Business & Finance – Page 4 – Property World Global

Jul102024 by FWMNo Comments

“CII Karnataka Real Estate Conclave 2024 spotlights on Inclusive, Sustainable and Integrated Urban Excellence”

Bengaluru, 10 July 2024: CII Karnataka organized the 1st edition of the CII Karnataka Real Estate Conclave 2024 “Karnataka Horizon: Navigating Real Estate Excellence in the South” today at Bengaluru. The conclave took up key themes of sustainable urban development, the pivotal role of connectivity in urban growth, unlocking Karnataka's real estate potential through future mobility, the impact of ESG considerations on real estate development, and innovative investments in Karnataka's real estate through smart living and integrated townships, as the State continues to remain a beacon and hub for industrial activity. "Completing Phase 2 of Bengaluru's Yellow Line metro network, by end of this year marks a pivotal step toward enhancing urban mobility. We are anticipating a significant increa...

Jul72024 by FWMNo Comments

Brigade Secures JDA for Prime 8Acres in West Bengaluru, Facilitated by Knight Frank India

Business & Finance, News

Development potential of 1.2 mn sq ft residential property valued at INR 1,100 crore Bengaluru 06 July 2024: Knight Frank India, a leading international real estate consultancy, has successfully facilitated a Joint Development Agreement (JDA) for a land parcel of approximately 8 acres located in the West Bengaluru micro-market. Knight Frank represented Brigade Enterprise Limited (BEL), which is considering this land for residential development project of up to 1.2 million square feet. The land is strategically located, benefiting from both transit and social infrastructure, with projected sales of INR 1,100 crore. Commenting on this, Ms. Pavithra Shankar, Managing Director of Brigade Enterprise Limited, said, “This project will be significant for the West Bengaluru micro market, and...

Jul72024 by FWMNo Comments

“13th edition of Bengaluru INDIA NANO” Launched Event to be held from August 1-3, 2024

Business & Finance

Focal theme of the event is Nanotechnology for Sustainability: Climate, Energy, and Healthcare The event is expected to attract 25+ Sessions, 75+ Speakers, 700+ Delegates, 6+ GIA Countries, 50+ Exhibitors, 175+ Posters, 3500+ Attendees Bengaluru, 2ndJuly 2024:The “13th edition of Bengaluru INDIA NANO”, India’s flagship event in the Nanotech sector, has been officially announced today by N. S. Boseraju, Hon'ble Minister of Minor Irrigation and Science & Technology, Government of Karnataka at a curtain raiser programme held in Bengaluru. The three-day event is set to take place from August 1st – 3rd, 2024 at TheLalit, Bengaluru. The event is organized by the Dept. of Science & Technology, Government of Karnataka, Karnataka Science & Technology Promotion Society (KSTePS) a...

Jul52024 by FWMNo Comments

M3M Leases 220,000 Sq. ft. to Flexible Workspace Provider Incuspaze in Gurugram

Business & Finance, News

Gurugram, Haryana, India Jul 04, 2024 16:19 IST Leading real estate developer M3M has leased 220,000 sq. ft. in Gurgaon’s to Flexible workspace provider Incuspaze in their boutique office project - M3M Urbana Premium on the Golf Course Extension Road, people aware of the deal said. M3M leases 220,000 sq. ft. to flexible workspace provider Incuspaze at M3M Urbana Premium, Gurugram “M3M is looking at Office leasing as a major drive this year and aims to lease 20 lakh sq. ft. of Grade-A office space in the most sought-after locations in Gurugram. As part of this focus, we have signed a mega deal with Incuspaze - a leading flexible workspace provider where 2,20,000 sq. ft. space has been provided on lease to them,” said Sudeep Bhatt, President M3M. In a major strate...

Jul42024 by FWMNo Comments

Capri Loans to expand its Footprint with “70 Micro-LAP Branches” Across 6 States in FY25

Business & Finance

Bengaluru, 3rd July 2024 : Capri Loans, a leading non-banking financial company, is set to expand its footprint by opening 70 Micro-Loan Against Property (LAP) branches across six states in the fiscal year 2025. This growth strategy targets regions in southern India, including Andhra Pradesh, Telangana and in northern states like Madhya Pradesh, Gujarat, Rajasthan, and Uttar Pradesh. The company plans to onboard approximately 550 skilled professionals, to ensure effective customer service in these branches. As part of this expansion, Capri Loans recently inaugurated two new micro-LAP branches in Bhopal region. This initiative aims to provide secure, small-ticket loans against property to self-employed individuals and business owners in the region. The average ticket size for micro-LAP is ...

Jun252024 by FWMNo Comments

Prices of under-construction projects increase 15.2% QoQ across top 13 cities: Magicbricks Propindex Report (April-June 2024)

Business & Finance, News

Supply of Under construction properties increased 11.72% QoQ Aggregate residential demand increased 4.6% QoQ, supply increased 3.5% QoQ and prices increased 4% QoQ across the 13 cities Bengaluru, 25th June 2024 : Between April and June 2024, residential supply witnessed the highest growth rate in the last 24 months, driven by the increasing availability of under-construction properties, shared the recently published PropIndex Report (April-June 2024) by Magicbricks, India’s leading real estate platform. According to the report, the supply of under-construction properties has increased by 11.7% QoQ, whileprices have risen by 15.2% QoQ between April-June 2024. This surge has resulted in prices of under-construction properties surpassing those of ready-to-move properties in several c...

Jun162024 by FWMNo Comments

Stanley Lifestyles Limited’s Initial Public Offering to open on Friday, June 21, 2024, price band set at ₹351/- to ₹369/- per Equity Share

Business & Finance

Mumbai, June 16 2024: Bengaluru-based, Stanley Lifestyles Ltd, the country’s largest super-premium and luxury furniture brand, has fixed the price band of ₹351/- to ₹369/- per Equity Share of face value ₹2/- each for its maiden initial public offer. The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Friday, June 21, 2024, for subscription and close on Tuesday, June 25, 2024. Investors can bid for a minimum of 40 Equity Shares and in multiples of 40 Equity Shares thereafter. The IPO consists of fresh issue of up to Rs 200 crore and an offer for sale (OFS) of up to 9.13 million by Promoter and Investor Selling Shareholders. As of December 31, 2023, company has offered our customers an opportunity to select products across multiple catalogues, designs, configuratio...

Jun112024 by FWMNo Comments

Landmark Group: Creating Realty Landmarks While Creating Value for End-users & Stakeholders

Business & Finance

Gurugram, Haryana, India Jun 10, 2024 16:53 IST Landmark Group, a real estate developer known for creating landmark structures, has made a name that has emerged as a synonym of trust and innovation. Established in 1992 by Sandeep Chhillar, the Landmark Group started as an IT company. Soon, the company, witnessing the rapidly transforming NCR's realty landscape, ventured into this field and did not look back. As the company constructed one project after another and expanded its footprint in Gurgaon, Faridabad, and Dharuhera micro-markets, the emergence of construction quality and customer's first approach was acknowledged by the end users. At present, Landmark's diverse real estate portfolio includes townships, villa complexes, group housing, and mixed-use retail spaces like Landmark...

Jun112024 by FWMNo Comments

Cushman & Wakefield Recognised as Leading Commercial Real Estate Firm at Asia Pacific Property Awards 2024

Business & Finance

Tuesday, June 11, 2024 1:53PM IST (8:23AM Gurugram, Haryana, India: Cushman & Wakefield, one of the largest and the fastest growing real estate services firm in India, has been awarded two prestigious accolades at the Asia Pacific Property Awards 2024. This marks the fourth time and the third consecutive year that the company has been recognised for its expertise and leadership in India’s commercial real estate sector. Best Property Agency/Consultancy India – Five Star Award Real Estate Agency Single Office – Bengaluru – Award Winner Commenting on the wins, Mr. Anshul Jain, Chief Executive, India & SE Asia & APAC Tenant Representation, Cushman & Wakefield, said, "We are honoured to be recognized as the Best Property Consultancy in India at the Asia Pacific...

Jun102024 by FWMNo Comments

Blackstone Completes Acquisition of Tropical Smoothie Cafe

Business & Finance

Atlanta, GA and New York, NY – June 10, 2024 – Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone (“Blackstone”) have completed the acquisition of Tropical Smoothie Cafe, a leading franchisor of fast casual restaurants, from Levine Leichtman Capital Partners. This marks the first transaction in Blackstone’s most recent vintage of its flagship private equity vehicle. “Tropical Smoothie Cafe is a nationally recognized brand with an impressive growth trajectory underpinned by a base of loyal franchisees and guests,” said Peter Wallace, a Senior Managing Director, and Michael Staub, a Managing Director, in Blackstone’s Private Equity business. “With Blackstone’s capital and resources, we look forward to accelerating the Company’s continued expansion across ...