28092015-Bengaluru-Froth collected at Belendur for Sangeetha story in Bengaluru ........Photo Satish.B

Apartment complexes around the Belandur Lake to be inspected

BENGALURU: The Karnataka State Pollution Control Board (KSPCB) will launch an inspection of 159 apartment complexes and other commercial establishments in the Bellandur lake catchment area -estimated to cover a third of the city -to assess the operational efficiency of sewage treatment plants (STPs). “We have formed a team of 30 officers to carry out […]

Karnataka govt to regularize illegal houses on revenue land

Karnataka govt to regularize illegal houses on revenue land

BENGALURU: After the bill to amend the Karnataka Land Reforms Act, 1964, which is expected to benefit 4-5 lakh landless labourers who have settled in 4,000 clusters of habitats, the government is launching a scheme to provide permanent houses for the urban and rural poor who have put up temporary houses on revenue land. The […]

90% pay new property tax, but revenue dips

90% pay new property tax, but revenue dips

The good news for the civic body is that despite the vociferous protests against its new property tax system, nearly 90% of the 2.64 lakh citizens who were sent bills have cleared their dues. The bad news, however, is that its collection has dropped by nearly Rs400 crore as it had to reduce the tax […]

Bangalore-based retailer Shankara BuildPro, which is into home improvement and building products, has filed for an initial public offering to raise about Rs 450 crore. According to market sources, the company has filed the draft red herring prospectus (DRHP) with the market watchdog Sebi today and proposes to mop up between Rs 4

Shankara BuildPro files for Rs 400-450-cr IPO

Bangalore-based retailer Shankara BuildPro, which is into home improvement and building products, has filed for an initial public offering to raise about Rs 450 crore. According to market sources, the company has filed the draft red herring prospectus (DRHP) with the market watchdog Sebi today and proposes to mop up between Rs 400 crore and […]

Bengaluru's residential real estate market stabilising

Bengaluru’s residential real estate market stabilising

BENGALURU: Residential real estate market in Bengaluru is stabilizing and catching back with its pre-demonetization phase after seeing steepest fall post global financial crisis. Sudhir Pai, CEO Magicbricks says,“Our Data sciences and analytics team, enables us to give un-opinionated views about the real estate market trends. Insights from our recent PropIndex report show that while […]

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