Depressed over harassment of loan recovery agents, 49-year-old man commits suicide in Manipal
Manipal: A 49-year-old man, identified as Raghavendra A Shanbhag, reportedly took his own life by hanging himself from a fan at his residence on Saturday.
The tragic incident has raised concerns as it is believed that he was grappling with depression due to persistent harassment related to an online loan.
Raghavendra A Shanbhag was employed as an assistant manager at Baliga Fishnet. According to sources, he had availed an online loan, after which he began receiving repeated phone calls regarding the loan matter. These incessant calls seemed to have taken a toll on his mental well-being, leading to his severe state of depression.
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While the ongoing investigation is focusing on the harassing phone calls as the potential trigger for his distress, authorities are also considering other factors that might have contributed to his mental state.
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Bengaluru records fourth highest residential price growth globally: Knight Frank Report
Bengaluru: Bengaluru has emerged as the fourth most expensive city globally in terms of annual residential price growth, trailing only Seoul, Dubai, and Tokyo, as of March 2025, according to a new report by property consultancy Knight Frank.
Between April 2024 and March 2025, the city’s prime residential prices rose by 8.3%, the highest among Indian cities. On a quarterly basis, Bengaluru also posted a robust 7.2% increase in housing prices, the report cited by Deccan Herald noted.
The consistent rise in prices highlights strong end-user demand, particularly in the premium housing segment, driven largely by domestic buyers, the report said.
“As interest rates soften and buyer sentiment strengthens further, we expect prime residential demand to remain resilient and forward-looking,” DH quoted Shishir Baijal, Chairman and Managing Director, Knight Frank India, as saying.
Seoul, leading globally, recorded an annual surge of 18.4%, followed by Dubai at 16.4% and Tokyo at 15.5%. These were the only cities to experience double-digit growth.
Other Indian cities also made it to the list: Mumbai ranked fifth globally with a 7.6% annual increase, while Delhi placed 15th with a 3.9% rise, as of March-end.
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