News – Page 14 – Property World Global

Jul162024 by FWMNo Comments

Vestian: 65% of office space in India is green-certified

Delhi, 16th July 2024: Accessing any real estate company’s performance based on ESG becomes crucial as the real estate sector is the 2nd largest employer in India, accounting for 39% of carbon emissions. The government’s constant push to achieve net zero emissions by 2070 is likely to play a pivotal role in shaping the real estate market in India. As per Vestian Research, over 65% of Grade A office space across India's top 7 cities is green-certified. Moreover, among 1,362 Grade A buildings, 805 (or 59%) boast of green certifications, highlighting India's growing commitment to sustainable construction. As India's office market attracts global occupiers, developers are increasingly prioritizing international certifications. This trend is reflected in the dominance of LEED certificatio...

Jul152024 by FWMNo Comments

Pay property tax arrears quickly through One Time Relief (OTS) Scheme: Tushar Giri Nath,Chief Commissioner,BBMP

Business & Finance, News

Chief Commissioner Mr. Tushar Giri Nath said that the One Time Relief Scheme (OTS) implemented for property tax arrears under BBMP will end on July 31 and citizens should take advantage of it immediately. Speaking to reporters after the review meeting held at the office of the Chief Commissioner of the corporation headquarters regarding various matters under BBMP, he said that about 4 lakh defaulters will come under the one-time relief scheme in the city. Out of this, 80,000 defaulters have taken advantage of this and paid the outstanding property tax so far. The remaining 3.20 lakh defaulters have only a chance till July 31 and they should take advantage of it immediately. Call 1533 Helpline Get Necessary Information About OTS: He said that if there are any other confusions, i...

Jul152024 by FWMNo Comments

High priority for integrated waste management: BBMP administrator.

News

Mr. S.R. Umashankar, Administrator said that under the scope of BBMP, more priority is being given to comprehensive waste management and many projects are being undertaken for it. He was addressing a two-day workshop on "Climate Action" in collaboration with BBMP C40 cities at Room No. 419 of Vikas soudha. With a view to eliminate the problem of solid waste in the city, many initiatives have been adopted and work is being done to implement them all. He said that the state government has identified 50 to 100 acres of government-owned land in the four directions of the corporation for integrated waste management, and the process of handing over the said land to the corporation is underway. Mandatory segregation of raw and dry waste should be done in the city. He said that a waste-to-ener...

Jul152024 by FWMNo Comments

Hisense Group President Presents Strategic Roadmap for Company’s Future Success

Home Improvement, News, Technology

QINGDAO, China, July 14, 2024 /PRNewswire/ -- Hisense, a global leader in home appliances and consumer electronics, today unveiled its ambitious growth plans at its Partner Conference in Berlin, held just ahead of the EURO 2024™ finals. Fisher Yu, Hisense Group President, delivered a keynote address titled "Beyond Champion, Beyond Glory" outlining strategic upgrades focused on brand elevation, scenario-driven products and services, industrial structure optimization, and a commitment to further global expansion. Hisense introduced multi-brand strategy Fisher Yu, President of Hisense Group, delivered the keynote address titled "Beyond Champion, Beyond Glory" Hisense strategic upgrades in brand, scenarios, industrial structure and globalization Marking its thir...

Jul152024 by FWMNo Comments

Q2 2024: Received the Highest Institutional Investments in a Quarter Post-Pandemic, Dominated by Foreign Investors – Vestian

Business & Finance, News

New Delhi, 13th July 2024: The second quarter of 2024 witnessed institutional investments of USD 3.1 Bn, registering a sharp increase of 96% over the same quarter a year ago and 464% over the previous quarter. As the world economy is stabilizing amid geopolitical challenges, investors actively participated, resulting in the highest institutional investments in a quarter post the pandemic. Quarters Institutional Investments (USD Bn) Quarterly Change (%) Q2 2023 1.6 28% Q3 2023 0.7 -57% Q4 2023 0.8 18% Q1 2024 0.6 -31% Q2 2024 3.1 464% Source: Vestian Research Foreign investors accounted for the highest share, 71%, of the total investments received during the second quarter of 2024 as they flocked to India to capitalize on its robus...

Jul152024 by FWMNo Comments

Mumbai MMR sets new benchmark with average registered home sales value reaching ₹94 lakh in June quarter: Square Yards

Business & Finance, News

v Lodha Group Leads Among Top Developers with Highest Registered Home Sales Value, Birla Estates Climbs to Third Spot Mumbai, Maharashtra, July 15, 2024 – The Mumbai Metropolitan Region (MMR) has recorded an unprecedented surge in average registered home sales value in the second quarter of 2024, according to the latest report by Square Yards. The average registered home sales value basis the IGR data, analysed by Square Yards, reached a record-high of Rs. 94 lakh, reflecting a 10% YoY growth, despite a decrease in the total number of registered transactions in the region. In the June 2024 quarter, a total of 50,025 residential real estate transactions were registered across Mumbai MMR, amounting to a registered sales value of Rs. 46,833 crore. Although there was a 6% drop in the o...

Jul122024 by FWMNo Comments

Ramaiah Memorial Hospital Signs Long Term Collaboration Agreement with the Mount Sinai Health System

LIFE & ARTS, Lifestyle, News

New York for Specialty Care Development and Quality and Technological Advancements Collaboration between the two leading healthcare providers is aimed at benefiting patients in India and across the region Bangalore, India July 12, 2024: Ramaiah Memorial Hospital (RMH), one of India's leading multi-super-specialty quaternary care hospitals based at Bengaluru, Karnataka, has signed an exclusive agreement with the New York-based Mount Sinai Health System today, marking the beginning of a transformative partnership that aims at advancing healthcare services through collaborations in clinical excellence, quality of care, research, innovation and technology. The collaboration, formalized through a long-term a collaboration agreement, reinforces the commitment of both institutions by ...

Jul122024 by FWMNo Comments

Technology Unbound at BTS 2024

Business & Finance, News

3-day event celebrating Innovation and Global Collaboration - Event to be held from 19-21 November 2024 - Chief Minister Hosts Interactive Breakfast Meet with 200+ CEOs and Leaders from prominent Tech Sectors Bengaluru, 12th July 2024 : Priyank Kharge, Minister for Information Technology & Biotechnology and RDPR, Government of Karnataka, announced the 27th edition of Asia’s largest Technology Show, Bengaluru Tech Summit (BTS) 2024, at a Press Conference held in Bengaluru. Scheduled from November 19-21 2024 at the iconic Bangalore Palace, BTS 2024 will once again position Bengaluru at the forefront of global tech innovation & collaboration. Ahead of this press conference, a Breakfast Meet was held where Siddaramaiah, Chief Minister of Karnataka, engaged in an interactive...

Jul112024 by FWMNo Comments

Mumbai’s Rs 10 Crore and above luxury residential units clock highest-ever half-yearly sales of Rs 12,300 crore in H1 CY24

News

Rs 3,500+ Cr. highest-ever recorded sales value in secondary/resale market in Mumbai with growth rate of 37% in H1 CY’24 compared to H1 CY’23. The top luxury micro-markets in Mumbai—Goregaon East, Worli, Mahalakshmi, Prabhadevi, Mumbai Central, Malabar Hill, Bandra West, Lower Parel, Tardeo, Byculla—have contributed to 80% of primary luxury sales by value in H1 CY’24. More than half of homebuyers in the more than Rs 10 Crore luxury market belong to the 35-55 age category. Mumbai, July 11, 2024— Sales of luxury homes costing Rs 10 crore and above in Mumbai have risen 8% making another new high of Rs 12,300 crore in H1 CY’24, compared to Rs 11,400 crore in H1 CY’23, according to a report by India Sotheby’s International Realty and CRE Matrix. The report, “Mumbai Luxury Housing...

Jul112024 by FWMNo Comments

South India’s Data Centre Market to Witness 65% Capacity Growth by 2030; fueled by Chennai, Bangalore, and Hyderabad

News

Bengaluru, India, 11th July 2024: South India's data centre market is on an impressive growth trajectory, with major cities like Chennai, Bangalore, and Hyderabad at the forefront. This surge is supported by substantial government incentives, strategic infrastructure investments, and a rising demand for digital services. The region is poised to play a crucial role in the global data centre landscape, with capacity projected to grow 65% by 2030. Significant Capacity Expansion As of now, the combined installed data centre capacity in Chennai, Bangalore, and Hyderabad stands at approximately 200 MW. This foundation is set to be significantly bolstered, with 190 MW currently under construction and an additional 170 MW planned. These developments are expected to increase the total capaci...