News – Page 2 – Property World Global

Mar22025 by FWMNo Comments

Dubai’s Residential Real Estate Market Surges – 55% Surge in Transactions, 44% Rise in Sales Value in October-December 2024: Square Yards

News

Dubai, UAE, February 24, 2025 – During the October–December 2024 quarter, Dubai’s residential market recorded 33,110 registered transactions, representing a 55% year-on-year (Y-o-Y) increase compared to the 21,405 transactions recorded during the same period in 2023. This growth in annual activity demonstrates strong buyer interest, while the minor quarterly adjustment indicates a steady, healthy market. The registered home sales value (GTV) for the quarter reached AED 65.23 billion, marking a 44% Y-o-Y increase over the AED 45.45 billion reported in October–December 2023. Average registered home sales value also adjusted slightly, coming in at AED 1.97 million, dropping marginally by 7%. Dubai Residential Real Estate Summary – October-December 2024 Oct-Dec 2024 July-Sept...

Feb282025 by FWMNo Comments

Birla Estates secures landmark booking value of approx INR 500cr for third consecutive time with Phase 3 of Birla Trimaya in Bengaluru

News

Underlines project success with approximately 90% of its launched inventory till date sold out Bengaluru, February 28 2025: Birla Estates Private Limited, a wholly owned subsidiary of Aditya Birla Real Estate Limited (formerly Century Textiles and Industries Limited), announces the successful launch of Birla Trimaya Phase III – The Park, the latest addition to its highly sought-after project in North Bengaluru. Within 24 hours of the launch recording an impressive booking value of approximately INR 500 crores with the sale of over 300 units, validating the positive response from luxury homebuyers in the region. With this, the cumulative booking value achieved across all launched phases is approximately INR 1,500 crores with approx. 90% of units launched till date sold out, underlining t...

Feb282025 by FWMNo Comments

Dalmia Bharat to add 6 MnTPA Cement Capacity in Maharashtra & Karnataka

News, Technology

Investment in alignment with the strategic goal of becoming a PAN India company and achieving 75 MnT capacity by FY28 Increases capacity primarily to meet growing demand in Western India along with existing regions Bangalore, 28th Feb 2025 : Dalmia Bharat Limited, one of India’s leading cement companies, through its subsidiaries, has announced a strategic investment of approximately Rs 3,520 Crore in the states of Maharashtra and Karnataka. As part of this initiative, the company will establish a 3.6 MnTPA clinker unit and a 3 MnTPA grinding unit at its existing Belgaum plant, Karnataka coupled with a new greenfield split grinding unit with a capacity of 3 MnTPA in Pune, Maharashtra. The capex will be funded through a combination of debt and internal accruals. With this expansion, Da...

Feb272025 by FWMNo Comments

Ikea (IKEA INDIA PRIVATE LIMITED)

News

65 lakhs along with fine in respect of business license from IKEA of Dasarahalli zone. Payment of fees: Zonal Commissioner Girish. 65 lakhs along with fine related to business license at IKEA in Dasarahalli zone. Zonal Commissioner Girish said that they have paid the fee and renewed it. Ikea (IKEA INDIA PRIVATE LIMITED) is running a business in Dasarahalli zone, on date: 13th May 2022, business license has been obtained from the Corporation and has been renewed for 05 years. Further, on 08th January 2025, the site was visited and inspected by Health Officers and Medical Officers of Health. In this case 4021 HP horse power Aerated water, Soft Drinks & Bottled Water industries are found not to be licensed. In this regard notices have been issued for a total of 05 years from 2...

Feb272025 by FWMNo Comments

New office supply hit an all-time high in 2024 across seven major cities at 515 lakh sq ft: Vestian

News

New Delhi, 27th Feb 2025: Vestian’s office market report stated that 2024 has been challenging for the Indian office market due to global macroeconomic uncertainty, escalating geopolitical frictions, and sticky inflation. Despite these challenges, India’s office market reported the highest-ever supply in any year. A surge in demand for grade-A office spaces kept developers active throughout the year. Construction activities increased by 7% compared to the previous year, reaching 515 lakh square feet, marking the highest supply ever recorded. Among the top seven cities, the maximum fresh supply was seen in Hyderabad followed by Bengaluru. With robust absorption and supply in 2024, vacancy rates improved slightly, decreasing from 13.98% in 2023 to 13.91% in 2024. Additionally, rental p...

Feb272025 by FWMNo Comments

The Sustainable City – Yiti and ahli Islamic Sign Strategic Partnership to Advance Sustainable Urban Development

News

Muscat, Oman – February 27, 2025: The Sustainable City – Yiti, Oman’s flagship sustainable development and the pioneering net zero emissions community, has signed a strategic partnership with ahli Islamic, marking a significant milestone in facilitating financial solutions that align with the project’s long-term sustainability and development objectives. The partnership was formalized at a signing ceremony held on-site at The Sustainable City – Yiti, attended by senior executives from both The Sustainable City – Yiti and ahli Islamic, along with key stakeholders. The agreement was signed by Mohammed Al Ghufaili, COO of OMRAN Group and Board Member of The Sustainable City – Yiti, and Yousuf Al Rawahi, DGM – Head of ahli Islamic. This collaboration reflects a shared commitment to sup...

Feb232025 by FWMNo Comments

Let Public and various government departments cooperate with BBMP for Road Development: Mrs. Shalini Rajneesh

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

Bengaluru: Feb. 21: "The roads in Bengaluru can be developed and maintained in good condition if the BBMP, various government departments, and especially all the citizens of the city work together," Chief Secretary to Govt. Mrs. Shalini Rajneesh stated. Chief Secretary to Govt. Mrs. Shalini Rajneesh spoke at the "BBMP Engineers Capacity Building" workshop on the second day of "Namma Raste 2025" and congratulated for organising the event. She also stressed the importance of the "Namma Raste" event and stated that if the public cooperates with the Government, the roads can be maintained in good condition. As much as Bengaluru's people are pleased with the city's weather, they are also dissatisfied with its roadways. She stated that a comprehensive guide to the city's roads has been ...

Feb232025 by FWMNo Comments

Peps Industries brings new Sleep Solutions to Bengaluru

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

The brand is set to redefine comfort, support, and durability with the launch of four new product series Bengaluru, February 22, 2025: Peps Industries, India’s leading sleep solutions brand, has unveiled its latest range of luxurious mattresses, exclusively designed to bring world-class sleep experiences for consumers in the Bengaluru market. Developed with the commitment to innovation and affordability, Peps’ new range launches four new product series, Peps Comfort, Peps Supreme, and Peps Restonic Memory Foam, that are set to redefine comfort, support, and durability. With a surge in individuals prioritising sleep health and improving their well-being, the mattresses are tailored to fit the requirements of customers, offering optimal comfort and restful sleep. Speaking on the lau...

Feb212025 by FWMNo Comments

Godrej Properties Unveils India’s First 3D-Printed G+1 Villa at Godrej Eden Estate, Pune

Architecture, Lifestyle, News

Bangalore : Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, has unveiled India’s first 3D-printed G+1 villa at Godrej Eden Estate, Maan Hinjewadi, Pune in association with Tvasta Engineering. Leveraging cutting-edge 3D printing technology, the company has achieved a significant milestone to set new benchmarks in design, efficiency, and sustainability and marks a transformative moment for the real estate industry. The villa, constructed using additive manufacturing techniques, demonstrates the potential of 3D printing in revolutionizing home construction. The project, which commenced in June 2024, was successfully completed in just four months, underscoring the speed and efficiency of 3D printing in construction. By employing computer-generated designs, the s...

Feb202025 by FWMNo Comments

Grundfos expands its cooling portfolio by launching cutting-edge solutions

Home Improvement, Lifestyle, News

Expanding cooling technologies with MIXIT, IE5 pump solutions, and enhanced LSV efficiency for data centers and district cooling - Designed to enhance energy efficiency and reduce environmental impact Bengaluru, India, 20th Feb 2025 – Grundfos, a global leader in intelligent and energy-efficient pumping solutions, launched MIXIT, a groundbreaking HVAC solution at ACREX India 2025. This next-generation technology is set to transform energy efficiency in heating and cooling systems. According to JLL, India, the world's fastest-growing economy, is projected to see growth in its commercial space market across the top seven cities by 1 billion sq. ft by 2026 and touch 1.2 billion sq. ft by 2030. District cooling in India is critical to addressing the rapidly growing demand for space cool...