BENGALURU: From launching its first project, Brigade Towers, to completing approximately 110 million square feet of real estate development, Brigade Group has grown over four decades by expanding its portfolio and taking on increasingly ambitious projects, its founder and chairman M R Jaishankar has said. In a video published by Brigade Group to mark its…
Bengaluru: Embassy Developments has recorded pre-sales of more than ₹1,800 crore from its 85-acre residential project, Embassy Origins, in North Bengaluru, within a week of its launch. The company said it achieved 62% absorption of the units launched on September 16, with 477 homes booked across more than 10 lakh sq ft of saleable area. Located…
Bengaluru: The Karnataka Real Estate Regulatory Authority (RERA) has directed Adarsh Nivas Pvt Ltd, developer of the Adarsh Palm Acres Phase 2 project at Huttanahalli in Bengaluru North, to complete the project, execute the sale deed and hand over possession of a villa to a homebuyer, besides paying nearly ₹79.84 lakh as interest for the delay. The…
Bengaluru: The Directorate of Enforcement (ED) has arrested S. Vasudevan, CMD and promoter of Ozone Urbana Infra Developers Pvt Ltd, in connection with a money laundering case involving alleged fraud of ₹927.22 crore against homebuyers. Vasudevan was arrested on September 30 under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002. He was…
By Nithin Kamath Is the mandatory 2% CSR (Corporate social responsibility) spend for companies really necessary, and is it the best way to create social impact? At Zerodha, we’ve allocated ~10% of our profits towards what we call “investing for the future,” mostly through the Rainmatter Foundation. The keyword for me is investing. The problem…
BENGALURU: Building a best-in-class office in Bengaluru costs about $950 per sq m — nearly 39% less than the average cost of a mid-range office fit-out across the Asia-Pacific region, offering companies scope to invest the savings in better air quality, lighting, acoustics and workplace amenities, according to a JLL report. The finding assumes significance…
Bengaluru: The Karnataka government has ordered the attachment of 47 immovable properties allegedly linked to Guru Teak Investments (Mysore) Private Limited and Guru Agri Farm Private Limited, citing the need to protect the interests of depositors. In a notification issued on August 29, the government said investigations into complaints by depositors had found that the…
Prestige Group, a private real estate firm, has upgraded Brunton Road under the Public-Private Collaboration (PPC) scheme, in an initiative aimed at improving civic infrastructure in central Bengaluru where company’s headquarters is located. The newly constructed road was inaugurated on Thursday in the presence of Bengaluru Development Minister Krishna Byre Gowda, Shantinagar MLA N.A. Harris…
Bengaluru: Air passengers flying out of Kempegowda International Airport could see a reduction in the airport-related component of their ticket prices from September 1 after the Airports Economic Regulatory Authority of India (AERA) sharply revised the User Development Fee (UDF) for the next five-year control period. Under the tariff order issued for Bengaluru International Airport Ltd…
MAHABALIPURAM, Aug 20: Karnataka Chief Minister D K Shivakumar on Thursday urged the Southern Zonal Council to adopt a resolution calling upon the Union government to honour the 1971 census as the basis for delimitation, retain the Lok Sabha’s existing strength of 543 seats for the next 25 years, and accommodate women’s reservation within these…
