Bengaluru tops the list of 20 global cities in rental yields

October 16, 2015

Mumbai, Oct 16: After a period of slowdown, a lot of interest from the investor fraternity is witnessed in the office rental yields with Bengaluru, Mumbai and Delhi topping the list of 20 global cities, a recent survey said.

bengaluru
According to a report by property consultant Knight Frank on forecast of top 20 global cities with highest rental yields till 2015-end, Bengaluru topped the list offering a return of 10.5 per cent, followed by Mumbai at 10 per cent and Delhi at nine per cent.

"While Bengaluru, Mumbai and Delhi are offering the highest yields globally of 9-11 per cent, we see a lot of interest from the investor's fraternity in the last one year which was preceded by a period of prolonged slowdown," Knight Frank Chief Economist and National Director of Research Samantak Das said.

Office markets across the top cities of India are continuing with its turnaround trend observed in 2014, which is backed by robust economic growth and focus on infrastructure and ease of doing business, he said.

According to the study, rentals across Mumbai and Delhi are, however, still below the 2007 peak levels, though Bengaluru is an outlier wherein rentals are 8 per cent more.

"Currently these cities are facing an acute shortage of good quality office space on the face of robust demand which is creating an upward pressure on office rentals that is expected to scale up in the range of 6-7 per cent in the next six months year-on-year," Das added.

Commenting on the findings, its Chairman and MD Shishir Baijal said, "Indian office market has been maintaining the healthy traction of 2014 and has clocked office space transactions of 18 million sqft in the first six months of 2015 and we expect the year to complete at around 40 million sqft which is the highest since 2011."

According to the report, this is a record year for Bengaluru which is expected to transact office space to the tune of around 12 million sqft in 2015.

"Even though at an aggregate level, the vacancy is at 17 per cent, the challenge is to get good quality office spaces across prime business districts, wherein vacancy is in single digits.

Due to a robust demand from start-ups and e-commerce, other than IT/ITeS, BFSI and manufacturing, office rentals are experiencing a substantial surge. Going forward, we foresee demand to continue outstripping supply," Baijal added.

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News Network
December 15,2025

Mangaluru, Dec 15: Air India Express has announced that it will resume direct flight services between Mangaluru and Muscat from March 2026, restoring an important international air link for passengers from the coastal region.

Airport authorities said the service will operate twice a week—on Sundays and Tuesdays—from March 1. The initial flights are scheduled on March 3, 8 and 10, followed by March 15 and 17, with the same operating pattern to continue thereafter. The flight duration is approximately three hours and 25 minutes.

The Mangaluru–Muscat route was earlier operated under the 2025 summer schedule, with services beginning on July 14. At that time, Air India Express had operated four flights a week before suspending the service.

Officials said the summer schedule will come into effect from March 29, after which changes in flight timings and departure schedules from Mangaluru are expected. Passengers have been advised to check the latest schedules while planning their travel.

The resumption of direct flights to Muscat is expected to significantly benefit expatriates, business travellers and others, further strengthening Mangaluru’s air connectivity with the Gulf region.

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News Network
December 19,2025

Mangaluru: Public transport in Mangaluru is set for a state-led transformation as the government moves to deploy 100 new electric govt buses to replace unreliable private services. The initiative aims to provide a dependable alternative to private operators who have been frequently "cutting trips," leaving thousands of commuters stranded.

The announcement was made by Deputy Commissioner and MCC Administrator Darshan HV during a public phone-in session. The move specifically targets routes where private bus service has become erratic, ensuring that citizens no longer have to rely on a fluctuating private sector for their daily commute.

Restoring the Govt Presence

The transport crisis was brought to the forefront by Ramayya, a resident of Bajal, who highlighted a growing trend of private buses skipping morning and night trips. With the previous KSRTC (govt) services discontinued, residents have been left without a fallback option.

To fix this, the DC confirmed that the PM-eBus Sewa Scheme will bring 100 government-owned electric buses to the city:

•    Phased Deployment: The first 50 of the new 100 government buses are scheduled to arrive by March 2026.

•    State Infrastructure: Two new government depots, including one at Mudipu, are being prepared for operations.

•    Recruitment: The state has already begun training a new batch of government bus drivers to ensure the fleet is operational the moment it arrives.

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News Network
December 7,2025

SHRIMP.jpg

Mangaluru, Dec 7: A rare bamboo shrimp has been rediscovered on mainland India more than 70 years after it was last reported, confirming for the first time the presence of Atyopsis spinipes in the country. The find was made by researchers from the Centre for Climate Change Studies at Sathyabama Institute of Science and Technology, Chennai, during surveys in Karnataka and Odisha.

The team — shrimp expert Dr S Prakash, PhD scholar K Kunjulakshmi, and Mangaluru-based researcher Maclean Antony Santos — combined field surveys, ecological assessments and DNA analysis to identify the elusive species. Their findings, published in Zootaxa, resolve decades of taxonomic confusion stemming from a 1951 report that misidentified the species as Atyopsis moluccensis without strong evidence.

The shrimp has now been confirmed at two locations: the Mulki–Pavanje estuary near Mangaluru and the Kuakhai River in Bhubaneswar. Historical specimens from the Andaman Islands, previously labelled as A. moluccensis, were also found to be misidentified and actually belong to A. spinipes.

The rediscovery began after an aquarium hobbyist in Odisha spotted a shrimp in 2022, prompting systematic surveys across Udupi, Karwar and Mangaluru. Four female specimens were collected in Mulki and one in Odisha, all genetically matching.

Researchers warn the species may exist in very small, vulnerable populations as freshwater habitats face increasing pressure from pollution, sand mining and infrastructure development. All verified specimens have been deposited with the Zoological Survey of India for future reference.

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