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: Karnataka has rolled out an incentive-heavy package to attract fresh investments in the aerospace and defence sector, offering investors subsidies on land, capital expenditure and production, along with stamp-duty exemptions, land-conversion fee reimbursement and, for smaller enterprises, a complete exemption from electricity tariff tax for several years. However, the new Karnataka Aerospace & Defence Policy…
Bengaluru: Karnataka government has allotted 40 acres of government land in Hoskote taluk of Bengaluru Rural district to the Department of Electronics, Information Technology, Biotechnology and Science & Technology for the development of a proposed space, electronics and related industrial park.’ The order was issued by the Revenue department, represented by Deputy Chief Minister G Parameshwara. The…
BENGALURU: Ceiling height, often an overlooked aspect when buying an apartment, is increasingly becoming a point of contention between homebuyers and developers, with property owners turning to the Karnataka Real Estate Regulatory Authority (K-RERA) seeking compensation for flats that they claim fall short of prescribed or promised specifications. In the latest instance, K-RERA has directed…
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: Karnataka has rolled out an incentive-heavy package to attract fresh investments in the aerospace and defence sector, offering investors subsidies on land, capital expenditure and production, along with stamp-duty exemptions, land-conversion fee reimbursement and, for smaller enterprises, a complete exemption from electricity tariff tax for several years. However, the new Karnataka Aerospace & Defence Policy…
Bengaluru: Karnataka government has allotted 40 acres of government land in Hoskote taluk of Bengaluru Rural district to the Department of Electronics, Information Technology, Biotechnology and Science & Technology for the development of a proposed space, electronics and related industrial park.’ The order was issued by the Revenue department, represented by Deputy Chief Minister G Parameshwara. The…
BENGALURU: Ceiling height, often an overlooked aspect when buying an apartment, is increasingly becoming a point of contention between homebuyers and developers, with property owners turning to the Karnataka Real Estate Regulatory Authority (K-RERA) seeking compensation for flats that they claim fall short of prescribed or promised specifications. In the latest instance, K-RERA has directed…
BENGALURU: In a move that could shore up support among the state’s dairy farmers but put an additional burden on urban households, particularly in Bengaluru, the State Cabinet has approved a proposal to increase the price of Nandini milk by up to ₹8 a litre. The decision comes at a time when the Congress government is…
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 (K-RERA) has dismissed a homebuyer’s complaint seeking ₹18 lakh compensation from Sumadhura Infracon Pvt Ltd over an alleged shortfall in the dimensions of a room in a flat at the Folium by Sumadhura Phase-II project. The complaint was filed under Section 31 of the Real Estate (Regulation and Development) Act, 2016,…
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…
