Bengaluru's Central Silk Board junction, one of the city's most crowded intersections, is set to see better traffic flow with two new flyover ramps opening by December. These ramps will help reduce congestion and tackle flooding problems caused by stormwater drains. The project is part of a larger effort that includes metro station upgrades and road widening, aiming to improve connectivity between areas like HSR Layout, BTM Layout, and Electronic City. Commuters can expect smoother travel and shorter wait times once the ramps are operational.Read more

BlackRock Services India Pvt Ltd, the local arm of global asset manager BlackRock Inc., has signed a major lease deal in Bengaluru's prime MG Road business district. The company will occupy 1.43 lakh sq. ft. across six floors of KNG Tower 1 at Ashok Nagar, with the lease registered on August 21, 2025. The agreement begins October 1, 2025, at a monthly rent of INR 2.72 crore with 5% annual escalation and a security deposit of INR 21.75 crore. This follows BlackRock's earlier lease in Worli, Mumbai, and marks one of the largest flexible workspace deals, underscoring rising demand for premium offices.Read more

The Karnataka government has removed the requirement for an occupancy certificate (OC) for individual homes of up to 1,200 sq ft built on 30-40 plots in Greater Bengaluru, when they are ground-plus-two or stilt-plus-three stories. The change responds to concerns that even small residential structures were being held up by mandatory OC rules. High-rise, commercial, and mixed-use projects still need OCs. It aims to simplify procedures for many homeowners without affecting larger or riskier buildings.Read more

Brigade Enterprises Ltd has announced plans to generate INR 2,500 crore in revenue through a new luxury housing project in East Bengaluru. The development, spread across 10.75 acres, will feature a saleable area potential of 2.5 million square feet under a joint venture with a landowner. The company reaffirmed its focus on Bengaluru as its primary market, highlighting the city's connectivity, infrastructure, and lifestyle strengths.Read more

The Karnataka Housing Board (KHB) has secured cabinet approval for a 43-acre integrated township project in Chikkajala, Yelahanka, under a public-private partnership model. Estimated at INR 2,930 crore, the project will feature multi-storied residences, office spaces, a commercial complex, and a star hotel, with projected net revenue of INR 1,252 crore for KHB. The land, acquired over two decades ago, faced legal disputes, but 43 acres were cleared after owners consented to a 50:50 land-sharing arrangement. The finance department projects total revenue of INR 4,182 crore. Construction will commence once approvals are received from the Bengaluru International Airport Area Planning Authority.Read more

Shriram Properties Limited has entered into a joint development agreement with a landowner to undertake a housing project on 6.5 acres in North Bengaluru. The premium residential scheme is planned with a saleable area of nearly 0.6 million square feet, carrying a gross development value of around INR 500 crore. The company has a track record of delivering 48 projects across Bengaluru, Chennai and Kolkata, and is presently working on developments spanning 19 million square feet.Read more

Applied Materials has taken up more than 8 lakh sq ft of office space in Whitefield, Bengaluru, by signing a 10-year lease valued at INR 855 crore. The office is located in ITPB-Endeavour and spans the ground plus 15 upper floors. The monthly rent is INR 5.97 crore, with rent set at INR 74 per sq ft and scheduled to increase by 15% every three years. A security deposit of INR 35.8 crore has also been paid. The agreement includes a firm option to lease an extra 3 lakh sq ft in Tower 8, which is under construction.Read more

BBMP has sent electronic demand notices to over 2.75 lakh Bengaluru property owners for unpaid dues exceeding INR 786 crore. The notices were distributed zone-wise, with Mahadevapura recording the highest number of defaulters. Property owners have been instructed to pay or appeal through the BBMP portal, while defaulters face the risk of property attachment and distress sale. The civic body collected INR 4,604 crore last fiscal year, short of its INR 5,210 crore target. Past digital initiatives such as e-khata revealed under-reporting worth hundreds of crores. Recent reminders, restrictions on transactions, and citizen complaints over inflated notices were also part of the drive.Read more

IHG Hotels & Resorts announced that it had entered into a management agreement with Hotel Chetan International to develop two new properties in Bengaluru's KIADB Aerospace Park. The hotels, comprising a Crowne Plaza and a Holiday Inn Express, will collectively add more than 420 keys to India's hospitality market when they open in the first quarter of 2028. The development underscores the group's focus on strengthening its presence in India, where it already operates 51 hotels and maintains a substantial pipeline of new projects.Read more

The National Housing Bank's latest housing price index shows residential values rising in 45 of 50 cities, with Bengaluru recording the steepest annual gains driven by its strong IT and economic base. Chennai, Ahmedabad, Pune, Mumbai, and Kolkata also posted solid growth, while only five cities saw declines, led by Howrah. On a composite level, prices rose 5.7% year-on-year, slightly slower than last year but reflecting market stabilisation after rapid increases. Quarterly data also showed continued growth, supported by a nearly 100-basis-point cut in home-loan rates earlier this year. The report highlights resilient demand in metro markets despite uneven performance in smaller cities.Read more

Sanjeevini Group announced the launch of its luxury housing project 'The Adwaith' in Bengaluru, spread across 8.3 acres at Gunjur in the city's eastern corridor. The development comprises 668 units with a built-up area of 17 lakh sq ft, priced from INR 1.7 crore upwards. The firm expects sales worth around INR 1,200 crore from the project, which is being undertaken under a joint development model. With completion slated in about 30 months, the project is positioned in a growing micromarket with strong connectivity.Read more

Tata Consultancy Services (TCS) has leased 1.4 million sq ft in Electronic City, Bengaluru, on a 15-year lease at 360 Business Park, developed by Labzone Electronics City Pvt Ltd. The INR 2,130 crore deal will be executed in two phases starting April 1, 2026, and August 1, 2026. Terms include monthly rent of INR 9.31 crore, 12% escalation every three years, and a security deposit of INR 112 crore. The space gives TCS a large, contiguous footprint as it consolidates operations and expands delivery capacity. The transaction is part of a INR 4,500 crore expansion across Kolkata, Kochi, and Hyderabad, amid strong office absorption led by GCCs and IT majors.Read more

The Bangalore Development Authority (BDA) has initiated a global tender for the Revised Master Plan 2041 (RMP-2041) to address Bengaluru's growing urban challenges. This comes after the previous RMP-2031 was shelved amid criticism over scientific and planning gaps. The new plan focuses on managing population growth, urban sprawl, traffic congestion, and sustainable development. A high-resolution 3D drone survey is underway, covering 1,240 square kilometers, to provide detailed spatial insights. The plan emphasizes transit-oriented development and better infrastructure alignment, with completion targeted by mid-2026.Read more

The Greater Bengaluru Authority (GBA) is preparing to start operations early next month, marking the official replacement of the Bruhat Bengaluru Mahanagara Palike (BBMP). Bengaluru will be divided into five municipal corporations East, West, North, South, and Central with offices assigned from existing government properties. BBMP headquarters will become the Chief Minister's office as GBA Chairperson, and the Urban Development Minister will operate from the former Deputy Mayor's office. Revenue, liabilities, staff, and administrative zones are being redistributed across the new corporations, guided by draft orders and public feedback submitted recently, ensuring a smooth transition.Read more

US-based semiconductor firm Microchip Technology has acquired 1.72 lakh sq ft of office space in Whitefield,Bengaluru for INR 176 crore. The purchase, which includes two commercial blocks from Ascendum Solutions India Pvt. Ltd., marks one of the largest office space buyouts in the city this quarter. The deal, valued at approximately INR 10,230 per sq ft, underscores a growing trend of global tech companies consolidating and owning assets in India to support their long-term growth and expand their R&D footprint.Read more

Sattva Group has partnered with Aurm to introduce bank-grade vaults within luxury residential projects, creating what they call a "legacy layer" for secure, insured asset storage at home. With India's gold holdings exceeding 25,000 tonnes and bank lockers often oversubscribed, the initiative offers residents 24x7 biometric access, robotic retrieval, and insurance cover up to INR 1 crore per locker. Aurm has already installed 5,000+ lockers across 20 communities, maintaining high occupancy. The first Sattva project to feature the technology will be Vasanta Skye near Bengaluru airport, with more launches planned.Read more

The Bangalore Development Authority (BDA) is set to launch a cutting-edge 3D online platform aimed at streamlining the home-buying process in Bengaluru. This initiative will allow prospective buyers to virtually tour flats and villas, access detailed specifications, and complete the entire purchase process digitally eliminating the need for multiple office visits. The platform is expected to go live by the end of the month and will include features such as real-time updates, payment schedules, and interest-free registration for up to 90 days.Read more

Apple has secured one of Bengaluru's largest single-tenant office leases in a deal valued at over INR 1,000 crore. The technology giant has signed a 10-year lease for approximately 2.7 lakh sq ft of office space in the Embassy Zenith project. This strategic investment in a new corporate hub in Bengaluru runs parallel to its aggressive expansion in manufacturing and retail, positioning India as a key pillar in Apple's global ecosystem.Read more

The Prime Minister inaugurated Bengaluru's Yellow Line Metro, a 19 km stretch from RV Road to Bommasandra. The INR 7,160 crore project adds 16 stations and expands the city's operational metro network to over 96 km. Officials said the corridor will ease pressure on Hosur Road, Silk Board and Electronics City, with train intervals starting at 25 minutes and planned to be reduced to 10 minutes.Read more

Sumadhura Group has leased five lakh square feet of commercial space at its Capitol Towers development in Whitefield, Bengaluru. The space has been taken up by corporate and retail tenants, including firms from the IT, engineering, and AI sectors, as well as a mix of F&B and wellness brands. The project is LEED Gold certified and expected to generate INR 50 crore in annual revenue. This leasing success underscores Bengaluru's continued dominance in India's Grade A+ office market and reflects growing demand for integrated commercial developments.Read more