Is Bengaluru's Real Estate sector in a freeze?
2 years, 9 months ago

Is Bengaluru's Real Estate sector in a freeze?

Hindustan Times  

Real estate properties in Bengaluru are lying stagnant as demand for physical infrastructure availability dropped significantly in the last two years after the arrival of the COVID-19 pandemic, with more office-going folk shifting to working from home. Real estate in Bengaluru city is taking a hit due to low demand and oversupply. ) A number of real estate properties in Whitefield, Sarjapur, Electronic City, Kanakpura main road and Bannerghatta main road lay unoccupied as builders have been unable to produce legal documents to prove ownership of the property. Complaints are registered against properties and builders on Real Estate Regulatory Authority where the complainants are demanding compensation for delaying completion of projects by years.

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History of this topic

From permitting buyers to take over possession of common areas to completing delayed projects: Top Karnataka RERA orders
1 week, 4 days ago

From permitting buyers to take over possession of common areas to completing delayed projects: Top Karnataka RERA orders

Hindustan Times  

In 2024, several Karnataka RERA orders, such as permitting homebuyers to take over common areas of a project to allow them to complete one that had been delayed for almost a decade, impacted the city's real estate landscape and homebuyers in general. Here are top Karnataka RERA orders in 2024: 1) Karnataka RERA directed a developer to hand over possession …

Bengaluru real estate: Landlords start compromising on rents as city sees new supply, more rental options
2 weeks, 4 days ago

Bengaluru real estate: Landlords start compromising on rents as city sees new supply, more rental options

Hindustan Times  

With more inventory available for rent in the Bengaluru real estate market's residential segment, landlords have started reducing rents by 5% to 10% in city centres. Bengaluru sees new housing supply Bengaluru recorded 16,537 home launches in April-June, accounting for 21% of the total residential launches across top cities. Bengaluru recorded a 7% rise in new launches yearly despite a …

Bengaluru's property registrations dip 21% amid E-khata implementation woes
3 weeks, 1 day ago

Bengaluru's property registrations dip 21% amid E-khata implementation woes

Hindustan Times  

Bengaluru's real estate market reported 5667 property registrations in October, an almost 21% dip compared to 7167 units registered in September, according to data by the Inspector General of Registration accessed by prop-tech platform Square Yards. Bengaluru's real estate market reported 5667 property registrations in October, an almost 21% dip compared to 7167 units registered in September, according to data …

Distressed home buyer in Bengaluru approaches National Human Rights Commission against builder
3 weeks, 5 days ago

Distressed home buyer in Bengaluru approaches National Human Rights Commission against builder

New Indian Express  

Among the 300-odd people who have purchased a flat from the developer is Amrita Sudhakar. We have repeatedly approached their Customer Care office inside the Tech Park only to get false assurances that the apartment would be ready within three months. Fed up, we approached the Karnataka-Real Estate Regulatory Authority in February 2021 and a verdict was given in our …

Bengaluru Residential Market Heats Up: Q2FY25 Sales Cross Rs 15,739 Cr
1 month, 3 weeks ago

Bengaluru Residential Market Heats Up: Q2FY25 Sales Cross Rs 15,739 Cr

The Hindu  

The Bengaluru residential market grew remarkably in the second quarter of fiscal year 2024–25. Bengaluru Residential Market Trends: Area & Budget Wise As an additional point of interest, the research notes the fact that during the quarter spanning July to September, around 86% of all real estate transactions were concentrated in the price category of less than one crore. Views …

Bangalore Real Estate Boom: Sales Surge 30% in Q2 2024
4 months ago

Bangalore Real Estate Boom: Sales Surge 30% in Q2 2024

The Hindu  

Bangalore Real Estate experienced a double-digit surge in the second quarter of 2024. The obstacles faced by Bangalore Real Estate: The Bangalore real estate market encountered numerous obstacles this year, such as water shortages and inundation. Bangalore Real Estate: Affordability Challenges Rising housing prices are affecting affordability, especially for first-time buyers. Sources in Bangalore real estate have shared their views, …

Bengaluru Tops Indian Real Estate: Q2 2024 Sales Report
5 months, 1 week ago

Bengaluru Tops Indian Real Estate: Q2 2024 Sales Report

The Hindu  

Bengaluru tops Indian real estate in q2 2024 on the sales and launches front. Notably, however, the total unit launches in the first half-yearly period of 29,153 units have already crossed 60 percent of the maximum unit launches recorded in a year, the report explained on Bengaluru tops Indian real estate in Q2 2024. At the same time, it was …

Economic Survey 23-2024: Nearly 1.25 lakh complaints resolved by real estate regulatory authorities of various states
5 months, 2 weeks ago

Economic Survey 23-2024: Nearly 1.25 lakh complaints resolved by real estate regulatory authorities of various states

Hindustan Times  

As per the 2023-24 Economic Survey tabled by Union Finance Minister Nirmala Sitharaman in the Parliament on July 22, a total of 1,24,947 cases were settled by Real Estate Regulatory Authorities of various states as of July 1, 2024. As of July 1, 2024, nearly 1.25 lakh complaints were resolved by real estate regulatory authorities of various states, according to …

Bengaluru top choice for non-resident Indians eyeing budget and mid-segment homes
5 months, 3 weeks ago

Bengaluru top choice for non-resident Indians eyeing budget and mid-segment homes

Hindustan Times  

Bengaluru has held on to its status as the top choice for non-resident Indians looking to invest in India’s residential real estate market, especially those eyeing budget and mid-segment housing, data sourced from multiple consultancy firms by HT.com showed. Bengaluru holds on to its status as the top choice for non-resident Indians eyeing budget and mid-segment homes The city’s pleasant …

Exploring Bengaluru's Real Estate Renaissance: Trends and Projections
10 months, 2 weeks ago

Exploring Bengaluru's Real Estate Renaissance: Trends and Projections

News 18  

Bengaluru, often hailed as India’s Silicon Valley, has undergone a remarkable metamorphosis in its residential real estate sector over the past few decades. The advent of co-living and co-working spaces has introduced a new paradigm to Bengaluru’s residential real estate landscape, catering to the burgeoning demands of a dynamic workforce. However, amidst the euphoria surrounding Bengaluru’s residential real estate boom, …

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