May 2024 – Page 2 – Property World Global

May152024 by FWMNo Comments

TVS Motor Company Introduces New Variants to the TVS iQube Portfolio in Bengaluru; Makes Electric Mobility Accessible to Customers

News

TVS iQube Electric series, powered by TVSM’s pioneering in-house EV technology, surpassed 300,000 unit sales milestone India’s favourite family EV, the TVS iQube, is now available in 3 battery options to choose from - 2.2 kWh, 3.4kWh and 5.1kWh, including TVS iQube ST in 2 variants. Portfolio starts in Bengaluru at an attractive introductory ex-showroom price of INR 94,999 TVS iQube owners in Karnataka have ridden a total of 380,458,208 kms that saved them INR 777,523,719 on fuel cost till date Bengaluru, May 15, 2024: In line with its commitment towards offering sustainable mobility solutions and enabling customers with the power of choice, TVS Motor Company, a leading global automaker, unveiled its new variant of the TVS iQube with 2.2 kWh battery in Bengaluru. Simultaneously, ...

May152024 by FWMNo Comments

Compass Group India launches its largest state-of-the-art Central Kitchen in Bengalur

News

Compass Group India unveils its 8th central kitchen to support business growth, with a focus on food innovation, automation and sustainability. Bangalore, May 15, 2024 : Compass Group India, one of the fastest-growing food and support services provider, announces the launch of its largest Central Kitchen in Bengaluru. Strategically located in the business area of Whitefield, the 29,000-square-foot Central Kitchen represents a significant step towards the brand’s ability to meet ever-growing demand across corporate, education, healthcare and manufacturing sectors. This move bolsters the company’s position as a leader in the food services industry. The new state-of-the-art Central Kitchen seamlessly integrates cutting-edge technology to streamline operations and effortlessly prepar...

May142024 by FWMNo Comments

India’s most reliable luxury Furniture Brand, is proud to announce the grand opening of its flagship furniture store.

Architecture, Home Improvement, Lifestyle, News

New Delhi, India May 14, 2024 16:05 IST Remax Furnitures, India’s most reliable luxury Furniture Brand, is proud to announce the grand opening of its flagship furniture store, offering a curated selection of premium furniture pieces designed to elevate the ambiance of every home. This store launch is a significant milestone for Remax Furnitures as the Brand will showcase its expertise in crafting innovative and customized Interior Design and home decor solutions. People will get to witness the Interior masterpieces, interact with Design Experts, and explore endless possibilities around Interior Design and Home decor. New Delhi, Principal Designer Mr. Mehul Sethi at Remax Furnitures Grand launch “With the opening of our new Furniture store, we are redefining the lands...

May142024 by FWMNo Comments

Unveiling Suryadev’s Fe550D CRS TMT Bars, Forged to Conquer Corrosion

News, Technology

Bengaluru, 14 May 2024 Suryadev Alloys and Power, a key player in the Indian steel industry and a leading player in Tamil Nadu, has launched Fe550D CRS TMT bars that offer unparalleled anti-corrosion properties. Suryadev Fe550D CRS TMT bars are meticulously crafted from high-quality iron ore and are enhanced with a robust blend of copper, chromium, and nickel. From the relentless assault of salt-laden sea air in coastal cities to the harsh reality of industrial pollutants in inland regions, the diverse climates of India present a formidable challenge to steel: corrosion. This issue poses a significant concern nationwide and is estimated to cost the Indian economy 3-4% of its GDP annually. Research indicates that the rate of corrosion in coastal areas may be up to four times greater t...

May142024 by FWMNo Comments

Occupiers across major markets in India willing to pay higher rentals for quality office supply

Business & Finance, News

Ø Superior quality new office spaces command up to 20% higher rental premium over average quoted rentals in select premium micro markets Ø GCCs drive India office space demand, with 37% share in overall leasing activity of Q1 2024 INDIA, 9th May 2024 – Despite a cost-conscious mindset, occupiers across the Asia Pacific region are willing to pay higher rentals for superior quality offices, particularly in locations which facilitate talent acquisition, according to Colliers’ latest edition of Expert Insights | Asia Pacific Office Markets April 2024. The report highlights the rising priority of APAC business leaders across industries to optimise resources, maximise savings and drive growth as they navigate a dynamic business landscape in 2024. India's top office markets too have ...

May142024 by FWMNo Comments

Indian senior living market has the potential to grow 5x times from current levels to touch ~USD 12 billion by 2030

Home Improvement, News

Market size can grow significantly from the current levels of USD 2-3 bn to ~USD 12 billion by 2030 Demographic shifts in India to create favourable demand dynamics for senior housing Low penetration of organised private players create significant demand supply gap Gurgaon, 13th May 2024 – The median age of the country is likely to gradually increase from about 29 to 38 by 2050. Similarly, the proportion of aged people (above 60 years) is likely to increase from about 11% in 2024 to 21% in 2050. At the global level, over the next three decades (by 2050), of the 2.1 billion people above 60 years, India would account for a 17% share indicating a significant demand growth for senior care including housing in the country.[1] Trends in India’s population India USA ...

May132024 by FWMNo Comments

Beurer India sets aggressive growth plans, introduces Sourav Ganguly as brand face

News

Bangalore 11May 2024: In a strategic move to enhance its footprint in the Indian home health and wellness sector, Beurer India Pvt. Ltd. today announced its ambitious expansion plans and unveiled cricket legend Sourav Ganguly as its new Brand Ambassador. The company also announced that they would be launching Blood Glucose Monitor Device which would be Made in India and would aim at transforming diabetes management in the country.

May102024 by FWMNo Comments

RAK Ceramics Announces Q1 2024 Financial Results

Architecture, Business & Finance, Home Improvement, Lifestyle, News

May 2024 Group revenue: Experienced a decline of 11.4% to AED 781.6 million in Q1 2024, owing to ongoing geopolitical challenges and market conditions in core markets except the UAE market.  Gross profit margin: Robust improvement of 70bps year-on-year to reach 39.3% for Q1 2024, on account of production efficiencies, lower gas prices in the UAE and improved sales of premium and differentiated products.  EBITDA performance: Year-on-year decrease of 3.9% in Q1 2024 to reach AED 151.0 million, accompanied by notable margin growth of 150bps at 19.3%.  Net profit after tax: Q1 2024 net profit decreased 21.5% year-on-year to reach AED 62.9 million, with net profit margin decreasing to 8.0% compared to 9.1% in Q1 2023.  Financial health: Net debt decreased by AED 54.3 million in Marc...

May102024 by FWMNo Comments

RAK Ceramics Unveils Cutting-Edge, 8500-square-feet Experience Centre in Bengaluru

Architecture, Home Improvement, Lifestyle, News

Bengaluru, 10th May 2024 : RAK Ceramics, a global leader in ceramics, has unveiled its cutting-edge, spacious 8500-square-feet Experience Centre in Bengaluru, which makes it one of the biggest spaces in Karnataka. This unique space, inaugurated by Anil K Beejawat, CEO of RAK Ceramics India, is not just a showroom but a hub of innovation and inspiration. It redefines how customers interact with premium design solutions, offering a truly immersive experience. The Experience Centre is a complete tile lifestyle center and a testament to RAK Ceramics' unwavering commitment to innovation and quality craftsmanship. It follows the aesthetic look and guidelines of international standards and proudly showcases RAK's flagship offering, Luce, a translucent tile masterpiece meticulously craft...

May102024 by FWMNo Comments

THE LEELA PALACES, HOTELS AND RESORTS WELCOMES HIS HIGHNESS MAHARAJA SAWAI PADMANABH SINGH OF JAIPUR AS AN ICON OF INDIA BY THE LEELA

Architecture, Home Improvement, Lifestyle, News

MUMBAI, India, May 10, 2024 /PRNewswire/ -- The Leela Palaces, Hotels and Resorts welcomed His Highness Maharaja Sawai Padmanabh Singh of Jaipur, the head of the royal family of the erstwhile Jaipur State, and a globally acclaimed Indian polo player, as the newest Icon of India by The Leela. His Highness Maharaja Sawai Padmanabh Singh of Jaipur, an Icon of India by The Leela Icons of India by The Leela is a unique initiative aimed at recognizing and nurturing the essence of India and the richness within through a celebration of India's finest who are the world's best. His Highness joins an esteemed list of Indians who have excelled in their fields and placed India on a global map. This includes sarod virtuosos Amaan Ali Bangash and Ayaan Ali Bangash, Nobel Peace Lau...