of Declaration (DoD), with or without bylaws. DoD is a document giving details of the apartment, its […]

IndiQube targets over four million sq ft of flex-office by 2021 – ET RealEstate

Representative Image BENGALURU: Flexible office operator IndiQube plans to expand its managed office business across Bangalore, Pune and Hyderabad as the demand for serviced offices is expected to grow in 2021. The firm that operates around 2.5 mn sft serviced offices across major cities plans to add another 2 mn sq ft space by the […]

315Work Avenue leases around 1,00,000 sq ft workspace in Bengaluru – ET RealEstate

File photo BENGALURU: Flexible office provider, 315Work Avenue has leased one lakh sq ft of office space in Bangalore to cater to the growing demand from large enterprises. The new office will be spread across two properties located at Koramangala and old Madras road in Bangalore and will have around 2000 seats. “In the current […]

IQI India to acquire commercial and retail assets, to invest Rs 100 crore – ET RealEstate

NEW DELHI: Malaysia-headquartered IQI, an real estate agency and advisory firm, has launched operations in India with plans to invest Rs 100 crore to acquire grade A commercial and retail assets in the country, a senior official said. Besides facilitating real estate transactions, the company is looking to acquire fresh land to construct residential and […]

Double allotment of Bengaluru development body’s sites continues to trouble buyers – ET RealEstate

BENGALURU: Many in the city, looking to construct a home, prefer residential sites developed by the Bangalore Development Authority (BDA) because they are supposed to be litigation free. But what to do when the sites sold by the BDA are under litigation and underdeveloped? If a letter written to the BDA Secretary by the Revenue […]

MYRE capital acquires 46,000 sq ft at Pune at Rs 50 crore – ET RealEstate

MYRE capital, a venture by architect firm Morphogenesis, has acquired 46,000 sq ft of grade A+ commercial assets at Pune’s Magarpatta for Rs 50 crore. The rent yielding asset will be offered to investors on its platform as the company looks to acquire more assets in Mumbai, Pune, Bengaluru and Delhi-NCR to offer them for […]

Net absorption of office spaces dips 44% in 2020: JLL India – ET RealEstate

NEW DELHI: In 2020, the net absorption of office spaces in top seven cities dipped by 44% when compared to 2019, according to JLL India. In 2019 the net absorption crossed 46 million sq ft while in 2020 it has reached about 25.82 million sq ft. In the Jan-March 2020 quarter the net absorption was […]

WeWork India opens 1.65 lakh sq ft space in Embassy Manyata NXT in Bengaluru – ET RealEstate

NEW DELHI: WeWork India has launched about 1.65 lakh sq ft flexible workspace in Embassy Manyata NXT building in Bengaluru. The location has capacity of over 3,500 desks. Karan Virwani, CEO of WeWork India, said, “The new location is customised to fit the needs of all enterprises, SMEs, startups and entrepreneurs.” It will be the […]

Residential rentals take a hit on job losses, WFH model – ET RealEstate

BENGALURU | MUMBAI: Residential property rentals across major markets have witnessed negative to negligible appreciation this year as an increasing number of young professionals prefer vacating rented homes and paying-guest accommodations or are seeking rent relief. The emergence of the work-from-home model and the economic fallout of the Covid-19 pandemic, including job losses and salary […]