Realty firm Brigade Enterprises Ltd has bought a 12.95-acre land parcel in north Bengaluru’s Yeshwantpur area for Rs218 crore from SAB Miller India Pvt. Ltd, said a top company executive. The acquisition has been made through Brigade’s subsidiary Brigade Infrastructure and Power Pvt. Ltd. “We plan to build an IT (information technology) park. The acquisition… Read More »
In the costliest real estate deal, BP Kumar Babu of Cornerstone Group, the largest landholder in Bengaluru, has acquired a 10,000-sqft plot opposite UB City for Rs 45 crore. At Rs 45,000 per sqft, the deal has dwarfed all other recent transactions, including Flipkart cofounder Binny Bansal’s residence buy in Koramangala last year. Confirming the… Read More »
The Mumbai-based real estate firm, on March 15, has announced acquisition of 7.5 acres of land (0.8 million square feet saleable area, residential) in North Bangalore for a consideration of Rs 60 crore. Given high IRR (internal rate of return), the brokerage house views this deal favorably, and it thinks this could lead to bigger… Read More »
Buckling under pressure from industrial associations and the realty sector, the government on Wednesday decided to do away with the system of allotting land on a 99-year lease condition through the Karnataka Industrial Areas Development Board (KIADB). Hence forth, absolute sale deeds will be issued. A decision to this effect was taken during the cabinet… Read More »
“With the value of land increasing in Bengaluru, people have realised that there is no profit in education.Those surviving are the ones with a service motto. That can be the only reason for colleges shutting shop,” said H.U. Talawar, director of technical education. Source: Economic Times
Infosys has acquired about 3 acres of land in Electronics City for Rs 32.5 crore from Pradot Technologies, according to people familiar with the matter. India’s second largest IT services provider has paid about Rs 2,500 per sqft for the land parcel, the sources said. Ramadas Kamath, head of infrastructure and sustainability at Infosys, confirmed… Read More »
Property developer Salarpuria Sattva has bought a six-acre plot in Bengaluru’s IT hub from New York-based Alexandria Real Estate Equities, which is seeking to consolidate its operations in India. The deal was closed at about Rs 75 crore and came at a discount to the builder, two persons familiar with the development said. The firm… Read More »
Realty major Embassy Group and the Kirloskar family have jointly acquired a 12-acre land parcel near Hebbal from drug maker AstraZeneca for Rs 290 crore. Chairman of the Embassy Group, Jitu Virwani, confirmed the transaction but did not share other details. Source: Economictimes
Embassy will pay about Rs 230 crore or Rs 23 crore per acre and pay rest as broker charges, registration charges etc. In one of the prime real estate deals in South India, Billionaire Jitu Virvani led Embassy Group has bought a 10 acre land parcel from pharma company AstraZeneca in Hebbal area in Bengaluru… Read More »