17 hours ago

Aster DM Healthcare has announced an investment of INR 96 crore to expand its women and children's facility at Aster Whitefield Hospital in Bengaluru. The expansion will increase bed capacity from 380 to 539, enhancing specialised maternal and paediatric care services. The move comes amid rising demand for integrated healthcare in urban centres. As part of its broader growth strategy, Aster is also developing new hospitals in Yeshwantpur and Sarjapur. The expansion is expected to strengthen its presence in Karnataka, with total capacity set to reach 2,573 beds, highlighting continued growth in healthcare infrastructure and real estate.Read more

Bangalore News Desk

13 Apr 2026

AstraZeneca India has planned to sell its 64-acre manufacturing facility located in North Bengaluru for around INR 3,400 crore. The decision is part of a broader global restructuring exercise by its UK-based parent company, which is reviewing its manufacturing and supply network across markets. The asset sale reflects a continued focus on streamlining operations and monetising non-core infrastructure. The Bengaluru site, long associated with the company's production activities, is now being evaluated for divestment as AstraZeneca strengthens its focus on research, innovation, and digital healthcare capabilities in India and other key markets.Read more

Bangalore News Desk

09 Apr 2026

The Karnataka government has proposed amendments to the 2003 building bye-laws in Bengaluru, allowing deviations of up to 15% from approved plans, compared to the earlier 5% limit. The draft framework, open for public feedback until the end of April, introduces a compounding fee mechanism to regularise such deviations and enable issuance of occupancy certificates. The move is intended to address a large number of buildings unable to secure approvals due to minor violations. However, urban planners and civic experts have raised concerns regarding enforcement, safety, and legal compliance, warning that the proposal may legitimise unauthorised construction practices while altering long-standing planning norms.Read more

Bangalore News Desk

09 Apr 2026

The Bangalore Metro Rail Corporation Limited (BMRCL) has initiated the development of an elevated pedestrian walkway at Silk Board Junction in Bengaluru to connect the operational Yellow Line with the under-construction Blue Line. The project, estimated at around INR 59 crore, will span approximately 250 metres and include the city's first travelator within the metro network. A tender has been floated for civil, structural, and architectural works, with construction expected to take about nine months after contract award. The intervention addresses the absence of a direct interchange between the two corridors and is intended to streamline commuter movement across one of the city's busiest transit nodes along the Outer Ring Road.Read more

Bangalore News Desk

06 Apr 2026

BHIVE Workspace has leased approximately 1.4 lakh sq ft of office space at Phoenix Asia Towers in Hebbal, marking its entry into north Bengaluru's commercial real estate market. The facility, with a seating capacity of over 2,600 professionals, will offer a mix of co-working, managed offices, and enterprise suites. The transaction is part of the company's broader expansion strategy, which includes adding nearly 1 million sq ft of capacity in 2026 with an investment of around INR 250-300 crore. The deal also represents BHIVE's first collaboration with The Phoenix Mills Limited and reflects growing demand for large-format flexible workspaces in emerging business districts of Bengaluru.Read more

Bangalore News Desk

06 Apr 2026

The Bangalore Development Authority (BDA) has announced six new residential projects comprising 4,251 flats across multiple locations in Bengaluru, with a total investment of around INR 3,200 crore. The projects, currently under construction, span areas such as Konadasapura, Electronics City, Valagerahalli, Kalathammanahalli, and Kenchanapura, and include 1BHK to 4BHK units. The initiative reflects a shift towards vertical housing in response to land constraints and rising population pressures. The authority has also introduced an online allotment system to improve transparency. Previous housing schemes have seen over 13,000 flats completed, with more than 10,000 already allotted, indicating continued public participation in state-led housing delivery.Read more

03 Apr 2026

Indian Hotels Company Ltd (IHCL) has announced the signing of a 300-key greenfield Gateway Hotel and Convention Centre in Kanamangala, near Kempegowda International Airport, Bengaluru. The project is being developed in partnership with the Hombale Group and is positioned to cater to rising demand from corporate and MICE segments in north Bengaluru. The location has seen increased development activity due to airport-led growth and infrastructure expansion. With this addition, IHCL's portfolio in Bengaluru will expand to 20 hotels, including 11 under development. The signing reflects continued hospitality sector interest in airport-driven micro-markets within the city's northern corridor.Read more

Bangalore News Desk

03 Apr 2026

Enzyme Office Spaces has expanded its commercial real estate presence in Bengaluru by leasing approximately 3.5 lakh sq ft of office space across key micro-markets including Whitefield, HSR Layout, and Hebbal. The managed workspace operator plans to develop around 5,000 seats within these centres, taking its total seating capacity in India to nearly 60,000. The newly leased portfolio is expected to generate about INR 50 crore in annual revenue. The expansion reflects sustained occupier demand for flexible and managed office solutions, particularly from startups and global capability centres. The company, which currently manages nearly 2 million sq ft across cities, has also outlined further leasing plans for the upcoming financial year.Read more

Bangalore News Desk

01 Apr 2026

The Karnataka government has announced a comprehensive plan to reduce traffic congestion in Bengaluru by developing new roads, flyovers, tunnel routes, and double decker corridors at major entry and exit points of the city. Long-pending projects such as the Ejipura flyover are moving towards completion after contractor dues were cleared. Plans also include 300 km of roads alongside stormwater drains and proposals to extend Metro services to suburbs like Tavarekere. These measures aim to improve connectivity, reduce travel time, and integrate urban transit across the city.Read more

01 Apr 2026

IndiQube Spaces Ltd has leased over 48,000 sq ft of managed office space in Bengaluru to a healthcare technology firm for establishing a global capability centre (GCC), with the transaction valued at around INR 75 crore over five years. The deal reflects continued demand from multinational occupiers for flexible and managed workspaces in key IT markets. IndiQube, which operates across 17 cities with a portfolio exceeding 9.5 million sq ft, provides co-working and managed office solutions to corporate clients. The transaction highlights the role of flexible workspace operators in facilitating large-format office requirements for GCCs in India's commercial real estate sector.Read more

Bangalore News Desk

01 Apr 2026

Property tax collections in Bengaluru have recorded a significant shortfall of around INR 2,652 crore against a target of INR 6,700 crore for the current financial year, with total realisation standing at approximately INR 4,047.7 crore. The gap persists despite stepped-up enforcement actions, including property attachments and auction proceedings. The shortfall reflects ongoing compliance challenges across the city's tax base of over 21 lakh properties. While some zones such as South and East Bengaluru have performed relatively better, others, particularly North Bengaluru, continue to lag. The newly formed Greater Bengaluru Authority (GBA) and its five corporations are expected to take direct responsibility for revenue mobilisation going forward, highlighting the critical role of property tax in sustaining urban infrastructure and municipal finances.Read more

30 Mar 2026

VinFast Auto India has expanded its retail presence by opening its 50th dealership in Bengaluru, marking steady progress in its India growth strategy. The new 3S facility, developed with PPS Motors LLP, reflects the company's focus on premium customer experience and integrated sales and service. With plans to reach 75 outlets across 60+ cities by year-end, VinFast is strengthening its footprint beyond metros into emerging markets. Alongside retail expansion, the company is building a broader EV ecosystem, offering strong safety ratings, long warranties, and customer-focused initiatives to support electric vehicle adoption.Read more

30 Mar 2026

Brigade Enterprises Ltd has announced the launch of a new residential project, Brigade Lumina, in Bengaluru with an estimated revenue potential exceeding INR 7 billion. The development reflects the company's continued focus on expanding its residential portfolio in key urban markets. Bengaluru remains a priority market for Brigade Group due to steady housing demand and infrastructure growth. The project is expected to contribute to the company's upcoming sales pipeline and strengthen its presence in the city's competitive real estate market, where mid to premium housing demand has remained consistent.Read more

Bangalore News Desk

29 Mar 2026

South Western Railway has approved the quadrupling of the Whitefield Bangarpet rail corridor in Karnataka with an estimated cost of INR 1,481 crore. The 42-km stretch is a key route linking Bengaluru with Chennai and currently faces heavy congestion. The project will add two additional tracks, improving capacity for both passenger and freight movement. With special project status granted, faster land acquisition and approvals are expected. The upgrade is likely to reduce delays, improve punctuality, and benefit daily commuters from nearby towns.Read more

Bangalore News Desk

29 Mar 2026

Several apartment complexes in Bengaluru's Anekal region have come under regulatory scrutiny for discharging untreated sewage into Shikaripalya Lake, prompting action from the Karnataka State Pollution Control Board (KSPCB). Show-cause notices have been issued to multiple residential associations and an educational institution for failing to install mandated sewage treatment plants (STPs) and obtain regulatory approvals. The violations were identified during inspections conducted in the past few months, with authorities linking the lake's deteriorating condition to direct sewage inflow, rapid urbanisation and inadequate drainage infrastructure. The National Green Tribunal has also directed environmental audits across the lake's catchment. The development highlights growing compliance concerns in high-density residential clusters across Bengaluru's expanding peri-urban zones.Read more

28 Mar 2026

Sattva Group has announced the launch of Sattva City, a 50-acre residential township in North Bengaluru with an estimated gross development value of over INR 8,600 crore. The project is positioned around a 15-minute city planning approach, integrating residential, retail, social and lifestyle infrastructure within a single development. With nearly 84 per cent of the land allocated to open spaces and over 250 amenities, the project targets mid-to-premium housing demand in a corridor driven by airport-led infrastructure growth. The development reflects increasing focus on large-scale, self-sustained communities in Bengaluru's northern micro-market.Read more

Bangalore News Desk

27 Mar 2026

WeWork India Management Limited has announced plans to invest approximately INR 31 crore to expand its flexible workspace footprint in Bengaluru by leasing an additional 81,166 sq ft. The new facility is expected to accommodate around 1,256 desks and is scheduled to become operational by May 2026. The investment will be funded through a mix of internal accruals and debt. This expansion comes amid sustained demand for flexible office solutions in Bengaluru, which remains a key commercial real estate market. The company has also undertaken parallel expansion in Pune, adding further capacity through new agreements, reflecting continued growth in enterprise-led workspace demand across major urban centres.Read more

27 Mar 2026

India's office market saw steady growth in the past quarter, with gross leasing across seven major cities rising 15 per cent year-on-year to 18.3 million sq ft, according to Colliers India. Strong demand from occupiers and the continued expansion of Global Capability Centres (GCCs) supported leasing activity despite global uncertainties. Bengaluru remained the top contributor, while Hyderabad and Pune recorded sharp growth. However, Delhi-NCR and Chennai saw a decline in leasing volumes. The data reflects a mixed but overall resilient office market, with demand concentrated in key technology-driven cities.Read more

Bangalore News Desk

27 Mar 2026

Embassy Developments Limited has disclosed that its subsidiary, Embassy East Business Park (EEBP), has been directed by the Karnataka Industrial Areas Development Board (KIADB) to surrender approximately 78 acres of land in the Kadugodi Industrial Area, Bengaluru, within 30 days. The order, issued earlier this month under provisions of the Karnataka Industrial Areas Development Act, 1966, alleges violations of a lease-cum-sale agreement executed in 2007 and valid until 2029. KIADB has cited unauthorised agreements with third parties as the basis for action. The company has denied the allegations, stating that all sub-lease arrangements were undertaken with necessary approvals. It is currently evaluating legal options and plans to challenge the directive before the Karnataka High Court.Read more

26 Mar 2026

Brigade Enterprises Ltd has launched a new residential project, Brigade Belvedere, with an estimated revenue potential exceeding INR 11 billion. The initial phase of the project includes two residential towers offering 773 premium housing units. The launch reflects the company's continued focus on expanding its residential portfolio amid steady housing demand in key urban markets. Brigade Group has been actively introducing new developments in recent years to strengthen its presence, particularly in the mid to premium housing segment, aligning with evolving buyer preferences and urban growth trends.Read more