Samriddhi Paradise Basavanagudi, Bangalore

Karnataka Cabinet Approves Bill to Use Park Land for Infrastructure Projects

The Karnataka Cabinet has approved amendments to the Government Parks (Preservation) Act, 1975, allowing up to 5% of park land to be used for public infrastructure and utility projects. This amendment is significant for Bengaluru's Cubbon Park and Lalbagh, with plans to use part of Lalbagh for a proposed 17-km tunnel road.

Bengaluru's Ancient Stormwater Network: A Solution to Flooding if Preserved

Bengaluru's five-century-old stormwater drain network (Rajakaluve) remains a viable solution for flood prevention, provided encroachments and fragmentation are addressed. The historical network, designed to link the city's tanks, is currently being narrowed by urban development, leading to waterlogging.

During Q2'2026, average property prices for Samriddhi Paradise moved from ₹ 8,400/sqft to ₹ 10,150/sqft, reflecting a 20.83% rise.

West Asia conflict impacts Bengaluru's housing projects, causing material shortages

The ongoing conflict in West Asia has disrupted the supply chain of construction materials, leading to potential delays of three to six months in completing housing projects in Bengaluru. Credai, Karnataka, plans to approach K-RERA seeking extensions under the 'force majeure clause' due to these supply chain disruptions and rising material prices.

Kanakapura Road project faces execution issues

The high-density corridor (HDC) project on Kanakapura Road in South Bengaluru, aimed at creating a model urban corridor, is facing significant issues with patchy execution. Some stretches have intact footpaths and good carriageways, others suffer from broken, encroached, and garbage-filled footpaths, forcing pedestrians onto the road.

During Q4'2025, average property prices for Samriddhi Paradise moved from ₹ 8,400/sqft to ₹ 11,700/sqft, reflecting a 39.29% rise.