News – Page 60 – Property World Global

Jun262024 by FWMNo Comments

India’s Data Centre Revolution: Potential for 5X Capacity Expansion to Fuel Digital Transformation: Cushman & Wakefield

News

Cushman & Wakefield report analyses that despite a strong pipeline projection of 3.29 GW of Colocation (Colo) data centre capacity by 2028, India will require an additional data centre capacity of 1.7 – 3.6 Gigawatt (GW). This is over and above the planned development of 2.32 GW. Gurugram, 26 June, 2024 – In a bid to assess whether India’s data centre capacity will meet the nation’s growing digital needs, Cushman & Wakefield today unveiled a groundbreaking report: "Is India Building Enough to Power its Digital Transformation?". Through a first-of-its-kind analysis, the report conservatively estimates the potential data centre capacity India will require to align with other major economies. The findings reveal a potential for an additional 1.7-3.6 GW data centre capacity, over ...

Jun262024 by FWMNo Comments

Robust leasing of 29.4 million square feet in H1 2024 resonates strong developer & investor confidence in India office market

News

Office market well placed to cross 50 million square feet of absorption in 2024: third year in a row Q2 2024 saw 15.8 million square feet of leasing across the top 6 cities Developer confidence remains strong with 13.2 million square feet of completions in Q2 2024 With 52% cumulative share in Q2 2024, Bengaluru and Mumbai drive India office demand Technology and Engineering & manufacturing sectors account 45% of quarterly demand, highest flex space activity in any quarter Bengaluru, 26 June 2024: Office market continued its strong performance in Q2 2024, registering 15.8 million square feet of office leasing across the top 6 cities, marking a notable 16% rise over previous quarter. 4 out of 6 cities saw more than 20% increase in office leasing in the second quarter on...

Jun262024 by FWMNo Comments

JK Cement Boosts Production Capacity with the Addition of New Grinding Unit at Prayagraj

Home Improvement, News

Prayagraj, Uttar Pradesh, India Jun 25, 2024 18:16 IST JK Cement, a leading Indian manufacturer of grey cement and prominent global white cement producer, today announced the commissioning of a new grinding unit at its Prayagraj Plant in Uttar Pradesh. This significant milestone, achieved in a record time of under ten months, strengthens JK Cement’s commitment to meet the growing demand for cement and solidify its position as a key industry leader. JK Cement Inaugurates New Grinding Unit at Prayagraj Plant in Uttar Pradesh The Prayagraj Plant is a 2 MTPA Clinker Grinding unit project which will increase the overall capacity of the organization from the present 22 MTPA to 24 MTPA. This strategic move allows the company to efficiently cater to the burgeoning demand f...

Jun252024 by FWMNo Comments

Prices of under-construction projects increase 15.2% QoQ across top 13 cities: Magicbricks Propindex Report (April-June 2024)

Business & Finance, News

Supply of Under construction properties increased 11.72% QoQ Aggregate residential demand increased 4.6% QoQ, supply increased 3.5% QoQ and prices increased 4% QoQ across the 13 cities Bengaluru, 25th June 2024 : Between April and June 2024, residential supply witnessed the highest growth rate in the last 24 months, driven by the increasing availability of under-construction properties, shared the recently published PropIndex Report (April-June 2024) by Magicbricks, India’s leading real estate platform. According to the report, the supply of under-construction properties has increased by 11.7% QoQ, whileprices have risen by 15.2% QoQ between April-June 2024. This surge has resulted in prices of under-construction properties surpassing those of ready-to-move properties in several c...

Jun252024 by FWMNo Comments

BROOKFIELD PROPERTIES IN INDIA RECEIVES ‘EDGE CHAMPION’ RECOGNITION BY IFC FOR SUSTAINABLE EXCELLENCE

Home Improvement, Lifestyle, News

~Institutionalizes 8 assets across its Southern Portfolio in Bengaluru and Chennai ~ BENGALURU, India, June 25, 2024 /PRNewswire/ -- Brookfield Properties in India has been awarded the EDGE Excellence in 'Design for Greater Efficiencies Champion' recognition by International Finance Corporation (IFC), the private sector arm of the World Bank. This esteemed certification acknowledges the organization's commitment to sustainability in India's commercial workspace landscape. Brookfield Properties received the EDGE Champion certification for its southern portfolio covering over 16.5 million square feet of space, including Ecospace, Ecoworld, Centennial, Northstar, Azure, NXT and the Galleria mall in Bengaluru and the Millenia Business Park in Chennai. Achieving this certification repres...

Jun252024 by FWMNo Comments

Regal Hospital Introduces Karnataka’s First Rezum Procedure for Benign Prostatic Hyperplasia

LIFE & ARTS, Lifestyle, News

Bengaluru, Karnataka –Monday, June 24, 2024 11:59AM IST (6:29AM GMT Regal Hospital is proud to announce the successful completion of Karnataka's inaugural Rezum surgical intervention for benign prostatic hyperplasia (BPH). This groundbreaking procedure was performed on a 68-year-old patient, marking a significant advancement in the treatment of BPH within the region. The Rezum method utilizes the innovative application of water vapour to ablate excess prostate tissue, offering a minimally invasive solution that allows for same-day discharge. Dr. Surirajuv, a senior urologist at Regal Hospital, led the pioneering procedure, highlighting the technique's benefits and efficiency. "This procedure represents a significant step forward in the treatment of BPH," said Dr.Suriraju,V, MD &...

Jun192024 by FWMNo Comments

Hyatt expands its brand footprint in India with a second Hyatt property in Bengaluru

Architecture, News

Chicago, Illinois, United States Jun 19, 2024 17:08 IST Hyatt Hotels Corporation (NYSE: H): announced the grand opening of Hyatt Centric Hebbal Bengaluru, marking the eighth Hyatt Centric hotel in India and underscoring Hyatt's ambitious growth strategy for its brands in the country. Located in the heart of the lively entertainment hub of Bengaluru and in close proximity to the airport, this 152-room hotel brings a modern yet playful twist to the city's cultural charm for savvy leisure and business travelers alike. Hyatt Centric Located on Bellary Road near Aster CMI, Hyatt Centric Hebbal Bengaluru is close to major business parks and the Mall of Asia Hyatt Centric Hebbal Bengaluru stands as an ideal gateway for adventurous guests’ who wish to explore the city's r...

Jun192024 by FWMNo Comments

Rainbow Children’s Hospital in Marathahalli, Bangalore Attains Coveted JCI Accreditation

Lifestyle, News

Bengaluru, June 18, 2024 : Rainbow Children’s Hospital and BirthRight by Rainbow hospitals, a well-known healthcare facility for child and women care in India, is pleased to announce its receipt of the esteemed 'Gold Seal of Quality Approval' from the Joint Commission International (JCI), for its hospital in Marathahalli, Bengaluru. The accreditation achieved by Rainbow Children’s Hospital and BirthRight by Rainbow, Marathahalli, Bengaluru highlights its commitment to the stringent standards of hospital management and treatment protocols upheld within the institution, thus facilitating elevated levels of patient care. This attainment necessitates substantial dedication from the entire hospital team, as it entails meeting a comprehensive checklist comprising 14 chapters and over 1200 mea...

Jun162024 by FWMNo Comments

Joyalukkas expands its presence in Kammanahalli, Bangalore with its 2nd Jewellery Showroom

LIFE & ARTS, Lifestyle, News

Bangalore, India, June 2024: Joyalukkas, the globally acclaimed jeweller broadened its footprint in Bangalore, India, as part of its expansion plans with the grand opening of its 2nd experiential jewellery showroom in Kammanahalli. The grand unveiling happened on 15th June. Exclusive inaugural offers of ‘Flat 50% off on the making charges of Gold, Diamond, Precious & Silver Jewellery’ are introduced to celebrate the grand opening of Joyalukkas 2nd showroom in Kammanahalli.This incredible offer is valid till 14th July 2024, making it the perfect time for customers to indulge in their favourite jewellery pieces at unbeatable prices. As the World’s Favourite Jeweller, capturing the hearts of millions globally, Joyalukkas invites the residents of Bangalore to experience the grandeur ...

Jun142024 by FWMNo Comments

Payment of property tax; OTS allowed only till July 31: DCM D.K. Shivakumar

News

Bangalore, Jr. 11 "One time settlement (OTS) facility given by Bengaluru Mahanagara Corporation for non-payment of property tax will be available only till July 31. Therefore, tax arrears should make use of this opportunity before the last date," said DCM D.K. Shivakumar said. "The corporation did not put pressure on the issue of tax payment because the elections were going on. The one-time settlement opportunity given by the Corporation to come under the tax ambit for non-payers of property tax will be finalized on July 31. None of this opportunity It does not expand because of that. In this opportunity, 50% exemption has been given on the penalty and 100% interest waiver has also been given. Act implemented by BJP government in haste. Our government is trying to fix this. Citizens ...