Business & Finance – Page 8 – Property World Global

Jan42024 by FWMNo Comments

Colliers successfully transacts sale of boutique hotel in Bangalore for prominent hospitality group

Mumbai, 4th January 2024: Leading diversified real estate services provider, Colliers India, successfully facilitated the sale of a boutique hotel in Bangalore for a well-known hospitality player. The team effectively collaborated with the Asset Reconstruction Company (ARC), Trustee, and the Bank, alongside the buyer and seller to transact the hotel asset spanning 150,000 sq.ft. Focused on meeting the business needs of both parties involved, Colliers India played a pivotal role in providing an exit strategy for the promoters seeking to liquidate the asset and fulfilling the aspirations of the buyers aiming to establish a presence in the bustling metro location. The firm's Capital Markets & Investment Services business recently ventured into the hospitality segment, given the sector'...

Jan32024 by FWMNo Comments

Bengaluru continues to be the most favoured office market, maintains its leadership position; City records a nine-year high in residential sales: Knight Frank India

Business & Finance

Bengaluru accounted for 21% of the total transactions across top eight markets in 2023 Average transacted rentals in Bengaluru grew by 6.6% YoY 54,046 residential units sold in 2023 Premium residential units costing >INR 10 mn witnessed an annual growth of 38% Bengaluru, January 3, 2024: Knight Frank India in its latest report, India Real Estate: Residential and Office (July - December 2023) cited that Bengaluru registered office transaction volume of 12.5 mn sq ft in 2023. This is the highest transaction volume recorded amongst the leading eight cities in India. In 2023, despite the moderation in comparison to 2022, Bengaluru registered the second-best office transactions surpassing the 10 – year average of 12.2 mn sq ft. Global Capability Centres (GCC), flex spaces a...

Jan22024 by FWMNo Comments

LuLu Midnight Sale at Bengaluru; Killer Offers on Major Brands

Business & Finance, News, Technology

Bengaluru: Much-anticipated Big Days Sale of the City is now back and bigger, with a flat 50% off on products. Over multiple brands at Lulu Mall Rajaji Nagar and LuLu Daily in Falcon City Mall, ensure a half-price sale on their merchandise. The biggest discount sale will be hosted from January 4th to 7th, and all the LuLu stores will be open until midnight for hassle-free shopping.As it hosts its end-of-season sale, LuLu presents an array of premium fashion brands, electronics, gadgets, household items, and other essentials at unbeatable prices. LuLu Mall Rajajinagar and LuLu Daily are captivating shoppers with exclusive 50% discount on an extensive selection of renowned brands in various categories. This midnight shopping bonanza begins from January 4th to January 7th, ensuring a h...

Dec292023 by FWMNo Comments

Provident Housing Announces Special Discount for Armed Forces Personnel, Veterans

Business & Finance

Friday, December 29, 2023 11:38AM IST (6:08AM GM Bengaluru, Karnataka, India: Provident Housing Limited, a wholly owned subsidiary of Puravankara Limited focused on mid-segment housing, has announced a unique scheme to assist serving and retired armed forces personnel in owning a home. The developer will offer a special discount of 2 percent for eligible armed forces personnel across projects. As of last count, India has around 1.4 million serving personnel and around 2.6 million veterans. This scheme aims to help them own a home in a Provident community. A special commitment by Provident Housing to this effect was handed over to Major General Ravi Murugan, AVSM, General Officer Commanding (GOC), Karnataka and Kerala Sub Area, at a meeting in his office. “We are a forward-looking...

Dec292023 by FWMNo Comments

Surendranagar District Cooperative Bank’s annual profit has reached Rs 7 crore, share capital of Rs 15 crore has become 34 crore, deposits of Rs 53 crore have reached 400 crore and KCC has increased from 226 crore to 448 crore

Business & Finance

Union Home Minister and Minister of Cooperation Amit Shah unveiled the newly constructed building of Surendranagar District Cooperative Bank Limited through video conferencing today Just as Prime Minister Narendra Modi has encouraged cooperatives, in the coming days this Bank will fulfill all the responsibilities towards the cooperative societies of every area in Surendranagar district It was during Modi ji's tenure as the Chief Minister of Gujarat that interest free loans up to Rs 3 lakh were started in Gujarat Surendranagar District Cooperative Bank's annual profit has reached Rs 7 crore, share capital of Rs 15 crore has become 34 crore, deposits of Rs 53 crore have reached 400 crore and KCC has increased from 226 crore to 448 crore Surendranagar District Bank has given loans ...

Dec292023 by FWMNo Comments

Five Key Tips to Winning a Life Insurance Appeal

Business & Finance

FORT LAUDERDALE, Fla., Dec. 29, 2023 /PRNewswire/ -- The Law Offices of Jason Turchin, with its extensive experience in life insurance litigation, today shares five essential tips for individuals seeking to win a life insurance appeal. These guidelines are part of the firm's commitment to helping clients navigate the often complex process of challenging a life insurance denial. "Dealing with a life insurance denial can be overwhelming, especially during a time of grief," says Jason Turchin, Esq. "Our goal is to empower individuals with the knowledge they need to successfully appeal these decisions." Tip 1: Understand the Reason for DenialCarefully review the denial letter from the insurance company. Understanding the specific reasons for the denial is often crucial in formulating an ...

Dec292023 by FWMNo Comments

ART Housing Finance Partners with SignDesk for Housing Loan Kit Digitization”

Business & Finance

ART Housing Finance empowers underserved segments with eSign-backed housing loans Bangalore, India – ART Housing Finance Ltd (ART Housing Finance), a leading Housing Finance Company (HFC) providing long-term housing loans to middle and lower-income groups, has announced a strategic partnership with SignDesk, a global provider of document automation solutions. This collaboration aims to revolutionize housing finance for underserved segments by digitizing loan kits and simplifying the application process through integrated eSignatures and eStamping. Bridging the credit gap in non-urban India- Credit penetration in non-urban areas remains a critical challenge in India, with informal credit dominating the lending landscape. This lack of formal credit access leaves rural and underserved c...

Dec292023 by FWMNo Comments

“Poor people from far flung areas will be benefited from this POWERGRID Vishram Sadan.”-R.K. Singh, Union Minister for Power, New and Renewable Energy, Govt. of India

Architecture, Business & Finance

28 DEC 2023 6:07PM by PIB Bengaluru POWERGRID Vishram Sadan was inaugurated by R.K. Singh, Union Minister for Power, New and Renewable Energy, Govt. of India in virtual presence of Dr. Mansukh L Mandaviya, Minister of Health and Family Welfare, Chemical and Fertilizer presence of Sh. K J George, Hon'ble Minister of Energy, Sh. Tejasvi Soorya, MP, Bengaluru South, Dr. Yatindra Dwivedi, Director (Personnel) POWERGRID, Dr. Partima Murthy, Director, NIMHANS, Bengaluru and senior officials from POWERGRID. Addressing the public, R. K. Singh appreciated the noble efforts of POWERGRID and said, "Poor people from far flung areas will be benefited from this POWERGRID Vishram Sadan." He also talked about the strong power scenario in the country and the commendable efforts made by Gover...

Dec292023 by FWMNo Comments

Propelld: Reflecting on 2023 and Looking Forward to 2024

Business & Finance

Thursday, December 28, 2023 4:35PM IST (11:05AM GMT By Victor Senapaty, Co-founder, Propelld As we approach the end of 2023, it's a time to look back on a year filled with significant achievements for Propelld and to look forward with excitement to what 2024 has in store for us. This year was marked by a major milestone with our fully owned subsidiary, Edgro, obtaining an NBFC license. This achievement dramatically transformed our operations, leading to reduced costs of funds, increased margins, enhanced underwriting capabilities, and notably faster loan disbursals. Our leadership team underwent a phase of streamlining and stabilization, setting a strong foundation for efficient management and decision-making. In terms of financial performance, Propelld reached a remarkable miles...

Dec262023 by FWMNo Comments

MANA Solidifies its Footprint to East Bengaluru.

Business & Finance, News

Bengaluru, Karnataka, India Dec 26, 2023 With the aim of further expanding its presence in East Bengaluru, renowned Bengaluru-based real estate company, MANA, is excited to introduce its latest project, MANA Jardin Neo. MANA Jardin Neo, Bengaluru’s most luxurious residential property belongs to the ultra luxury category of homes. With their tagline of "Live Brilliantly", MANA is committed to offering a luxurious lifestyle and the right home to older millennials and their extended families with these apartments. MANA Jardin Neo is conveniently situated near Wipro SEZ, Kodathi, Sarjapur Road in the heart of Bengaluru City. As they embark on this new project, MANA is committed to upholding their reputation for delivering outstanding residential living experiences and is excited to furt...