Business & Finance – Property World Global

Jun12025 by FWMNo Comments

Puravankara Closes FY25 with Rs 3,937 Cr Collections, Up 9% YoY; Enters Golden Jubilee Year

Saturday, May 31, 2025 10:05:03- Bengaluru: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s most trusted and admired real estate developers, announced its results for the quarter ending March 31, 2025, and consolidated results for FY25. The year was marked by continued expansion across strategic markets, disciplined capital allocation, and laying the groundwork for future growth. In Q4FY25, Pre-sales stood at Rs 1,282 crore, driven by a sales volume of 1.42 million square feet and healthy collections of Rs 946 crore. Total revenue for the quarter stood at Rs 564 crore. For FY25, the company achieved robust pre-sales of Rs 5,006 crore, with a sales volume of 5.67 million square feet and a 10% year-on-year increase in sales realisation to Rs 8,830 per square foot. Co...

May162025 by FWMNo Comments

How Much Does a ₹1 Crore Term Insurance Plan Cost in 2025?

Business & Finance

Friday, May 16, 2025 18:05:07 New Delhi [India], May 16: Term insurance is a very simple and effective way of securing your family's financial security in case of an unforeseen event. With growing living expenses and a growing lifestyle, an ₹1 crore term insurance policy has become a favourite for those evaluating a high-flying financial pillow. But how much does such a cover cost in 202,5 and how is the price determined? Let's dig deeper to form a better scenario. What Is Term Insurance? Term insurance is life insurance that allows for payment of premiums for a specific term or term. On the death of the insured person within the term, then the amount assured is awarded to the nominee in order to help them obtain money during a difficult time. Term insurance is free from the matur...

May152025 by FWMNo Comments

Opening of Online Portal for The Fourth Round of Registration for New Sainik Schools Under Partnership Mode

Business & Finance

15 MAY 2025 6:34PM by PIB Delhi Ministry of Defence has opened an online web portal (https://sainikschoolsociety.in) for the registration of eligible and interested applicant schools, effective from May 15, 2025 to June 14, 2025, as part of Government’s initiative of setting up of 100 New Sainik Schools in partnership with State Government/NGOs/Private Sector under the Sainik School Society. Interested Schools/Trusts/NGOs etc may visit the web portal for registration and seize this opportunity. Government of India's vision of setting up of 100 New Sainik Schools is not only to provide quality education to the students in tune with National Education Policy and give them better career opportunities including joining the Armed Forces but also to provide an opportunity to the State Gove...

Apr302025 by FWMNo Comments

Lena Julle: Inter IKEA Group’s new Chief Sustainability Officer

Business & Finance, World

30 April 2025- Lena Julle will take on the role as Inter IKEA Group’s Chief Sustainability Officer, effective 1 May, 2025. Lena has been serving as the Acting CSO since September 2024, while also being the Sustainability Manager at IKEA Range, leading and contributing to the development of sustainable products and solutions for IKEA customers around the world to enable healthy, affordable and low-impact everyday life. With over 30 years experience at IKEA, Lena has been instrumental in advancing the IKEA climate, circularity and the overall sustainability agenda. “The IKEA goal – to be more affordable, accessible, and sustainable, especially for those with limited budgets – resonates deeply with me since I began my journey at IKEA. Creating smart, well-designed, functional products...

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 FY25 The 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 2025-26 Introduction The 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...

Mar312025 by FWMNo Comments

Dalmia Bharat achieves its target of 49.5 MTPA production capacity by FY25

Business & Finance, News

Commences Commercial Production of additional capacity at its Rohtas Plant in Bihar to support growing demand in the East Bengaluru, 31st March 2025 : Dalmia Bharat Limited (DBL), India’s leading cement company, has achieved its target of 49.5MTPA for FY25 with the commencement of commercial production of an additional 0.5 MTPA at its Rohtas Cement Works (RCW) plant in Bihar effective 30th March 2025. This strategic expansion with an investment of Rs. 96 crores at the existing integrated unit increases the plant’s total capacity to 1.6 MTPA. The commissioning of Line 2 reinforces DBL’s commitment to strengthening its market presence in the Eastern region and aligns with its long-term vision of scaling capacity to 110-130 MTPA by 2031. Commenting on the expansion, Mr. Puneet Dalmia...

Mar312025 by FWMNo Comments

Bennett Coleman And Company Limited (The Times of India Group) Acquires Four Commercial Spaces in Mumbai for a total of Rs. 262 Crore: Square Yards

Business & Finance, PROPERTY MATTERS

Mar 28, 2025 Bennett Coleman And Company Limited (The Times of India Group) has acquiring four commercial spaces in Santacruz East, Mumbai. The total transaction value across these deals amounts to Rs. 261.9 crore, according to property registration documents reviewed by Square Yards on the website of the Inspector General of Registration (IGR) https://igrmaharashtra.gov.in. All the four transactions were officially registered in March 2025. Santacruz East, strategically located in Mumbai’s western suburbs, is a sought-after commercial destination due to its proximity to key business districts such as Bandra Kurla Complex (BKC) and seamless connectivity via the Western Express Highway, Santacruz railway station, and the Mumbai Metro. The area is known for its commercial complexes, co...