Brigade Enterprises Ltd IPO over-subscribed nearly 13 times
The initial public offering of real estate firm Brigade Enterprises Ltd today got over-subscribed by nearly 13 times.
The issue received bids for 21.40 crore shares against 1.66 crore shares on offer.
The price band of the issue has been fixed between Rs 351 and Rs 390. The issue, which opened on December 10, would close today.
The […]
Sakrama gets temporary relief!!
The deadline for filing applications for Sakrama scheme has been extended from December 14, 2007 to March 31, 2008 by the State executive committee.
This is a relief to the people, despite the fact that its a temporary one. In a State executive committee meeting headed by Governor Rameshwar Thakur it was decided to apply […]
Interim order on Sakrama today
The Karnataka High Court on Monday said it would pass interim orders on petitions by residents of Bangalore and Mangalore who have filed public interest litigation (PIL) petitions challenging Sakrama — the scheme evolved by the State Government for regularising buildings with violations and illegal change in land use.
The court admitted a petition by […]
5.5 lakh Bangalore properties eligible for ‘Sakrama’
Nearly 50 per cent of the private residential and commercial properties in Bangalore have not been assessed for property tax and are therefore illegal structures, according to official documents.
The lukewarm response to the Sakrama scheme of the State Government by encroachers and violators is rather surprising.
The owners of unauthorised constructions have donned the robes […]
Bangalore real estate boom takes big leap
The information technology capital of the country is set to see annual investments exceeding Rs 12,000 crore during the next few years in real estate. The funds will go into constructing 50,000 dwelling units a year.
This is against the 1.5 lakh flats and apartments which are currently under construction involving an investment of Rs […]
