Business & Finance – Page 8 – Property World Global

Jan242024 by FWMNo Comments

Puravankara Reports Profit of Rs 78 Crores in Q3 FY24, Revenue up by 45%

Tuesday, January 23, 2024 4:49PM IST (11:19AM GMT) Bengaluru, Karnataka, India: Puravankara Limited (BSE: 532891), one of India’s most trusted and admired real estate players, announced its financial results today for the third quarter (Q3FY24) ending December 31, 2023. The company posted a profit of Rs 78 crores in Q3FY24 (+266 per cent Y-o-Y). Sales soared to Rs 1,241 crores in Q3FY24 (+56 per cent Y-o-Y). Sales volume for the quarter stood at 1.63 msft (+60 per cent Y-o-Y) with a strong collection of Rs 941 crores (+52 per cent Y-o-Y). Operating cash inflows for 9MFY24 stood at Rs 2,826 crores (+35 per cent Y-o-Y), and revenue from operations stood at Rs 596 crores (+45 per cent Y-o-Y). Operating surplus for 9M FY24 stood at Rs 965 crores (+101% Y-o-Y). The company...

Jan232024 by FWMNo Comments

Marble Centre International showcases a luminescence play with Onyx at DesignUru 2024

Architecture, Business & Finance, News

Bangalore, January 2024 – DesignUru 4.0, Bengaluru’s festival of art and design hosted by the Indian Institute of Interior Design, Bangalore chapter returns to celebrate design and creativity with well-known architects and designers across cultural and commercial platforms. In this year’s edition, there are unique and fascinating exhibitions and installations by designers in collaboration with brands from all over the country. DesignUru is a collaborative initiative to build Bangalore as a global capital for design. This weeklong fest is starting today and will continue till the 25th at Rangoli, MG Road, Bangalore. As one of the main partners, Marble Centre International (MCI), India’s premier importer and retailer of luxury marble and natural stones, is showcasing a creative instal...

Jan202024 by FWMNo Comments

TTK Prestige launches Endura Pro Mixer Grinder in Pai International Electronics Ltd, Indiranagar, Bangalore

Business & Finance, News

TTK Prestige launched the Endura Pro to revolutionize the Indian kitchen Bangalore, 19th January 2024 - TTK Prestige, India's leading kitchen appliance company, has launched its latest innovation, the Prestige Endura Pro Mixer Grinder. The launch event took place on 18th January 2024 at Pai International Electronics Ltd, Indiranagar, in Bangalore. The Prestige Endura Pro is all in one Mixer Grinder with 14 functionalities, powered by 1000W motor made of pure copper and equipped with ball bearings, the Endura Pro ensures efficient performance, minimal noise, and a longer motor life. 14 functionalities - include Wet Grinding, Dry Grinding, Chutney making, Juicing, Blending, Chopping, Atta Kneading, Thick Shredding, Thin Shredding, Adjustable Slicing, Mincing, Citrus juicing, Finger...

Jan202024 by FWMNo Comments

Discover Your Dream Home at the Mega Property Expo in Bengaluru

Business & Finance

Bengaluru, January 20, 2024: The vibrant city of Bengaluru, known for its beautiful weather and cosmopolitan culture, is set to host a Mega Property Expo presented by SBI Home Loan. This two-day extravaganza will take place on January 20 and 21 at the State Bank of India, Local Head Office, 65, St. Mark’s Road, Bengaluru, from 10:00 am to 7:00 pm. Bengaluru has been a magnet for people nationwide and from abroad, drawn to its fantastic facilities, rapid development, and employment opportunities. The real estate sector, which faced a brief lull during the pandemic, is now on a robust comeback trail. The city's skyline is dotted with malls, IT parks, townships, and commercial establishments, making it an ideal destination for those seeking a new home or investment opportunity. htt...

Jan192024 by FWMNo Comments

Pre-fixed auto counter opened at LuLu Mall Bengaluru

Business & Finance, News, World

The new initiative aims to provide a convenient and efficient transportation option for the customers, while also promoting safety and transparency in the auto-rickshaw service Bengaluru: To ensure hassle-free shopping, LuLu opened a pre-fixed auto counter at LuLu Mall, Rajajinagar, on Friday in association with the city traffic police. Anita Haddannavar, DCP, Traffic West Division, inaugurated the new counter at the mall in the presence of Ramesh GR, ACP Vijayanagar, Santhosh Kumar, Inspector Magadi Road Traffic Police Station, and other dignitaries. The new initiative provides better connectivity for customers without any hassle. Customers can easily catch autos from these kiosks at pre-fixed rates. It ensures services to 520 points, including Neelasandra, Adugodi, Airport HAL...

Jan162024 by FWMNo Comments

Karnataka Bank and Clix Capital Enter Into Co-Lending Partnership

Business & Finance

Jan 16, 2024 19:15 IST PHOTOS BY P K ANANTH KUMAR Karnataka 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.Lend Speaking 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, ...

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...