Karnataka budget reduces housing stamp duty

09 Mar 2021 Editorial Team

Karnataka Chief Minister B S Yediyurappa presented the state budget for the fiscal year 2021-22 on Monday, March 8, in the State Assembly. The budget speech called “Karnataka Vikasa Patra 2021” included some major allocations for real estate and transport.

Key highlights of the budget include allocation of Rs 850 crore for the suburban rail project in Bengaluru, the introduction of the “Swiss Challenge” tender to take up peripheral Ring Road works around the capital city, and allocations for mega integrated industrial townships to be constructed at Bengaluru-Mumbai and Bengaluru-Chennai industrial corridor.

Some of the key highlights of the Karnataka Budget are:

1. Allocation of Rs 7,795 crore━scaled down by 20% from last year’s budget━for comprehensive development of Bengaluru.
2. Special incentive scheme in the ESDM sector and CM’s Mega Integrated Industrial Townships at two places, each in an area of a minimum of 500 acres. The projects are expected to attract an investment of Rs 15,000 crore, creating 5 lakh jobs.
3. Stamp duty for the first registration of apartments costing Rs 35 lakh to 45 lakh to be reduced to 3% from 5%.
4. Allocation of Rs 850 crore for the suburban rail project in Bengaluru.
5. Doubling of Yeswantpur-Channasandra and Byappanahalli-Hosur lines to be completed by 2023.
6. Allocation of Rs 463 crore as a grant for the Dharwad-Kittur-Belagavi rail line.
7. Allocations made for the Bengaluru Signature Business Park to come up next to Kempegowda International Airport Limited (KIAL).
8. Upgradation works of 248 MLD capacity sewage treatment plant at KC Valley at a cost of Rs 450 crore.
9. “Swiss Challenge” tender to take up Peripheral Ring Road works around Bengaluru.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..