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Real EstateR
🌇 Property registrations spike
Various infrastructure projects have resulted in an increase in property registrations.
🌇 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.