FWM – Page 33 – Property World Global

Nov22023 by FWMNo Comments

Festive push to residential real estate momentum of 2023

Last quarter invariably witnesses more than one-third of housing sales Homebuying in India fundamentally remains an emotive concept Repo rate movements affect individual preferences more than industry-wide trends Mumbai, India, 02 November 2023: Indian residential real estate market is typically an interplay of two fundamental factors. Market sentiment and the financial impact on buyers’ pockets have a tangible impact on home-buying decisions. Auspicious purchase periods and festive quarters have always underscored housing sector, even in periods of comparatively slower activity such as COVID-19 pandemic and NBFC sector lending crisis. The fourth quarter of October-December especially and festive offerings by developers and banks & financial institutions are quite synonymous...

Nov22023 by FWMNo Comments

Mumbai ranks 4th on Prime Global Cities Index in Q3 2023, showcasing impressive growth: Knight Frank

Business & Finance, World

Average annual prices rose 2.1% across the 46 markets Mumbai, New Delhi and Bengaluru witnessed YoY growth in prime residential prices in Q3 2023 Manila overtook Dubai and was ranked 1st in the index, with prime residential prices rising by 21.2% YoY in Q3 2023 Mumbai, 1st November 2023: Knight Frank, a leading international property consultancy, in its recent report ‘Prime Global Cities Index Q3 2023’ noted that Mumbai, Bengaluru and New Delhi, all the 3 Indian cities considered for the study recorded an increase in average annual prices of prime residential or luxury homes in Q3 2023. Mumbai recorded the 4th highest YoY growth in prime residential prices in Q3 2023. The 6.5% increase in prime residential prices has moved the city up by 18 places from 22nd rank in Q3 2022. Ne...

Nov22023 by FWMNo Comments

Property Finder reports record 81% YoY surge in transaction value in existing property market to AED 25.7 billion for October 2023

Business & Finance, News, World

Highlights: Overall, October 2023 witnessed 7,128 transactions worth AED 29.7 billion Transaction volume in the existing property segment grows by 36.8% to 5,602 Strong interest in furnished rental apartments continues DUBAI, UNITED ARAB EMIRATES, 02 November 2023: Property Finder, the leading property portal in the MENA region, has revealed key trends shaping Dubai’s dynamic property market in October 2023. The month saw 7,128 real estate transactions worth a total of AED 29.7 billion, recording a 17.46% increase in value compared to the same month last year. According to the latest data, 60% of property buyers were looking for an apartment, while 40% were interested in villas/townhouses. Meanwhile, in the rental market, around 82% of tenants were searching for apartments...

Nov22023 by FWMNo Comments

World Cement Association Founder and Director to Be Star Speaker at Indian Cement Review Conference 2023 at 14th Cement EXPO, Delhi

News

Updated: 01/11/2023 Mumbai, Maharashtra, India – Business Wire India The 3-in-1 event – comprising Indian Cement Review (ICR) Conference, Awards and Cement EXPO 2023 scheduled on 14-15th December 2023 at Manekshaw Centre in Delhi - is expected to attract cement industry captains, plant heads, over 100 exhibitors and more than 5,000 quality visitors. Participants of the event can gain immensely from the wisdom and global vision of Ali Emir Adiguzel, who was the former Global CEO of Heidelberg Cement Group and has a remarkable global experience of over 30 years in international business and visionary leadership. Ali Emir Adiguzel, Founder & Director of World Cement Association (WCA), will be the keyword speaker at Indian Cement Review (ICR) Conference 2023, which will be held...

Nov12023 by FWMNo Comments

THREE NEW LIFTS AT SMVT BENGALURU RLY STATION INAUGURATED

News

01.11.2023 Three Passenger lifts installed at Platform Nos.2/3, 4/5 and 6/7 in SMVT Bengaluru Railway Station were opened to the use of passengers today. P.C. Mohan, MP Bengaluru, Central, who was present on the occasion suggested the lifts to be inaugurated by Civic Workers. As per the directions of Hon’ble MP, the House Keeping Staff Ms. Shanthi & Ms. Parvathi, Porters S/Sri Girish, Jagadish, Narasimhaiah, Sadashivam along with other co-workers inaugurated the lifts by cutting ribbon. Later, Hon'ble MP held discussions with Yogesh Mohan, Divisional Railway Manager, Bengaluru Division and Gul Ashfaq Ahmad, Chief Project Manager, Gatishakti who were present during Inauguration, regarding improvements proposed to be undertaken in SMVT Bengaluru Railway Station. The lifts a...

Nov12023 by FWMNo Comments

Mahindra Lifespaces and Axis Bank partner to provide Home loans for Green Homes

Business & Finance

Mahindra Lifespaces customers can avail loans at 0.25% lower rates for green projects. Bangalore, 1st November 2023: Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, today, announced its partnership with Axis Bank, one of the largest private sector banks in India. Through this partnership, all Mahindra Lifespaces customers can now avail home loans at a competitive interest rate, which is 0.25% less than the standard home loan rates. Emphasizing on the core values of this collaboration, the loan application and disbursal process will be seamless with reduced paperwork, to minimize paper wastage and ensure efficient document management. Through this partnership, both the entities aim to encourage customers ...

Oct282023 by FWMNo Comments

Experience luxury furniture redefined at De Italia by Aertsen Living’s grand launch on Oct 28th at Jubliee Hills

Architecture, Home Improvement, News

27/10/2023 De Italia by Aertsen Living: Redefining Luxury Furniture with Expert Leadership Hyderabad (Telangana) [India], October 27: The countdown to a momentous event in the world of luxury home furniture has begun! On the 28th of October, Aertsen Living proudly unveils its latest venture - "Dē Italia." This exclusive introduction promises to set new standards in opulence and sophistication within the realm of furniture retail. Discerning homeowners and interior design aficionados have been eagerly awaiting this grand launch, and it's a date they won't want to miss. Aertsen Living, an esteemed leader in the premium and luxury home interiors industry, is set to redefine the benchmarks of luxury and elegance with "Dē Italia." For years, they have been synonymous with impeccable de...

Oct282023 by FWMNo Comments

Divya Kala Mela inaugurated

News

Union Minister of State for Social Justice and Empowerment Ms. Pratima Bhowmik inaugurated the Divya Kala Mela today at 6.30 pm to market the products manufactured by persons with disabilities. Public awareness campaign was conducted in the fair on World Occupational Day. During the ten-day fair, many programs will be organized to spread public awareness about the problems of disabled people. An employment fair will also be organized for the disabled. Under the schemes of NDFDC, loans worth Rs 25 lakh were sanctioned by Union Bank of India for the benefit of persons with disabilities. Bengaluru, October 27, 2023 Union Minister of State for Social Justice and Empowerment, Ms. Pratima Bhowmik, while assuring all possible assistance to the persons with disabilities, s...

Oct272023 by FWMNo Comments

Malabar Group Opens Grandma Home in Bengaluru

News

Bengaluru, Karnataka, India Malabar Group, the leading diversified Indian business conglomerate, has opened 'Grandma Home,' a destitute home in Bengaluru, Karnataka, for women. Chief Guest and Minister for Women & Child Development, Disabled & Senior Citizen Empowerment, Smt Laxmi R. Hebbalkar, inaugurated the Grandma Homes at Banashankari in the presence of M P Ahammed, Chairman of Malabar Group; Abdul Salam, Vice Chairman; Asher O, M D India Operations; along with Dr Idrees, Chairman of Thanal - Daya Rehabilitation Trust. The minister also inaugurated the Educational Scholarship Programme for female students and the Hunger Free World Project in Karnataka. R Ashoka, MLA of Padmanabhanagar Assembly Constituency, and N A Haris, MLA - Shantinagar Assembly Constituency, were al...

Oct262023 by FWMNo Comments

Embassy REIT Reports Strong Operating and Financial Results for 2Q FY2024

Business & Finance

: Delivers Record 2 Million Square Feet of Total Leases and Raises Leasing Guidance for FY2024 Thursday, October 26, 2023 5:11PM IST (11:41AM GMT) Bengaluru, Karnataka, India: Highest ever quarterly leasing of 2 msf across 25 deals including 7 new deals over 100k sf Strengthens partnership with large global tech occupier for ~600k sf office space at Embassy GolfLinks, Bengaluru Raises leasing guidance for FY2024 from a record 6.0 msf to 6.5 msf; On-track with FY2024 NOI and distribution guidance 90%+ occupancy levels across 50% of the REIT’s properties with Embassy 247 in Mumbai 100% occupied Delivers distributions of Rs 524 crores or Rs 5.53 per unit Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and th...