Business & Finance – Page 11 – Property World Global

Nov22023 by FWMNo Comments

Children’s Furniture Brand Smartsters Launches its First Brick and Mortar – a Store-in-store at the Iconic Crossword Bookstore

Architecture, Business & Finance, Lifestyle

Mumbai, Maharashtra, India Smartsters brings a child-like curiosity to Crosswords! Get ready, parents and children alike, for Smartsters’ first Shop-in-Shop experience at Crossword’s flagship store! Smartster’s brand launched its kid’s furniture in crossword Introducing Smartsters - A Wonderland of Imagination in the Heart of Mumbai! The enchanting world of children's literature is about to get even more magical as Kemps’ Corner Crossword proudly announces the grand opening of "Smartsters" a dedicated kids' furniture store, nestled within the hallowed aisles of the iconic bookstore. Smartster’s brand launched its kid’s furniture in crossword Smartsters’ Bikram Mittra, Head of Design, expressed his enthusiasm for the venture, stating, "We believe t...

Nov22023 by FWMNo Comments

Festive push to residential real estate momentum of 2023

Business & Finance, World

Last quarter invariably witnesses more than one-third of housing sales Homebuying in India fundamentally remains an emotive concept Repo rate movements affect individual preferences more than industry-wide trends Mumbai, India, 02 November 2023: Indian residential real estate market is typically an interplay of two fundamental factors. Market sentiment and the financial impact on buyers’ pockets have a tangible impact on home-buying decisions. Auspicious purchase periods and festive quarters have always underscored housing sector, even in periods of comparatively slower activity such as COVID-19 pandemic and NBFC sector lending crisis. The fourth quarter of October-December especially and festive offerings by developers and banks & financial institutions are quite synonymous...

Nov22023 by FWMNo Comments

Mumbai ranks 4th on Prime Global Cities Index in Q3 2023, showcasing impressive growth: Knight Frank

Business & Finance, World

Average annual prices rose 2.1% across the 46 markets Mumbai, New Delhi and Bengaluru witnessed YoY growth in prime residential prices in Q3 2023 Manila overtook Dubai and was ranked 1st in the index, with prime residential prices rising by 21.2% YoY in Q3 2023 Mumbai, 1st November 2023: Knight Frank, a leading international property consultancy, in its recent report ‘Prime Global Cities Index Q3 2023’ noted that Mumbai, Bengaluru and New Delhi, all the 3 Indian cities considered for the study recorded an increase in average annual prices of prime residential or luxury homes in Q3 2023. Mumbai recorded the 4th highest YoY growth in prime residential prices in Q3 2023. The 6.5% increase in prime residential prices has moved the city up by 18 places from 22nd rank in Q3 2022. Ne...

Nov22023 by FWMNo Comments

Property Finder reports record 81% YoY surge in transaction value in existing property market to AED 25.7 billion for October 2023

Business & Finance, News, World

Highlights: Overall, October 2023 witnessed 7,128 transactions worth AED 29.7 billion Transaction volume in the existing property segment grows by 36.8% to 5,602 Strong interest in furnished rental apartments continues DUBAI, UNITED ARAB EMIRATES, 02 November 2023: Property Finder, the leading property portal in the MENA region, has revealed key trends shaping Dubai’s dynamic property market in October 2023. The month saw 7,128 real estate transactions worth a total of AED 29.7 billion, recording a 17.46% increase in value compared to the same month last year. According to the latest data, 60% of property buyers were looking for an apartment, while 40% were interested in villas/townhouses. Meanwhile, in the rental market, around 82% of tenants were searching for apartments...

Nov12023 by FWMNo Comments

Mahindra Lifespaces and Axis Bank partner to provide Home loans for Green Homes

Business & Finance

Mahindra Lifespaces customers can avail loans at 0.25% lower rates for green projects. Bangalore, 1st November 2023: Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, today, announced its partnership with Axis Bank, one of the largest private sector banks in India. Through this partnership, all Mahindra Lifespaces customers can now avail home loans at a competitive interest rate, which is 0.25% less than the standard home loan rates. Emphasizing on the core values of this collaboration, the loan application and disbursal process will be seamless with reduced paperwork, to minimize paper wastage and ensure efficient document management. Through this partnership, both the entities aim to encourage customers t...

Oct262023 by FWMNo Comments

Embassy REIT Reports Strong Operating and Financial Results for 2Q FY2024

Business & Finance

: Delivers Record 2 Million Square Feet of Total Leases and Raises Leasing Guidance for FY2024 Thursday, October 26, 2023 5:11PM IST (11:41AM GMT) Bengaluru, Karnataka, India: Highest ever quarterly leasing of 2 msf across 25 deals including 7 new deals over 100k sf Strengthens partnership with large global tech occupier for ~600k sf office space at Embassy GolfLinks, Bengaluru Raises leasing guidance for FY2024 from a record 6.0 msf to 6.5 msf; On-track with FY2024 NOI and distribution guidance 90%+ occupancy levels across 50% of the REIT’s properties with Embassy 247 in Mumbai 100% occupied Delivers distributions of Rs 524 crores or Rs 5.53 per unit Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the ...

Oct252023 by FWMNo Comments

Managed Co-Working Player Urban Vault to Add 10,000 Seats in Bengaluru within This Quarter

Architecture, Business & Finance, News

With this new addition, Urban Vault's total inventory of managed co-working seats in Bengaluru will surge to an impressive 25,000 seats New seats to come up at prime locations in Sarjapur Road, Hebbal, Koramangala, and HSR Layout Urban Vault plans to enter markets in Delhi, Hyderabad, and Pune in the coming year Bengaluru, Oct 25, 2023— Urban Vault, one of the leading managed office space providers in India, on Monday announced the addition of 10,000 desks across major micro-markets of Bengaluru as part of the company's strategy to expand its portfolio to meet rising demand for flexible workspace. Founded in 2018, Urban Vault currently has 15,000 desks across 40 centres in Bengaluru. The total area under its portfolio is 10 lakh square feet. With this latest addition, Urba...

Oct192023 by FWMNo Comments

Wipro Announces Results for the Quarter-Ended September 30, 2023

Business & Finance

Large deal bookings reach $1.3 billion, an increase of 79% YoY and 6% QoQ Total bookings of $3.8 billion, mark a 6% YoY increase IT services segment EBIT increases 6% YoY. EPS increases 4.1% YoY Operating cash flows at 145% of net income https://youtu.be/NkWijU2qUoQ EAST BRUNSWICK, N.J. | BANGALORE, India – October 18, 2023: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter-ended September 30, 2023. Highlights of the Results Results for the Quarter ended September 30, 2023: 1. Gross revenue reached ₹225.2 billion ($2.7 billion1), a decrease of 0.1% YoY. 2. IT services segment revenue was at $2,713.3 million, a decrea...

Oct92023 by FWMNo Comments

Malabar Gold & Diamonds Wins Two Prestigious Awards in Jewellery Sector

Business & Finance

Oct 09, 2023 14:53 IST Mumbai, Maharashtra, India Malabar Gold & Diamonds, a leading global jewellery retail brand, has bagged two prestigious awards in the jewellery sector. The jeweller has won ‘The Bride’s Pride’ National Jewellery Award 2023, instituted by the All India Gems and Jewellery Domestic Council, for the best bridal diamond jewellery, and ‘Seventh Retail Jewellers Guild Award’ for the best diamond jewellery design. Malabar Gold & Diamonds’ western region head Fanzeem Ahamed received ‘The Bride’s Pride’ award from Bollywood star Shilpa Shetty in Mumbai Malabar Gold & Diamonds’ western region head Fanzeem Ahamed received ‘The Bride’s Pride’ award from Bollywood star Shilpa Shetty in Mumbai and northern region head Jishad N.K received the ...

Oct92023 by FWMNo Comments

IHG & K Raheja Sign for Two Hotels in Mumbai

Business & Finance

Mumbai, Maharashtra, India Intercontinental Hotels Group Signed Hotel Management Agreements with Nikhil K Raheja, MD - Saryu Properties & Hotels Private Limited for VOCO Mumbai Powai Hotel & Convention Centre with Vijayta Raheja, Director - Sphpl for Holiday Inn Express & Suites Both Set To Open In Powai, Mumbai IHG® Hotels & Resorts, one of the world’s leading hotel companies, has signed a management agreement with Saryu Properties & Hotels Pvt. Ltd. (Part of the K Raheja Group Family) to convert two hotels in Mumbai into VOCO Mumbai Powai Hotel & Convention Centre and Holiday Inn Express & Suites - Mumbai Powai. From left to right - Vijayta Raheja - Director & Spokeswoman of SPHPL, Nikhil K Raheja - MD - SPHPL (Part of K Raheja Family G...