Brigade Hotel Ventures, a South India hotel owner, will launch its IPO on July 24. The IPO aims to raise Rs 749.6 crore. It will close on July 28. Anchor investor bidding opens on July 23. Funds will be used for debt payment and land purchase. The company has nine operating hotels across multiple cities.
Karnataka is implementing groundwater usage charges, ranging from Re 1 to Rs 35 per cubic meter, for various users, including individuals, societies, and industries. Mandatory NOCs are required for borewells, with extraction caps for tankers based on zone criticality. Revenue generated will fund recharge initiatives, promoting sustainable water resource management across the state.
Karnataka's revenue department has digitised over 32 crore land record pages. This is under the Bhu Suraksha initiative. The goal is to create tamper-proof digital documents. The scheme aims to cover 100 crore pages by December. Distribution of digitised documents is underway. The department is scanning and storing records securely. This will prevent illegal alterations.
Godrej Properties has expanded its footprint in Bengaluru with the outright purchase of a 48-acre land parcel in Doddaballapur. This strategic acquisition will facilitate the development of plotted units, offering a development potential of 1.1 million sq ft.
IndiQube Spaces has set the IPO price band at Rs 225-237 per share, aiming to raise Rs 700 crore. The IPO will be open from July 23-25, with a valuation of nearly Rs 5,000 crore at the upper end. The company intends to use the funds for expansion and debt repayment, with listing expected on July 30.
The CM, after a long discussion with the farmer leaders, said the government, however, was open to buying land from farmers open to giving their land up for industrial use. Such farmers would get higher compensation than the guidance value or a higher share of developed land as compensation, he added.
The note is based on a letter written by former president of BJP Bengaluru South NR Ramesh. “Most of the buildings are constructed on B khata properties.
Bengaluru's Cooke Town is grappling with rampant building violations. Builders flout norms, adding floors and ignoring setbacks. Despite Supreme Court guidelines, BBMP is slow to act. Residents allege negligence and inaction, even with demolition notices issued. Only token action is taken against violators. Residents fear the situation will worsen, straining infrastructure and blocking pedestrian access.
Karnataka RERA faces criticism for delays in delivering judgments, prompting a home buyer to file a complaint with the KSHRC over a pending order regarding deficiencies in a Sobha Arena project. Concerns are rising as the delay impacts the fundamental right of justice.
Ajmera Realty reported ₹108 crore in sales for Q1 FY26, with 63,244 sq ft sold, though project launch delays due to regulatory hurdles impacted performance. Collections surged 42% year-on-year to ₹234 crore, driven by efficient execution.
Puravankara announced strong pre-sales of ₹1,124 crore in Q1 FY26. This reflects a 6% year-on-year growth. The company achieved this despite no new project launches. Average price realization increased by 9% to ₹8,988 per sq ft. Puravankara added projects with a GDV of ₹3,100 crore. This includes a Mumbai redevelopment and a Bengaluru joint development.
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