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 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…
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: 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…
