Author: FWM

Apr162025 by FWMNo Comments

Bengaluru’s Luxury Housing Market for Apartments priced at ₹10 crore and above hits ₹1,000 Cr Milestone in FY25 India SIR and CRE Matrix Report

Luxury homes priced between ₹10–12 crore saw the highest demand, offering the ideal mix of value and exclusivity.Hebbal led the pack as the top-performing market with 22% of total sales value for apartments above ₹10 crore. Apartments sized between 5,000–7,000 sq. ft. have emerged as the most in demand, signalling a clear preference for spacious, upscale living.Bengaluru, April 16, 2025: For the first time ever, Bengaluru’s ₹10 and above, luxury real estate market has crossed the ₹1,000 crore mark in annual sales, marking a new benchmark for the city’s premium housing sector, according to a report by India Sotheby’s International Realty and CRE Matrix.A striking 42% of Bengaluru’s total ₹10 crore+ luxury home sales over the last four years came in FY25 alone — a clear sign...

Apr142025 by FWMNo Comments

Centre frames draft rules for Gas Meters under the Legal Metrology (General) Rules, 2011

News

Rules mandates gas meters to undergo testing, verification and stamping prior use in trade and commerce 14 APR 2025 12:40PM by PIB DelhiThe Department of Consumer Affairs, Government of India, has taken a significant step towards strengthening consumer protection, promoting fair trade practices and ensuring accurate measurement in gas usage by framing draft rules for Gas Meters under the Legal Metrology (General) Rules, 2011. These rules make it mandatory for all gas meters used for domestic, commercial, and industrial purposes, to undergo testing, verification and stamping prior to their use in trade and commerce. The re-verification of these gas meters is also prescribed under the rules to ensure their correctness when these are in use.The primary objective of these new rules i...

Apr142025 by FWMNo Comments

Swachh Bharat Mission Director visited Solid Waste Management unit in BBMP limits

News

Bengaluru: April 14-Binay Jha, Director, Swachh Bharat Mission (Urban) [SBM(U)]-2.O, Ministry of Housing and Urban Affairs, visited the Bengaluru Solid Waste Management Limited office today and got comprehensive information about solid waste management in the city.BSWML Chief Executive Officer Dr. K. Harish Kumar gave comprehensive information through a demonstration on how solid waste management is being done in BBMP limits, what steps are being taken and the plans formulated in the coming days.Currently, 6,500 MT of waste is being generated in the city daily and wet, dry and sanitary waste are being collected separately through auto tippers from every house. He said that the auto tippers and compactors that collect garbage have been equipped with RFID and the marshals will ta...

Apr132025 by FWMNo Comments

Grade-A Industrial Spaces Developer OneAlpha Launched in Chennai with New Oragadam Project

Architecture, News

Chennai, Tamil Nadu, IndiaIndustrial spaces and logistics infrastructure company OneAlpha Ventures Ltd. was launched in Chennai today, along with the official announcement of its first major project: an industrial and logistics park in Oragadam, Sriperumbudur.OneAlpha Launched in Chennai with New Oragadam ProjectThe company and the project were officially launched at an event graced by the presence of Mr. R. Velusamy, President - Automotive Technology & Product Development at Mahindra & Mahindra Ltd. as the Guest of Honour through a video message. The launch saw the presence of Dr. S Rajkumar, Vignesh Rajkumar and Visakh Rajkumar, representing the legacy of the Sree Kailas Group, and now leading the next phase through OneAlpha.Positioning itself as a n...

Apr132025 by FWMNo Comments

Lighting Up Kashi

Architecture

Sacred City, Smart Future13 APR 2025 6:58PM by PIB Delhi “India today is carrying forward both development and heritage together, Our Kashi is becoming the best model for this.”~Prime Minister Narendra ModiKashi isn’t just a city—it’s a living soul. It breathes through the ripples of the Ganga and the quiet strength of its people. Here, ancient stones whisper stories of the past while glass-fronted buildings reflect the promise of tomorrow. The city where life and death meet at Manikarnika Ghat, now welcomes wide roads, smart lighting and modern corridors. This is Kashi’s journey—where the sacred and the smart co-exist, not in conflict, but in harmony. A place where every street holds a story and every step leads to a blend of soul and structure.On April 11, the ancien...

Apr112025 by FWMNo Comments

Blackstone Real Estate to Acquire 6M SF Industrial Portfolio Developed by Crow Holdings for $718M

Business & Finance

New York & Dallas – April 10, 2025 – Blackstone (NYSE: BX) and Crow Holdings, a leading real estate investment and development firm, today announced that Core+ funds affiliated with Blackstone Real Estate have agreed to acquire a 95 percent stake in an industrial portfolio developed by Crow Holdings for $718 million. Crow Holdings and its partners will retain 5 percent ownership. The portfolio consists of 25 Class A buildings totaling 6 million square feet and is predominantly located in high-barrier submarkets in Dallas and Houston, two of the top-performing U.S. logistics markets.David Levine, Co-Head of Americas Acquisitions for Blackstone Real Estate, said: “This transaction is another example of Blackstone Real Estate deploying capital during this period of market volatility. ...

Apr102025 by FWMNo Comments

Average home price rises 9% Y-o-Y in top 9 cities in FY25: PropEquity

Business & Finance

The weighted average price of new launches in Southern cities (Bengaluru, Chennai and Hyderabad) continue to be in sub-Rs 10,000 per sq. ft. level in FY25The weighted average price of new launches in Pune has breached the Rs 10,000 per sq. ft. mark in FY25 Mumbai and Navi Mumbai saw price decline of 3% each Chennai remains the least expensive housing market amongst top 9 cities with average launch price at Rs 7989 per sq. ft. while Mumbai remains the most expensive at Rs 34,026 per sq. ft.New Delhi, April 10, 2025: The weighted average launch price of homes in India’s top 9 cities rose by 9% in FY 2024-25 to Rs 13,197 per sq. ft. as compared to Rs 12569 per sq. ft. in FY 2023-24, said a report by NSE-listed data analytics firm PropEquity.The top 9 cities are Bengaluru, Chen...

Apr102025 by FWMNo Comments

India Defies Global Office Rental Slump; Office Rentals Continue Upward Trend – Vestian

Business & Finance

New Delhi, 10th April 2025: While global office rental markets continue to face headwinds, India’s office sector is bucking the trend with sustained growth in office leasing and rentals. According to research by Vestian, 2024 reported the highest ever leasing of 70.7 Mn sq ft, registering an annual increase of 16%. Sub-dollar rentals across India’s top seven cities fuelled this momentum, making the country a key outlier in an otherwise subdued global landscape.In stark contrast to major global cities like New York, Seattle, Boston, Hong Kong, and Shanghai, which have witnessed rental declines over the last five years, India witnessed a steady upward movement. Notably, while some Western markets such as London and Miami posted increases of 31% and 53% respectively, the broader global s...

Apr102025 by FWMNo Comments

RBI Issues April 2025 Policy Update

Business & Finance

09 APR 2025 6:14PM by PIB Delhi RBI Cuts Repo Rate to 6%, Projects 6.5% GDP Growth for FY 2025-26IntroductionThe Monetary Policy Committee (MPC), in its 54th meeting and the first of the financial year 2025–26, unanimously decided to reduce the policy repo rate by 25 basis points, bringing it down to 6 per cent with immediate effect. The repo rate is the rate at which the Reserve Bank of India (RBI) lends money to commercial banks, and a cut in this rate is aimed at boosting lending and investment. This decision comes at a time when global economic conditions are becoming increasingly uncertain. Trade tensions have resurfaced, leading to a decline in crude oil prices, weakening of the US dollar, softening bond yields, and corrections in equity markets. While central banks across t...

Apr72025 by FWMNo Comments

Waves Beneath, Trains Above: The New Pamban Bridge

Architecture

07 APR 2025 6:21PM by PIB Delhi Imagine sitting in the all-new Rameswaram-Tambaram train service by the window. The salty breeze brushes your face, and all you see is the endless stretch of the sea. Just as the waves begin to lull you into a trance, a stunning steel structure appears, the kind one watches in the movies. It’s the new Pamban Bridge, and it is unlike anything India has ever built before.The Pamban Strait, which separates the Indian mainland from Rameswaram Island in Tamil Nadu, is now home to an impressive engineering marvel, as India’s first vertical-lift railway sea bridge. Replacing the iconic but aging 110-year-old Pamban bridge, this new structure is more than just metal and bolts, but a symbol of how history and progress can flow together.What is a Vertical-L...