31 Jul 2023

Fidelity International expands its presence in India with a state-of-the-art office in Bengaluru, complementing its Gurugram and Mumbai offices. The strategic move aims to tap into a new talent pool while reinforcing its commitment to the country's dynamic business landscape. Situated in Manyata Embassy Business Park, the 25,000-square-foot office is designed for 700 to 800 professionals. The company is hiring diligently and plans to appoint a local head. India plays a vital role for Fidelity International, encompassing technology, operations, research, client service, cyber security, and shared services. This expansion promises a bright future of innovation and collaboration.Read more

29 Jul 2023

Indian edtech startup Byju's has taken measures to reduce office spaces in Bengaluru as it faces financial challenges and attempts to cut costs. The downsizing process involves reducing workspace from multiple floors to only a few. Sources close to the matter state that the company’s main corporate office, which initially spanned across six floors, is now operational on only three floors. This move comes amidst financial and legal challenges the company is currently facing. This decision is being seen as a response to the company’s financial difficulties and a shift in its business priorities.Read more

27 Jul 2023

Bengaluru's civic body has announced the creation of zonal-level teams tasked with verifying a total of 45,133 recently issued A khatas, with approximately 90% of them suspected to be illegal. The move comes as part of the city's efforts to tackle unauthorized land transactions. Any A khatas found to be invalid will be reverted to B khata status. This comprehensive verification process aims to rectify the prevalence of illegal land holdings and ensure transparency and legality in property ownership.Read more

25 Jul 2023

Residents in Bengaluru have voiced alarm over safety issues stemming from a local builder's disregard for setback norms in the ST Bed Layout area. The negligence has resulted in hazardous traffic conditions, including a perilous blind curve. Amidst growing concerns and resident protests, local authorities intervened to halt construction. However, questions remain about the project's initial authorization and the oversight of building regulations.Read more

20 Jul 2023

Bengaluru's civic body, the Bruhat Bengaluru Mahanagara Palike (BBMP), has announced plans to extend its 'Road Reader' initiative, adding property tax data to the existing QR code system on street nameboards. This innovative measure is intended to boost awareness about property tax payments and enhance collection rates. BBMP's Special Commissioner (Finance) Jayaram Raipura said the initiative would "nudge defaulters" and promote civic duty, with a Rs 1.5 crore investment planned to expand the project.Read more

19 Jul 2023

Enzyme Office Spaces, a leading provider of plug-and-play office solutions in Bengaluru, is expanding its managed workspace portfolio with a new facility in Whitefield. The 1 lakh square feet workspace, set to be operational by November 2023, will cater to the growing demand for flexible workspaces in the city. With this expansion, Enzyme Office Spaces will offer over 27,000 seats across Bengaluru. The company's success reflects the increasing popularity of managed workspaces, driven by cost efficiencies and the rise of hybrid work models. Enzyme Office Spaces aims to support emerging start-ups in sectors like fintech and AI, providing cost-effective infrastructure solutions.Read more

18 Jul 2023

Property Share achieves a significant milestone by acquiring Phase I of Prestige Tech Platina, a Grade A property in Bangalore spanning 533,000 square feet. Valued at Rs 370 crore, this acquisition positions Property Share as the leading tech-enabled commercial property investment platform in India. The property boasts a prestigious tenant, attractive rental yield, and a secure lock-in period, aligning with Property Share's vision of premium assets in sought-after locations. Property Share aims to raise the total value of listed properties to Rs 2,500–3,000 crore in the coming year.Read more

18 Jul 2023

Global leader in smart, sustainable building technology, Johnson Controls, has inaugurated its most advanced OpenBlue Innovation Centre in Bengaluru, India. This cutting-edge facility integrates cloud, edge, and AI technologies, demonstrating the potential of net-zero building technology. The centre also introduces the first experiential zone in India, providing real-time demonstrations of advanced building technology in action, and plans to become a strategic hub for smart building innovation in India.Read more

17 Jul 2023

In a testament to the soaring demand for coworking spaces, 315Work Avenue has leased 400 seats in Bangalore to a leading financial services technology provider. The workspace, located in Indiranagar, offers state-of-the-art infrastructure and caters to diverse client needs. With 40,000 seats managed across prime locations, 315Work Avenue aims to add another 2 million square feet this year. The founder highlights the advantages of coworking, such as cost savings, productivity boosts, and enhanced employee experiences. India's flexible space market is expected to surpass 80 million square feet by 2025, promising a bright future for this innovative industry.Read more

15 Jul 2023

An investigation committee in Bengaluru has uncovered 9,736 properties that were illegally registered as A-khata instead of B-khata. The Bruhat Bengaluru Mahanagara Palike (BBMP) has decided to revert these properties back to the B-khata registry. The issue came to light following a complaint by a former councillor, prompting the formation of a review committee. Detailed reports were prepared by revenue officials and submitted in June, revealing the extent of the illegal registrations. The BBMP plans to take appropriate action against the revenue officials involved. Moving forward, the committee will scrutinize subdivision-wise reports to address the issue of illegal A-khatas.Read more

14 Jul 2023

Karnataka Chief Minister Siddaramaiah has announced plans for two Metro rail projects in Bengaluru with a combined worth of Rs 31,328 crore. The proposed Metro Phase-3 project covers 45 km and a new Metro line is proposed to span 37 km. The Chief Minister aims to expand the Metro network from 70 km to 176 km within the next three years. Siddaramaiah criticized the previous government's failure to implement the Bengaluru Suburban Rail Project, which aims to alleviate traffic congestion. He revealed the total allocation for the project and highlighted ongoing work on the airport metro line. The proposals aim to enhance public transportation infrastructure and address the city's mobility needs.Read more

10 Jul 2023

Century Real Estate launched Century Eden Prime, a premium plotted development that quickly sold 75 percent of its plots within 10 days. Situated on Yelahanka-Doddabalapura Main Road in Bengaluru, this project offers high appreciation potential and features a 16,000 sq. ft. clubhouse with a range of amenities. The success of the launch demonstrates customers' trust in Century Real Estate's brand and their appreciation of the value provided. With a strong commitment to elevating standards and creating exceptional living experiences, Century Real Estate continues to meet market demands with innovative developments that cater to the changing needs of buyers.Read more

08 Jul 2023

Flipkart's Senior Vice President, Amitesh Kumar Jha, has purchased a luxury villa in the prestigious Adarsh Palm Retreat in Bangalore for a whopping Rs 15.5 crore. The transaction for the property, which spans a super built-up area of 4245 sq. ft., was concluded in May. This acquisition comes amid the rising demand for high-end real estate, fuelled by a growing population of high-net-worth individuals and increased urbanisation, suggesting a bright future for India's luxury real estate market.Read more

07 Jul 2023

The residents of HR Layout in Bengaluru are facing increasing challenges due to poor parking management in the city. The surge in office spaces in the area has put a strain on parking infrastructure, causing vehicles to encroach on footpaths and making it difficult for pedestrians to walk. The lack of clear distinction between commercial and residential zones has further compounded the issue. Residents have expressed concerns about the disappearing green cover and have called on the municipal corporation to ensure sufficient parking facilities or find alternative solutions. Residents have reported these incidents to the police, but no action has been taken.Read more

03 Jul 2023

COVIE, a top-tier player in India's luxury co-living sector, has bolstered its South Indian presence with the inauguration of Covie Karle Town, a premium living space in Bengaluru. The facility, offering 220 beds, caters to young professionals and signifies the addition of 500 beds by COVIE in Bengaluru in the last three months. The company's expansion strategy, driven by its mission to redefine shared living experiences and foster collaboration among millennials and Gen Z, is set to include another 500 beds in South India and 1,000 beds across India in the coming months.Read more

29 Jun 2023

Intel, the renowned tech giant, plans to sell its expansive office space in Bangalore, aiming to unlock the value of its real estate assets. The deal, expected to exceed Rs 450 crore, follows a three-year lease-sell model with a one-year lock-up period. Builders have shown keen interest in the property, and the transaction is set to be finalized soon. This move aligns with the industry trend of optimizing space utilization and reducing costs through hybrid working models. By consolidating offices in Bangalore, Intel strives for efficiency and collaboration. Amidst the economic slowdown, Intel takes strategic steps to thrive in the dynamic tech landscape.Read more

29 Jun 2023

REC Ltd, a state-owned financial corporation specializing in power sector financing, has approved a financial package of Rs 3,045 crore for the development of Phase-II of the Bengaluru metro project. The expansion project aims to extend existing metro corridors and introduce new lines to enhance connectivity and ease traffic congestion in the city. Upon completion, the expanded metro network will cover 72.09 kilometers with a total of 101 stations. The funding from REC Ltd demonstrates the organization's recognition of the project's significance in improving urban transportation infrastructure.Read more

14 Jun 2023

Investment in premium warehousing parks is set to surge in Bengaluru to meet the rising demand for storage space from e-commerce and logistics companies, according to a white paper by India Sotheby's International Realty and CRE Matrix. Over the past five years, the demand for warehouse space has outpaced supply, leading to low vacancy rates and rental growth. Data from CRE Matrix reveals that Bengaluru absorbed 16.34 million square feet of warehousing space from 2018 to 2022, while new supply amounted to 10.5 million square feet.Read more

01 Jan 1970

The third edition of the Bengaluru Retail Summit, organised by the Retailers Association of India, brought together top industry voices to explore the future of retail amid a rapidly evolving market. Held in Bengaluru, the event focused on how innovation and technology are reshaping retail strategies, especially in a city known for tech-forward consumers and deep cultural roots. Key sessions revolved around omnichannel trends, digital integration, consumer behaviour, and retail transformation, with participation from leaders across Amazon India, Reliance Retail, Zivame, SNITCH, Amant� India, and Lifestyle International, among many others.Read more