Bengaluru Plans Major Transformation With Three New Integrated Townships In Bidadi, Solur And Nandagudi @Houseliv

Real Estate News Bangalore Houseliv
The Bangalore Metropolitan Region Development Authority (BMRDA) is set to develop three integrated townships on the outskirts of Bengaluru, reviving a proposal that has been in the works for nearly two decades.

The townships are planned for the suburbs of Bidadi, Solur near Magadi, and Nandagudi in Hoskote. According to officials, the Bidadi Township will be the first to be developed, serving as a pilot project.

“We are focusing on these three areas because they are connected to the Satellite Town Ring Road (STRR),” explained Rajendra P Cholan, Metropolitan Commissioner of BMRDA.

“Bidadi will be the first to be developed. It is strategically located, surrounded by four highways. Our plan is to create an integrated township with a mix of commercial establishments like logistics parks and data centres, alongside high-rise residential units,” he added.

Planned townships on map. (Artha Midas)

Nandagudi was selected due to its location along the under-construction Bengaluru-Chennai Expressway, while Solur was chosen for its proximity to Nelamangala and Bengaluru, Cholan added.

As part of the preparatory work, BMRDA has reached out to Namma Metro to assess the feasibility of extending metro connectivity to these regions. In addition, the Bangalore Water Supply and Sewerage Board (BWSSB) has been asked to develop infrastructure for supplying potable water to these areas.

The BMRDA has several tasks ahead as it moves forward with the project. The authority is seeking state government approval to notify a large parcel of land for acquisition. Additionally, it is gearing up to prepare a detailed project report (DPR), while the Bengaluru Urban district administration will conduct a social impact assessment study.

Cholan noted that the government has already deployed three land acquisition officers to begin groundwork for the project. “We will also establish an engineering wing, and the file is currently awaiting approval from the finance department,” he said. “Additionally, we are in discussions with several financial institutions to secure loans for the project.”

The three regions were part of a broader proposal made in 2006, during H D Kumaraswamy’s tenure as chief minister, to develop five suburbs, including Ramanagara and Sathanur, into integrated townships. However, the project stalled following a change in government.

In November of last year, the Siddaramaiah-led government established the Greater Bengaluru Development Authority (GBDA), which has the mandate to carry out development work in the BMRDA region.

The region includes 12 local planning authorities spread over 8,000 square kilometres. Similar to the Bangalore Development Authority (BDA), the GBDA is expected to handle land acquisition and engineering work for the proposed townships.

Houseliv Realty 

 

 

Bengaluru India's Biggest Real Estate Market In Last Quarter, Says Report @Houseliv

Bengaluru Houseliv Realty: The IT hub has emerged as the leading residential real estate market, with a sale of 18,550 units last financial quarter, said a report from Real Estate Intelligence Service (REIS) of JLL Research on Thursday.

The report also pointed out that new launches in the city increased by almost 45 per cent, with 16,537 units.

Sustained demand for property in Bengaluru supported by the booming IT sector, infrastructureupgradation programmes and conducive business environment has been attracting several national and regional developers to the city, resulting in healthy launches every quarter, said Rahul Arora, senior managing director (Karnataka & Kerala), JLL India.Houseliv Realty

According to him, in Bengaluru, Whitefield contributed 47 per cent of the new launches, followed closely by Hosur Road and Bellary Road.

The upper-mid segment apartments (priced between ₹ 1 crore and ₹ 3 crore) held a dominant 62 per cent share in the last financial quarter.

"Whitefield continues to hold its dominant position driven by its office sector expansion and recent extension of the Namma Metro. The corridor connecting Whitefield to Kempegowda International Airport through Budigere Cross has attracted several reputed developers who have announced projects largely within a ticket price range of ₹ 1 crore and ₹ 3 crore," said Arora."Interestingly, around 25 per cent of Bengaluru's sales were contributed by projects launched during the first six months of the year, signalling strong buyer confidence in such developments," said Samantak Das, chief economist and head of research and REIS, India, JLL, adding that the city's unsold inventory too registered a perceptible dip.

Bengaluru Real Estate

Soon, you can check property's legal status in Bengaluru houseliv

Bengaluru: Property buyers will soon be able to check if the property of their interest is stuck in a legal tangle or has a clear title as the e-governance department is in the process of mapping all properties facing court cases and litigation.

The comprehensive database, which will be made public, will help property buyers check the legality of the property by using the corresponding property ID.

"There is confusion among buyers who are scared that they might end up buying properties under litigation. The database will clear the confusion and act as a one-stop destination for all details about the property," a senior official from the e-governance department said.

Owing to the lack of information, there have been numerous frauds and multiple court cases have been registered against a single property. Noting such developments, the Karnataka High Court had at multiple instances instructed the state government coverage all information sources.

Real Estate Bengaluru

houseliv.com

Illegal Construction in Bengaluru's Buffer Zones, Warn Expert.

In Bengaluru, experts have declared construction in buffer zones as illegal, sounding the alarm over ongoing projects that threaten these vital green spaces.

Environmentalists and urban planners have been vocal in their concerns about the encroachment on these ecologically sensitive areas.

As the Real Estate Bengaluru city continues to expand, the protection of buffer zones is critical to maintaining a healthy and sustainable urban environment.

The construction activities in Bengaluru's buffer zones have raised legal and environmental issues, prompting local authorities to revisit existing regulations and zoning laws.

This controversy highlights the urgent need for stricter enforcement of land use policies and the preservation of green spaces in the city.

The consequences of unregulated development in buffer zones can have far-reaching impacts on biodiversity, water resources, and overall urban well-being.

Bengaluru Development Authority BDA to launch 322 luxury villas in the Bengaluru city

322 opulent villas will be made available in the city by the Bengaluru Development Authority

At the Puneeth Rajkumar Housing Complex in Hunigere, which is part of Bangalore North Taluka, the Bengaluru Development Authority (BDA) is close to finishing construction on 322 villas.

For between Rs 75 lakh and Rs 1.1 crore, around 170 4BHK and 152 3BHK villas would be auctioned. According to BDA officials, the carpeting in the villas would be between 1,500 and 2,300 square feet. 

The sale will start soon, and customers can make online reservations via the BDA website.

When the villas are ready for sale, according to officials, their prices may increase by 10% over the original price. In the neighborhood, BDA has also built an apartment building with 320 1BHK flats.

BDA site owners not allowed to build houses even after two decades

BENGALURU: The massive hurdles faced by the Bangalore Development Authority (BDA) site allottees to construct house on plots allotted to them two decades ago in Banashankari VI stage came to the fore during a public grievances meet on Wednesday. The owners said the Forest Department was not permitting them to go ahead with the construction as the Turahalli forest is in its vicinity.

total

A  of 2006 sites, allotted in 2003-04, have run into trouble with the Forest Department. Giving details, a senior BDA official said the sites were handed over two decades ago. “In 2009, the Forest Department said that a good chuck of the land fell within its limits and it has taken its possession. They fenced the land with a wall too. So, 849 sites were lost in this,” the official said. This includes sites in 3rd, 5th, 4B block and 4 H blocks.

Meanwhile, a few among the remaining allottees had attempted to build houses on their land. However, two years ago, the Forest Department said that many sites fell within 100 metres of its border, which the department calls a buffer zone, and stopped the construction. “A total of 1,157 sites including two civic amenity sites are impacted. The allottees are not being allowed to build houses by the Forest Department whenever they attempt to do so,” he added.

Asked about it, BDA Commissioner Kumar G Naik said the BDA has sent a proposal to the government to ensure the Forest Department fixes the buffer at 30 metres.

Team Houseliv Realty  

Understanding which type of real estate is a better investment: Commercial vs. Residential Property in India

The  Indian Real Estate  sector has always been an attractive avenue for investors seeking long-term wealth appreciation and stable returns. With the country’s rapid urbanization, burgeoning population, and increasing disposable incomes, the demand for both commercial and residential properties has witnessed significant growth.

However, the question that lingers in the minds of many prospective investors is whether commercial or residential properties present a better investment option in the current scenario. To ascertain the best choice, let’s explore the dynamics of both segments.

Residential Real Estate: Stability and Growth

Investing in residential real estate has been the traditional route for many Indian investors. Residential properties provide a sense of security and serve as a primary need, making them less susceptible to market fluctuations. Additionally, the Government’s various initiatives, such as affordable housing schemes and tax benefits, have further fueled demand in this segment.

One of the key advantages of investing in residential properties is the potential for capital appreciation over time. As cities continue to expand, the demand for housing will persist, leading to price escalation, especially in prime locations. Moreover, rental income from residential properties can supplement the investor’s cash flow, providing a steady stream of income.

However, the residential real estate sector is not without challenges. The market can experience periods of stagnation, and regulatory changes can impact the industry. Also, it may take a longer time to find tenants in certain localities or during economic downturns, affecting rental income.

Commercial Real Estate: Higher Returns and Diversification

In recent years, the commercial real estate segment has gained traction among investors seeking higher returns and diversification. Commercial properties, including office spaces, retail spaces, and warehouses, offer several advantages in the current scenario.

Firstly, the potential for rental yields in commercial properties is usually higher than residential properties. Businesses, especially in the retail and office sectors, are willing to pay a premium for well-located spaces that offer visibility and accessibility. With the rise of startups and multinational corporations setting up operations in India, the demand for quality commercial spaces is on the rise.

Secondly, investing in commercial real estate provides diversification, reducing the overall risk in an investor’s portfolio. Unlike residential properties, which are often influenced by macroeconomic factors and individual preferences, commercial real estate is more closely tied to the performance of businesses and industries, making it less susceptible to individual financial woes.

However, commercial real estate also comes with its challenges. The initial investment required for commercial properties is typically higher than that for residential properties. Additionally, finding the right tenant and managing the property can be more demanding, requiring specialized knowledge and professional support.

Current Scenario: Striking the Right Balance

In the current Indian real estate scenario, both residential and commercial properties offer viable investment options, each with its unique pros and cons. As the market continues to evolve, a well-balanced investment approach may prove to be the most prudent strategy.

Investors  must consider their risk tolerance, investment horizon, and financial goals when choosing between commercial and residential properties. For those seeking stable and long-term wealth creation, residential properties can serve as a solid foundation. Conversely, investors looking for higher rental yields and potential for faster growth may find commercial properties more appealing.

The Indian real estate sector presents a promising landscape for both commercial and residential investments. While residential properties offer stability and long-term appreciation potential, commercial properties offer higher returns and diversification benefits. Ultimately, the decision to invest in either segment depends on the investor’s individual preferences and financial objectives.

As the Market dynamics continue to evolve, investors must stay informed about the latest trends and regulations in the real estate sector. A well-researched and balanced approach, backed by expert advice, will help investors navigate through the complexities of the Indian real estate market and make prudent investment decisions that align with their financial goals.