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The Bangalore Development Authority will now tightly restrict approvals of revised building plans after an Occupancy Certificate is issued. A new circular requires owner consent for any post-OC modifications when third-party rights exist, following a residents' legal challenge over a revised sanction plan approved without their consent.
11:48 PMEconomic Times RealtyGulshan Group has launched Gulshan Empire, a premium residential project in Wave City with an estimated investment of ₹1,000 crore. The 5.5-acre development targets sales realisation of more than ₹1,200 crore.
1:02 AMEconomic Times RealtySummary
The Bangalore Development Authority will now tightly restrict approvals of revised building plans after an Occupancy Certificate is issued. A new circular requires owner consent for any post-OC modifications when third-party rights exist, following a residents' legal challenge over a revised sanction plan approved without their consent.
Why it matters
It reduces post-possession plan changes that can erode buyer value, and it raises execution and legal risk for projects relying on later revisions.
Summary
Gulshan Group has launched Gulshan Empire, a premium residential project in Wave City with an estimated investment of ₹1,000 crore. The 5.5-acre development targets sales realisation of more than ₹1,200 crore.
Why it matters
Large-ticket launches in emerging NCR nodes can reset local price benchmarks and shape where the next wave of housing capital flows.
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