Get The Local Brief, our smart and concise daily guide to your city, in your inbox for FREE.

Real Estate

🌇 BDA shortlists firms to build Shivaram Karanth layout

The selection process for the Bangalore Development Authority's (BDA) newest layout, which will be named after Kannada playwright and novelist K Shivaram Karanth, has been finalised.

🌇 BBMP withdraws OCs of Sobha City

Sobha City, a project built and offered for sale by Sobha Ltd on Bengaluru's Thanisandra Main Road, had its OC revoked by the BBMP on Sunday.

🏪 Big hikes in retail leasing

Retail leasing in India increased by 21% year over year in 2022 to 4.7 million square feet, with 1.4 million square feet of supply.

🌆 Rise of mid-scale developers

According to experts, Bengaluru's real estate market currently has a 35 percent proportion of large-scale developers, up from 25 percent two years ago, and a 25 per cent share of medium-scale developers, up from 15 per cent.

🏗️ Chennai’s real estate performance

Chennai's real estate sales have increased over the past year as economic concerns are less severe here.