Business & Finance – Property World Global

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...

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 millio...

Aug52024 by FWMNo Comments

Brigade achieved Pre-Sales of ₹1086 Crores with the sales volume of 1.15 Mn Sft

Business & Finance, News

Bengaluru, August 5 , 2024: Brigade Group reported a total revenue of ₹ 1,113 Crores and Profit After Tax of ₹ 81 Crores in Q1 FY25. Pre-sales bookings in the real estate segment of Q1 FY25 stood at 1.15 Mn. Sft, with a sale value of ₹1086 Crores. Average realisation stood at ₹ 9,483 per Sft. "Real estate segment continued to be the primary driver of our growth, while other segments made healthy contributions. We believe that our diverse portfolio will help us capitalize on emerging opportunities. We will be holding the 17th edition of our annual event Brigade Showcase from the 9th to 11th August 2024. With the focus largely on sustainability, visitors can expect to learn about our eco-friendly practices, energy-efficient designs, and commitment to creating sustainable living spac...

Aug52024 by FWMNo Comments

Brigade Group Signs Agreement for a New Office Space on Airport Road, Bangalore.

Business & Finance, News

Bengaluru, August 5, 2024: Brigade Group, through its wholly owned subsidiary, Brigade Tetrarch Private Limited, has entered into a Limited Liability Partnership (LLP) agreement to develop a 1.4 million square feet leasable office space. The proposed commercial development is expected to generate an annual lease income close to Rs. 100 Crores per year, with an investment of close to Rs. 750 Crores. “This project reflects our commitment to develop world-class, sustainable commercial spaces, with amenities that will cater to the new age workforce as well as the dynamic needs of businesses. We are confident that this development will set new benchmarks in the office segment and contribute significantly to the economic growth of North Bangalore,” said Nirupa Shankar, Joint Managing Dire...

Jul292024 by FWMNo Comments

Wonderla recorded Second-highest Quarterly Revenue since Inception, Rs.177.47 crores. Surpassed 1 Million Footfalls

Business & Finance, News

Bengaluru - 29th July 2024: Wonderla Holidays Limited, India’s largest and premier amusement park chain, has announced its financial results for the first quarter of the financial year ended June 30, 2024. Highlights: Second highest ever quarterly Revenue and EBITDA since inception. Bangalore Park recorded 3.58 lakhs footfalls, Kochi Park recorded 2.75 lakhs footfalls and Hyderabad Park recorded 2.99 lakhs footfalls. Hyderabad Park recorded the highest-ever Revenue since inception. Kochi Park recorded the second-highest Revenue since inception. The fourth amusement park at Bhubaneswar has started commercial operations with effect from 24 May 2024. Bhubaneshwar Park recorded 0.70 lakhs footfalls. Recorded ARPU of Rs.1,680, a 3% growth YoY. Recorded SPH of Rs.442...

Jul172024 by FWMNo Comments

Celebrated Author Amish Tripathi Buys Big; Splurges ₹13.65 Crore on Luxury Apartment in Worli: Square Yards

Business & Finance

Mumbai, Maharashtra, 15th July, 2024 — Renowned author Amish Tripathi, acclaimed for his best-selling mythological fiction series including the Shiva Trilogy and the Ram Chandra series, has recently invested in a prestigious property in Mumbai's upscale Upper Worli suburb. According to property registration documents accessed and reviewed by SquareYards.com, Tripathi has secured this high-end residence for ₹13.65 crore. The newly acquired property, located in the prestigious World One project by the Lodha Group, spans approximately 251 square meters or 2,700 square feet (carpet area) and is a ready-to-move-in residence. According to SquareYards.com, the sale deed, finalised on July 4th this year, incurred a stamp duty worth ₹81.9 lakh and a transaction fee of ₹30,000. The property was s...

Jul162024 by FWMNo Comments

Vestian: 65% of office space in India is green-certified

Business & Finance, News

Delhi, 16th July 2024: Accessing any real estate company’s performance based on ESG becomes crucial as the real estate sector is the 2nd largest employer in India, accounting for 39% of carbon emissions. The government’s constant push to achieve net zero emissions by 2070 is likely to play a pivotal role in shaping the real estate market in India. As per Vestian Research, over 65% of Grade A office space across India's top 7 cities is green-certified. Moreover, among 1,362 Grade A buildings, 805 (or 59%) boast of green certifications, highlighting India's growing commitment to sustainable construction. As India's office market attracts global occupiers, developers are increasingly prioritizing international certifications. This trend is reflected in the dominance of LEED certificatio...

Jul152024 by FWMNo Comments

Pay property tax arrears quickly through One Time Relief (OTS) Scheme: Tushar Giri Nath,Chief Commissioner,BBMP

Business & Finance, News

Chief Commissioner Mr. Tushar Giri Nath said that the One Time Relief Scheme (OTS) implemented for property tax arrears under BBMP will end on July 31 and citizens should take advantage of it immediately. Speaking to reporters after the review meeting held at the office of the Chief Commissioner of the corporation headquarters regarding various matters under BBMP, he said that about 4 lakh defaulters will come under the one-time relief scheme in the city. Out of this, 80,000 defaulters have taken advantage of this and paid the outstanding property tax so far. The remaining 3.20 lakh defaulters have only a chance till July 31 and they should take advantage of it immediately. Call 1533 Helpline Get Necessary Information About OTS: He said that if there are any other confusions, i...

Jul152024 by FWMNo Comments

Q2 2024: Received the Highest Institutional Investments in a Quarter Post-Pandemic, Dominated by Foreign Investors – Vestian

Business & Finance, News

New Delhi, 13th July 2024: The second quarter of 2024 witnessed institutional investments of USD 3.1 Bn, registering a sharp increase of 96% over the same quarter a year ago and 464% over the previous quarter. As the world economy is stabilizing amid geopolitical challenges, investors actively participated, resulting in the highest institutional investments in a quarter post the pandemic. Quarters Institutional Investments (USD Bn) Quarterly Change (%) Q2 2023 1.6 28% Q3 2023 0.7 -57% Q4 2023 0.8 18% Q1 2024 0.6 -31% Q2 2024 3.1 464% Source: Vestian Research Foreign investors accounted for the highest share, 71%, of the total investments received during the second quarter of 2024 as they flocked to India to capitalize on its robus...

Jul152024 by FWMNo Comments

Mumbai MMR sets new benchmark with average registered home sales value reaching ₹94 lakh in June quarter: Square Yards

Business & Finance, News

v Lodha Group Leads Among Top Developers with Highest Registered Home Sales Value, Birla Estates Climbs to Third Spot Mumbai, Maharashtra, July 15, 2024 – The Mumbai Metropolitan Region (MMR) has recorded an unprecedented surge in average registered home sales value in the second quarter of 2024, according to the latest report by Square Yards. The average registered home sales value basis the IGR data, analysed by Square Yards, reached a record-high of Rs. 94 lakh, reflecting a 10% YoY growth, despite a decrease in the total number of registered transactions in the region. In the June 2024 quarter, a total of 50,025 residential real estate transactions were registered across Mumbai MMR, amounting to a registered sales value of Rs. 46,833 crore. Although there was a 6% drop in the o...