March 2024 – Property World Global

Mar312024 by FWMNo Comments

AkzoNobel announces Rocking Star Yash as new brand ambassador for Dulux Weathershield, launches “It’s Colourful. It’s Powerful” campaign

Architecture, Home Improvement, Lifestyle, News

Gurugram, March 28, 2024 :AkzoNobel India, a leading Paints and Coatings company and makers of Dulux paints, today welcomes the actor Yash, as the new brand ambassador for its Dulux Weathershield exterior emulsions in India. Rajiv Rajgopal, Chairman and Managing Director, Akzo Nobel India said, “We’re thrilled to welcome the Rocking Star Yash to our family. He perfectly embodies the Dulux Weathershield spirit of unmatched performance and originality that stems from confidence of innovation. A true superstar, Yash has earned the love of millions of fans across India, much like our iconic Dulux Weathershield exterior emulsions.” With Yash on board, AkzoNobel aims to strengthen the association of its flagship Dulux Weathershield exterior emulsions with Indian consumers seeking high-perf...

Mar282024 by FWMNo Comments

JLL facilitates corporate divestment of CIDCO residential asset in Navi Mumbai

News

Mumbai, 28 March, 2024: JLL, the country’s leading real estate advisory firm, successfully facilitated the corporate divestment of a City and Industrial Development Corporation (CIDCO) residential asset in Vashi, Navi Mumbai. The asset, comprising a land area of 2160 sq. metres with two structures, was owned by Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), a publicly listed, multi-product Indian conglomerate with an annual turnover of over one billion USD. The transaction, valued at INR 53.39 crores (exclusive of GST), marks a strategic move by DFPCL to divest its non-core asset. As a trusted advisor, JLL won an exclusive mandate to facilitate the transaction on behalf of DFPCL. Speaking of the development, Nishant Kabra, Head, Capital Markets (West & North...

Mar232024 by FWMNo Comments

ABB India Turns Half of Its Manufacturing Locations ‘Water Positive’

News, Technology, World

Bengaluru, Karnataka, India: Three of the six manufacturing locations replenishing more water to the ground than being consumed Potential to recharge 1,19,373 cu.m. rainwater from the site (excluding rooftop) runoff at ABB Peenya The water positivity index of the ABB Peenya plant is 1.05 ABB India today announced that its Peenya campus1 in Bengaluru has been certified water positive by the Green Rating for Integrated Habitat Assessment (GRIHA) Council. With this, three out of its six manufacturing locations are now ‘water positive’. Their Peenya campus has a water positivity index of 1.05, demonstrating its contribution towards replenishing a much greater quantity of water for the environment than withdrawals for its manufacturing facilities. Previously, the Nelamangala camp...

Mar232024 by FWMNo Comments

Flex-space market size expected to touch 126 million sqft, addressing a USD 9 billion market by 2028: Avendus Capital

Business & Finance

Bangalore, March 22, 2024 Avendus Capital, India’s leading Investment Bank for private equity advisory, released a comprehensive report on how flex workspaces are disrupting the Indian office market. According to the report, India’s commercial real estate market will see strong demand to push adoption of flex workspaces, leading the sector to grow up to ~126 million sqft at a 15% CAGR, addressing a USD 9 billion market by 2028. This growth is expected to garner the attention of all categories of investors – growth capital, private equity, real estate, HNIs and family offices, venture debt and structured credit. The flex workspace market in India is dominated by product-led operators offering flexible office solutions across the spectrum. Sectors like IT & ITeS, BFSI, consulting...

Mar232024 by FWMNo Comments

Mahindra Lifespaces launches Mahindra Zen Bengaluru’s 1st Net Zero Waste + Energy Homes

Architecture, Home Improvement, Lifestyle, News

Bengaluru, March 22nd, 2024: Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group, furthers its commitment to sustainable development with the launch of Bengaluru’s 1st Net Zero Waste + Energy residential project, Mahindra Zen. After the tremendous success of Mahindra Eden, which was India’s 1st Net Zero Energy residential development, this launch marks yet another milestone in Mahindra Lifespaces’ journey to build only Net Zero buildings from 2030 onwards. With an IGBC pre-certified platinum rating, Mahindra Zen comprises of over 200 bespoke homes spread over 4.25 acres. Located in the pristine locale of Manipal County Road, off Hosur Road, Mahindra Zen consists of two towers, offering over 60% open spaces. The towers, each wi...

Mar182024 by FWMNo Comments

ADB, Lhoopa Sign Deal to Expand Green Affordable Housing in the Philippines

Business & Finance

MANILA, PHILIPPINES (18 March 2024) — The Asian Development Bank (ADB) and Lhoopa, Inc. have signed a loan agreement of up to $20 million to help deliver affordable housing for average-income earners in the Philippines, improving their quality of life and reducing the country’s housing shortage. The financing will support Lhoopa’s capacity to acquire, renovate, construct, and sell affordable properties, sold at an average price of Php 850,000 (around $15,000) primarily to Filipinos in jobs such as drivers, security guards, factory workers, teachers, and office administrative workers. At least 25% of the homes sold will be certified by Excellence in Design for Greater Efficiencies, an internationally recognized green building standard system. “This is ADB’s first private sector housin...

Mar162024 by FWMNo Comments

Vygon Spearheads Neonatal Safety in India with Groundbreaking Nutrisafe2 System

Lifestyle, News

First company in the country to launch the enhanced neonatal feeding system, to tackle NICU tubing misconnections Bengaluru, March 15, 2024 – In an innovative leap forward, Vygon, a frontrunner in the manufacturing and distribution of specialized medical devices, unveiled Nutrisafe2. This cutting-edge enteral feeding system, meticulously designed for neonates, ensures feeding precision and safety in NICU. With its launch, Vygon addresses the critical challenge of tubing misconnections, a prevalent risk in neonatal care that leads to adverse events, including fatalities. Neonates within healthcare settings receive medication and other therapies through a variety of tubes and catheters.The connectors of these different delivery systems are often compatible and can be connected to each...

Mar162024 by FWMNo Comments

100 Years, 123 Feet Dosa: MTR celebrates 100 years with a GUINNESS WORLD RECORDS™ title for the longest Dosa

Lifestyle, News

National, March 16, 2024: Celebrating it’s 100-year journey, MTR Foods announced that they are now the new GUINNESS WORLD RECORDS title holder for the Longest Dosa in partnership with Lorman Kitchen Equipments. MTR's signature Red Rice batter was used to prepare this monumental dosa at its Bommasandra Factory. The record was created by a team of 75 chefs, comprising of both seasoned experts and budding culinary talent, under the guidance of MTR's Cuisine Centre of Excellence. This record-breaking endeavour epitomizes the brand's mastery of culinary craftsmanship and demonstrates its expertise in South Indian food. The dosa holds a cherished place in the hearts and palates of people across India, serving as the perfect centrepiece for this historic occasion. As Mr. Sunay Bhasin, CEO o...

Mar142024 by FWMNo Comments

Hengst Filtration Unveils State-of-the-Art Facility in Bengaluru

Architecture, News

Bengaluru, 14 March 2024: Hengst Filtration, Germany’s leading filtration company, has unveiled its cutting-edge facility in Yelahanka, Bengaluru. This strategic move aims to address the surging demand for filtration systems in automotive, hydraulics, healthcare, and industrial sectors within the country. With an initial investment of 2 million Euros (INR 17 Crores) allocated towards machinery, IT infrastructure, and warehousing, Hengst Filtration is laying the groundwork for its operations in India. Recognizing India's pivotal role as both a key market and a potential export destination, the company is poised to seize the abundant opportunities present. Esteemed dignitaries and valued customers, including Mr. Rajinder Singh Sachdeva, Chief Operating Officer, VE Commercial Vehicles...

Mar142024 by FWMNo Comments

The Prestige City – The Best-Selling Township Brand From Prestige Group

Architecture, Home Improvement, Lifestyle, News

~The Prestige City redefines living by unveiling spectacular townships in Bangalore, Hyderabad and Mumbai~ India, 11th March, 2024 — The Prestige City brand proudly announces its astounding rise as a flagship brand of townships, marked by exceptional achievements and sales milestones and customer appreciation of such townships being developed by the company across India. Bangalore: The Prestige City, Sarjapur had over 8000 dwelling units including apartments, villas and plotted development launched in phases from Aug’21 onwards. All the phases got sold out within a few months of the launch. Plotted development prices have already tripled in a period of 2.5 years, setting new standards for real estate appreciation in the vibrant cityscape. Hyderabad: The Prestige City, Rajendra N...