Karnataka relaxes building norms: Bengaluru set for taller, integrated developments in industrial corridors

Karnataka’s decision to relax building norms under the Karnataka Industrial Areas Development Board (KIADB), allowing a floor area ratio (FAR) of up to 5.2 through premium payments, is set to significantly reshape Bengaluru’s skyline. The move is expected to spur large-scale expansion across industrial, commercial and residential projects along the state’s industrial corridors. By permitting […]

Mumbai redevelopment: Can an old building be redeveloped if homeowners have an ongoing home loan on their flats?

Ramana Iyer, a resident of Mumbai’s western suburbs, said the proposed redevelopment of his 40-year-old building has hit a roadblock as one member has an outstanding home loan of ₹45 lakh. According to Iyer, the homeowner has been unable to obtain a no-objection certificate (NOC) from the bank since the loan remains unpaid and is […]

LA woman spent $50K building a company that sold for $22M only to buy it back. What aspiring entrepreneurs should know

In the world of startups, the goal for many founders is not to grow their business into a mature operation, but to scale quickly and make a big exit. Famous examples include Facebook’s multi-billion dollar acquisitions of Instagram and WhatsApp, as well as Microsoft’s acquisition of Github, which made the founders of those startups instant […]

Mumbai’s 140-year-old Capitol Cinema building gets new owner, set for heritage-compliant restoration

The heritage structure housing the 140-year-old Capitol Cinema, located opposite Chhatrapati Shivaji Maharaj Terminus (CSMT), has a new owner and is set to undergo repairs and renovation in accordance with heritage conservation norms. Inorbit, owned by the K Raheja Group, has acquired Nadir Company Private Limited, the leaseholder of the iconic Mumbai property, according to […]

National Garage building, a Bombay landmark, razed to construct city’s tallest skyscraper

MUMBAI: The city’s tallest skyscraper is set to come up in place of the landmark National Garage building on Bhulabhai Desai Road near the Haji Ali junction. The building which housed the iconic showroom, located between shopping arcade Heera Panna and Cadbury House, has been razed to the ground to make way for ultra-luxury residences, […]

Mumbai real estate: NCC Ltd purchases ₹18.5 crore office in Andheri’s same building where Saif Ali Khan owns two units

Infrastructure major NCC Ltd has purchased a commercial office space in Mumbai’s Andheri East area for ₹18.5 crore, according to property registration documents. The office space is located in the same building where Bollywood actor Saif Ali Khan purchased an office earlier this month. Mumbai real estate update: Infrastructure major NCC Ltd has purchased a […]

Next GIFT City? Karnataka building ‘IT City’ near Bengaluru, DK Shivakumar says| Business News

The Karnataka government is building an “IT City” near Bengaluru, Deputy CM D.K. Shivakumar said, even as he touted infrastrutural spending worth lakhs of crores on the tech capital of India. Karnataka Deputy CM D.K. Shivakumar says no other city can match Bengaluru’s weather and culture. (PTI) “We are developing residential layouts for NRIs, a […]