Restoration Of Kaikondrahalli Lake Enhances The Visible Beauty

The city of Bangalore is famous as the “city of gardens” and no garden is complete without some water body. Blessed with a climate like Bangalore, there are many lakes and gardens that flourish here. In order to continue the tradition, the residents joined hands with the civic authorities to develop the Kaikondrahalli Lake and restore its former glory. A sum of 5.5 crores has received sanction from the authorities for the project. The BBMP is trying hard to recoup the image of the city after getting a lot of flak for inconsiderate development and maintenance programs.

The Kaikondrahalli Lake is just off Sarjapur Road and receives patronage from locals, settlers and visitors alike. Many residents feel they have a chance to experience nature in its full glory within the limits of the city. The efforts of the Bruhat Bangalore Mahanagara Palike and an affiliate of United Way Worldwide have actively concentrated their efforts to see the lake pulled back from extinction. The management of the lake is with the Mahadevapura Parisara Samrakshane Mattu Abhivrudhi Samiti (MAPSAS). The communities around the lake also full-heartedly support the cause. With the restoration work in full swing, the developers can get a better response for their properties around the area.

It is a blessing to have a fully fledged ecosystem next to their residences where families can get together in the evenings and play games on weekends. Relaxation in the lap of nature is a luxury not many like to forfeit. As there are several people who have strenuous jobs that require them to stay up for long hours and give exacting performance, they like to have the sight of lakes in the vicinity. Many developers have acknowledged that the presence of a garden and the main attraction of the lake is a big draw for investors in the area. Fortunately, the 5.5 crores project will go a long way in restoring the lake.

When the lake teetered on the brink of extinction, some committed individuals took up the challenge to bring it back to life. They succeeded with the help of the residents around and several associations. The garden and the lake are more than parts of the grounds. There are many other facets of the garden that attract many people towards it. An amphitheatre, jogging tracks, paths for cycling, lawns with fragrant grasses and benches, enhance the aesthetic quality of the place. In addition to that, amenities like toilets and solar-powered lights that are economical and eco-friendly are also installed here.

The colorful atmosphere is very inviting, and the maintenance work done here on the footpath, arranging security and employing gardeners to take care of the plants are prioritized in the new phase. Most visitors are from the localities of Sarjapur, Whitefield and HSR Layout. The clean water of the lake and trees planted on the grounds all serve to enhance both environmental and aesthetic value of the place. The MAPSAS and BMP joined hands with the dedicated individuals who took it upon themselves to rejuvenate a dying heritage of the city.

Inability To Ensure Pedestrian And Road Safety Hampering Development In Bangalore

The roads in the city of Bangalore are expected to be wide and allow more traffic to move seamlessly. However, as the roads become wide, there is no particular order as to how the pedestrians will move. Although there are lanes for the traffic to move, no one follows their lane when there is space to tuck in two cars ahead. Well, the news is, it has begun taking a toll on the people with multiple deaths marring the efficiency of the idea. Vehicles keep moving without thought or process and hurt other drivers and the pedestrians too. The move five years ago to decongest roads has succeeded only narrowly.

The Bangalore Development Authority and the Municipal Corporation of the city, the Bruhat Bangalore Mahanagara Palike transformed the roads to match international standards. However, they forgot one very crucial fact. Indians are never good with following rules in their country. As per data provided by the Traffic Department of Bangalore, the shocking information came to light. There was a steep rise of the number of accidents resulting in fatalities in the city. The busiest roads got busy snatching lives from all possible avenues. A cursory look at the condition of the traffic will show how lax the drivers are with their lives and that of others.

Some of the most dangerous and busiest roads here are the Madivala Outer Ring Road junction, Hosur Road, Varthur Main Road that runs along the Outer Ring Road and the Bannerghatta Outer Ring Road Junction. There have been 1085 pedestrians who lost their lives while 3123 people are reported to have suffered severe injuries. Instead of making good their promise of decongesting traffic, they have jeopardized the lives of others who walk the roads. It has caused the damage to the mobility to several people around the city who have to give way to the perceived rights of the motorists over the widened roads.

The information about the disturbing information about how pedestrians are growing anxious about crossing roads prompted responsible citizens and residents to file an RTI that resulted in the information. Instead of providing any facilities for the pedestrians, the civic administration merely widened the roads and left it at that. In the end, the lack of footpaths, pelican lights and even the basic zebra crossing forces them to wade through heavy traffic at peak times. Tempers run high around the time, and people get hurt or worse, end up dead.

The ironical parts about the whole situation are the establishment of underpasses at junctures where it is absolutely unnecessary and hardly ever used. However, they clearly ignore the need for the establishment of safety features in the highly travelled roads in the city. Widening roads to suit the purpose of motorists alone is like digging a well to drench the ground at times of drought while people wander in thirst. It would be better if the civic authorities take more interest in their duties, completely as opposed to thinking mostly to reduce work and enhance income.

Bangalore Is Attracting A Large Section Of Equity Money In The Real Investment Forum

As per the latest news search, it has bee found out that the real estate value in the Bangalore section is attracting the maximum PE investment, under the first half of the 2014. This shows that Bangalore beat Delhi, the national capital and also the commercial arena, which is Mumbai. This was the latest news feed from the property consultancy segment and people are looking forward for some of the other options, related with the same. The market is quite flourishing and real estate investors are trying their level best to get in touch with the best possible option, on the cards.

These values are led by the zone of office spaces, which are ever increasing under the Bangalore segment. The demand is a steady one and associated with the residential property areas. The real estate market saw a jump of the PE investment to 20 times and the money was focusing towards 2005 crore rupees. According to the last survey made, Bangalore last invested an amount of 103 crore under the PE investment for the first 6 months, in 2013. Even though, Mumbai received an investment, which is worth of 1140 crore, still Bangalore leads the charts. Some of the other major results are Chennai at 200 crore and also Delhi NCR at 490 crore.

According to the special spokesperson of the real estate consultancy segment, “The share associated with the PE investment is said to have been significant, and will stay in this order for some of the upcoming years, as well. The assets are known for their high and also premium quality occupancy rate and it can even offer the stable yields of somewhat around 9%. Thus, this deal can prove to be an attractive on, mostly for the investors.”

There are two major projects in Bangalore, which are recently holding the Rs. 100 crore margins. Some of the other deals are something around Rs. 470 crore and Rs. 100 crore. As the size of the tickets in Bangalore is quite reasonable, therefore; it is not at all a daunting task to get hold of the underwritten projects, in this category. The reliable real estate companies are closing deals on one or even two transactions a single month along with a reverse challenge of the velocity rate, which people need to be very careful. The professionals are ready and various new fields are investing huge amount in order to get a profitable deals, as a return gift.

As the growth is creating a huge difference in the outlook of the real estate property in Bangalore, therefore; some companies are planning to even invest a lump sum amount of 300 to 400 crore on a single project, in this value added platform. According to some professionals, Bangalore at this present moment is holding a stable position, which is attracting more investors in this podium, even more than in Mumbai and Delhi. The demands driven are always on the top and there are some other funds, which are again looking for some transactional deals, in Bangalore. Some have started their projects.

Commercial Realty Is Looking For Special Leasing Land In Bangalore For Good Profitable Returns

Not limited under one category, but companies from various sectors of the industry like e-commerce, IT and also consultancy firms are landing up with leasing and at the same time buying office spaces in Bangalore for a growing expectation of the economic boom in this category. They started to believe in such segment after coming in terms with the stable centralized governmental aids, which can be defined as the development, which can easily rejuvenate the job prospect in this segment. All the top market trends are applied by the companies before they plan to lease or buy the properties. These are done with growth in the revenue segment of Bangalore, mostly the southern fringes of the city.

All the top property consultancies of Bangalore are stating that they have their own mandates from some of the biggest corporate of the world in order to lease a lump sum amount of 40 millions square feet of spaces. This plan is to be focused to 7 of the top cities, this year among which, and Bangalore plays a pivotal role. With all those firms, which are planning to take help of more than the half of their spaces under their names for expansion areas, they are planning to create better job prospects for around 350,000 candidates, in this entire procedure.

As per the message provided by the director, “There is always urgency among clients, and this has increased to a great extent. Not much has undergone changes in the business sector, but everyone wants to get the best ranking procedure, to get hold of.” Moreover, the recent news showed well that consulting firms like the KPMG leases a large area of 700,000 square feet of space in the Bangalore area. On the other hand, it has been found out through rumors that the peers of this consulting firm like EY and more are also now demanding more space for the growth of their industrial sectors, mostly the IT segment.

On the other hand, it can be seen that Accenture is now looking for 1 million square feet of land in Bangalore, as per the news feed from some of the big property consultants. Another segment, apart from the IT area, which is looking for spaces in Bangalore, is an e-commerce platform. There are various rounds of consolidation along with entry of some of the global platforms in Bangalore, all looking for some free spaces to build up their empires. Some such big pros are eBay, Amazon and there are more to be added, in the list.

RMZ, the Bangalore based company, already leased out a large portion of land, which is 3.25 million square feet to some of the big corporate hunches. Even though the large scale of the leasing might not turn-out to be back yet, but there are some high signs, which are coming on first-hand basis. Not only the Indian corporate, but some of the major players from foreign lands are also trying to spend some lump sum amount of money for leasing lands for their manufacturing segments in Bangalore.

Prestige Estate Projects Ltd Bought 8.3 Acres Of Bangalore Land For A Lump Sum Amount Of Rs. 345 Crores

A good deal is to be focused at with the help of Prestige estate values, which already made it a plan to get hold of the new record of Rs. 345 crores for buying land in Bangalore, with special notes towards Bellandur. Also known as the southern high name of the real estate forum, Prestige Estate Projects Ltd. plans to clinch a big deal of the area of 8.3 acres, associated with prime land. This is associated with the German conglomerate associated with the Southern zone of Bangalore, and it will come up to a lump sum amount of Rs. 345 crore. This has turned out to be big news of the lot.

With Rs. 43 crores on per acre deal, this land transaction can be defined as the biggest option of the IT capital of the country and this is also going to create a podium for some of the big deals, for the upcoming times. Moreover, this transaction can also be defined as the largest per acre deal, which has been done by Prestige in their history, revolving around 3 decades, on the cards. According to the big CEO and broker head of this firm, “I cannot remember anything like this big, for quite some time now as this is the biggest of the lot. This transaction can also be stated to be a record payment, as part of the city center option of a land parcel, ever made.”

Bangalore came up with different types of outright land acquisitions, but according to all, this seems to be the best and foremost option, on the cards. The developers of the city solely deal with the joint development segments, associated with their project’s portfolios. However, as the prestige’s land buying segment became a topmost deal to focus at, VGN developers are not quiet behind. They had recently bought the land for 1.5 crore for the Tata Communication land parcel, and it can be seen in the hearts of Chennai, last year, with a total of Rs. 200 crore. However, prestige is now leading the chart for sure.

As per the comment made by the CMD, the transaction is going to be financed with the help of debt, as well as internal accruals. They are mostly looking now for mixed use project segment and have already started to draw a master plan for all to deal with. The share of this company hiked up to a percentage of 1.48 and as a close rate of Rs. 242.90, in the reliable Mumbai market, as the news was placed recently. The transaction is going to be focused by the country’s largest consultancy firm.

Prestige is planning to construct an empire of 1.17 million spaces with FSI of the 3.25 value. There are some special provisions for the zone of public works as widening of the road, and more. Moreover, it is also going to add some of the TDR values, making it a little more than the preceding value of 1.5 million building spaces. This has now turned out to be a hot piece of news for all to share.

MORE Is Planning For An Investment With The Ahuja Developers And The Mahaveer Group

As per the latest news feed, it has been found out that the Indian Realty excellence Fund, related with the zone of II LLP, which is managed by the MORE, or the zone of “Investment Advisors from the zone of Motilal Oswal Real Estate” is going to announce the two investments, which has been the latest feed of the time. The investments are of lump sum amount of money of 100 crore rupees investments in the field of one in the zone of Mumbai, in the areas of Ahuja Developers and another field is noted in the Bangalore region with the help of Mahaveer Group. Moreover, this is also going to be a vital aspect for the favorable areas of real estate values, which you need to focus at.

It has also been found out that the MORE segments have made a maiden investment from the zone of IREF II with a helping hand from the Ahuja Developers. These have been the major collaboration in the zone of the upcoming residential projects, under the zone of Prasadam, in the area of Ambernath at East. According to a member from MORE, it has been stated that Ambernath can be defined as one of the most important and fastest growing sectors in the extended suburb zones of MMT. MMT can be a full time value added area of Mumbai Metropolitan Region. This can be enjoyed well with the help of rail and proper road connectivity and you can also enjoy the best of good social infrastructure, which is again driving in with more demands.

As per the latest segments, it has been found out that the project has already received an overwhelming response associated with its launch. It has also been claimed by Gautam Ahuja that the association of Ahuja Developers with MORE for the zone of Prasadam in Ambernath, can give rise to a huge leap in the modern field. Moreover, this partnership is also going to go for the zone of long term investments in the institutional segments.

Moreover, it has also been stated lately that the fund has been invested with the help of Mahaveer Group. The monetary services have been divided into two major segments and those are Bommanahalli and also Yelahanka, in the Bangalore genre. According to them, Yelahanka can be a rapid expanding area, due to the growing importance of the international airport. The second projects, located at the area of Bommanahalli in the South Bangalore region is associated with the mid income residential location, which will come with full social infrastructure. According to Mahaveer Group, they are looking for a long term relationship in the zone of real estate business in Bangalore. As they are getting good vibes in the area of real estate, this field is gaining huge importance with every passing day.

Collaboration Between M S Ramaiah Group And Godrej Properties Will Give Rise Of A Township In North Bangalore

There is a new collaboration, associated under the zone of Godrej properties, related with the genre of M S Ramaiah Group. The main aim is to build a 100 acre township in the Bangalore region. As per the latest news result, it has been found out that the Godrej property, which is a Mumbai based marketing zone, has already partnered with the M S Group Ramaiah family members in order to deal with the 100 acre township, which is going to be situated in the North Bangalore. This source of news was first provided by the sources, related with the developmental field.

The profitable share agreement is going to be based on the 50:50 ratio zones, which will surely give rise to a new professional relationship. Moreover, depending on the ratio share, the project is also going to come across some reliable development, associated with the 10 million square feet, associated with the residential space. Some of the areas, which deserve special mention, are villas, apartments, and plotted developments and there are more to be added, in the list. According to the sources and their information to TOI, the project is surely going to generate a lump sum amount of profitable deals, which can be more than 1000 crore, for a start.

The Godrej property also informed the zone of the stock exchange, related with the township, but it did not give any valid details of the local land partners, which are yet to be focused here. Among so many areas, which have emerged as the hotspot zone of township developments, you might think of taking help of Bellary Road, mostly in the Devanahalli Suburb. The importance of growing popularity can be defined as none other than the availability of the land patches. Moreover, it has also been found out that Brigade Enterprises has already launched a township project of 130 acres in the township area. On the other hand, the Ozone Group is also going to develop the field of 158 acres of the township region.

Founded by none other than M S Ramaiah, the M S Ramaiah Group is planning to own a lump sum amount of land of 400 acres, which is quite close to the Kempegowda International Airport, located in Bengaluru. According to a spokesperson, “One or maximum two family members of the M S Ramaiah Group have joined established a friendly relationship with the Godrej family. Moreover, the members are also dealing with other developers in order to monetize the land holdings in this particular area.

According to the Managing Director of Godrej Properties, Pirojsha Godrej, this collaboration can be stated as the third township specter of the company. The other two are located in the Mumbai and Ahmadabad regions. Godrej is presently developing 95 million square feet commercial and residential space, across 12 areas or cities in India.