November 2024 – Page 3 – Property World Global

Nov102024 by FWMNo Comments

Asia Pacific office demand surges 10.7% as occupiers chase ’flight to quality’

News

India, New Zealand, and Singapore saw annual leasing growth of over 30% in Q3 2024 Demand across the top 11 countries in the APAC region rose by 10.7% YoY, reaching 2.2 million sqm (23.7 million sq ft) in Q3 2024 India continued to lead APAC office market activity, driving over 70% of the total demand during Q3 2024 Bangalore, 8th November 2024: The Asia Pacific office market is predicted to grow in 2025, with new Colliers’ data showing demand across top markets surging 10.7% year-on-year (y-o-y) in the third quarter of 2024. Colliers’ Asia Pacific Office Market Insights Q3 2024 report found Asia Pacific Grade A office demand surged 10.7% in Q3 2024 (y-o-y) to 2.2 million sqm (23.7 million sq ft) as major markets across the region strengthened, signaling a potentially stron...

Nov102024 by FWMNo Comments

Special Webinar to Spotlight Citizen-Centric Services by Panchayati Raj Institutions to be held tomorrow

News

Webinar to deliberate upon further Strengthening of Rural Governance; will Showcase Awarded Initiatives 10 NOV 2024 11:32AM by PIB Delhi As part of the Department of Administrative Reforms and Public Grievances (DARPG)’s National e-Governance Webinar Series (NeGW 2023–24), a Special Webinar on Citizen-Centric Services provided by Panchayati Raj Institutions (PRIs) will be held on 11th November 2024, from 12:00 noon to 1:00 PM. The webinar will be co-Chaired by Shri V. Srinivas, Secretary, DARPG, and Shri Vivek Bharadwaj, Secretary, Ministry of Panchayati Raj (MoPR), who will deliver keynote remarks, sharing key insights and outlining the vision for the pivotal role of PRIs in delivering essential services to rural citizens. Also present will be Shri Puneet Yadav, Additional Secreta...

Nov92024 by FWMNo Comments

Puravankara reports total revenue of ₹1,195 Crore in H1FY25, up by 67% Y-o-Y

News

Friday, Nov 08, 2024 17:11:29 | Puravankara Bengaluru: Puravankara Limited (NSE: PURVA | BSE:532891), one of India’s most trusted and admired real estate developers, announced its financial results for the second quarter (Q2FY25) ending September 30, 2024, and H1 FY25. For H1FY25, total revenue from projects stood at Rs. 1,195 crores for H1 FY25, up by 67% from Rs. 717 crores in H1 FY24. Customer collections increased by 27% to Rs. 1,999 crores, indicating improving operating efficiency. For the first half of the fiscal, sales volume stood at 2.84 msft and sales value at Rs. 2,459 crores. While revenue increased by 67% to Rs. 1,195 crores, on account of costs related to expansion overheads, sales and marketing expenses, the company recorded a loss of Rs. 5 crores for the period. Oper...

Nov72024 by FWMNo Comments

Horticulture Dept Launches “Jhenkara” Brand Honey

Home Improvement, LIFE & ARTS, Lifestyle, News

Bengaluru, November 07 (Karnataka News): The department of Horticulture has taken initiative to popularize the honey and honey products produced in the State, to provide quality honey to the consumers and to assure better price to the bee keepers. The department has developed the brand name “ಝೇಂಕಾರ” (in Kannada) and Jhenkara (in English), Tagline (ಜೀವನೋಲ್ಲಾಸಕ್ಕೆ ಜೇನು - in Kannada), (Honey that keeps you Buzzin’- in English), Logo and Packaging designs and got the approval of Trade mark Registry. The Department of Horticulture, Government of Karnataka posesses ownership of the said brand name and logo. Presently honey producers and aggregators have opportunities to use the brand name and logo by following the terms and conditions. It is requested to harness this opportunity. More...

Nov62024 by FWMNo Comments

Hyatt Set To Expand Brand Presence In Nepal With Hyatt Regency Lumbini

Architecture, News

The 175-guestroom property will be the fourth Hyatt branded property in Nepal and will mark the second hotel with Golyan Group CHICAGO (November 05, 2024) - Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a management agreement with Veda Hospitality Private Limited, a part of the Golyan Group, for Hyatt Regency Lumbini. The property will be the fourth Hyatt branded hotel in Nepal, reaffirming the significance of the market in Hyatt’s ambitious growth plans for Southwest Asia. Revered as the birthplace of Lord Buddha, the serene and spiritually significant town of Lumbini stands as an unparalleled destination for tourists as it draws travelers from across the world to the sacred site. It also boasts an UNESCO World Heritage status, with ...

Nov52024 by FWMNo Comments

UST Expands India Presence with a Second Office in Bengaluru

News

Bengaluru is UST's second largest delivery center globally with over 6,000 employees The second Bengaluru facility covers over 17,000 sq. ft. with a state-of-the-art Design Experience Center BENGALURU, India, Nov. 5, 2024 /PRNewswire/ -- UST, a leading digital transformation solutions company, has further strengthened its India presence by inaugurating a second delivery center in Bengaluru, Karnataka. Located in Helios Business Park, Kadabeesanahalli, this new facility spans over 17,000 square feet and accommodates over 300 seats, along with a state-of-the-art Design Experience Center and other modern facilities. This marks UST's second facility in Bengaluru, complementing its primary Bengaluru facility at Prestige Shantiniketan, Whitefield. Over the past year, UST has steadily ex...

Nov52024 by FWMNo Comments

Mr. Irfan Razack, Chairman and Managing Director, Prestige Group Honoured With Karnataka Rajyotsava Award 2024

News

Bangalore, November 4, 2024 – Irfan Razack, Chairman and Managing Director of the Prestige Group, was awarded the prestigious Karnataka Rajyotsava Award on 1st November 2024 in recognition of his outstanding contributions to the Real Estate industry and his dedication to the economic and infrastructural development of Karnataka. This distinguished honour, bestowed by the Government of Karnataka, celebrates individuals who have significantly impacted their fields, contributing to the state's growth and progress. Irfan Razack has been a pioneering force in transforming the skyline of Bangalore and other cities across India. Under his visionary leadership, Prestige Group has not only redefined real estate standards but also championed sustainable urban development, social responsibi...

Nov42024 by FWMNo Comments

BBMP HAS SEALED AROUND 32 SHOPS IN BENGALURU OVER TAX ARREARS

News

04 NOV 2024 In the market area of Yeswantpur RTO Road, Mattikere sub-division in the western sector of the city, today under the leadership of Zonal Commissioner Mrs. Archana, 32 shops with outstanding property tax will be sealed. Notices have been issued to delinquents and revision cases with high property tax arrears in the Western Zone, who have not paid the outstanding property tax despite being given sufficient time. Due to this, as per the BBMP Act 2020 and the regulations, non-commercial properties are being sealed and the arrears of property tax are being recovered. Moreover, in cases of revision of property tax in the Assistant Revenue Officer sub-division, the property with the highest arrears is sealed. Use, PID No: 7-39-27 & 7-39-27/1, Subedar Chatram Road, Ye...

Nov12024 by FWMNo Comments

Majority of Homebuyers Expect a 6-15% Rise in Property Prices Over the Next Year: Magicbricks Survey

Business & Finance, News

Bengaluru, 29th October 2024 : Magicbricks, India’s leading real estate platform, highlights an increasing inclination towards residential real estate as a favored investment option. According to the platform’s latest survey of high-intent homebuyers, those with annual household incomes between INR 20-30 lakh are showing the strongest preference for purchasing homes, signaling rising aspirations within the middle-income segment. These buyers are mainly considering investments in the INR 75 lakh to 1 crore range. Survey results indicate that a majority of homebuyers expect property prices to rise by 6-15% over the next 12 months, citing capital appreciation and rental yields as key motivators. Among respondents, 35% view return on investment (ROI) through property appreciation as their pr...