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...

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...

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...

B+G+5 premium facility offers Custom-Built and ready-to-move in Suites in one of India’s most sought-after micro markets of Outer Ring Road Custom-built workspace available for MNCs and GCCs Premium, ready-to-move-in seats available for enterprises under Suites offering Bengaluru, June 11, 2025 — Table Space, one of India’s leading managed workspace providers, announced the launch of its newest centre - Table Space MFAR 2B Embassy Manyata Business Park located on Bengaluru’s Outer Ring Road (ORR). The ORR has swiftly emerged as Bengaluru’s most vibrant hub for Global Capability Centres (GCCs). The centre, spread across six floors (B+G+5) and covering over 180,000 sq. ft., further strengthens Table Space’s position in India’s office market. Table Space MFAR 2B Embassy Manyata...

As India intensifies its climate commitments, the real estate sector is emerging as a pivotal force in the green transition. A new report by the National Institute of Urban Affairs (NIUA) and Rocky Mountain Institute (RMI), titled “Build Right for the First Time: Scaling Adoption of Net-Zero Carbon Buildings in India”, underscores the critical role developers must play in achieving net-zero goals. According to the report, India could slash up to 8 gigatons of CO₂ emissions by 2050 by scaling net-zero practices in new construction. While this shift requires an added investment of ₹4,566 per sq. m, the long-term benefits—reduced emissions, operational savings, and healthier living environments—make the case clear. Mr. Lalit Kumar Aggarwal, Co-founder & Vice Chairman of Signature Global...

India’s DC capacity stands at 1,263 MW as of April 2025; to cross 4,500 MW by 2030 Currently, Mumbai & Chennai cumulatively hold close to two-thirds of the DC capacity Large-sized DCs (>50 MW) are likely to account for nearly two-thirds of the inventory by 2030 DCs are likely to attract investments to the tune of USD 20-25 billion in the next 5-6 years Existing DC real estate footprint of 15.9 million sq ft is expected to rise significantly, reaching ~55 million sq ft by 2030  Bangalore, India, 28 May 2025: India’s data center (DC) market has entered a transformative phase and has scaled up significantly in recent years. DC capacity has grown over 4X times in the last 6-7 years and stands at 1,263 MW as of April 2025. This growth is driven by the surge in demand for...

Urban Vault Expands Footprint in Bengaluru CBD with 50,000 sq. ft. Lease at Prestige Obelisk The new facility is spread over three floors and offers close to 1,000 desks, with a per-seat cost ranging upwards of Rs 10,000 per month. Bengaluru May 22, 2025: Urban Vault, one of India's fastest-growing managed flexible workspace providers, has announced the lease of approximately 50,000 sq. ft. of premium office space across three floors at Prestige Obelisk, located on Kasturba Road in Bengaluru's Central Business District (CBD). This new center will accommodate close to 1,000 seats, further strengthening Urban Vault’s presence in one of the city's most sought-after commercial zones. With a per seat cost of ₹10,000, the upcoming workspace blends luxury and functionality, catering to...

Co-living demand & stock estimated at 6.6 million & 0.3 million beds respectively in 2025 Co-living stock to reach ~ 1 million beds by 2030, 3X times compared to current levels Penetration to improve significantly, from 5% in 2025 to over 10% by 2030 Co-living market can grow multifold and potentially reach close to INR 200 billion by 2030 High demand-supply gap presents multiple opportunities in Purpose Built Student Accommodation (PBSA) sub-segment Gurgaon, 08 May 2025: India’s co-living market is on an upward growth trajectory, with demand rebounding strongly in recent years and operators gearing up for expansion across Tier I cities and select Tier II cities. Currently estimated at around 0.3 million beds in the organized market, the inventory is projected to g...