BENGALURU PROJECTS
Astrobase to invest Rs 800 crore in Andhra Pradesh to expand rocket testing facility
The company has signed a memorandum of understanding with the Andhra Pradesh Economic Development Board to add 339 acres to the facility. The expanded infrastructure will support launch vehicle stage development, static hot-fire testing, stage-level hop tests and reusability validation.
PM Modi to open Bengaluru metro stretch; CM Shivakumar seeks extra fund, faster approvals
Prime Minister Narendra Modi will inaugurate a 7.5-km elevated stretch of Bengaluru's Namma Metro Pink Line on November 14, taking the city's operational metro network beyond 100 km for the first time, to around 103 km. The Kalena Agrahara-Tavarekere section will open to commuters at 6 am.
PM Modi in Bengaluru on Nov 13, to launch Rs 15,600 Cr projects, flag Off Goa Vande Bharat
Prime Minister Narendra Modi will visit Karnataka on November 13 to launch and lay the foundation stone for infrastructure, energy, transport and urban development projects worth more than Rs 15,600 crore across Bengaluru and Mysuru.
Karnataka: Khandre orders blacklisting of L&T over delay in rural water supply projects
Karnataka's Rural Development Minister Eshwar Khandre has blacklisted L&T for delays in drinking water projects. The projects involve supplying water from Renukasagar reservoir to various rural areas in Dharwad and Belagavi districts. Khandre instructed officials to take stringent actions against contractors not meeting obligations for timely work completion. He identified inadequate power supply as a significant challenge affecting water supply operations in rural regions.
Landlords opt for full financial review of rentals as India's rental market grows
India's rental market is expanding rapidly, prompting landlords to adopt technology for tenant background verification. The Model Tenancy Act aims to expedite eviction disputes, but many states still use older laws. Mumbai and Chennai experience significant rent increases, while other cities see moderation in growth rates. With many choosing to rent longer, economic factors influence the demand for rentals.
PM Modi to open Pink Line stretch, taking Bengaluru metro network past 100 km
Prime Minister Narendra Modi will inaugurate a 7.5-km elevated stretch of Bengaluru’s Pink Line on November 14, taking the city’s operational metro network beyond 100 km to about 103 km. The Kalena Agrahara-Tavarekere section will open to commuters at 6 am.
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Ahead of Modi visit, Karnataka steps up pressure on Centre seeking higher central share for Bengaluru Metro
Ahead of Prime Minister Narendra Modi's upcoming visit, Karnataka is launching a campaign for metro funding. Chief Minister DK Shivakumar highlighted the state's financial burden due to project delays and land costs. The government seeks faster Central approvals for the proposed 37.8-km Sarjapur-Hebbal Metro line. Greater Bengaluru Development Minister Krishna Byre Gowda emphasized the need for increased financial support from the Centre.
Realty firms' land acquisition falls 56% to 1,445 acres in Jan-Sep: Anarock
In the first nine months of 2026, a notable drop in land acquisition activities by Indian real estate firms has been observed. Anarock attributes this decline to developers adopting a cautious strategy, influenced by rising costs and emphasized selectivity in land purchases. Notably, joint development agreements with landowners represented 25% of all deals, hinting at a stronger focus on project feasibility and connectivity.
Karnataka plans feasibility studies for 1,500 MW floating solar capacity
Karnataka is currently exploring the establishment of floating solar power projects aimed at generating 1,500 MW capacity. The initiative includes conducting feasibility studies and surveys for suitable reservoirs and water bodies. KPCL will evaluate technical aspects and environmental impacts as part of project preparation. This project reflects the state's commitment to innovative renewable energy solutions while optimizing land and water resources.
Qualcomm layoffs severance package: 3 months' salary, extra payout based on years of service & one more month's pay for signing exit papers within 3 days; what employees are being offered
Qualcomm has reportedly begun laying off employees in India as part of a global workforce restructuring exercise that could affect around 1,000 staff, or 5–6% of its workforce in the country. Reports suggest affected employees may be offered three months' salary as severance, with additional compensation based on tenure and an extra month's pay for those who sign exit documents within three days. Qualcomm has not publicly confirmed the reported severance package.
Land deals moderates as developers balance expansion against rising land cost
India's land acquisition market shows signs of moderation as developers face rising land costs. Joint development arrangements have increased in popularity, accounting for one in every four land deals. The total number of JDA transactions rose significantly from 2022 to 2025, showcasing a shift in strategy. Established markets still attract smaller deals, while larger transactions move towards tier 2 and 3 cities.
Karnataka clears Rs 6,826-crore industrial investment proposals, 131 outside Bengaluru
Karnataka's State Level Single Window Clearance Committee has approved multiple industrial projects worth Rs 6,825.93 crore. The majority of these projects will be set up outside Bengaluru, promoting regional growth. These projects are expected to generate around 18,600 jobs across various sectors, including IT and food processing. Notable investments include IT parks in Devanahalli and Doddanekundi, attracting significant capital.
Karnataka clears industrial projects worth Rs 6,825.93 cr; 18,600 jobs expected
Karnataka's recent committee meeting led to the approval of 147 industrial projects amounting to Rs 6,825.93 crore. These projects are anticipated to generate approximately 18,600 jobs across the state. Notably, 131 projects will invest in regions outside Bengaluru's urban areas to promote regional development. The investments span several sectors, including IT, semiconductors, and food processing. Major projects include IT parks and manufacturing units expected to create thousands of job opportunities.
Karnataka CM Shivakumar dismisses talk of rift with Siddaramaiah; says focus is on polls, governance
Karnataka Chief Minister DK Shivakumar denied differences with Congress leader Siddaramaiah, saying there was “neither a big rift nor a small rift” between them. He accused opponents of spreading rumours of discord.
European tech is coming to Bengaluru's suburban tracks: Rs 1,017 crore ETCS upgrade planned across two corridors
Bengaluru's suburban rail project will adopt the European Train Control System (ETCS) Level-2 for corridors 2 and 4, with the signalling infrastructure estimated to cost Rs 1,017 crore, excluding GST and customs duty. K-Ride has floated a tender for the system, replacing the earlier CBTC proposal. The Mallige and Kanaka lines are expected to have different installation timelines, while ICF will manufacture 51 three-coach trains for the project.
Godrej Properties to launch Rs 32,000 cr homes H2 FY27 amid strong housing demand
Godrej Properties intends to launch residential projects worth Rs 32,000 crore in the upcoming fiscal year. The company aims to double its previous fiscal launches in response to strong housing demand. Sales bookings are expected to rise by 22 percent to reach a record Rs 41,500 crore this year. Despite increased expenses impacting profit levels, total income has shown growth compared to the previous year.
Karnataka will proceed with Mekedatu project, says Supreme Court has upheld its right: DK Shivakumar
Karnataka Deputy Chief Minister DK Shivakumar said the state would proceed with the Mekedatu reservoir project, citing a Supreme Court ruling that permits construction subject to releasing 177 tmc ft of Cauvery water to Tamil Nadu. His remarks followed Tamil Nadu Chief Minister Joseph Vijay's appeal to the Centre against granting approvals without consent.
BDA projects on agenda as CM Shivakumar to review Bengaluru infrastructure plans on Monday
Chief Minister DK Shivakumar will conduct a review meeting focusing on key projects of the Bangalore Development Authority. Plans will include addressing traffic congestion and resolving longstanding issues related to residential sites and housing. The meeting aims to assess major infrastructure projects and set timelines for their completion. New initiatives and decisions from the BDA are expected to be announced after the review.
Karnataka Chief Minister Shivakumar seeks Tamil Nadu's support for Mekedatu, says SC has cleared Karnataka's case
Karnataka Chief Minister DK Shivakumar announced the state would advance with the Mekedatu balancing reservoir project. The Supreme Court has already confirmed Karnataka's right to develop the project while adhering to water-sharing agreements. Shivakumar invited Tamil Nadu Chief Minister Joseph Vijay to engage collaboratively in the matter. Karnataka has identified land for compensatory afforestation and is preparing the necessary application.
Mekedatu row: Tamil Nadu CM Vijay urges PM Modi to halt Karnataka dam proposal without state consent
Tamil Nadu Chief Minister Vijay has urged Prime Minister Modi not to approve Karnataka's Mekedatu dam project. He cited concerns regarding the impact on water availability in the Cauvery basin. Vijay requested that Karnataka be advised against continuing the project without the consent of all basin states.
Prestige Group buys 100% stake in Allure Developers for Rs 524 crore to develop housing project in Noida
Prestige Estates Projects Ltd has purchased a complete stake in Allure Developers for Rs 524 crore. The acquisition was finalized on November 6, 2026, in a share purchase agreement. Allure Developers is currently involved in developing a residential project located in Noida Sector 150. The company has made similar acquisitions, including Gloind Vintage Infra for Rs 519 crore.
Bengaluru airport road to face 18 months of traffic curbs amid infrastructure work; what is the latest status of the Blue Line Metro and when will it open to passengers?
Bengaluru airport traffic news: Bengaluru Development Authority is commencing an elevated corridor project on Ballari Road starting November 6. The construction will affect traffic movement for the next 18 months, particularly for goods and bus vehicles. Bengaluru Traffic Police has issued a ban on certain vehicles in the construction area to manage congestion. Additionally, the Blue Line of Namma Metro is facing delays due to material shortages caused by restrictions.
Bayer to invest Rs 200 crore in Karnataka R&D facility, create 220 jobs
Bayer Science and Innovation has signed an MoU to invest Rs 200 crore in Karnataka for an R&D facility. This investment will be made over the next seven years and aims to create 220 jobs. The groundbreaking ceremony is scheduled before the Global Investors Meet planned for April next year. Bayer already has facilities in Bengaluru.
Bayer signs MoU with Karnataka government for ₹200 crore manufactuing facility near Bengaluru
Bayer Science and Innovation signed a Memorandum of Understanding with the Karnataka government to establish a manufacturing facility. The investment is worth ₹200 crore and is expected to create around 220 jobs. The agreement was signed in the presence of Large and Medium Industries Minister M. B. Patil. Bayer intends to break ground before the Global Investor's Meet scheduled for April 2027.
Bengalureans, for the next 18 months, no KSRTC buses or goods vehicles on this key airport road. Check new traffic rules and diversions from November 6
Traffic movement on Bengaluru’s Ballari Road will be affected for 18 months from November 6 as the BDA begins construction of a four-lane elevated corridor between UAS Staff Quarters and Mekhri Circle. The traffic police has banned goods vehicles, KSRTC and private buses on the affected stretch and issued alternative routes for commuters travelling to and from Kempegowda International Airport and central Bengaluru.
Mahindra Lifespaces acquires 100 acres in Mumbai region for plotted development
Mahindra Lifespace Developers has acquired 100 acres of land in Mumbai for a plotted development project. This move signifies the company's entry into the plotted development segment in the region. The project is expected to commence around the middle of the next financial year. Additionally, Mahindra Lifespace is looking to acquire more land in the area.
Astrobase, Bayer to invest Rs 700 crore in Karnataka, creating nearly 1,500 jobs
Astrobase and Bayer have announced a combined investment of Rs 700 crore in Karnataka. Astrobase will invest Rs 500 crore to set up a manufacturing facility for rocket engines. This project aims to create approximately 1,250 jobs in the region. Bayer plans to invest Rs 200 crore to establish a Global Capability Centre, generating around 220 jobs. Both investments reflect a growing interest in expanding industrial capabilities in Karnataka.
PM Modi to open 7.5-km stretch of Bengaluru Metro’s Pink Line on Nov 13
Prime Minister Narendra Modi is scheduled to inaugurate the Kalena Agrahara–Tavarekere stretch of Bengaluru Metro’s Pink Line. The inauguration will take place on November 13, marking a significant expansion of the metro network. This will increase Namma Metro’s operational network to 103.6 km, making it the second-largest in India. The Pink Line connects Kalena Agrahara in the south to Nagawara on the Outer Ring Road.
HDFC Capital creates Rs 1,500 crore residential platform with DivyaSree Developers
DivyaSree Developers has formed a partnership with HDFC Capital to establish a residential development platform. The new platform will provide growth capital to support residential projects over the next three to four years. There is a potential Gross Development Value of Rs 6,750 crore from the upcoming projects. The partnership reflects the ambitions of DivyaSree Developers for growth in urban markets.
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