Category: Bangalore

US-based company Kovorks partnered with Marvel Infrabuild to develop India’s largest co-working space in Bengaluru.

March 19, 2020

US-based flexible office space provider Kovorks collaborated with city-based Marvel Infrabuild to create India’s largest coworking facility with a capacity of around 25,000 desks. The new luxurious co-working space would extend across 15,000,00 sqft at Whitefield main road. Kovorks already runs versatile offices in seven locations in the US and Malaysia. “India’s co-working market has […]

US-based company Kovorks partnered with Marvel Infrabuild to develop India’s largest co-working space in Bengaluru.more

SoftBank Group plans to pull out $3 billion additional shares bid in WeWork.

March 18, 2020

SoftBank Group is contemplating retreating out of a $3 billion bid to buy additional shares in WeWork because it thinks the office-space sharing business has not fulfilled the conditions of the contract, said people familiar with the matter on March 17. The U-turn by SoftBank will be the latest blow to WeWork investors, who saw […]

SoftBank Group plans to pull out $3 billion additional shares bid in WeWork.more

JLL Report: Approx 30% of the Office buildings in the top three cities need refurbishment.

March 17, 2020

As per property consultancy JLL India, approximately 30% of office buildings in Mumbai, Delhi-NCR and Bengaluru are at least a decade old and require refurbishment that might cost over Rs 5,500 crore. The consultancy said in a report ‘Futureproofing 2.0 Upgrading commercial properties to build sustainable value’ after upgrading, rents might increase by up to […]

JLL Report: Approx 30% of the Office buildings in the top three cities need refurbishment.more

Indian Railways to monetize land parcels by leasing it to e-commerce firms.

March 16, 2020

The Indian Railways plan to monetize land plots in smaller cities by leasing them for warehouse setup to e-commerce companies. The Rail Land Development Authority, the statutory authority under the Ministry of Railways, said it was in talks with the largest online store in the country, the Flipkart, and that the interest will soon be […]

Indian Railways to monetize land parcels by leasing it to e-commerce firms.more

Top 5 property apps to consider while hunting a house.

March 14, 2020

Looking for a house, whether to rent or buy a house, is now a day a very tough task, particularly in metropolitan cities. It’s just a time-taking job to go out to search for one. But such tasks can be accomplished easily with the aid of websites or apps that enable people to look for […]

Top 5 property apps to consider while hunting a house.more

SBI announces MCLR deduction by 15 bps across various tenors.

March 11, 2020

On Wednesday, the nation’s largest lender State Bank of India (SBI), said that its marginal cost of fund-based lending rate (MCLR) has been reduced by up to 15 basis points across different tenors, effective March 10. The Bank’s one-year MCLR decreased from 7.85 per cent earlier by 10 basis points to 7.75%, said the SBI. […]

SBI announces MCLR deduction by 15 bps across various tenors.more

Karnataka state minister announces a reduction on stamp duty by 3%.

March 7, 2020

Stamp duty on new apartments or flats with costs below Rs 20 lakh would be lowered to 2% from 5%, as of April 1, to encourage affordable housing, as announced by the state Chief Minister B.S. Yediyurappa on March 5. “I propose that the stamp duty on the first time registration of new flats or […]

Karnataka state minister announces a reduction on stamp duty by 3%.more

Yerappanahalli, an emerging residential locality in Bengaluru.

March 5, 2020

Yerappanahalli is located in the north-eastern outskirts of Bengaluru. The airport and Manyata Tech Park are near to it. Sources report that approximately 86% of the available properties are residential plots and 14% are residential houses. The Yerappanahalli locality rating by the consumers is 4 out of 5 on livability. The ideal type of property […]

Yerappanahalli, an emerging residential locality in Bengaluru.more

Search Engine giant Google is going to lease 1.2 million sqft office space in Bengaluru.

February 27, 2020

Google leases about 1.2 million sqft of office space in Bengaluru from commercial developer Bagmane Group, people familiar with the matter said. The deal will be one of the biggest in the country’s largest office sector this year. The lease will add to the tech giant’s portfolio of real estate in Bengaluru, where it has […]

Search Engine giant Google is going to lease 1.2 million sqft office space in Bengaluru.more

Report: Hosing demand for cities like Pune, Bengaluru and NCR is anticipated to rise.

February 26, 2020

Since the total number of students from abroad enrolled in India increased by 36% as of 2012-2013 due to a variety of government measures taken place, demand for student housing has never been higher. In order to stimulate the “Study in India” initiative, in the previous budget, the government declared an “Ind-SAT” program to be […]

Report: Hosing demand for cities like Pune, Bengaluru and NCR is anticipated to rise.more