Indospace plans 64 acres park in Bangalore

Indospace is expanding its footprint in the South and plans to develop a 64 acres park in Narasapura, Bangalore.

The park will boost IndoSpace’s footprint in the manufacturing and industrial destination of Karnataka, cater to the warehousing requirements of companies across sectors such as automotive, engineering, electric vehicles, e-commerce, and FMCG, amongst others.

“By offering a solid foundation with our Grade A logistics infrastructure to customers across sectors, we a ..

Read more at:
https://economictimes.indiatimes.com/industry/services/property-/-cstruction/indospace-plans-1-5-million-sq-ft-park-in-bangalore/articleshow/86252339.cms

Ashish 

9971887571

BBMP set to crack down on illegal buildings

Civic body close to completing first phase of survey

The Bruhat Bengaluru Mahanagara Palike (BBMP) is close to completing the first phase of its survey to identify buildings that have been constructed without any approval or in violation of the approved plans and by-laws across the city.

However, this was only after the High Court of Karnataka pulled up the civic body, which is the authority that sanctions building plan approvals, for the increase in the number of illegal constructions. The BBMP is likely to submit a report to the HC within a fortnight.

Through the survey, the civic body aims to ascertain if there has been any violation during construction. It is said to be in the final stages of completion.

Senior officials told The Hindu, on condition of anonymity, that the civic body’s Town Planning Department approved over 8,300 building plans between January 2020 and May 2021 across all the eight zones.

In November 2019, the HC directed the BBMP to not only identify illegal constructions, but also submit a plan of action for their removal or demolition in a phased manner. “The case came up for hearing last week. The court has granted our request for 15 days to submit a report,” an official said.

Once this survey is completed, the civic body will take up a survey of buildings constructed in 2019-20. “This will be a continuous activity. The survey will help us identify not just illegal constructions, but also those that have encroached upon government property,” the official added.

After the exercise is completed, notices will be issued to owners of illegal buildings that have been constructed without a sanctioned plan or those that are in violation of the building by-laws, and demolition of the same will be taken up. “In some zones, tenders have also been floated to fix the agencies to take up demolition of the identified illegal buildings,” said an official.

https://www.thehindu.com/news/cities/bangalore/bbmp-set-to-crack-down-on-illegal-buildings/article36443639.ece

Ashish 

9971887571

Teamlease MD buys luxury apartment in Bengaluru for Rs 24 crore

 Staffing firm 

Teamlease

 NSE 1.28 %’s cofounder Ashok Kumar has purchased a bungalow in Bengaluru for ₹24 crore, marking another big-ticket transaction in the super-luxury residential segment. The property has five bedrooms spread over the ground and first floors in Regency Magnosa on Kasturba Road.

The property was purchased in August and is jointly held by Kumar and his wife, Pooja Reddy, as per documents accessed by zapkey.com. The  ..

Read more at:
https://economictimes.indiatimes.com/industry/services/property-/-cstruction/teamlease-md-buys-luxury-apartment-in-bluru-for-24-cr/articleshow/86048037.cms

Ashish

9971887571