December 2023 – Page 2 – Property World Global

Dec262023 by FWMNo Comments

Indian investors invested USD 335 Mn in Dubai’s Market in H1 2023 (Jan to June) – Vestian

News

Bangalore, 26th December: Dubai witnessed significant investments (FDI) from Indian investors, amounting to USD 1.6 Bn between 2020 and H1 2023. Dubai's strategic location along with tax-friendly policies act as a key incentive for Indian investors and business owners who are looking to expand into new markets. Indian investments (FDI) in Dubai nearly doubled from 2020 to 2022, reaching USD 541 Mn in 2022. Moreover, the first six months of 2023 accounted for 62% of investments (FDI) in the whole previous year. Indian investors made significant purchases, exceeding USD 4 Bn, in Dubai's residential market in 2022. As COVID-19 receded, Indian investors consistently increased their investments in Dubai, showcasing a notable uptrend since 2020. The investment amount nearly doubled from 20...

Dec262023 by FWMNo Comments

Q4 propels record-high office leasing activity; at 58.2 msf 2023 witnesses 16% YoY growth in demand

News

Q4 2023 records 20.2 mn sq ft of gross absorption, highest ever quarterly leasing activity Bengaluru drives 2023 demand with more than one-fourth share in gross leasing, followed by Delhi NCR & Chennai at around one-fifth share Flex space leasing continues to grow, highest leasing in any year at 8.7 mn sq ft, Large deals (>100,000 sq ft) accounted for 50% of 2023 demand; Space take-up by GCCs bounce back in Q4 50.1 mn sq ft of Grade A supply infusion in 2023 reflects strong developer confidence Vacancy remained rangebound while rentals firmed slightly Gurgaon, India, 24 December 2023: Contrary to initial beliefs, 2023 India office market has culminated on a spectacular note with 58.2 mn sq ft of gross absorption across the top 6 cities. The last quarter of the ye...

Dec252023 by FWMNo Comments

bauma CONEXPO India is Proud to Join Hands with the Construction Federation of India (CFI) for its 2024 Edition

Architecture, News

Mumbai, Maharashtra, India Dec 23, 2023 17:34 IST CFI enjoys the patronage of leading infrastructure construction companies in India. It is a body "of the sector, for the sector and by the sector", and will represent their interests at the exhibition. This edition will deepen synergies between construction equipment manufacturers and the infrastructure development ecosystem. bauma CONEXPO India 2024 is likely to attract 1000+ companies and 75,000+ trade visitors from 100+ countries. bauma CONEXPO India is excited to collaborate with the Construction Federation of India (CFI) for its upcoming 7th edition in North India. One of the premier industry associations in the country, representing the largest construction companies across India, CFI will join hands with bauma CONEX...

Dec252023 by FWMNo Comments

Top 5 real estate trends to lookout for in 2024, as revealed by winning industry leaders

News

More properties, mid-market stability, increased diversification, new ways of living and heightened transformation all set to pave the way for real estate in the UAE Dubai, United Arab Emirates, 20 December 2023: Throughout 2023, the UAE’s real estate sector has shown sustained growth and newer consumer preferences, welcoming increased foreign confidence and igniting great opportunities for the future. Property Finder asked real estate’s industry leaders of its esteemed PF Awards to outline the top five property trends to look out for in 2024. More available properties: With a lot of new projects and off-plan developments entering handover stage in 2024, property seekers are most likely to have a wider range of options to choose from. Richard Waind, CEO, Betterhomes, explai...

Dec252023 by FWMNo Comments

Indian Real Estate: Altered courses and emerging stronger in 2024

News

Dec 20, 2023 Although, the start of the year was cautious, 2023 is on course to become one of the best-performing years in real estate sector across asset classes. Indian real estate market displayed exceptional resilience as optimism prevailed in domestic markets, despite volatility across the developed markets. Demand for commercial real estate is expected to match or even surpass the leasing records set in 2022. Domestic occupiers across diverse sectors such as technology, financial services, engineering & manufacturing, FMCG, and healthcare have ensured that the India office market remains active and grows from strength to strength. With continued adoption of “office dominant-hybrid work” and “hub & spoke” models, flex spaces particularly have been in high demand. Residentia...

Dec222023 by FWMNo Comments

MAHA Cement Launches MAHA HD+ OPC 53 and MAHA HD+ PPC Cement in Bangalore

News, Technology

Friday 22nd 2023-Bengaluru. MY HOME INDUSTRIES- MAHA CEMENT launched “MAHA HD+ OPC 53 and MAHA HD+ PPC Cemen ttoday in Hilton Hotel Bengaluru. Mr. S. Samba Siva Rao Executive Director - My Home Industries Pvt Ltd addressing the explained how cement manufacturer transformed into a leading market player.He further said "My Home Industries Private Limited (MHIPL) is ISO 9001 – 2015 certified and one of the largest cement companies in South India. The company’s total capacity as on date is at 12.5 MTPA with factories located at Suryapet district, Telangana, Kurnool and Vizag districts in Andhra Pradesh, and Tuticorin, Tamilnadu. All our manufacturing facilities are equipped with ultra-modern plant and machinery of state of the art technology. The group’s focus has always been on automa...

Dec162023 by FWMNo Comments

URON’s Sustainable Touch: Solar for the World’s Largest Office Building, The Surat Diamond Bourse, India’s Pride

Architecture, News

Ahmedabad, Gujarat, India: Saturday, December 16, 2023 In a defining moment for India & a triumph of sustainability and architectural marvel, the Surat Diamond Bourse (SDB) stands tall as the World's Largest Office Building, showcasing unparalleled sustainability and architectural grandeur. Boasting over 7.1 million square feet, the SDB surpasses the Pentagon as the world’s largest office building, this colossal structure is redefining the landscape of office buildings and setting new benchmarks for sustainability too. Key Highlights : Unprecedented Unity in Scale: The Surat Diamond Bourse brings together a vast community, uniting the cutting, polishing, and trading activities under one roof, encompassing over 4,500 offices and 130+ elevators, with a total passage exceeding 22 kilom...

Dec152023 by FWMNo Comments

“There is a need for more land surveyors to survey large waterways and lakes in the city.”-BBMP Commissioner

News

“Meeting under the chairmanship of the Chief Commissioner regarding Rajkaluve Encroachment Clearing Operation under BBMP 15 2023 10:08PM:Addressing a meeting held in connection with the clearance operation of large waterways under BBMP, he said that there is a need for more land surveyors to survey large waterways and lakes in the city, and the department of land surveying, revenue system and land records under the revenue department was instructed to take necessary steps to appoint more land surveyors.Chief Commissioner Tushar Giri Nath instructed the officer to write a letter to the Land Records Department to depute more land surveyors for the survey work of encroachment clearance operations in major waterways and lakes. The places encroached on large water channels in the city shou...

Dec132023 by FWMNo Comments

Repos Energy and Cummins India Limited Collaborate to Redefine Fuel Management, Unveil DATUM

News

Bengaluru, December 12, 2023: In a ground-breaking collaboration, Repos Energy, a pioneer in the Doorstep Fuel Delivery industry, and Cummins India Limited, a leading power solutions technology provider, have partnered to revolutionise fuel management in India with DATUM X (Data Automated Teller Ultimate Machine). As a part of this collaboration, Cummins India Limited will market and distribute Repos Energy’s DATUM X range of products through its vast distribution network across the country. The association was announced at CII EXCON 2023 held at the Bengaluru International Exhibition Centre. Vivek Malapati, Vice President, Distribution Business, Cummins India Limited, stated, “At Cummins, we believe that the path to environmental sustainability involves developing innovative, low to ze...

Dec132023 by FWMNo Comments

CII EXCON 2023: South Asia’s Largest Construction Equipment Exhibition Inaugurated by Mr Nitin Gadkari

Lifestyle

Mr Nitin Gadkari Envisions India as the Global Leader in Construction Equipment Manufacturing by 2028 Bengaluru, 12 December 2023 - “The construction sector in India currently ranks as the world's third-largest. Yet, by fostering collaborative endeavors among stakeholders, and corporations, and through substantial government support, we have the potential to propel it to the top spot within the next five years,” said Shri Nitin Gadkari, Minister for Road Transport and Highways, Government of India. Delivering his Inaugural Address at the 12th edition of CII EXCON 2023, South Asia’s largest construction equipment trade fair organized by the Confederation of Indian Industry (CII) here today, Gadkari said that the construction sector will have a significant contribution to the Prime M...