News – Page 39 – Property World Global

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...

Feb162025 by FWMNo Comments

“India has made significant strides in the lab-grown diamond sector.”-Akhil Vemuluri, Director, LADIA

LIFE & ARTS, Lifestyle, News

Ladia is redefining the world of lab-grown diamond jewellery. With their promise: diamonds are for everyone, and they want to make a difference with innovation, trust, and their customer-first approach. The third store located at Jayanagar was inaugurated by the Chief Guest MLA C. K. Ramamurthy and renowned actress Ms. Rachitha Ram at a glittering inauguration ceremony. Speaking to the press, Akhil Vemuluri, Director, LADIA, said, “India has made significant strides in the lab-grown diamond sector. We at LADIA are committed to take the narrative forward by offering innovative ideas in this sphere. We are glad to launch our third store in the jewellery hub of Bengaluru- Jayanagar”. Lab-grown diamonds, as the name indicates, are made at laboratories where incredibly skilled scientists an...

Feb112025 by FWMNo Comments

Max Estates Achieves Record Growth: Major Land Acquisitions and High-value Pre-sales Drive Momentum

News

New Delhi, Delhi, India Feb 10, 2025 14:54 IST Max Estates Limited (MEL), has announced its unaudited Q3 & 9M FY25 financial results. Real Estate Portfolio of 17 Mn. Sq. Ft. Full-year pre-sales guidance surpassed in just 9 months, achieving INR 5,200 crore Recently, the Company, through a strategic land acquisition secured 10.33 acres of prime land in Noida with mixed use development potential of ~2.6 Mn Sq. Ft. MEL Business Highlights: Mixed - use Portfolio Update: Max Estates has acquired 10.33 acre of prime land in Sector 105 on Noida-Greater Noida Expressway for ~INR 711 Crore with ~2.6 mn sq. ft. with a mix of Residential and Commercial in a 40:60 ratio. The project has a Gross Development Value (GDV) Potential of INR 3,000+ crore and ...

Feb112025 by FWMNo Comments

IKEA uncovers who in the world sleeps best – and it might surprise you

Home Improvement, LIFE & ARTS, Lifestyle, News

MALMÖ, Sweden, Feb. 10, 2025 /PRNewswire/ -- The largest IKEA report ever, surveying over 55,000 people across 57 markets, reveals that Mainland China ranks highest in sleep quality, while Norway and the USA score the lowest. The findings also highlight a global sleep gap of 1 hour and 20 minutes, with people worldwide missing out on significant rest each night - equating to over 20 full days of lost sleep annually. "Sleep is an important factor for life quality. At IKEA, we're committed to understanding people's sleep challenges and providing solutions - whether through smart bedroom designs, better sleep environments, or simple daily habits," said Belén Frau, Global Communication and Positioning Manager, IKEA Retail (Ingka Group).

Feb102025 by FWMNo Comments

Hyatt Announces Plans to Acquire Playa Hotels & Resorts N.V., Enhancing Hyatt’s All-Inclusive Platform

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

CHICAGO, IL (February 10, 2025) – Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has entered into an agreement to acquire all outstanding shares of Playa Hotels & Resorts N.V. (NASDAQ: PLYA, Playa) for $13.50 per share, or approximately $2.6 billion, including approximately $900 million of debt, net of cash. Playa is a leading owner and operator of all-inclusive resorts in Mexico, the Dominican Republic and Jamaica and Hyatt is currently the beneficial owner of 9.4% of Playa’s outstanding shares. “Hyatt has firmly established itself as a leader in the all-inclusive space, a journey that began in 2013 through an investment in Playa Hotels & Resorts that launched the Hyatt Ziva and Hyatt Zilara brands,” said Mark Hoplamazian, President and Chief Executive Officer, H...