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Souptik Datta

Souptik Datta, from Kolkata, is a part of the HT Digital real estate team. He reports on real estate, infrastructure and environmental issues in southern India. While not reporting, he loves to solo travel and shoot documentaries.

Articles by Souptik Datta

Bengaluru: Is it the right time to invest in real estate? Netizens weigh in

Bengaluru real estate: AI and job market uncertainty, particularly in the IT sector, fuel debate over whether homebuyers should invest now or wait for 6 months

Amid job layoffs, Redditors have taken to social media to debate whether it’s the right time to invest in Bengaluru's real estate market or if it’s wiser to wait at least six months before making a move. (Representational Image)(Pexel )
Published on Mar 24, 2025 01:51 PM IST

Cognizant sells its India headquarters in Chennai to Bagmane for 612 crore

Cognizant sold the property located in Thoraipakkam on Chennai's Old Mahabalipuram Road, one of the city's key IT corridors, JLL which brokered the deal, said

Cognizant Technology Solutions India has sold its India headquarters in Chennai to Bagmane Constructions for <span class='webrupee'>₹</span>612 crore, JLL's Siva Krishnan, Senior Managing Director said. (Picture for representational purposes only)(Pexels)
Published on Mar 21, 2025 04:21 PM IST

Bengaluru rentals surge as landlords capitalize on demand, but tenants stay wary

A Bengaluru landlord’s refusal to lower the ₹23000 rent for a room in a 3BHK backfired, leaving the property vacant for 5 months and with a loss of over ₹1 lakh

Bengaluru’s real estate market, once fueled by the booming IT sector, is reportedly showing signs of strain. A Reddit user recently sparked a debate, pointing to layoffs and stagnant hiring as major concerns. (Representational Image)(Pexel)
Published on Mar 21, 2025 10:01 AM IST

Bengaluru property tax defaulters to face 100% penalty starting April 1

Bengaluru's municipal corporation is cracking down on property tax defaulters, imposing a 100% penalty on unpaid dues starting April 1

Starting April 1, property owners in Bengaluru who have not cleared their property tax dues will face steep penalties, as the municipal corporation Bruhat Bengaluru Mahanagara Palike (BBMP) reinstates stricter enforcement of tax arrears (Representational Image)(Wiki Commons)
Published on Mar 19, 2025 02:40 PM IST

Less than 1% of Indian developers' topline is invested in tech: Nirupa Shankar

Brigade Group and Gruhas have launched the Earth Fund. The ₹300-crore SEBI-registered AIF invest in startups in real estate, construction, and sustainability

Brigade Group and Gruhas, the investment arm of Nikhil Kamath and Abhijeet Pai, have launched the Earth Fund. (In Photo: Nirupa Shankar and Abhijeet Pai)(Souptik Datta )
Published on Mar 19, 2025 09:15 AM IST

Bengaluru’s municipal corporation achieves 88% of property tax revenue target

BBMP has collected ₹4604 crore or 88% of its property tax revenue target for the fiscal year 2024-2025, issued 2.25 lakh e-Khatas to date 

Bengaluru's municipal corporation (BBMP) has collected <span class='webrupee'>₹</span>4,604 crore out of its property tax target of <span class='webrupee'>₹</span>5,210 crore for the fiscal year 2024-25, representing approximately 88.36% of the target.(Wiki Commons )
Published on Mar 17, 2025 03:40 PM IST

Will Bengaluru Metro’s expansion make real estate markets more affordable?

As Bengaluru's metro expands, Reddit users debate its potential impact on real estate affordability. Improved connectivity may shift demand to suburban areas

Reddit users are discussing whether Bengaluru's metro expansion will make real estate more affordable. (Representational Image)(X/@bykarthikreddy)
Published on Mar 16, 2025 09:26 AM IST

Bengaluru buyers struggle with affordability as mid-end housing launches drop

New homebuyers have limited options for properties priced ₹90 lakh-1 crore, pushing them towards suburbs or the resale market, the NoBroker report said

The launch of mid-end housing projects, with properties priced between <span class='webrupee'>₹</span>40 lakh and <span class='webrupee'>₹</span>80 lakh, in Bengaluru dropped by 29% in 2024, according to a report by NoBroker. (Representational Photo) (Unsplash )
Published on Mar 13, 2025 01:17 PM IST

Apple, Tesla Mumbai showroom leases: Impact of exclusivity clause on rentals

Apple and Tesla Mumbai showroom lease deals highlight how exclusivity clauses boost rent and secure better terms for brands

Apple and Tesla lease deals in Mumbai’s Bandra Kurla Complex (BKC) have brought exclusive contractual obligations into focus, highlighting their impact on India's rapidly growing retail sector, say experts. (Picture for representational purposes only)(Dhiraj Singh/Bloomberg)
Published on Mar 12, 2025 11:51 AM IST

Bengaluru: Will slowing NRI interest, rising realty costs trigger a correction?

Bengaluru real estate: A Reddit post highlighted concerns about slowing investor-driven demand, particularly from NRIs who purchased properties as investments

Bengaluru’s real estate market has become a topic of discussion among Redditors, with many questioning the sustainability of the city’s property boom. Users debated whether a slowdown in demand, particularly from US-based NRI investors, could trigger a downturn. (Representational Image)(Unsplash )
Published on Mar 12, 2025 07:38 AM IST

Gopalan Enterprises to venture into smart homes, to launch 3,000 units in 2025

Gopalan Enterprises is set to launch AI-driven smart homes, priced between ₹1.5-2 crore, with AI-controlled appliances and flexible furniture

Bengaluru-based developer Gopalan Enterprises is set to launch its first Artificial Intelligence-powered smart home project, catering to the growing demand from millennial buyers. (In photo: Managing Director C. Prabhakar)(Gopalan Enterprises)
Published on Mar 10, 2025 12:33 PM IST

Will Devanahalli metro expansion fuel demand for real estate in north Bengaluru?

The proposed Namma Metro extension to Devanahalli in Karnataka Budget 2025 is expected to boost real estate demand and enhance connectivity in North Bengaluru

The proposed extension of Namma Metro to Devanahalli, announced by Karnataka Chief Minister Siddaramaiah in Karnataka Budget 2025, is set to boost real estate demand and improve connectivity in North Bengaluru. This long-awaited expansion will address last-mile connectivity issues, making the region more accessible. (Picture for representational purposes only)(Unsplash )
Published on Mar 10, 2025 09:01 AM IST

Karnataka Budget 2025 prioritizes infrastructure, disappoints homebuyers

Karnataka Budget 2025 focuses on infrastructure but fails to address issues like assured ownership, property management reforms, leaving homebuyers disappointed

The Karnataka Budget 2025 has disappointed homebuyers, offering no major relief or solutions to their longstanding demands. While the budget prioritizes affordable housing and Bengaluru’s infrastructure, it fails to address key issues like assured ownership and property management reforms, say representatives of homebuyers’ associations. (Chief Minister's Office )
Published on Mar 09, 2025 12:04 PM IST

Bengaluru real estate market: Is finding love easier that renting an apartment?

As Bengaluru's rentals increase by 35% in some areas, many newcomers say that finding love in the city is easier than finding a place to rent

Bengaluru’s surging rental market has made house-hunting a daunting challenge for newcomers, prompting some to quip that finding love in the city is easier than securing an apartment on rent (Representational Image)(Unsplash )
Published on Mar 09, 2025 09:47 AM IST

Karnataka’s Budget 2025 focuses on affordable housing, infrastructure, and flood

Karnataka Budget 2025 prioritizes affordable housing, traffic decongestion, flood mitigation, and infrastructure development

Karnataka Chief Minister Siddaramaiah, presenting the state budget for 2025-26 on March 7, prioritized affordable housing, traffic decongestion, flood mitigation, and infrastructure development(Karnataka Chief Minister's Office )
Published on Mar 07, 2025 05:20 PM IST

Bengaluru vs Dubai: Redditors weigh in on soaring property rents

The affordability crisis has ignited discussions on Reddit if Bengaluru's apartment rentals still offer value for money or Dubai is a better alternative

Soaring rental prices in Bengaluru have sparked a debate on Reddit, with users comparing the city’s rising housing costs to those in the UAE. (Representational Image)(Unsplash )
Published on Mar 06, 2025 04:57 PM IST

$1 million can buy a 1065 sq ft house in Mumbai and 2238 sq ft in Delhi: Report

$1 million can buy a 1,065 sq ft house in Mumbai, 2,238 sq ft in Delhi, and 3,982 sq ft in Bengaluru, as per Knight Frank’s Wealth Report

$1 million can buy a 1,065 sq. ft. apartment in Mumbai. Prime property prices in Delhi and Bengaluru have become more affordable over the decade, offering 11% more (2,238 sq. ft.) in Delhi and 9% more (3,982 sq. ft.) in Bengaluru, per Knight Frank’s Wealth Report 2025. (Representational Photo) (Pixabay)(Pixabay)
Updated on Mar 06, 2025 03:22 PM IST

India's ultra-rich to invest 22-25% of their wealth in residential properties

The Knight Frank's Next Gen Survey found that 89% of wealthy Indians aged 18-35, with incomes exceeding ₹1 crore, prefer owning property over renting.

Knight Frank's Wealth Report noted that the number of HNIs in India rose by 6% in 2024 to 85,698 from 80,686 in the preceding year and that the number of billionaires has moved up to 191. (Representational Photo)(Unsplash )
Published on Mar 05, 2025 06:47 PM IST

Number of Indian billionaires touches 191 in 2024, HNWIs rise 6% to 85,698

The Knight Frank report added that India is now home to 191 billionaires, of which 26 joined the ranks in just the last year, which was pegged at just 7 in 2019

The number of Indian high-net-worth individuals (HNWIs), those having assets of more than $10 million, rose 6% last year to 85,698 from 80,686 in 2023, according to Knight Frank Wealth Report 2025. (Representational Image)(Unsplash )
Published on Mar 05, 2025 02:44 PM IST

Is Mysuru ready to catch up with Bengaluru’s real estate boom?

Mysuru's real estate market is emerging as an attractive alternative to Bengaluru for homebuyers and investors alike, say experts

Mysuru's real estate market is now attracting young professionals, investors, and businesses, transforming it into more than a retirement destination, say real estate experts. (In Photo: Mysuru Palace) (Representational Image)(Unsplash)
Published on Mar 05, 2025 09:19 AM IST

Bengaluru sees an increase in rental inventory, resulting in 5% rent correction

Bengaluru rental market: Increased housing supply leads to a 5% rent correction but rentals in the IT corridor up due to demand from techies, say brokers

Bengaluru rental market is stabilizing, with more rental units available and a 5% price correction. Meanwhile, rentals in the outskirts, such as Whitefield's eastern IT corridor and North Bengaluru, have increased. (Representational Photo)(Unsplash)
Published on Mar 04, 2025 02:34 PM IST

Here’s what you should know about Mysuru Film City and its real estate potential

Mysuru Film City is expected to sprawl 150 acres. While the commercial impact remains uncertain, experts predict a strong boost in the residential sector.

Karnataka Chief Minister Siddaramaiah has reiterated plans for a major 150-acre film city project in Mysuru. While the commercial impact of the film city remains uncertain, real estate experts predict a strong boost in the residential sector. (Representational Image)(Unsplash)
Updated on Mar 03, 2025 01:45 PM IST

Bengaluru's 60% FAR hike to spur high-rises, but experts warn of strain on infra

Bengaluru’s 60% hike in Floor Area Ratio to spur high-rise development, but experts call for sustainable urban planning to ease the strain on infrastructure

The Karnataka government has raised the Floor Area Ratio (FAR) cap by up to 60%, allowing for taller buildings in Bengaluru. This change enables real estate developers to construct additional floors on a given plot of land by paying a premium, increasing urban density and maximizing space utilization. (Representational photo)(Unsplash)
Published on Mar 03, 2025 07:47 AM IST

AI tools set to complement and not disrupt brokerage services in real estate

AI tools enable metaverse modeling while aiding developers in complementing, rather than disrupting, brokerage services, says Mihir Shah, Global CEO of JLLT

Software solutions now allow buyers to visualize commercial spaces in 3D before leasing, while metaverse-based modelling helps developers simulate projects. However, Artificial Intelligence tools are set to complement, not disrupt, traditional brokerage services,, says Mihir Shah, Global CEO of JLL Technologies (JLL Technologies )
Published on Feb 28, 2025 09:28 AM IST

Here's how sustainable design can help extend redevelopment timelines for homes

Architects recommend sustainable systems like mechanical ventilation, wind power, and solar energy to boost a building's longevity. 

Architects believe incorporating sustainable practices can significantly extend a building's life, reducing the need for constant redevelopment.( (Courtesy: Poco Living))
Updated on Feb 23, 2025 03:57 PM IST

India Design 2025: Architects share the wildest demands for luxury second homes

Glass-walled jungle bar or property shaped like three mountain peaks, these 'outlandish' second home requests challenge architects to push creative boundaries 

India’s second-home market is undergoing a remarkable transformation, with ultra-wealthy homeowners reshaping the concept of a getaway retreat.(Souptik Datta)
Published on Feb 23, 2025 10:08 AM IST

Cardinal and Salt: The bold color and sustainable material trending in 2025

Design experts at India Design 2025 said that while the colour of the year is Cardinal, salt, once overlooked, is emerging as a sustainable design element

India Design ID 2025: Cardinal, colour of the year, and salt, the future of sustainable design, take center stage in 2025(Souptik Datta)
Published on Feb 22, 2025 07:21 AM IST

India Design 2025: Can luxury real estate embrace sustainability?

Luxury and sustainability are not mutually exclusive. A property can be both sustainable and luxurious, say design experts

According to design experts, sustainability and luxury are not mutually exclusive. A property can be both sustainable and luxurious.(Souptik Datta )
Updated on Feb 21, 2025 02:30 PM IST

Balconies make a comeback; sustainability defines modern luxury living in 2025

Architects say balconies, once considered a luxury, are making a comeback; customised spaces and neutral off-white tones are expected to dominate 2025

Architects say that in 2025 balconies will make a comeback as a luxury element, especially in cities like Mumbai. (Picture for representational purposes only)(Pexels)
Published on Feb 21, 2025 07:40 AM IST

Can investors approach RERA for stalled commercial projects?

Legal experts say that RERA's implementation guarantees that construction on new commercial projects can begin only after they receive the required clearances

Legal experts say that RERA's implementation guarantees that construction on new commercial projects can begin only after they receive the required clearances. (Picture for representational purposes only)(Unsplash)
Updated on Feb 20, 2025 07:47 AM IST
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