August 2024 – Page 2 – Property World Global

Aug82024 by FWMNo Comments

“For Bengaluru to be able to deliver a good quality of life to its citizens, it needs to have legislation that caters to the 21st century opportunities and challenges.”-VR Vachana, Head – Municipal Law and Policy, Janaagraha,

News

The Greater Bengaluru Governance Bill 2024 — Hits and Misses 8 August 2024 In 2014, the Government of Karnataka constituted the BBMP Restructuring Committee, which was later renamed the Brand Bengaluru Committee (BBC) in 2024. The BBC was tasked with the crucial responsibility of designing a new and modern governance structure for Bengaluru to retain its preeminent position. Accordingly, the Committee has prepared a draft bill which has many forward-looking elements. However, the Greater Bengaluru Governance (GBG) Bill, which was tabled in the Karnataka legislative assembly on 23 July 2024, does not incorporate many progressive aspects of governance which are necessary for building a vibrant, modern Bengaluru in the 21st century. Janaagraha has undertaken an in-depth comparative ...

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“Karnataka’s Leadership in Renewable Energy & Electrification : Key Drivers for Sustainable and Industrial Growth”

Lifestyle, Technology

Bengaluru, 07 August 2024: CII Karnataka organized annual Energy Transition Conference “Driving Sustainability: Renewables, Green Hydrogen and Electric Mobility” today at Bengaluru. Addressing the inaugural session Mr Gaurav Gupta, IAS, Additional Chief Secretary, Energy Department, Water Resources Department & Managing Director, KPCL, Government of Karnataka, remarked, “Karnataka is leading the way in renewable energy, with 65% of electric energy capacity coming from renewable sources. As a hub for renewable energy, transmission, and investment, we are also pioneering in green hydrogen production with a target of 3 MMTPA and advancing electric mobility to create 1.5 lakh jobs. Our goal is to reduce the cost of green hydrogen production from $5 per kg to $1 per kg, demonstrating our co...

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Bosch Limited registers 14.1% profit before tax in Q1 FY 2024-25

Business & Finance, News

Total revenue from operations in Q1 of FY 2024–25 is up by 3.8% over the same quarter of previous year. Profit after tax stood at 10.8% of total revenue from operations. Bengaluru, India – 07.08.2024 Bosch Limited, a leading supplier of technology and services, today posted its total revenue from operations of INR 4,317 crores (481 million euros) in Quarter 1 of FY 2024–25, an increase of 3.8% over the same quarter of last year. This growth is driven by higher demand in the overall automotive market, mainly in passenger cars segment. The Profit Before Tax stood at INR 611 crores (68 million euros) which is 14.1% of the total revenue from operations, an increase of 14.7% over the same quarter of previous year. The Profit After Tax (PAT) stood at INR 466 crores (52 million eu...

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New Balance opens its first store in Bengaluru at Brigade Road

LIFE & ARTS, Lifestyle, News

Bengaluru, 5 August, 2024 – New Balance, one of the fastest growing sports brands in the world, opens its newest retail concept at Brigade Road, Bengaluru. Highlighting its strategic expansion plans under the newly launched Indian subsidiary, New Balance has advanced its presence in several cities since the start of 2024 with Bengaluru being the latest addition to the list. This unique retail concept embodies New Balance at the intersection of sports and culture, catering to professional athletes and lifestyle enthusiasts alike. Spanning over two storeys, the store provides an intuitive and engaging experience, ensuring consumers feel welcomed and inspired. The new store on Brigade Road features a thoughtfully curated selection of performance and lifestyle products including their iconic...

Aug52024 by FWMNo Comments

Brigade achieved Pre-Sales of ₹1086 Crores with the sales volume of 1.15 Mn Sft

Business & Finance, News

Bengaluru, August 5 , 2024: Brigade Group reported a total revenue of ₹ 1,113 Crores and Profit After Tax of ₹ 81 Crores in Q1 FY25. Pre-sales bookings in the real estate segment of Q1 FY25 stood at 1.15 Mn. Sft, with a sale value of ₹1086 Crores. Average realisation stood at ₹ 9,483 per Sft. "Real estate segment continued to be the primary driver of our growth, while other segments made healthy contributions. We believe that our diverse portfolio will help us capitalize on emerging opportunities. We will be holding the 17th edition of our annual event Brigade Showcase from the 9th to 11th August 2024. With the focus largely on sustainability, visitors can expect to learn about our eco-friendly practices, energy-efficient designs, and commitment to creating sustainable living spac...

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Brigade Group Signs Agreement for a New Office Space on Airport Road, Bangalore.

Business & Finance, News

Bengaluru, August 5, 2024: Brigade Group, through its wholly owned subsidiary, Brigade Tetrarch Private Limited, has entered into a Limited Liability Partnership (LLP) agreement to develop a 1.4 million square feet leasable office space. The proposed commercial development is expected to generate an annual lease income close to Rs. 100 Crores per year, with an investment of close to Rs. 750 Crores. “This project reflects our commitment to develop world-class, sustainable commercial spaces, with amenities that will cater to the new age workforce as well as the dynamic needs of businesses. We are confident that this development will set new benchmarks in the office segment and contribute significantly to the economic growth of North Bangalore,” said Nirupa Shankar, Joint Managing Dire...