Bengaluru may see residential property prices going up in the coming quarters by 15-20 percent, even as demand picks up for both affordable and luxury segments in the city. The commercial segment in the city has been impacted, as there was no new leasing In the last three months, according to CREDAI Bengaluru president Kishore
Pay up to 33% premium for higher FAR in Karnataka
The Karnataka government on July 31 issued an ordinance to encourage vertical growth in the state by allowing civic agencies to impose up to 33% premium for higher Floor Area Ratio (FAR). This is expected to bring in more revenue to the government. The ordinance, an amendment to the Karnataka Town and Country Planning (KTCP) Act, provides civic