News – Page 6 – Property World Global

Dec302024 by FWMNo Comments

Ellington Properties Unveils Its First Beachfront Residences on Dubai Islands: Ellington Cove

DUBAI, UAE, Dec. 30, 2024 /PRNewswire/ -- Ellington Properties, a leading Dubai real estate developer, has announced its inaugural beachfront residential development, Ellington Cove, located on Dubai Islands. This marks a significant milestone for the developer as it ventures into coastal living, blending architectural sophistication with waterfront serenity. Setting a New Standard for Beachfront Living Ellington Cove: Waterfront luxury with beach access, Gulf views, and Dubai's vibrant attractions nearby. Elie Naaman, Ellington Properties Co-Founder and CEO Ellington Cove is a premier waterfront development offering direct beach access, sweeping views of the Arabian Gulf, and a tranquil seaside lifestyle—all within close proximity to Dubai's vibrant urban attractions. ...

Dec292024 by FWMNo Comments

Macquarie Real Estate Partners announces investment in IDA, a specialist real estate private credit and investment manager

News

Sydney, 18 December 2024 Macquarie Real Estate Partners (MREP), a real estate fund managed by Macquarie Asset Management’s Real Estate division (MAM), announced it has invested in IDA, a leading Australian specialist real estate private credit and investment manager. The investment by MREP will provide additional funding to support the continued growth of IDA’s specialist real estate private credit and investment management platform. IDA remains focused on seeking to deliver attractive risk-adjusted returns for its client base across Private Credit, High Yield and Land Syndication & Community Creation investment strategies, leveraging the growing demand for Australian real estate development financing which is underpinned by a structural undersupply of housing and reduc...

Dec272024 by FWMNo Comments

AnTeRa Kitchen & Bar Unveils New Culinary Extravaganza in Bengaluru

LIFE & ARTS, Lifestyle, News

Renowned Actor Nikhil Siddhartha inaugurated the new AnTeRa Kitchen & Bar at Outer Ring Rd, Marathahalli, Bengaluru~ ~Showcasing the True Essence of Kannada Cuisine with the Launch of Its First Restaurant in Bengaluru~ PHOTOS BY P K ANANTH KUMAR Bengaluru, December 24, 2024: AnTeRa Kitchen & Bar, a name synonymous with exceptional culinary experiences, has expanded its horizons to Bengaluru, introducing a rich tapestry of Telugu flavors to the heart of the city. The grand opening on December 18, 2024, was graced by renowned actor Nikhil Siddhartha as the chief guest, turning this culinary event into an evening of glamour and exquisite taste. The event was a true celebration of Kannada culture and culinary heritage which unfolded with a red-carpet welcome followed by...

Dec242024 by FWMNo Comments

2024 marks third consecutive year of record office leasing at 66.4 million sq ft, 14% up YoY

News

Bengaluru demand crossed 20 million sq ft mark for the first time; Hyderabad & Mumbai demand also peaked with at least 10 million sq ft leasing each in 2024 Flex space leasing touched all time high at 12.5 million sq ft driving 19% of the overall space uptake Q4 2024 witnessed highest quarterly leasing of the year at 19.7 million sq ft, a 14% growth over third quarter 2024 new supply rose 6% YoY at 53.3 million sq ft, led by Bengaluru & Hyderabad; India vacancy levels dipped by 80 bps on an annual basis Bengaluru, 24 December 2024: The office market in 2024 has achieved another consecutive demand milestone, with leasing activity across the top six cities reaching 66.4 million sq feet. This corresponds to a strong 14% growth year-on-year in leasing activity. Bengaluru ...

Dec222024 by FWMNo Comments

Lulu Expands Retail Presence in Bengaluru with New Stores at VR, Whitefield

Home Improvement, LIFE & ARTS, Lifestyle, News

The first standalone REO store in India Opens in Bengaluru Lulu Group has expanded its retail footprint in Bengaluru with the launch of three exciting new stores at VR Bengaluru in the Whitefield area. The new outlets, Lulu Daily, Lulu Connect, and REO, are designed to cater to the diverse needs of shoppers, marking a significant step in the company’s growth in India's retail market. At a grand ceremony, Abdul Khader, CMD of Express Group, inaugurated Lulu Daily, while Vijay, Vice President, VR South Asia launched Lulu Connect and Mahendra, Vice President, Mahendra Homes, inaugurated REO with the presence of Ashraf Ali M.A., Executive Director of Lulu Group. Other notable attendees included Rohan Anand, Director at VR South Asia, Prabhakar, Gopalan Group Director along with other dig...

Dec212024 by FWMNo Comments

KONE to equip world’s tallest residential-only building in Dubai

Architecture, News

KONE Corporation, 17 December 2024 KONE Corporation, a global leader in the elevator and escalator industry, has won an order to provide a suite of People Flow® solutions for the world’s tallest residential structure, called Burj Binghatti Jacob & Co Residences. Rising over 100 storeys in Dubai’s financial center, the Business Bay area, the development will meet the demand for high-end apartments while offering future occupants with an ultra-luxurious living experience. As the name implies, the Burj Binghatti Jacob & Co Residences is constructed in partnership with Dubai-based property developer, Binghatti, and jewelry company Jacob & Co. Upon completion in 2027, it will surpass the height of the current record holder for the tallest residential-only building, Cent...

Dec212024 by FWMNo Comments

Housing supply in top 9 cities drops 33%, sales fall 21% in Q4 CY2024: PropEquity

News

Only Delhi-NCR saw a rise in both housing supply and sales Both housing supply and sales fell in other top 8 cities Hyderabad saw maximum drop in supply at 52% and sales at 47% On Q-o-Q, housing supply rose by 7% and sales by 5% New Delhi, December 21, 2024: Housing supply in top 9 cities is expected to drop 33% and housing sales by 21% in the October-December period of CY2024, according to a report by PropEquity. The NSE-listed real estate data analytics firm said that housing supply fell to 85,765 units in Q4 CY2024 (October-December) as against 1,27,936 units in the same period last year. However, supply rose 7% in Q4 CY2024 from 80,284 units in Q3 CY2024 (July-September). The housing sales fell to 108261 units in Q4 CY2024 as against 137225 units in the same period ...

Dec182024 by FWMNo Comments

RWAS / Public & Private institutions are asked to implement BBMP Community animals guidelines by January 15, 2025.

News

Wednesday, December 18, 2024 5:01PM IST (11:31AM GMT BBMP had issued a simplified version of AWBI guidelines that encompasses all the do's and don'ts applicable for RWAs /AOAs / Public & private insitutions as per Prevention of Cruelty to Animals Act, 1960, Animal Birth Control Rules, 2023 and additional high court as well as supreme court orders. The guidelines largely covered key points on: Pet animals' management, assignment of feeding spots for community dogs, educating residents about animal laws and animal rights, and dog bite management. While few RWAs / AOAs and instituitions have been proactive in implementing the guidelines, there are many more associations and instituitions that are yet to implement the guidelines in letter and spirit. The recent high court order fo...

Dec172024 by FWMNo Comments

Tata Steel Makes History with India’s First-Ever All-Women Shift in an iron ore mine

Architecture, Home Improvement, Lifestyle, News

Tata Steel’s "Women@Mines" and "Tejaswini" initiatives empower women for all roles in mining operations ~ Mumbai, December 16, 2024: Tata Steel has taken a historic step to break barriers by operationalising an all-women shift at its Noamundi Iron Mine starting today. This initiative, India’s first, underscores the Company’s unwavering commitment to creating an equitable workplace and empowering women in traditionally male-dominated industries. This shift will comprise women employees for all the mining activities of the shift including Heavy Earth Moving Machinery (HEMM), shovel, loader, drill, dozer operators, and shift supervision. The all-women shift was flagged off by Shri Shyam Sundar Prasad, Dy. Director General, Mines Safety, SE Region, Ranchi, Jharkhand, marking a new beg...

Dec132024 by FWMNo Comments

EQT Completes Acquisition of PropertyGuru

News

PropertyGuru enters into next phase of growth as Southeast Asia’s leading property technology platform, empowering millions of property seekers across the region with innovative solutions EQT to harness its deep expertise in scaling digital marketplace and classifieds businesses to drive technology innovation, operational excellence, and market expansion Sets the stage for PropertyGuru to capitalize on urbanization, middle-class growth, and digitalization trends across the region’s dynamic real estate markets SINGAPORE & NEW YORK – December 13, 2024 – EQT Private Capital Asia and PropertyGuru Group Limited (NYSE: PGRU) (“PropertyGuru” or the “Company”), Southeast Asia’s leading1 property technology (“PropTech”) company, are pleased to announce the completion of the acquisition...