The Karnataka government is set to invite bids for a new IT park in Mangaluru next week, aiming to expand technology-led development beyond the state's main hubs. The planned project will offer modern office spaces for IT firms, startups and knowledge-based businesses, along with supporting amenities. Officials said the IT park is expected to attract private developers and boost investment in the region's commercial real estate market. With improving connectivity and a strong talent base, Mangaluru is emerging as a promising tech growth corridor. The initiative supports Karnataka's decentralisation strategy and could generate jobs while driving demand for housing, hospitality and retail in the city.Read more

The Bengaluru Development Authority (BDA) will now strictly enforce a one-time penalty on allottees who fail to begin construction within three years, and will not issue final sale deeds until buildings are completed. The move targets beneficiaries who left plots vacant or transferred them illegally while land values soared. Exceptions have been made for Arkavathy and Nadaprabhu Kempegowda Layouts due to delays and incomplete infrastructure. Many older allottees had secured sites at very low rates but never built on them. The BDA has also flagged cases of unauthorised transfers, which will now attract a 25% penalty. The policy aims to curb speculation and encourage timely, compliant development.Read more

Brookfield India Real Estate Trust has raised INR 3,500 crore through a Qualified Institutional Placement to fund its acquisition of Ecoworld, a 48-acre Grade A office campus on Bengaluru's Outer Ring Road. The QIP was oversubscribed more than three times and drew strong interest from leading investors, including major mutual funds, insurers and global institutions. With this raise, the REIT has mobilised INR 8,000 crore over the past year. The 7.7-million-sq-ft Ecoworld purchase will lift Brookfield India REIT's operating portfolio to over 32 million sq ft and push its gross asset value beyond INR 53,000 crore. The REIT currently manages 29.1 million sq ft across India.Read more

The Karnataka government has decided to create a monitoring group to oversee the progress of Bengaluru's Namma Metro Blue Line, which will run from Central Silk Board to KR Pura along the Outer Ring Road. The committee will include government officials and industry representatives and will track construction, review delays, and coordinate road-infrastructure upgrades. The 19 km stretch with 13 stations is planned for completion by December 2026, with extensions toward the airport planned for 2027. The state has set aside INR 450 crore for related road work along the corridor.Read more

Embassy Developments reported a strong market response to Embassy Greenshore, its newly launched premium residential project at Embassy Springs in North Bengaluru, securing bookings worth around INR 860 crore within five days. The 14-acre development includes 878 larger-format apartments across two phases, targeting upper-mid-segment buyers seeking spacious layouts and master-planned community living.Read more

EXCON 2025, hosted by the Confederation of Indian Industry in Bengaluru from December 9, will be South Asia's largest construction equipment exhibition, emphasizing India's growing strength in construction equipment and advanced manufacturing. Mother India Forming will highlight its expertise in precision sheet-metal cold-roll forming, supplying high-performance components to sectors including construction, mining, agriculture, railways, defence, and renewable energy. The company operates an integrated manufacturing setup and is expanding its solar power capacity to support sustainability. The event underscores India's role in delivering advanced engineering solutions globally.Read more

BEML has received a fresh INR 414 crore contract from Bangalore Metro Rail Corporation Ltd for supplying additional trainsets required for Phase II of the Bengaluru Metro project. The company disclosed in a stock exchange filing that it has secured this new order but has not shared delivery timelines or train specifications. This follows an earlier INR 405 crore contract from BMRCL for seven additional trains under the same phase. BEML continues to support Bengaluru's expanding metro network through its manufacturing facilities across Bengaluru, KGF, Mysore, and Palakkad.Read more

Embassy REIT has purchased a 0.3 million sq ft Grade-A office building in Embassy GolfLinks Business Park, Bengaluru, for INR 8,520 million. The property is fully leased to a global investment firm, giving the REIT long-term income visibility. The asset is expected to generate a net operating income yield of around 7.9%, which is higher than the REIT's trading cap rate of 7.4% during the past quarter. The transaction went through full financial, legal and technical due diligence, marking one of the REIT's major third-party acquisitions in Bengaluru.Read more

Bengaluru is set to add nearly 25 million sq. ft. of new Grade-A office space in the second half of FY27, with about a quarter already pre-committed. The city had added 16.3 million sq. ft. in FY25 and 8.4 million sq. ft. in the first half of FY26, while net absorption stayed strong, led by expanding global capability centres. Occupancy has risen to 90.8% and is projected to reach around 92-92.5% by FY27. Bengaluru now holds 26% of Grade-A stock across major metros. Growth is also shifting to peripheral areas like the Hebbal-Devanahalli corridor, and vacancy levels are expected to remain tight despite large upcoming supply.Read more

Bengaluru's civic authorities have introduced a rule requiring plinth-line marking and a foundation certificate before any construction can begin. Approved plans must be digitally accessible to ward engineers and field staff for verification, and inspections will monitor compliance. A formal complaint and inspection system has been established for unauthorised construction. Confirmed violations trigger time-bound demolition orders, with costs charged to property owners. Officials allowing illegal construction face departmental action, and appeals will not delay enforcement unless a court stay is obtained, aiming to ensure orderly and transparent urban development.Read more

Arnifi, a Dubai-based entity setup and management platform, has expanded its India presence with a new office in Bangalore as part of its broader India strategy. Founder Manu Midha said the company plans to hire over 100 professionals and invest heavily in technology and talent to support Indian firms looking to establish entities overseas. Arnifi has already helped more than 500 companies set up globally. The expansion comes amid deepening India-UAE economic ties and the success of the India-UAE Startup Series, which has attracted over 10,000 founders. Midha noted rising demand for reliable international compliance services as India's start-up ecosystem crosses 1.59 lakh recognised ventures.Read more

Antara Senior Care, part of the USD 7-billion Max Group, has expanded its presence in Bengaluru with a new 80-bed senior care home in Whitefield, increasing its total capacity in the city to about 163 beds. The new centre strengthens Antara's assisted living and transition care services, backed by geriatric-trained teams and round-the-clock clinical support. Bengaluru's ageing population, changing family structures, and growing demand for organised senior care have contributed to the need for such facilities. With this launch, Antara now operates 500 beds across its national network of care homes.Read more

Embassy Developments is set to launch six residential projects in North Bengaluru with a combined Gross Development Value (GDV) of about INR 103 billion. These projects include premium RERA approved developments within the Embassy Springs township, as well as a villa community across 116 acres. This move aligns with the company's broader FY26 ambitions to launch ten projects with a GDV target of INR 220 billion, building on the momentum of its merger and recent balance sheet strengthening.Read more

Jaguar Land Rover has expanded its Bengaluru footprint by leasing an additional 1.46 lakh sq ft at Brigade Tech Gardens for its Global Capability Centre. Valued at around INR 106 crore, the five-year deal includes a warm-shell rent of INR 65 per sq ft per month and a security deposit of INR 10.10 crore. Notably, the lease features a steep 15% rent escalation every three months. A 67,065 sq ft portion is on a separate fit-out rent of INR 65.95 lakh per month. With this expansion, JLR now occupies about 2.04 lakh sq ft in the tech park, strengthening its long-term presence in the Grade-A Bengaluru campus.Read more

Godrej Properties has acquired an additional 3.8-acre land parcel in South Bengaluru, increasing its consolidated land bank in the area to nearly 30 acres. The newly added plot unlocks an estimated INR 2,400 crore in incremental revenue potential and around 2 million sq. ft. of extra development capacity. When combined with the 26-acre parcel the company bought in the past few months, the total project revenue potential is expected to reach about INR 3,500 crore with an overall build-up of nearly 3 million sq. ft. The location lies in the active Sarjapur Road micro-market.Read more

Away Center, promoted as India's first wellness-led coworking brand, has opened its Koramangala hub, marking its entry into Bengaluru's start-up and creative ecosystem. The company focuses on mindful, design-driven workspaces and keeps each centre under 20,000 sq. ft. to maintain intimacy and community. The new hub features spacious layouts, natural light, an integrated cafe and wellness-focused areas such as Stillness Rooms, Meditation Corners and a Reset Bar. Members also get access to coaching, therapists and weekly yoga and meditation sessions. Following its first centre in Vizag, Away plans new locations in Hyderabad, Gurgaon and another Vizag site by early 2026 under its �Nano-GCC� model.Read more

Bangalore Metro Rail Corporation Ltd has begun work on extending the Green Line from Madavara to Tumakuru by inviting bids for a Detailed Project Report. The proposed 59.6 km elevated corridor will feature about 25 stations, starting near the Bangalore International Exhibition Centre and passing through Nelamangala, Dabaspete and Kyathasandra before reaching Tumakuru. Estimated to cost between INR 18,670 crore and INR 20,650 crore, the project is being evaluated under both PPP and SPV funding models. Designed to handle 15,000 passengers per hour with 4-5 minute train frequencies, the line is projected to serve 2.8 lakh daily commuters by 2032. The DPR will refine alignment, costs and land needs.Read more

Puravankara Limited has signed an Agreement to Lease with IKEA India for two retail floors at Purva Zentech Park, its mixed-use commercial project on Kanakapura Road in Bengaluru. The development spans 9.6 lakh sq ft with flexible floor plates and IGBC Gold-rated features, and is scheduled for completion by early 2026. IKEA will occupy over 1.2 lakh sq ft across the first and second floors, with handover expected in early 2026. Puravankara said the deal highlights the project's strong location and rising demand in South Bengaluru. With a 3.2 million sq ft commercial pipeline, the company expects projects like Zentech Park and Aerocity to support significant future value creation.Read more

AeroNero and Bengaluru Airport City Limited have signed a term sheet to set up the AeroNero Innovation Hub and Corporate Showcase at Kempegowda International Airport. The hub will demonstrate and test deep-tech air-to-water systems such as Bubble, Drizzle, Thunder, AirWell and AQUAIR, which produce potable water from atmospheric moisture using condensation, desiccation and hybrid renewable energy. AeroNero said the partnership marks a major step toward advancing sustainable, climate-resilient water solutions. Bengaluru Airport City noted that the hub aligns with its vision for a smart, deep-tech urban ecosystem. The centre will also serve as a multi-stakeholder platform, supporting research, collaboration and real-world validation within the airport's sustainability-focused environment.Read more

A detailed footpath inspection in Jayanagar by Bengaluru South City Corporation officials highlighted 22 different pedestrian obstructions across key stretches. The walk, conducted recently as part of the third round of Project Walkaluru, covered areas near the Jayanagar Shopping Complex, 11th Main Road-Aurobindo Marg, 10th Main Road, Marenahalli Main Road and lanes near Shalini Ground. Issues included garbage accumulation, broken footpath slabs, construction-material dumping, vehicle parking on pavements and commercial encroachments. With over 40 participants joining the inspection, officials directed immediate clearance at several locations and issued warnings to building owners.Read more