News – Page 2 – Property World Global

Nov142024 by FWMNo Comments

Bengaluru Registers Rs. 15,739 Crore in Residential Transaction Value in July-September 2024, North Bengaluru Leads the Rally: Square Yards

Home Improvement, LIFE & ARTS, Lifestyle, News

Grade-A developers continue to dominate Bengaluru’s residential market activity. Embassy Group and Prestige Group lead in terms of highest home sales value, while Artha Group and Tata Realty top the list of developers with the highest volume of residential transactions. Bengaluru, November 13, 2024 – During the July-September 2024 quarter, a total of 25,259 residential units, including apartments and plots, were registered with the Inspector General of Registration (IGR) in Bengaluru, according to data from Square Yards. This figure represents a slight year-on-year decrease of 8% compared to the same period in 2023. The sales value for these properties amounted to Rs. 15,739 crore, marking a 15% decline from the Rs. 18,505 crore recorded in the July-September quarter of the previous yea...

Nov142024 by FWMNo Comments

Cost of construction rises up to 11% annually in 2024 across real estate segments

Architecture, News

Prices of key materials like steel and aluminum have relatively stabilized in 2024 Rising construction cost has primarily been on account of labour cost surge, at about 25% YoY in the private sector Volatilities in construction material prices and labour cost pressures are likely to push overall construction cost upward, albeit at a slower pace Gurugram, 14 November 2024: Over the last one-year, average cost of construction is estimated to have risen up to 11%, mainly due to a significant surge in labour costs coupled with a moderate price increase in construction materials like sand, brick, glass, wood etc. Notably, the cumulative effect of rise in the prices of four key construction materials including cement, steel, copper and aluminum have been relatively low. In fact, avera...

Nov122024 by FWMNo Comments

Light + LED Expo India 2024 to present smart, energy-efficient and advanced lighting solutions for diverse architectural and infrastructure needs

Architecture, Home Improvement, LIFE & ARTS, Lifestyle, News

Tuesday, Nov 12, 2024 14:11:19 New Delhi, India – Business Wire India India’s premier expo, Light + LED Expo India 2024, is set to showcase advanced products in LED and intelligent lighting solutions from 21st to 23rd November 2024 at Yashobhoomi (IICC), Dwarka, Delhi. With 240+ exhibitors from nine countries, the B2B event will present innovative solutions for homes, high rises, architecture, infrastructure, and everything in between. With LED light emerging as a powerful catalyst in India's energy efficiency journey, its applications have spread from households and industrial spaces to more complex and customised needs for architecture and interior design, urban infrastructure and smart city projects. Government-backed initiatives like Unnat Jyoti by Affordable LEDs for All and L...

Nov102024 by FWMNo Comments

The Sustainable City – Yiti Set to Showcase Sustainable Living Model at Cityscape Global 2024 in Riyadh

Architecture, Lifestyle, News

Leading the way as a pioneering model for sustainable, net-zero communities Participation in Riyadh marks the latest in a series of prominent global real estate exhibitions Muscat, Oman – 10 November 2024 – The Sustainable City – Yiti is set to showcase its leadership in sustainable living at Cityscape Global 2024, taking place in Riyadh, the Saudi capital. This participation marks the latest in a series of appearances at international and regional real estate events, reinforcing its position as a global model for net zero living. The Sustainable City – Yiti will showcase the project’s commitment to sustainable living through comprehensive social, environmental, and economic sustainability strategies. The community's design minimizes environmental impact and maximizes qual...

Nov102024 by FWMNo Comments

Asia Pacific office demand surges 10.7% as occupiers chase ’flight to quality’

News

India, New Zealand, and Singapore saw annual leasing growth of over 30% in Q3 2024 Demand across the top 11 countries in the APAC region rose by 10.7% YoY, reaching 2.2 million sqm (23.7 million sq ft) in Q3 2024 India continued to lead APAC office market activity, driving over 70% of the total demand during Q3 2024 Bangalore, 8th November 2024: The Asia Pacific office market is predicted to grow in 2025, with new Colliers’ data showing demand across top markets surging 10.7% year-on-year (y-o-y) in the third quarter of 2024. Colliers’ Asia Pacific Office Market Insights Q3 2024 report found Asia Pacific Grade A office demand surged 10.7% in Q3 2024 (y-o-y) to 2.2 million sqm (23.7 million sq ft) as major markets across the region strengthened, signaling a potentially stron...

Nov102024 by FWMNo Comments

Special Webinar to Spotlight Citizen-Centric Services by Panchayati Raj Institutions to be held tomorrow

News

Webinar to deliberate upon further Strengthening of Rural Governance; will Showcase Awarded Initiatives 10 NOV 2024 11:32AM by PIB Delhi As part of the Department of Administrative Reforms and Public Grievances (DARPG)’s National e-Governance Webinar Series (NeGW 2023–24), a Special Webinar on Citizen-Centric Services provided by Panchayati Raj Institutions (PRIs) will be held on 11th November 2024, from 12:00 noon to 1:00 PM. The webinar will be co-Chaired by Shri V. Srinivas, Secretary, DARPG, and Shri Vivek Bharadwaj, Secretary, Ministry of Panchayati Raj (MoPR), who will deliver keynote remarks, sharing key insights and outlining the vision for the pivotal role of PRIs in delivering essential services to rural citizens. Also present will be Shri Puneet Yadav, Additional Secreta...

Nov92024 by FWMNo Comments

Puravankara reports total revenue of ₹1,195 Crore in H1FY25, up by 67% Y-o-Y

News

Friday, Nov 08, 2024 17:11:29 | Puravankara Bengaluru: Puravankara Limited (NSE: PURVA | BSE:532891), one of India’s most trusted and admired real estate developers, announced its financial results for the second quarter (Q2FY25) ending September 30, 2024, and H1 FY25. For H1FY25, total revenue from projects stood at Rs. 1,195 crores for H1 FY25, up by 67% from Rs. 717 crores in H1 FY24. Customer collections increased by 27% to Rs. 1,999 crores, indicating improving operating efficiency. For the first half of the fiscal, sales volume stood at 2.84 msft and sales value at Rs. 2,459 crores. While revenue increased by 67% to Rs. 1,195 crores, on account of costs related to expansion overheads, sales and marketing expenses, the company recorded a loss of Rs. 5 crores for the period. Oper...

Nov72024 by FWMNo Comments

Horticulture Dept Launches “Jhenkara” Brand Honey

Home Improvement, LIFE & ARTS, Lifestyle, News

Bengaluru, November 07 (Karnataka News): The department of Horticulture has taken initiative to popularize the honey and honey products produced in the State, to provide quality honey to the consumers and to assure better price to the bee keepers. The department has developed the brand name “ಝೇಂಕಾರ” (in Kannada) and Jhenkara (in English), Tagline (ಜೀವನೋಲ್ಲಾಸಕ್ಕೆ ಜೇನು - in Kannada), (Honey that keeps you Buzzin’- in English), Logo and Packaging designs and got the approval of Trade mark Registry. The Department of Horticulture, Government of Karnataka posesses ownership of the said brand name and logo. Presently honey producers and aggregators have opportunities to use the brand name and logo by following the terms and conditions. It is requested to harness this opportunity. More...

Nov62024 by FWMNo Comments

Hyatt Set To Expand Brand Presence In Nepal With Hyatt Regency Lumbini

Architecture, News

The 175-guestroom property will be the fourth Hyatt branded property in Nepal and will mark the second hotel with Golyan Group CHICAGO (November 05, 2024) - Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a management agreement with Veda Hospitality Private Limited, a part of the Golyan Group, for Hyatt Regency Lumbini. The property will be the fourth Hyatt branded hotel in Nepal, reaffirming the significance of the market in Hyatt’s ambitious growth plans for Southwest Asia. Revered as the birthplace of Lord Buddha, the serene and spiritually significant town of Lumbini stands as an unparalleled destination for tourists as it draws travelers from across the world to the sacred site. It also boasts an UNESCO World Heritage status, with ...

Nov52024 by FWMNo Comments

UST Expands India Presence with a Second Office in Bengaluru

News

Bengaluru is UST's second largest delivery center globally with over 6,000 employees The second Bengaluru facility covers over 17,000 sq. ft. with a state-of-the-art Design Experience Center BENGALURU, India, Nov. 5, 2024 /PRNewswire/ -- UST, a leading digital transformation solutions company, has further strengthened its India presence by inaugurating a second delivery center in Bengaluru, Karnataka. Located in Helios Business Park, Kadabeesanahalli, this new facility spans over 17,000 square feet and accommodates over 300 seats, along with a state-of-the-art Design Experience Center and other modern facilities. This marks UST's second facility in Bengaluru, complementing its primary Bengaluru facility at Prestige Shantiniketan, Whitefield. Over the past year, UST has steadily ex...