Author: FWM

Jan162024 by FWMNo Comments

Karnataka Bank and Clix Capital Enter Into Co-Lending Partnership

Jan 16, 2024 19:15 IST PHOTOS BY P K ANANTH KUMARKarnataka Bank (KBL), a leading Private Sector Bank and Clix Capital, one of India’s fastest growing new-age NBFC have entered into a strategic digital co-lending partnership through Yubi Co.lend Platform.The agreement is in line with the Reserve Bank of India's guidelines on co-lending by banks and NBFCs to priority sectors. Private sector lender Karnataka Bank and non-banking finance company (NBFC) Clix Capital on Tuesday signed up for a strategic digital co-lending partnership through the platform Yubi Co.LendSpeaking on the collaboration Mr. Srikrishnan H Managing Director & CEO,Karnataka Bank said "Our Colending partnership with Clix Capital will focus on digital credit to MSMEs with superior product and service o...

Jan152024 by FWMNo Comments

India Sotheby’s International Realty appoints Saket Dalmia as President to lead the organization’s endeavours in India.

Business & Finance, News

New Delhi, 15th January 2024:India Sotheby’s International Realty today announced that Saket Dalmia has invested in the company and has joined the Board as President. With his extensive experience at PHD Chambers of Commerce, spearheading several initiatives such as Young Business Leader Forum and Start-Up20 Finance Task Force, Mr. Dalmia will now be an integral part of India Sotheby’s International Realty, as the company targets a sales transaction turnover of $1 bn in its 10th year of operation.“We are thrilled to announce the appointment of Mr. Saket Dalmia as President of India Sotheby's International Realty, where he will be instrumental in driving strategy, fostering growth, and identifying new business opportunities. With over two decades of experience running businesses...

Jan152024 by FWMNo Comments

Colliers India forays into Residential Services; appoints Ravi Shankar Singh as Managing Director, Residential Transaction Services, India

Business & Finance, News

Gurgaon, 15th January 2024: Leading diversified real estate professional services firm, Colliers India, ventures into the residential business. Having established a firm footing over the past few years in office services, project management, valuations & advisory services, capital markets and facilities management, among other businesses, the firm has now announced its expansion into the residential space.Ravi Shankar Singh has been appointed to lead the business as the Managing Director for Colliers’ Residential Transaction Services in India. Boasting over two decades of experience, Ravi is no stranger to the real estate industry. With professional stints at top real estate firms, he is adept in a broad spectrum of real estate capabilities, including residential transactions, ...

Jan142024 by FWMNo Comments

Asian Paints Along with St+art India Foundation Infuse Touch into ‘Art’ via Project Sparsh at Rajasthan Netraheen Kalyan Sangh School, Jaipur

Architecture, Home Improvement, News

Friday, Jan 12, 2024 10:30:26 | Inspiring and enriching young minds with the transformative power of tactile artwork there by making ‘Art’ accessible to allMumbai | Jaipur, India (NewsVoir) Art connects people through thoughts & feelings you cannot express. While a majority of art is visually captivating, pieces that bring the beauty and joy of art to people who are not able to experience it visually, are rare. This very concept of tangible art gave rise to Project Sparsh, an initiative launched by Asian Paints and St+art. Sparsh aims to bring the magic of art to visually impaired children, letting them experience it from an entirely new perspective. https://youtu.be/44WHWtRMVNU Rajasthan Netraheen Kalyan Sangh is a school in Jaipur that has been transforming the liv...

Jan122024 by FWMNo Comments

PM inaugurates Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu in Navi Mumbai

Architecture, World

Built at cost of about Rs 17,840 crores, Atal Setu is the longest bridge in India and also the longest sea bridge in the country12 JAN 2024 7:19PM by PIB DelhiThe Prime Minister, Narendra Modi inaugurated Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu in Navi Mumbai today. Modi took a walkthrough of the photo gallery and a showcase model of Atal Setu.MTHL Atal Setu has been constructed at the cost of more than Rs 17,840 crores and is about a 21.8 km long 6-lane bridge having about 16.5 km length over the sea and about 5.5 km on the land.The Prime Minister was accompanied by the Governor of Maharashtra, Ramesh Bais, Chief Minister of Maharashtra, Eknath Shinde and Deputy Chief Ministers of Maharashtra, Devendra Fadnavis and Ajit Pawar.Atal Bihari Vajpayee Se...

Jan122024 by FWMNo Comments

Property Finder’s Zingat joins forces with Hepsiemlak, a Doğan Holding company in Türkiye

Business & Finance

The strategic partnership exemplifies Property Finder’s confidence in the Turkish market’s long-term potential, as part of its vision to expand market share in the MENAT region. The merger between Property Finder’s Zingat and Hepsiemlak, seeks to strengthen Türkiye’s real estate ecosystem with better opportunities for all stakeholders and customers.Dubai, United Arab Emirates, 11 January 2024: Property Finder, the leading property portal in the Middle East and North Africa (MENA), has announced its latest partnership with Hepsiemlak, a Doğan Holding company in Türkiye, under its local subsidiary - Zingat.As part of this important consolidation for the sector, Property Finder will become a minority partner in Hepsiemlak, and provide advisory on best practices from its years of ex...

Jan122024 by FWMNo Comments

Institutional investments from domestic investors in realty sector jump 120pc in 2023 to USD 1.5bn: Vestian

Business & Finance

New Delhi, 11th Jan: Institutional investments in the real estate sector from domestic investors more than doubled to USD 1.5 billion in 2023, according to Vestian latest report.The inflow of funds from domestic investors stood at USD 1511 million (USD 1.5 billion) last year, registering a remarkable growth of 120 per cent from USD 687 million in the 2022 calendar year. The share of domestic investors increased to 35% in 2023 from 14% in 2022 amid global headwinds.On the other hand, the share of foreign investors shrunk over the previous year on account of the macroeconomic slowdown. While foreign investors continued to dominate investments with 65% share in 2023, their share reduced from 79% a year earlier. Nearly 72% of the foreign investments were concentrated in commercial asse...

Jan122024 by FWMNo Comments

India’s Retail Inflation 5.69 per cent in December 2023

Business & Finance

CONSUMER PRICE INDEX NUMBERS ON BASE 2012=100 FOR RURAL, URBAN AND COMBINED FOR THE MONTH OF DECEMBER 202312 JAN 2024 5:30PM by PIB DelhiThe National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) is releasing All India Consumer Price Index (CPI) on Base 2012=100 and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for the month of December 2023 (Provisional) in this press note. CPIs for Sub-Groups and Groups for both All India and all States/UTs are also being released.The price data are collected from selected 1114 urban Markets and 1181 villages covering all States/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster. During the month of December...

Jan122024 by FWMNo Comments

Hyderabad registers residential sales of Rs 9497 crores in Oct-Dec quarter; Aparna Construction and Sumadhura Infracon lead in volume and units sold

Business & Finance

Hyderabad, 12th Jan, 2023: In a robust display of economic activity, Hyderabad witnessed a surge in residential sales, recording an impressive 16,808 transactions in Q4, 2023 amounting to a substantial Rs 9497 crores, according to IGR data sourced by Square Yards.Top Developer - Hyderabad (Q4' 2023) - Primary Developer Name Total Sale Value in Cr. No. of Transaction1 Aparna Constructions And Estates 510 6212 Sumadhura Infracon 196 1453 Myscape Properties 153 1154 BSCPL Infrastructure 126 1045 Cyber City Builders and Developers 122 1066 Candeur Developers And Builders 113 1267 Incor Infrastructure 107 908 DSR SSC Builders And Developers 101 499 Sri Aditya Homes 96 5810 Koncept Ambience ...

Jan102024 by FWMNo Comments

About 400-460 mn sq ft of existing Grade A office stock hold investment potential for environmental recalibration

Others

Relatively older buildings (>10 years) of about 300-350 mn sq ft need major overhaul, presenting around INR 360 bn retrofitting potentialRelatively newer buildings (≤10 years) of about 95-110 mn sq ft need minimal capex, presenting INR 20-30 bn E-upgrade potential E-upgrade of existing buildings results in 3-4X net cashflow benefit for developers over remaining asset life Upcoming Grade A office supply of about 160-190 mn sq ft in next three years likely to incorporate sustainable elements from Day-1Bangalore, 10th January 2024:With growing adoption of sustainable elements led by multitude of tangible as well as intangible benefits, existing environmentally non-compliant office stock offers an opportunity to be either E-upgraded or retrofitted. The Colliers' report,...