Business & Finance – Page 9 – Property World Global

Jan192024 by FWMNo Comments

Pre-fixed auto counter opened at LuLu Mall Bengaluru

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...

Jan122024 by FWMNo Comments

India’s Retail Inflation 5.69 per cent in December 2023

Business & Finance

CONSUMER PRICE INDEX NUMBERS ON BASE 2012=100 FOR RURAL, URBAN AND COMBINED FOR THE MONTH OF DECEMBER 2023 12 JAN 2024 5:30PM by PIB Delhi The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) is releasing All India Consumer Price Index (CPI) on Base 2012=100 and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for the month of December 2023 (Provisional) in this press note. CPIs for Sub-Groups and Groups for both All India and all States/UTs are also being released. The price data are collected from selected 1114 urban Markets and 1181 villages covering all States/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster. During the month of December...

Jan122024 by FWMNo Comments

Hyderabad registers residential sales of Rs 9497 crores in Oct-Dec quarter; Aparna Construction and Sumadhura Infracon lead in volume and units sold

Business & Finance

Hyderabad, 12th Jan, 2023: In a robust display of economic activity, Hyderabad witnessed a surge in residential sales, recording an impressive 16,808 transactions in Q4, 2023 amounting to a substantial Rs 9497 crores, according to IGR data sourced by Square Yards. Top Developer - Hyderabad (Q4' 2023) - Primary Developer Name Total Sale Value in Cr. No. of Transaction 1 Aparna Constructions And Estates 510 621 2 Sumadhura Infracon 196 145 3 Myscape Properties 153 115 4 BSCPL Infrastructure 126 104 5 Cyber City Builders and Developers 122 106 6 Candeur Developers And Builders 113 126 7 Incor Infrastructure 107 90 8 DSR SSC Builders And Developers 101 49 9 Sri Aditya Homes 96 58 10 Koncept Ambience ...

Jan52024 by FWMNo Comments

Our goal is to double to triple the export of cereals in a year – Minister Cheluvaraya Swamy

Business & Finance, Home Improvement, Lifestyle

Bangalore, JAN,2; The state government has laid special emphasis on organic farming and in the next one year, Karnataka should rank first in the whole country in terms of cereal production and export activity. Agriculture Minister Cheluvaraya Swamy said that our aim is to increase the export volume by two to three times. Addressing an exporters' conference on "Exploration of Global Market for Cereals and its Value Added Products" on the sidelines of the International Cereal Trade Fair to be held at the Palace Grounds for three days from January 5, the Minister said that for the first time in 2017, the Chief Minister Siddaramaiah-led government had held an international conference with greater emphasis on Cereals. Later, he said, as a result of thinking about alternative cropping syst...

Jan42024 by FWMNo Comments

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

Business & Finance

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'...