Author: FWM

Aug292024 by FWMNo Comments

Urban Vault Leases 1,00,000 Square Feet of Prime Office Space in Brigade Summit, Whitefield, Bengaluru

The new facility, offers more than 2,000 desks. The cost per seat will start at around Rs 9,000 per month.Bengaluru August 29, 2024: Managed co-working firm Urban Vault has leased 100,000 square feet of prime office space at Brigade Summit, one of the iconic mixed-use projects by Brigade Group, in Whitefield, Bengaluru. This move aims to expand its business and meet the rising demand for managed workspaces.With this leasing transaction, Urban Vault—a self-funded, bottom-line-driven company that provides managed workspace solutions to corporates—has entered the Whitefield area. Whitefield is a key residential and commercial hub with modern infrastructure, hosting many tech companies, shopping malls, and entertainment options, making it a popular choice for both corporates and profes...

Aug252024 by FWMNo Comments

Stable home loan interest rates keep house purchase affordability supportive in H1 2024: Knight Frank India

News

Ahmedabad, Pune and Kolkata are the most affordable markets Mumbai is the only city above the affordability thresholdMumbai, August 07, 2024: Knight Frank India, in its proprietary report, Affordability Index, cited that home affordability has remained stable in H1 2024 (January to June 2024) as interest rates have stayed steady since the end of 2023. According to the Affordability Index, Ahmedabad is the most affordable housing market among the top eight cities, with a ratio of 21%, followed by Pune and Kolkata at 24% each. Mumbai was the only city that remained marginally higher than the threshold at 51%.Knight Frank India's Affordability Index, which tracks the EMI (Equated Monthly Instalment) to income ratio for an average household, witnessed steady improvement from 2010 to...

Aug252024 by FWMNo Comments

Signature Global Q1 FY25 Revenue grows 135% YoY to INR 4 billion

News

Signature Global Q1-FY25 pre-sales grew 255% to INR 31.2 billion; collections rose 102% to INR 12.1 billionConsolidated Net Profit for Q1 FY25 stood at 0.07 billionagainst loss of 0.07 billion in Q1 FY24 Company’s Gross Profit Margin for Q1 stood at 28%, against 34% in Q1 FY24New Delhi, August 7th, 2024: Signature Global (BSE: 543990 | NSE: SIGNATURE), amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, reported revenue growth of 135% to INR 4.0 billion compared to INR 1.7 billion in Q1 FY24. The Company’s net profit for the first quarter stood at INR 0.07 billion as against loss of INR 0.07 billion in Q1 FY24. For the quarter, the Company achieved pre-sales of INR 31.2 billion in Q1 FY25 with year on year growth of 255%....

Aug252024 by FWMNo Comments

Mumbai records the 2nd highest price rise in Q2 2024 on Prime Global Cities Index: Knight Frank

News

New Delhi and Bengaluru record significant growth in prime residential properties Average annual prices rose 2.6% across the 44 residential markets Manila leads the Prime Global Cities index with 26% YoY growthMumbai, August 23, 2024: Knight Frank, the leading international property consultancy, in its recent report ‘Prime Global Cities Index Q2 2024’ noted that key residential markets of Mumbai, New Delhi and Bengaluru recorded a rise in their average annual prices of prime residential properties. Mumbai recorded a significant increase on the international index ranking second in terms of annual price growth, as a reflection of the surge in residential demand in the city, especially for prime properties. A similar trend was observed in New Delhi and Bengaluru, which also recorde...

Aug202024 by FWMNo Comments

IKEA India Makes Bold Leap Towards Sustainability with 100% EV Deliveries across Bangalore, Hyderabad and Pune

Architecture, Home Improvement, LIFE & ARTS, Lifestyle, News

Mumbai to reach carbon-free goal in a few months. IKEA to launch all future markets with an EV-first approach and is piloting same day delivery in HyderabadIndia, 20th August 2024 – IKEA, one of the world's most trusted home furnishings brand and an advocate of sustainable business, clocked its first big milestone in India with 100% EV-powered deliveries across Bangalore, Hyderabad, and Pune. Its Mumbai operations will soon join this wagon, and the company will enter all new markets with an EV-first approach; starting with Delhi NCR. IKEA is also piloting same day delivery in its birth city of Hyderabad and plans to scale it across all its markets in the coming year.This milestone demonstrates IKEA India’s steadfast commitment to a sustainable value chain. From commercial explorati...

Aug202024 by FWMNo Comments

Inventure Academy & Prestige Estates Projects Ltd (PEPL) partner with Government of Karnataka to transform more Government schools

Business & Finance, LIFE & ARTS, Lifestyle, News

Bengaluru, India, 20 August 2024:Inventure Academy, awarded School of Year all India by EducationWorld,, today announced a significant expansion of its partnership with the Government of Karnataka to adopt three more government schools. In collaboration with Prestige Estates Projects Ltd, this initiative aims to replicate and build on the transformative impact achieved at Ramagondanahalli Government School (RGHalli), which Inventure adopted in 2019.The newly adopted schools will benefit from Inventure’s proven model of comprehensive school development. This includes a robust focus on developing a meaningful and relevant vision that the community believes in, faculty recruitment and development, innovative curriculum and pedagogy, and the implementation of Inventure’s signature prog...

Aug122024 by FWMNo Comments

StayVista Offers Complimentary Stays to India’s Olympians, Rallying them to #TakeABreak After a Sensational Performance

News

Mumbai, Maharashtra, India Aug 10, 2024 13:15 ISTIndia’s largest villa rental brand is ready to host our Paris 2024 Olympics heroes for free vacations worth upto Rs. 50 lakhs. Once the games come to a close, StayVista wants to give them something they well and truly deserve after an exhilarating display: A Vacation. The brand is inviting our Olympics participants and their support system - family, friends, training staff or coaches who have made similar sacrifices. It is estimated that the complimentary stays could in the end be worth almost Rs. 50 lakhs.Olympics 2024 at Paris This #YouDeserveABreak initiative by StayVista comes on the heels of a proud and courageous effort by the Indian contingent in Paris. StayVista currently has 850+ villas in their portfolio ac...

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 Misses8 August 2024In 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 ...

Aug82024 by FWMNo Comments

“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...

Aug72024 by FWMNo Comments

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...