Bangalore News Desk

26 Feb 2026

The Rail Land Development Authority (RLDA) of India has issued a request for proposal to lease a 34,517 sqm tract of railway land within the Yeshwantpur railway colony in Bengaluru for 99 years to enable a private residential development. Under the proposed arrangement, the selected developer will both construct new apartments for sale and undertake the redevelopment of existing staff quarters 316 units currently used by South Western Railway personnel which will remain reserved for railway staff. The project, with an estimated cost of INR 119 crore, will generate lease revenue shared between RLDA and the developer. E-bids must be submitted by 18 March. The initiative, presented as revenue generation, has attracted debate on optimal use of railway land against broader infrastructure needs.Read more

Bangalore News Desk

24 Feb 2026

The Greater Bengaluru Authority (GBA) has initiated a first-of-its-kind enforcement action to recover long-standing property tax arrears, auctioning seven defaulting properties after repeated attempts to secure payment failed. With outstanding dues totalling about INR 437 crore across nearly 7,000 units, the civic body moved to public auction as a last resort following notices, field visits and recovery drives by the former Bruhat Bengaluru Mahanagara Palike and the newly formed city corporations. Five properties in the East City Corporation area and two in the North City limits were successfully sold, while listings in the Central zone attracted no bidders. During bidding in the KR Puram division, 19 defaulters settled their dues when auctions began, and one property was withdrawn due to encroachment concerns. Deputy Chief Minister D K Shivakumar reiterated that affluent owners, including those earning rental income, would not be spared from tax enforcement.Read more

Bangalore News Desk

24 Feb 2026

Thousands of flats and villas built by the Bangalore Development Authority (BDA) on the outskirts of Bengaluru are facing persistent sales headwinds, with 2,294 units still unsold years after completion despite being priced below comparable private developments. Various attempts to stimulate demand including property exhibitions, bulk-purchase discounts and a 5 per cent rebate on select projects have yielded limited interest, according to local reports. Prospective buyers and existing owners cite inadequate infrastructure and poor connectivity as key deterrents, with many layouts still lacking proper roads, street lighting and essential civic services. Maintenance concerns have also emerged in the absence of functional residents associations, while issues such as seepage in some buildings have further dampened appeal. Even villas launched three years ago have seen only 16 of 100 units sold, underscoring persistent demand challenges for BDA housing stock.Read more

23 Feb 2026

Puravankara Limited has announced the launch of Purva Silversky, a premium residential development located at Hebbagodi in Electronic City, off Hosur Road, Bengaluru. Spread across nearly 6.99 acres, the project comprises 356 residences housed in three 32-storey towers and is positioned as a low-density development with a strong focus on privacy and open spaces. Nearly 88% of the project area is open-to-sky, with only four homes planned per floor. Strategically situated close to major IT hubs, the project benefits from metro connectivity, with Huskur Metro Station located around 900 metres away. Offering large-format 3, 4 and 5 BHK homes, the development is targeted primarily at end-users seeking spacious homes, strong workplace proximity and a comprehensive lifestyle environment within one of Bengaluru's most established technology corridors.Read more

21 Feb 2026

Mysuru City Corporation (MCC) has started constructing a construction and demolition (C&D) waste processing facility costing INR 11.7 crore on a 9 acre site at Hanchya Sathagalli, near the Outer Ring Road. The plant will process around 100 tonnes of C&D waste daily, addressing a significant portion of the city's 500 tonnes of daily solid waste. Preparations include site groundwork, collection of debris, and deployment of tippers. The project also aims to reduce illegal dumping and improve recycling ahead of a Union ministry cleanliness survey scheduled for mid-March.Read more

Bangalore News Desk

20 Feb 2026

The Bangalore Development Authority has replaced its uniform 10 per cent penalty on vacant sites with a graded penalty structure ranging from 2.5 per cent to 10 per cent of the guidance value, following concerns from allottees. The change applies to plot owners who did not commence construction within the stipulated five-year period under their lease-cum-sale agreements. Penalty rates will be determined by site size and, where applicable, based on the guidance value prevailing at the time of construction or the lower of alternative calculations involving Marginal Cost of Funds-based Lending Rate (MCLR) plus 2 per cent interest. Plot owners may opt to surrender sites instead of paying penalties, with 12.5 per cent of the amount already paid withheld before any refund. The revised structure aims to better reflect proportionality and ease financial burden on smaller plot holders, though certain layouts are excluded from the new regime. Allottees who have already paid the earlier flat penalty are not eligible for refunds.Read more

20 Feb 2026

Japanese aircraft interiors maker Jamco Corporation is set to establish a Product Engineering Centre in Bengaluru, marking a key expansion of its engineering and manufacturing footprint in India's aviation sector. The centre will focus on developing and manufacturing full-scale aircraft interior components for leading global airlines including Boeing and Airbus, underlining India's growing role in the aerospace supply chain. Company leaders noted that the investment deepens Jamco's long-term commitment to the region, supported by Karnataka's strong aerospace ecosystem and skilled workforce.Read more

19 Feb 2026

Festo has inaugurated a new Global Capability Centre (GCC) in Bengaluru as part of its strategy to advance Industry 4.0, automation and smart manufacturing. The 71,000 sq ft facility near Electronics City will accommodate up to 600 employees and marks a significant milestone as the company completes 40 years of operations in India. Designed as a strategic engineering and digital hub, the centre will focus on advanced engineering, software development, data analytics and process optimisation to support Festo's global operations. The investment reinforces Bengaluru's position as a leading technology destination while strengthening Festo's commitment to sustainable automation and global research and development initiatives.Read more

Bangalore News Desk

18 Feb 2026

The Bangalore Development Authority (BDA) has established a two-member committee of retired district judges to investigate a controversial demolition drive carried out in the Thanisandra area of north Bengaluru on 8 January, which has sparked allegations of improper procedure and possible land grab. The authority said the panel will review whether legal processes were followed in the removal of structures on land it claims as BDA property in Arkavathi Layout, a move that followed earlier encroachment clearance operations in the city. Residents and affected families have contested the demolitions, asserting that dozens of homes were razed without adequate notice and that many occupants had documents such as e-khata certificates and tax receipts. The inquiry is expected to begin after late February and assess documents including proof of occupation and notices served before the demolition.Read more

17 Feb 2026

Shriram Properties Limited (SPL) has acquired a nearly 4-acre land parcel on Sarjapur Main Road in South-East Bengaluru and plans to develop a premium high-rise residential project with an estimated gross development value (GDV) of around INR 550-600 crore. The proposed project will offer about 5 lakh sq. ft. of saleable area and is expected to be launched in the latter part of 2026. Strategically located near key hubs such as Whitefield, Varthur and Outer Ring Road, and close to the upcoming Dommasandra Metro Station, the development aims to tap sustained demand in the Sarjapur micro-market. The acquisition strengthens the company's pipeline in one of Bengaluru's fastest-growing residential corridors.Read more

16 Feb 2026

Bengaluru FC has entered into a strategic partnership with Century Real Estate, onboarding the developer as a Principal Sponsor and exclusive back-of-jersey partner for the upcoming Indian Super League season. Under the agreement, Century Real Estate's logo will feature on the back of the club's match jerseys, along with branding across stadium assets, fan engagement zones and digital platforms. The partnership brings together two Bengaluru-based institutions with deep-rooted ties to the city. Both organisations said the collaboration reflects a shared commitment to community engagement, long-term growth and strengthening Bengaluru's sporting and cultural presence on the national stage.Read more

Bangalore News Desk

13 Feb 2026

The Bangalore Development Authority (BDA) is considering changes to its penalty regime for vacant residential sites after acknowledging that the existing flat penalty has not achieved its intended results. Under the current policy, allottees have been subject to a uniform penalty equivalent to 10 % of the prevailing guidance value for land that remains undeveloped, yet compliance has been low as many plot holders have neither paid the levy nor begun construction. At a recent governing council meeting, officials discussed replacing the flat rate with a graded structure tied to plot size and construction timelines, with lower rates for smaller plots and early development. The aim is to encourage allottees to build on their land and reduce speculative holding, addressing concerns about idle sites that attract encroachment and other issues across the city's layouts.Read more

Bangalore News Desk

12 Feb 2026

Ride-hailing and electric vehicle firm Ola has surrendered more than 1.7 lakh sq ft of leased office space in Bengaluru, reflecting broader operational recalibration amid increased integration of artificial intelligence (AI) and automation in its business processes. The space released includes about 1.12 lakh sq ft at Prestige RMZ Startech in Koramangala and roughly 60,000 sq ft at Infozone in Electronic City, where Ola runs a battery innovation centre. Sources said the move is part of internal consolidation and cost optimisation rather than an indication of weakness in Bengaluru's office market, which continues to attract demand from global consulting and capability centres. Ola continues to retain a significant office footprint in the city, including renewed leases for its core operations area, even as automation has reduced the need for larger call-centre and administrative workspaces.Read more

10 Feb 2026

Mahindra Lifespace Developers Ltd has entered into a joint venture with Japan's Mitsui Fudosan Group to develop a premium residential project in Whitefield, Bengaluru. The project, named Mahindra Blossom, marks the first development under the strategic partnership and will comprise around 730 homes. While the company has not disclosed the total project cost or expected revenue, it said the collaboration aims to integrate Mitsui Fudosan's global expertise in design, sustainability and customer experience into Indian residential development. The Japanese developer views India as an attractive residential market driven by economic growth and urbanisation, with the project representing its entry into the country's housing sector. Mahindra Lifespace continues to expand its residential and integrated development footprint across multiple Indian cities.Read more

09 Feb 2026

Arvind SmartSpaces Ltd has acquired a 4.7-acre land parcel on Sarjapur Road, Bengaluru, on an outright basis to develop a residential housing project with an estimated saleable area of around 6.8 lakh sq ft. The project carries a topline revenue potential of approximately INR 860 crore and marks a further expansion of the company's vertical residential portfolio in the city. The acquisition strengthens Arvind SmartSpaces presence in one of Bengaluru's key residential corridors, following its earlier additions in the market. The developer entered Bengaluru in 2013 and has steadily expanded its footprint across the region. With multiple projects already delivered and several under development, the company continues to focus on high-growth urban markets as part of its broader residential expansion strategy.Read more

08 Feb 2026

Real estate demand in Bengaluru has strengthened around metro corridors, with homebuyer interest rising between 8 per cent and 19 per cent in areas close to operational metro stations, according to recent data. Residential prices in established metro-linked neighbourhoods such as Rajajinagar and Jayanagar have risen by double digits, while rental values near key metro stops have climbed by as much as 18 per cent. Data shows that both demand and price growth around the Purple Line, Green Line and Yellow Line outpaced the broader city averages, underlining how improved connectivity is shaping buyer and tenant preferences. Even localities without direct metro access have recorded price appreciation, as expectations of future connectivity continue to be factored into valuations, with Whitefield, K.R. Puram and Electronic City among the areas reporting notable growth.Read more

Bangalore News Desk

07 Feb 2026

The Bangalore Development Authority has intensified efforts to educate residents about illegal layouts across the city. After a survey revealed 278 unauthorised settlements, mostly on converted agricultural land, the BDA plans to issue 20-30 public notices explaining legal requirements, mandatory approvals, and responsible authorities. While the state government is framing stricter B-Khata to A-Khata conversion norms to protect buyers, activists caution that blanket amnesty could legitimise poorly planned layouts, complicating civic planning and post-occupancy infrastructure. Authorities urge citizens to verify approvals before investing in any layout.Read more

06 Feb 2026

Alphabet is expanding its footprint in Bengaluru by leasing one office tower in Alembic City and holding options for two more, potentially accommodating 20,000 additional staff. The company currently operates from three offices in the city and launched one of its largest offices worldwide there in 2025. This expansion aligns with India's growing tech prominence and the increasing relocation of U.S. companies' critical work due to stricter immigration rules. Alphabet's broader plans include a USD 15 billion AI data centre in Andhra Pradesh, reflecting long-term investment in the country.Read more

06 Feb 2026

Menzies Aviation has secured a 15-year ground handling licence at Kempegowda International Airport, Bengaluru, strengthening its presence at one of India's busiest airports. The licence, awarded by Bangalore International Airport Limited, will come into effect from 1 April 2026, subject to regulatory approvals. Menzies will provide passenger, ramp and baggage handling services across both terminals. The company plans to invest over USD 9.2 million in equipment and hire around 1,000 employees, building on its long-standing cargo operations at the airport.Read more

Bangalore News Desk

06 Feb 2026

Residents in several Bangalore Development Authority (BDA) layouts are welcoming their transition into the governance framework of the Greater Bengaluru Authority (GBA), seeing it as a milestone in civic rights and democratic participation. Under the new model, areas long outside the direct remit of city municipal governance will be integrated into the GBA's five municipal corporations, offering residents elected representation, structured municipal budgets and formal channels for grievance redressal. Communities in neighbourhoods such as Banashankari 6th Stage, JP Nagar 8th and 9th Phases, Anjanapura Township and Sir M Visvesvaraya Layout have for years experienced limited accountability and deteriorating infrastructure due to administrative gaps. The handover to GBA is expected to conclude in the coming weeks, with residents hopeful that enhanced civic management will strengthen service delivery and local engagement. The move follows broader administrative reforms that dissolved the older civic body and instituted a decentralised governance structure.Read more