January 2024 – Page 3 – Property World Global

Jan122024 by FWMNo Comments

PM inaugurates Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu in Navi Mumbai

Built at cost of about Rs 17,840 crores, Atal Setu is the longest bridge in India and also the longest sea bridge in the country 12 JAN 2024 7:19PM by PIB Delhi The Prime Minister, Narendra Modi inaugurated Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu in Navi Mumbai today. Modi took a walkthrough of the photo gallery and a showcase model of Atal Setu. MTHL Atal Setu has been constructed at the cost of more than Rs 17,840 crores and is about a 21.8 km long 6-lane bridge having about 16.5 km length over the sea and about 5.5 km on the land. The Prime Minister was accompanied by the Governor of Maharashtra, Ramesh Bais, Chief Minister of Maharashtra, Eknath Shinde and Deputy Chief Ministers of Maharashtra, Devendra Fadnavis and Ajit Pawar. Atal Bihari Vajpayee Se...

Jan122024 by FWMNo Comments

Property Finder’s Zingat joins forces with Hepsiemlak, a Doğan Holding company in Türkiye

Business & Finance

The strategic partnership exemplifies Property Finder’s confidence in the Turkish market’s long-term potential, as part of its vision to expand market share in the MENAT region. The merger between Property Finder’s Zingat and Hepsiemlak, seeks to strengthen Türkiye’s real estate ecosystem with better opportunities for all stakeholders and customers. Dubai, United Arab Emirates, 11 January 2024: Property Finder, the leading property portal in the Middle East and North Africa (MENA), has announced its latest partnership with Hepsiemlak, a Doğan Holding company in Türkiye, under its local subsidiary - Zingat. As part of this important consolidation for the sector, Property Finder will become a minority partner in Hepsiemlak, and provide advisory on best practices from its years of ex...

Jan122024 by FWMNo Comments

Institutional investments from domestic investors in realty sector jump 120pc in 2023 to USD 1.5bn: Vestian

Business & Finance

New Delhi, 11th Jan: Institutional investments in the real estate sector from domestic investors more than doubled to USD 1.5 billion in 2023, according to Vestian latest report. The inflow of funds from domestic investors stood at USD 1511 million (USD 1.5 billion) last year, registering a remarkable growth of 120 per cent from USD 687 million in the 2022 calendar year. The share of domestic investors increased to 35% in 2023 from 14% in 2022 amid global headwinds. On the other hand, the share of foreign investors shrunk over the previous year on account of the macroeconomic slowdown. While foreign investors continued to dominate investments with 65% share in 2023, their share reduced from 79% a year earlier. Nearly 72% of the foreign investments were concentrated in commercial asse...

Jan122024 by FWMNo Comments

India’s Retail Inflation 5.69 per cent in December 2023

Business & Finance

CONSUMER PRICE INDEX NUMBERS ON BASE 2012=100 FOR RURAL, URBAN AND COMBINED FOR THE MONTH OF DECEMBER 2023 12 JAN 2024 5:30PM by PIB Delhi The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) is releasing All India Consumer Price Index (CPI) on Base 2012=100 and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for the month of December 2023 (Provisional) in this press note. CPIs for Sub-Groups and Groups for both All India and all States/UTs are also being released. The price data are collected from selected 1114 urban Markets and 1181 villages covering all States/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster. During the month of December...

Jan122024 by FWMNo Comments

Hyderabad registers residential sales of Rs 9497 crores in Oct-Dec quarter; Aparna Construction and Sumadhura Infracon lead in volume and units sold

Business & Finance

Hyderabad, 12th Jan, 2023: In a robust display of economic activity, Hyderabad witnessed a surge in residential sales, recording an impressive 16,808 transactions in Q4, 2023 amounting to a substantial Rs 9497 crores, according to IGR data sourced by Square Yards. Top Developer - Hyderabad (Q4' 2023) - Primary Developer Name Total Sale Value in Cr. No. of Transaction 1 Aparna Constructions And Estates 510 621 2 Sumadhura Infracon 196 145 3 Myscape Properties 153 115 4 BSCPL Infrastructure 126 104 5 Cyber City Builders and Developers 122 106 6 Candeur Developers And Builders 113 126 7 Incor Infrastructure 107 90 8 DSR SSC Builders And Developers 101 49 9 Sri Aditya Homes 96 58 10 Koncept Ambience ...

Jan102024 by FWMNo Comments

About 400-460 mn sq ft of existing Grade A office stock hold investment potential for environmental recalibration

Others

Relatively older buildings (>10 years) of about 300-350 mn sq ft need major overhaul, presenting around INR 360 bn retrofitting potential Relatively newer buildings (≤10 years) of about 95-110 mn sq ft need minimal capex, presenting INR 20-30 bn E-upgrade potential E-upgrade of existing buildings results in 3-4X net cashflow benefit for developers over remaining asset life Upcoming Grade A office supply of about 160-190 mn sq ft in next three years likely to incorporate sustainable elements from Day-1 Bangalore, 10th January 2024: With growing adoption of sustainable elements led by multitude of tangible as well as intangible benefits, existing environmentally non-compliant office stock offers an opportunity to be either E-upgraded or retrofitted. The Colliers' report,...

Jan52024 by FWMNo Comments

Our goal is to double to triple the export of cereals in a year – Minister Cheluvaraya Swamy

Business & Finance, Home Improvement, Lifestyle

Bangalore, JAN,2; The state government has laid special emphasis on organic farming and in the next one year, Karnataka should rank first in the whole country in terms of cereal production and export activity. Agriculture Minister Cheluvaraya Swamy said that our aim is to increase the export volume by two to three times. Addressing an exporters' conference on "Exploration of Global Market for Cereals and its Value Added Products" on the sidelines of the International Cereal Trade Fair to be held at the Palace Grounds for three days from January 5, the Minister said that for the first time in 2017, the Chief Minister Siddaramaiah-led government had held an international conference with greater emphasis on Cereals. Later, he said, as a result of thinking about alternative cropping syst...

Jan42024 by FWMNo Comments

Colliers successfully transacts sale of boutique hotel in Bangalore for prominent hospitality group

Business & Finance

Mumbai, 4th January 2024: Leading diversified real estate services provider, Colliers India, successfully facilitated the sale of a boutique hotel in Bangalore for a well-known hospitality player. The team effectively collaborated with the Asset Reconstruction Company (ARC), Trustee, and the Bank, alongside the buyer and seller to transact the hotel asset spanning 150,000 sq.ft. Focused on meeting the business needs of both parties involved, Colliers India played a pivotal role in providing an exit strategy for the promoters seeking to liquidate the asset and fulfilling the aspirations of the buyers aiming to establish a presence in the bustling metro location. The firm's Capital Markets & Investment Services business recently ventured into the hospitality segment, given the sector'...

Jan32024 by FWMNo Comments

Bengaluru continues to be the most favoured office market, maintains its leadership position; City records a nine-year high in residential sales: Knight Frank India

Business & Finance

Bengaluru accounted for 21% of the total transactions across top eight markets in 2023 Average transacted rentals in Bengaluru grew by 6.6% YoY 54,046 residential units sold in 2023 Premium residential units costing >INR 10 mn witnessed an annual growth of 38% Bengaluru, January 3, 2024: Knight Frank India in its latest report, India Real Estate: Residential and Office (July - December 2023) cited that Bengaluru registered office transaction volume of 12.5 mn sq ft in 2023. This is the highest transaction volume recorded amongst the leading eight cities in India. In 2023, despite the moderation in comparison to 2022, Bengaluru registered the second-best office transactions surpassing the 10 – year average of 12.2 mn sq ft. Global Capability Centres (GCC), flex spaces a...

Jan22024 by FWMNo Comments

LuLu Midnight Sale at Bengaluru; Killer Offers on Major Brands

Business & Finance, News, Technology

Bengaluru: Much-anticipated Big Days Sale of the City is now back and bigger, with a flat 50% off on products. Over multiple brands at Lulu Mall Rajaji Nagar and LuLu Daily in Falcon City Mall, ensure a half-price sale on their merchandise. The biggest discount sale will be hosted from January 4th to 7th, and all the LuLu stores will be open until midnight for hassle-free shopping.As it hosts its end-of-season sale, LuLu presents an array of premium fashion brands, electronics, gadgets, household items, and other essentials at unbeatable prices. LuLu Mall Rajajinagar and LuLu Daily are captivating shoppers with exclusive 50% discount on an extensive selection of renowned brands in various categories. This midnight shopping bonanza begins from January 4th to January 7th, ensuring a h...