Sunday, July 27News That Matters

PROPERTY MATTERS

Somany Ceramics Acquires Majority Stake in Durabuild, Enters High-Growth Construction Chemicals Segment

Somany Ceramics Acquires Majority Stake in Durabuild, Enters High-Growth Construction Chemicals Segment

News, PROPERTY MATTERS
Thursday, Jul 17, 2025 16:07:46 Somany Ceramics acquires majority stake in Durabuild, entering the booming construction chemicals market. New Delhi [India], July 17: Somany Ceramics Ltd., one of India’s most respected names in building materials, has acquired a majority stake in Durabuild, a Delhi-based manufacturer of construction chemicals, marking its strategic entry into the rapidly expanding construction chemicals market. Founded in 1998 by the late Dr. Dhananjoy Ghanti, a pioneer widely regarded as India’s first construction chemical chemist and currently spearheaded by Mr Rudrabir Ghanti, Durabuild brings with it a strong legacy of R&D-driven innovation. With a product portfolio of over 200 SKUs across waterproofing systems, concrete admixtures, tile adhesives, protecti...
Design a Comprehensive Development Plan for Major Junctions: Maheshwar Rao

Design a Comprehensive Development Plan for Major Junctions: Maheshwar Rao

News, PROPERTY MATTERS
Bengaluru, July 14: BBMP Chief Commissioner Maheshwar Rao has directed officials to design a comprehensive development plan for major junctions within the BBMP limits. Addressing a meeting held today at the BBMP head office, which focused on various issues across different zones, the Chief Commissioner stated that while several junction development projects are already underway in the city, officials must now prepare an integrated development plan for other key junctions to ensure uniform progress. Resolve Issues in Flood-Prone Areas: Currently, there are 53 flood-prone areas under BBMP limits. Of these, problems have been resolved in 4 locations. Work remains to be completed in 49 areas, with 22 locations receiving World Bank funding. The Chief Commissioner instructed officials t...
Sattva Group Unveils Ambitious Campus in Vizag

Sattva Group Unveils Ambitious Campus in Vizag

News, PROPERTY MATTERS
Bengaluru 9th July 2025: Sattva Group, one of India's leading real estate development and consulting firms, has consistently delivered transformative projects across the country since its inception in 1986. Known for redefining Bengaluru's skyline and creating future-ready spaces, the Group's expansive portfolio today includes world-class IT parks, commercial hubs, residential townships, hospitality, and retail developments across major Indian cities. Andhra Pradesh is positioning itself as a frontrunner for the next wave of investments, especially in Tier 2 cities like Visakhapatnam (Vizag). With its robust infrastructure, skilled talent pool, competitive policies, and forward-thinking governance, the state is fast emerging as a hub for Global Capability Centers (GCCs), IT / ITeS compa...
SATTVA GROUP EXPANDS GOA FOOTPRINT WITH WATER’S EDGE II LAUNCH AS LUXURY REAL ESTATE SHIFTS TO DESTINATION MARKETS

SATTVA GROUP EXPANDS GOA FOOTPRINT WITH WATER’S EDGE II LAUNCH AS LUXURY REAL ESTATE SHIFTS TO DESTINATION MARKETS

News, PROPERTY MATTERS
Sattva's Strategic Goa Market Expansion Following Record Property Price Surge and Infrastructure Boom~ Bengaluru/Goa, July 4, 2025: Sattva Group, a leading premium residential developer, today launched Water's Edge II, expanding its successful Goa coastal portfolio in a strategic move that reinforces the company’s confidence in India’s growing luxury coastal market. The second-phase development builds on the success of the original Water's Edge project, positioning Sattva as a key player in Goa’s evolving high-end residential landscape. The launch underscores a broader transformation in India’s residential market, where enhanced connectivity and shifting lifestyle aspirations have turned coastal properties into primary residences for a diverse and affluent demographic, including...
Complete Stormwater Drainage Project by Year-End: Maheshwar Rao

Complete Stormwater Drainage Project by Year-End: Maheshwar Rao

News, PROPERTY MATTERS
Bengaluru, June 30: BBMP Chief Commissioner Maheshwar Rao has instructed officials to complete the stormwater drainage work undertaken around Sindhoora Kalyana Mantapa in JP Nagar by the end of this year, in order to prevent flooding in the surrounding areas. During an inspection tour of various locations in the city's South Zone today, he stated that a 1.3 km-long stormwater drain is being constructed to connect Sindhoora Kalyana Mantapa to K-210. He directed officials to expedite the completion of this project to avoid flooding during the rainy season. He further emphasized that barricading must be installed near chambers at the construction sites to ensure safety and prevent any untoward incidents. Proper maintenance of pedestrian pathways along the construction zone was also i...
Over 4,300 People Participated in Two-Day E-Khata Drive; 1,259 Final E-Khatas Issued On the Spot

Over 4,300 People Participated in Two-Day E-Khata Drive; 1,259 Final E-Khatas Issued On the Spot

News, PROPERTY MATTERS
300 Tokens Issued in Today’s E-Khata Drive Bengaluru, June 30: A “Mega E-Khata Drive” was organized over the last two days at the Sahakara Nagar Playground, located within the Byatarayanapura Assembly Constituency under BBMP’s Yelahanka Zone. Approximately 4,300 citizens participated in this initiative held yesterday and today. Applicants from seven wards under the Byatarayanapura constituency, along with participants from the Yelahanka Assembly Constituency and other BBMP zones, attended the drive to submit their applications for E-Khatas. During the two-day E-Khata Drive, a total of 4,300 people were issued tokens. Out of these, 1,694 applications were processed, and 1,259 final E-Khatas were approved and handed over on the spot. Among the 1,694 applications received, 435...
TVS Emerald Secures Strategic 7.18-Acre Land Parcel in Bangalore’s Rayasandra with a revenue potential over INR 700 Crore

TVS Emerald Secures Strategic 7.18-Acre Land Parcel in Bangalore’s Rayasandra with a revenue potential over INR 700 Crore

News, PROPERTY MATTERS
Company strengthens Bangalore footprint with its 7th major acquisition in the city Bangalore, 24 June 2025:  TVS Emerald, a prominent real estate developer, announced the acquisition of a premium 7.18-acre landholding in Rayasandra, Bangalore, with a project revenue potential of over ₹700 crore. This strategic acquisition is a testament to TVS Emerald’s commitment to enhancing its presence in Bangalore's robust real estate space. The newly acquired site is strategically positioned near Rayasandra Lake, placing it at the heart of one of Bangalore’s most well-established micro-markets. The location offers excellent connectivity to major IT hubs, educational institutions, and commercial centres, making it an attractive proposition for a premium residential development. This acquisiti...
Demolition of Unauthorized Building Structures in Yelahanka Zone – 12 Buildings Cleared:  Karigowda

Demolition of Unauthorized Building Structures in Yelahanka Zone – 12 Buildings Cleared: Karigowda

News, PROPERTY MATTERS
Bengaluru, June 16:““In an active drive undertaken by the Bruhat Bengaluru Mahanagara Palike, unauthorized or excess construction in buildings within the Yelahanka Zone is being cleared. Today, excess floors or unauthorized parts of 12 buildings have been demolished, stated Commissioner of Yelahanka Zone Karigowda. ““Demolition operations are being conducted in the Yelahanka and Byatarayanapura Assembly constituencies where building owners have violated sanctioned plans by constructing additional or unauthorized floors.““Yelahanka Assembly Constituency:““> In Kempegowda Ward No. 01 of Yelahanka Subdivision, at Property No. 24, Shivanahalli Main Road, Surabhi Layout, Yelahanka, Bengaluru – 64, permission was granted for construction of a building on a 40 X 60 site comprising stilt + g...
Identify and Swiftly Clear Unauthorized Constructions: Maheshwar Rao

Identify and Swiftly Clear Unauthorized Constructions: Maheshwar Rao

News, PROPERTY MATTERS
Bengaluru, June 11: Chief Commissioner  Maheshwar Rao has directed officials to identify unauthorized constructions and buildings that deviate from the approved plans in the Mahadevapura Zone and to promptly initiate clearance actions after due verification. During an inspection from Nallurhalli Metro Station via Nallurhalli Borewell Road to Whitefield Main Road, the Chief Commissioner instructed concerned officials to take appropriate measures on several issues. Instructions to Clear Unauthorized Constructions: It was observed that buildings on 3rd Cross and 7th Cross in Nallurhalli Colony have been constructed in violation of approved plans. Officials were instructed to clear the unauthorized portions of these buildings immediately as per regulations. Notices to Building Own...
Instruction Issued to  Replace Damaged Drain Slab Cover: Snehal

Instruction Issued to Replace Damaged Drain Slab Cover: Snehal

News, PROPERTY MATTERS
Bengaluru, June 13: The Zonal Commissioner of the East Snehal, has directed BWSSB officials to replace damaged slab cover of drains within the East Zone limits. While inspecting the pedestrian pathway from 12th Main Road, Indiranagar to Ganapathi Enclave, she stated that during the monsoon, water overflows through the damaged slabs of drains, causing inconvenience. Hence, she instructed that any damaged slabs covering drains along the roads must be immediately replaced. Order to Remove Defunct Electric Poles: Several old and unused electric poles on the footpath of Indiranagar’s 100 Feet Road are obstructing pedestrian movement. Instructions have been issued to remove these poles at the earliest. Notice to Building Owners: Construction materials have been placed on footpa...