Bangalore

Grahm, a first-of-its-kind real estate player, announced its official launch in Bengaluru today. Backed by Credvest, a real estate management solutions firm handling transactions valued at Rs 8000 crore, Grahm aims to reshape the home-buying experience by bridging the gap between buyers, builders, and lenders with a one-stop advisory platform.

Grahm offers an end-to-end, user-friendly platform that provides expert guidance, personalised solutions, financial and legal support, and comprehensive post-purchase support, all at zero cost. With a commitment to redefining the customer experience, Grahm introduces a unique assisted model to residential real estate buyers. From property searches to paper documentation, financing, and post-sale services, Grahm aims to ensure a seamless, transparent and informed home-buying process for customers.

Grahm has onboarded 100+ developers and partnered with 350+ projects in Bengaluru already. It is also looking to tap into seven additional high-transaction cities, including Delhi NCR, Mumbai, Hyderabad, Pune, Ahmedabad, Jaipur, and Lucknow. Grahm aims to capture 10%  of the residential real estate market share over the next three years, accounting for over Rs 50,000 crores in transactions.

On the launch, Ankit Shah, COO & CMO of Grahm, said, “We are thrilled to launch Grahm, starting from Bengaluru. Owning a dream home is an aspirational goal and we want to make the experience smooth and hassle-free. We are driven by relationships and offer India’s first holistic, personalised, end-to-end advisory in residential real estate at zero cost to customers. We are committed to making property transactions simpler, seamless, and streamlined which helps customers choose a home that fits their needs.”

He adds, “We are creating a new category and are keen on positively disrupting the industry. We aim to capture 1% of the total residential real estate market, equivalent to 5000 crores, by the end of the year and 10% in 3 years.”

Suman Naidu, Founder, Credvest Group, said, “The idea of Grahm was born out of a deep understanding of the homebuyer’s journey and the gaps that often make it overwhelming. Credvest is already working with the top property builders in Bengaluru. These partnerships will help us tap the broader network, and offer customers a sharp, comprehensive one-stop real estate solution

At Credvest, we’ve spent the last six years building an integrated ecosystem that supports every aspect of the real estate experience. With Grahm, from identifying the right property to AiTi, interiors, our customers  gain access to a wide range of benefits, exclusive partnerships, and curated lifestyle solutions. Our goal is to offer more than just real estate advice, we’re building a connected, future-ready community that connects with our customers long after they have moved in.”

As part of its expansion plans, Grahm is looking to hire 300 employees by the end of the year. The company is keen on expanding its team of advisors, who will be crucial in guiding customers through the purchase process.

Grahm’s mission is to create an ecosystem for buyers where they can function as one unit. The company wants to create a first-of-its-kind and the largest community of real-estate buyers in the county. It plans to create and nurture a community of like-minded homeowners with access to amenities, security, financial guidance, medical aid, hobbies and much more, creating lasting value for customers, developers, and communities. Once they are a part of this community, all their home and lifestyle-related needs will be addressed through tailor-made solutions. 

About Grahm:

Founded in 2024, Grahm is India’s first and only real estate platform built on a consumer-first model, revolutionizing the home-buying experience. Backed by the Credvest Group, Grahm is a category creator, bridging critical gaps in the market. With a commitment to transparency, trust, and affordability, Grahm provides personalized, unbiased, and zero-cost end-to-end advisory services in residential real estate, empowering homebuyers with expert guidance at every step. With a consumer-first approach, Grahm provides expert guidance, financial and legal assistance, and comprehensive post-purchase support all at zero  cost. By simplifying the home-buying process, Grahm ensures a transparent, efficient, and stress-free experience for every homebuyer.

Grahm stands out with its unique, relationship-driven approach. It eliminates hidden fees and prioritizes buyers’ needs over sales-driven commissions. From property selection to post-purchase support, every step is designed to be effortless and rewarding. By bridging the gap between buyers, builders, and lenders, Grahm is redefining real estate with a consumer-first model centered on integrity, accessibility, and excellence.

Visit: https://www.grahmrealty.com/

In a move aimed at easing the burden on property owners in Bengaluru, Deputy Chief Minister D K Shivakumar has unveiled the ‘One Time Settlement’ (OTS) scheme for overdue property taxes. This initiative, overseen by Mr. Shivakumar who is responsible for Bengaluru’s development, offers significant concessions to individuals with outstanding tax dues.

Key Features of the OTS Scheme

Under the scheme:

• Deadline: Property owners have until July 31, 2024, to avail of the benefits.
• Concessions: Those participating can enjoy a 50% reduction in penalties and a complete waiver on interest payments for overdue property taxes.

Mr. Shivakumar emphasized the importance of this opportunity, urging property owners to take advantage of the scheme before its conclusion.

Encouraging Participation

The announcement has sparked positive reactions, with over 50,000 property owners already settling their taxes. However, an estimated 4 lakh individuals still have outstanding dues. From August 1 onwards, those who haven’t utilized the OTS scheme will be classified as defaulters.

To incentivize compliance further, the Deputy CM outlined a provision for property owners currently not paying taxes. Those who pay their dues and provide evidence within 90 days will be granted a property tax account, aiming to expand the formal tax base and enhance revenue collection.

Significance of the OTS Scheme

Deputy Chief Minister D K Shivakumar’s introduction of the ‘One Time Settlement’ scheme marks a significant step in addressing overdue property taxes in Bengaluru. By offering substantial concessions and a clear deadline, the government aims to facilitate the timely clearance of dues without imposing heavy penalties or interest.

As Bengaluru continues its growth trajectory, initiatives like these play a vital role in ensuring the city’s financial stability and funding essential civic amenities and infrastructure projects. Property owners are encouraged to seize this opportunity before the deadline to avoid default status and contribute to the city’s development endeavors.

In Bangalore, while the preference for land persisted amidst the city’s IT boom, the surge in population stimulated apartment culture in the mid-1980s. The COVID-19 pandemic highlighted the drawbacks of apartment living, reigniting the demand for plotted developments, individual homes and villas. Areas like North Bangalore and Devanahalli saw significant growth, especially with the announcement of the new airport, fueling interest in villas and villa plots. However, villa ownership lacks the flexibility of designing and customizing homes, driving the resurgence of the “plot culture.” Over the past five years, there has been a notable uptick in individuals favoring plots, seeking the freedom to design and construct homes that meet their specific requirements and hence reshaping the whole Bangalore real estate market.

Reliaable Developers: Visionaries in this shift towards Plot culture

Reliaable Developers anticipated this shift long before it became a mainstream trend. Founded in 1999 by Dr. Rama Reddy and Mr. H.P. Rama Reddy, the company has over two decades of experience in providing BDA-approved plots on emerging hotspots like HSR Layout, Sarjapur Road, and Hosur Road. The success of Reliaable Developers can be attributed to their strategic location choices and forward-thinking vision, which not only meet upcoming demands but also contribute to land appreciation and maximize profits for landowners.

Blending Experience with innovation

Reliaable Developers’ current leadership, including Dr. Rama Reddy and Dr. Mahendra Reddy, combines experience and fresh perspectives. The company’s second-tier management, consisting of finance, sales, and marketing, brings together seasoned professionals from renowned real estate brands. This fusion of legacy, expertise, and diverse talents ensures that Reliaable remains in capable hands. Under new management, the company has embraced technological advancements and a refreshed organizational culture, positioning itself to meet the changing needs of modern homebuyers while building on its strong foundation in Bangalore’s real estate market.

Buyer Considerations: Money, Livability, and Brand Trust

For homebuyers, key considerations include financial investment, livability, and brand trust. Reliaable Developers address these concerns by offering plots in prime locations.

By leveraging technology and government support, Reliaable Developers have consistently delivered well-planned projects that appreciate in value.

By integrating world-class amenities and ensuring proximity to IT hubs, medical facilities, and educational institutions, Reliaable Developers address one of Bangalore’s major challenges: long commute times. Hence the company’s commitment to enhancing the living experience within their plotted communities is evident.

This foresight and dedication to quality have cemented their reputation as a leader in the real estate market.

Commitment to Quality and Customer Satisfaction

Over the past two decades, Reliaable has established itself as Bangalore’s largest and most exclusive BDA plot developer, crafting over 15,000 BDA-approved plots across 1,000 acres. Their unwavering focus on providing BDA-approved plots has instilled confidence in customers.

Despite facing challenges and criticism like any other company, Reliaable has shown resilience by listening to customer feedback, adapting to changing needs and embracing technological advancements. Embracing all the learnings, Reliaable is set to unveil a premium lake-facing community, strategically located near all major IT hubs in Bangalore. This development will feature a comprehensive array of amenities and meticulously landscaped surroundings, providing an exceptional living experience.

Reliaable is dedicated to serving the emerging generation of plot buyers, maintaining its tradition of innovation, quality, and trust. With several new projects in the pipeline, they aim to create communities that embody the essence and aspirations of Bangalore and not just empty plots.

Brigade Group has entered into a Joint Development Agreement (JDA) to create a new residential development on Old Madras Road, Bengaluru. Spanning 6.9 acres, this project will offer approximately 0.8 million square feet of residential space and boasts a Gross Development Value (GDV) of Rs 720 crore.

Strategically positioned on Old Madras Road, the project will provide stunning lake-facing views and is nestled in a prime neighborhood close to prominent areas like Indiranagar and Whitefield. These locales are renowned for their excellent infrastructure and dynamic commercial environments. The project site benefits from superb connectivity to key parts of Bengaluru, making it an attractive choice for potential residents.

In line with Brigade Group’s dedication to innovative design and sustainability, the project will feature contemporary amenities and blend modern architectural aesthetics with eco-friendly practices. Anticipated highlights include green spaces, energy-efficient systems, and sustainable construction methods, all aimed at ensuring a high-quality living environment.

Pavitra Shankar, Managing Director of Brigade Group, stated, “There is a continued strong demand for housing, driven by the desire for more spacious homes with practical amenities in prime locations. This new development is a testament to our ongoing commitment to meet this demand by providing quality homes that fulfill customers’ needs. It is another step in our mission to create vibrant communities and elevate the living experience for our residents.”

The Rs 720 crore investment underscores Brigade Group’s dedication to strengthening its footprint in Bengaluru’s real estate market. This project aims to satisfy the increasing demand for premium residential spaces in the city, propelled by Bengaluru’s reputation as a significant IT and business hub.

Located on Old Madras Road, the development ensures excellent connectivity to various city regions, including the central business district and major IT corridors. This ease of access is expected to appeal to potential buyers by offering convenience and reducing commuting times.

Brigade Group’s new residential project on Old Madras Road represents a substantial addition to Bengaluru’s real estate scene. With a focus on innovative design, sustainability, and a strategic location, the project is set to address the evolving needs of contemporary urban dwellers. This initiative reaffirms Brigade Group’s status as a leading real estate developer, committed to delivering high-quality, sustainable living spaces.

Shriram Properties Limited has embarked on a promising venture, sealing a Joint Development Agreement (JDA) for a sprawling 4-acre land parcel in Bengaluru’s vibrant Yelahanka locale. With an anticipated revenue surge of ₹250 crore, this strategic move underscores the company’s commitment to expanding its urban presence while embracing an agile, asset-light strategy for exponential growth.

Envisioned as a haven of modern living, the forthcoming project will boast 270 meticulously crafted apartments, offering a collective saleable expanse of approximately 3.8 lakh sq ft. Scheduled for development over the next three years, this visionary undertaking is poised to redefine luxury living in one of Bengaluru’s burgeoning neighborhoods.

Positioned for unparalleled convenience, the project’s locale ensures seamless access to Yelahanka and the bustling Bangalore International Airport, catering to the discerning needs of modern-day living. Moreover, its proximity to esteemed educational institutions, healthcare amenities, and an array of retail destinations accentuates its appeal as a holistic residential enclave.

With an extensive portfolio comprising 47 projects encompassing 51 msf of saleable area, Shriram Properties Limited continues to spearhead innovation in the real estate landscape. With 25 ongoing projects spanning 23.5 msf and a commendable track record of delivering 44 projects spanning 24.3 msf, the company remains steadfast in its pursuit of excellence.

Reflecting on this strategic move, Murali Malayappan, Chairman and Managing Director of SPL, remarked, “This investment underscores our unwavering commitment to fortifying our presence within Bengaluru while embracing a forward-looking approach to propel growth. Yelahanka’s strategic significance, accentuated by its proximity to the airport, positions it as a prime real estate destination, poised for remarkable growth in the years to come.”