Homeowners in Bengaluru will see a rise in property costs starting from April 1, 2023. Find out why the city is becoming more expensive and what this means for residents.
Property TaxStamp DutyBengaluru Real EstateAffordable HousingReal Estate MarketReal Estate NewsMar 14, 2025
The Revised Property Tax (RPT) system is a new initiative by the Bangalore Urban Metropolitan Region (BUMR) to modernize property tax collection. It recalibrates property tax rates based on the current market value of homes, leading to higher tax bills for many residents.
The new stamp duty rates will come into effect on April 1, 2023, and will be levied on property transactions, adding to the financial burden of homeowners in Bengaluru.
The Bangalore Development Authority (BDA) is working on several initiatives, including launching new housing projects and relaxing building regulations, to boost the supply of affordable housing in the city.
The increased costs for property owners may lead to higher rental prices as they pass on the additional expenses to tenants. This could further exacerbate the housing crisis, particularly for low-income and vulnerable populations.
The BUMR and the Karnataka government have introduced certain exemptions and subsidies for low-income and first-time homeowners to provide some relief from the new regulations and increased costs.
Konkan Expressway project aims to reduce travel time between Mumbai and Goa to 6 hours.
Bengaluru-based real estate developer Puravankara secures redevelopment rights of Miami Apartments at Breach Candy, marking its entry into South Mumbai's ultra-luxury market.
In a groundbreaking initiative, the Solapur Urban Project in Maharashtra is transforming the lives of thousands by providing affordable and sustainable housing solutions. This innovative approach to urban development is setting a new standard for the real
Bollywood stars continue their property selling spree in Mumbai's bustling real estate market. Sonakshi Sinha joins the ranks of other celebrities by selling her apartment in affluent Bandra for a significant profit.
As the crypto market shifts from hype-driven meme coins to tokens with real-world value, Rexas Finance (RXS) emerges as a top contender. With its innovative technology and potential to tokenize real estate assets, RXS offers a compelling investment opport
Knight Frank India reports a moderate but stable trend in property registrations in Mumbai's real estate market, with 11,541 properties registered in February 2025.