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...

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...

Thursday, May 08, 2025 09:05:53 | Rohan Corporation Signs Global Superstar Shah Rukh Khan as Brand Ambassador for Karnataka BENGALURU, India, May 7, 2025 /PRNewswire/ -- In a defining moment for Karnataka's real estate sector, Rohan Corporation, Mangalore's leading builders and developers, proudly announces Bollywood legend Shah Rukh Khan as its official brand ambassador for Karnataka. Founded and headquartered in Mangalore, Karnataka, Rohan Corporation is a name synonymous with trust, class, and excellence. Over the past three decades, the company has played a pivotal role in shaping Mangalore's skyline with landmark developments such as Hill Crest, High Crest, Rohan City & Rohan Square—projects that reflect their vision of modern, community-driven urban spaces. ...

Over 1 lakh, or 33% more homes, have been delivered in FY25. Ø  Only Delhi-NCR saw a Y-o-Y decline (8%) in number of homes delivered in FY25. Ø  Other 8 cities saw Y-o-Y growth between 22-88% in the number of homes delivered in FY25. Ø  Western India accounted for 55% of the homes delivered in FY25. Ø  Over 10 lakh homes have been delivered in the last three financial years. New Delhi, April 30, 2025: The number of homes delivered in India’s top 9 cities have risen by 33% to 4,06,889 units in FY25 with only Delhi-NCR witnessing a Y-o-Y decline, according to a report by NSE-listed data analytics firm PropEquity. With this, the total homes delivered in the last three financial years stood at over 10 lakh units. The top 9 cities are Bengaluru, Chennai, Hyderabad, Kolkata,...

At least 10.8 million sq. ft. office space pre-committed by corporates during Oct 2024-March 2025: Anarock Bengaluru accounted for 53%, followed by Mumbai and NCR. 42% of the deals are in size upwards of 0.3 million sq. ft. Average deal size in Bengaluru is 0.5 million sq. ft. while that in Mumbai and Delhi are 0.4 million sq. ft. and 0.1 million sq. ft. respectively. Global IT/ITeS and BFSI dominate pre-commitment deals. New Delhi, April 25, 2025: Close to 38 deals measuring approximately 10.8 million sq. ft. of office space have been pre-committed by corporates in Bengaluru, Mumbai and NCR in six months ending March 2025, said a report by Anarock. Bengaluru saw approximately 5.7 million sq. ft. of office area pre-committed by corporates accounting for 53% share, follo...