Friday, May 15News That Matters

Author: FWM

Action plan to be prepared for comprehensive development of KR Market: Maheshwar Rao

Action plan to be prepared for comprehensive development of KR Market: Maheshwar Rao

News
Chief Commissioner Maheshwar Rao instructed officials to prepare an action plan for the comprehensive development of KR Market and to set a timeline for completion of the works.During his visit to KR Market under the Bengaluru Central City Corporation limits today, he reviewed the situation along with officials and stated that a detailed action plan should be prepared covering proper waste disposal, installation of CCTV cameras, concreting of internal roads, providing proper connectivity to the flower market, and other development works. He directed officials to submit a report within one week along with a clear timeline for completion of these works.He also instructed that all necessary locations in KR Market be assessed for installation of CCTV cameras from a safety perspective, ...
Measures taken by the Bengaluru Central City Corporation for the Karaga Mahotsav:

Measures taken by the Bengaluru Central City Corporation for the Karaga Mahotsav:

News
Bengaluru,April 01:The Commissioner of Bengaluru Central City Corporation,ย  Rajendra Cholan, reviewed the measures undertaken by the City Corporation in view of the historic Bengaluru Karaga Mahotsav.On this occasion, he inspected the Dharmaraya Swamy Temple and surrounding areas, and instructed officials of various departments to work in coordination to ensure that the Karaga mahotsav is conducted without any obstacles and to strive for its success.Measures taken by the Bengaluru Central City Corporation for the Karaga Mahotsav:Decorative Lighting The Corporation has arranged decorative lighting at Dharmaraya Swamy Temple and surrounding roads, junctions, GBA head office, the Sapta Matrika Temple within the head office premises, Corporation Circle, Mysore Bank Road, Town ...
๐—•๐—”๐—™ ๐—ช๐—ฒ๐—น๐—ฐ๐—ผ๐—บ๐—ฒ๐˜€ ๐— ๐—ผ๐˜ƒ๐—ฒ ๐˜๐—ผ ๐—œ๐—บ๐—ฝ๐—น๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—ž๐—”๐—ข๐— ๐—” ๐—”๐—ฐ๐˜ ๐—ง๐—ต๐—ฟ๐—ผ๐˜‚๐—ด๐—ต ๐—ข๐—ฟ๐—ฑ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ, ๐—จ๐—ฟ๐—ด๐—ฒ๐˜€ ๐—ฆ๐˜„๐—ถ๐—ณ๐˜ ๐—ฅ๐—ผ๐—น๐—น๐—ผ๐˜‚๐˜.

๐—•๐—”๐—™ ๐—ช๐—ฒ๐—น๐—ฐ๐—ผ๐—บ๐—ฒ๐˜€ ๐— ๐—ผ๐˜ƒ๐—ฒ ๐˜๐—ผ ๐—œ๐—บ๐—ฝ๐—น๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—ž๐—”๐—ข๐— ๐—” ๐—”๐—ฐ๐˜ ๐—ง๐—ต๐—ฟ๐—ผ๐˜‚๐—ด๐—ต ๐—ข๐—ฟ๐—ฑ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ, ๐—จ๐—ฟ๐—ด๐—ฒ๐˜€ ๐—ฆ๐˜„๐—ถ๐—ณ๐˜ ๐—ฅ๐—ผ๐—น๐—น๐—ผ๐˜‚๐˜.

News, PROPERTY MATTERS
๐—•๐—ฒ๐—ป๐—ด๐—ฎ๐—น๐˜‚๐—ฟ๐˜‚, ๐— ๐—ฎ๐—ฟ๐—ฐ๐—ต 28: The ๐—•๐—ฒ๐—ป๐—ด๐—ฎ๐—น๐˜‚๐—ฟ๐˜‚ ๐—”๐—ฝ๐—ฎ๐—ฟ๐˜๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐—™๐—ฒ๐—ฑ๐—ฒ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป (๐—•๐—”๐—™) has welcomed the State Governmentโ€™s decision to ๐—ถ๐—บ๐—ฝ๐—น๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐˜๐—ต๐—ฒ ๐—ž๐—ฎ๐—ฟ๐—ป๐—ฎ๐˜๐—ฎ๐—ธ๐—ฎ ๐—”๐—ฝ๐—ฎ๐—ฟ๐˜๐—บ๐—ฒ๐—ป๐˜ ๐—ข๐˜„๐—ป๐—ฒ๐—ฟ๐˜€๐—ต๐—ถ๐—ฝ ๐—ฎ๐—ป๐—ฑ ๐— ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—”๐—ฐ๐˜ (๐—ž๐—”๐—ข๐— ) ๐˜๐—ต๐—ฟ๐—ผ๐˜‚๐—ด๐—ต ๐—ฎ๐—ป ๐—ผ๐—ฟ๐—ฑ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ, following an assurance by ๐——๐—ฒ๐—ฝ๐˜‚๐˜๐˜† ๐—–๐—ต๐—ถ๐—ฒ๐—ณ ๐— ๐—ถ๐—ป๐—ถ๐˜€๐˜๐—ฒ๐—ฟ ๐——.๐—ž. ๐—ฆ๐—ต๐—ถ๐˜ƒ๐—ฎ๐—ธ๐˜‚๐—บ๐—ฎ๐—ฟ on the final day of the budget session in the Legislative Assembly.Issuing a statement, ๐—•๐—”๐—™ ๐—ฃ๐—ฟ๐—ฒ๐˜€๐—ถ๐—ฑ๐—ฒ๐—ป๐˜ ๐—ฆ๐—ฎ๐˜๐—ถ๐˜€๐—ต ๐— ๐—ฎ๐—น๐—น๐˜†๐—ฎ said,ย  โ€œWe are indebted to the Deputy Chief Minister D.K. Shivakumar and leaders of all parties for bringing the KAOMA discussion to the forefront in the Karnataka Legislative Assembly. We also thank theย  Chief Minister and officials of the Urban Development and Parliamentary Affairs Departments for their sustained efforts over the years in shaping this crucial Act.โ€He added, โ€œThe KAOMA Act will bring ๐—ด๐—ฟ๐—ฒ๐—ฎ...
Golden Growth Fund acquires land parcel in South Delhiโ€™s Gulmohar Park; eyes Rs 100 crore revenue.

Golden Growth Fund acquires land parcel in South Delhiโ€™s Gulmohar Park; eyes Rs 100 crore revenue.

Business & Finance, News, PROPERTY MATTERS
With total built-up area of approx. 20,000 sq. ft., the project will have 4 ultra-luxury independent floors with state-of-the-art amenitiessNew Delhi, March 30, 2026: Golden Growth Fund (GGF), a category II real estate focused Alternative Investment Fund (AIF) designed for South Delhi, today announced the acquisition of a prime land parcel at Gulmohar Park in South Delhi. The company plans to develop ultra-luxury independent floors on this land parcel with estimated revenue potential of approx. Rs 100 crore, further strengthening its presence in the posh and end-use driven South Delhi market.This is the Fundโ€™s third acquisition in South Delhi since its launch in September 2024 after Anand Niketan and Neeti Bagh where construction is on in full swing.Gulmohar Park is one of Sout...
Housing Sales fall below 1L unit mark after 18 quarters; down 13% YoY and 6% QoQ in Q1 2026 .

Housing Sales fall below 1L unit mark after 18 quarters; down 13% YoY and 6% QoQ in Q1 2026 .

Business & Finance, News, PROPERTY MATTERS
Bengaluru emerges as a realty hotspot as the city, for the first time, records the highest sales and supply among top 9 cities.Delhi-NCR recorded the highest growth in sales and supply amongst top 9 cities.National, March 30, 2026: The housing sales in Indiaโ€™s top 9 cities continued to decline in Q1 (January-March) 2026, falling below the 1 lakh unit mark after 18 quarters, owing to fewer supply across most major cities.According to NSE-listed real estate data analytics company PropEquity, housing sales fell by 13% YoY and 6% QoQ to 98,761 units while launches fell by 19% YoY and 8% QoQ to 92,411 units in January-March 2026.Bengaluru, with sales of 17,991 units, emerged as the highest selling market. The city recorded 16% QoQ and 3% YoY growth.Delhi-NCR with 12,141 un...
Holcim completes acquisition of majority stake in Cementos Pacasmayo.

Holcim completes acquisition of majority stake in Cementos Pacasmayo.

Business & Finance
Acquisition is a milestone in Holcimโ€™s Latin America expansion, bringing a complementary portfolio of building materials and solutions in Peru Cementos Pacasmayo reported 2025 net sales of USD 630 million and an adjusted EBITDA margin of 28% Transaction value implies 7.1x EBITDA multiple after expected run-rate synergies of around USD 40 million in year three; EPS accretive in year one Zug | 30 March 2026-Holcim has completed the acquisition of a majority stake in Cementos Pacasmayo, a leading Peruvian producer of building materials with reported 2025 net sales of USD 630 million and an adjusted EBITDA margin of 28%. The synergistic acquisition expands Holcim's portfolio of building materials and solutions in Peru and is expected to accelerate profitable growth in the highly a...
Orient Electric Launches India’s First Oxygen-Enriching Fan Aero O2.

Orient Electric Launches India’s First Oxygen-Enriching Fan Aero O2.

Architecture, Home Improvement, Lifestyle, News
Tuesday, Mar 31, 2026 17:03:06 | Orient ElectricAero O2 restores up to 90% oxygen, detoxifies, and revitalizes homes New Delhi,India โ€“ Business Wire India- Orient Electric Limited, part of the USD 3 billion CKA Birla Group, today unveiled Aero O2, a first-of-its-kind lifestyle innovation that evolves the ceiling fan from simple air movement to active air revitalization. Powered by patented Bio-Oxy Plasma ION+ Technology, Aero O2 is Indiaโ€™s first oxygen-enriching fan designed to create a fresher, more energizing indoor atmosphere for modern urban homes. Urban consumers today spend more time indoors than ever before, often in enclosed, air-conditioned spaces where the air can feel heavy. Clubbed with challenges of urban deforestation and plummeting air quality, this presents a healt...
Luxury Is Moving Inward: Tier 2 Cities Lead India’s Aspirational Housing Shift.

Luxury Is Moving Inward: Tier 2 Cities Lead India’s Aspirational Housing Shift.

News
New Delhi,India,Mar 28, 2026 11:35 ISTFor years, the narrative of luxury housing in India has been defined by an aspirational drift toward metropolitan skylines. That axis is now reversing. Tier 2 cities are no longer only shedding their status of being merely โ€˜emergingโ€™ to reveal themselves to be self-sustaining ecosystems of high aspirations where luxury is no longer merely an import, but an inherent attribute of their very fabric.Luxury living takes root in emerging cities, where modern residences, green spaces, and community-driven design reflect evolving aspirations and local prosperityThe fulcrum has shifted from salary-driven wealth to enterprise-driven prosperity, with family-owned businesses reaching unprecedented heights, startup success achieving signif...
Dulux Weathershield brings a ‘Colourful and Powerful’ Holi to Consumer Doorsteps with Blinkit.

Dulux Weathershield brings a ‘Colourful and Powerful’ Holi to Consumer Doorsteps with Blinkit.

Architecture, News
Mini Paint-buckets deliver Maximum Impact Gurgaon, Haryana, India (NewsVoir)ย ย ย ย  Friday, Mar 27, 2026 17:03:32 This Holi, Dulux brought alive the core promise of its flagship exterior paint brand Dulux Weathershield - โ€œItโ€™s Colourful. Itโ€™s Powerfulโ€ to life through a playful campaign. Building on its earlier campaigns showcasing performance in extreme climates such as the scorching +50ยฐC heat ofย Jodhpurย and the freezing โ€“30ยฐC temperatures ofย Spiti Valley, the brand created a festive โ€˜Colourful and Powerfulโ€™ Holi activation. As part of theย โ€œColourful & Powerful Holiโ€ย campaign, Dulux Weathershield collaborated with Blinkit to surprise consumers in select cities. During the Holi period, some Blinkit orders included a complimentary gulal packed inside adorableย miniatureย Dulux Weathersh...
Puravankara unveils portfolio of 30 projects across South India and Mumbai with a GDV of over Rs 55,000 crores in the next 24 months.

Puravankara unveils portfolio of 30 projects across South India and Mumbai with a GDV of over Rs 55,000 crores in the next 24 months.

News
Reinforces sustainability commitment with pledge to plant 1 million trees by 2030 under the World Economic Forumโ€™s 1t.org initiativeBengaluru: Puravankara Limited (NSE: PURVA | BSE: 532891), one of Indiaโ€™s most trusted and admired real estate developers, today announced its plans to unveil 30 projects over the next 24 months, primarily across South India and Mumbai. The planned pipeline comprises nearly 51.14 million sq. ft. of developable area, with an estimated Gross Development Value (GDV) of over Rs 55,000 crores, marking a significant step-up in the companyโ€™s growth trajectory. Out of the 30 projects, a significant number are already in the approval stage, while the remaining are in the design stage, with approvals set to be initiated shortly.This next phase of expansion refle...