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Dec242024 by FWMNo Comments

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

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 2024Flex 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 basisBengaluru, 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 BengaluruLulu 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 2024KONE 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

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Only Delhi-NCR saw a rise in both housing supply and salesBoth 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.

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Wednesday, December 18, 2024 5:01PM IST (11:31AM GMTBBMP 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

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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 marketsSINGAPORE & 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...

Dec122024 by FWMNo Comments

ArcelorMittal and LanzaTech Announce Ethanol Production Milestone and Shipment of First Barge from Flagship Steelanol Facility in Belgium

Architecture, Home Improvement, LIFE & ARTS, News

CHICAGO, December 11, 2024. LanzaTech Global, Inc. (NASDAQ: LNZA) (‘LanzaTech’), the carbon recycling company transforming above-ground carbon into sustainable fuels, chemicals, materials, and protein, and ArcelorMittal S.A. (‘ArcelorMittal’), the world’s leading integrated steel and mining company, today announced that ethanol from ArcelorMittal's Steelanol facility in Ghent, has achieved a production milestone whereby ethanol volumes reached a level which supports shipping by barge.LanzaTech took title to the first barge shipment earlier this month, and the ethanol is enroute to be purified and sold to LanzaTech’s CarbonSmartä customers in fragrance and home care markets. This achievement progresses LanzaTech and ArcelorMittal’s joint strategy to develop a thriving ...

Dec122024 by FWMNo Comments

SANY India Redefines Development with Revolutionary Equipment as “Chariots of Development” at Bauma Conexpo 2024

Architecture, News

Bengaluru, 11th December 2024 : SANY India, a leading manufacturer of construction equipment, have inaugurated its stall at the Bauma Conexpo 2024. With the theme ‘Chariots of Development,’ SANY India emphasizes its commitment to contributing to India’s ambitious vision of Viksit Bharat at 2047 and further driving the infrastructure growth and development. The product showcase celebrates the pivotal role of construction equipment in enabling efficient project execution, facilitating infrastructure development, and empowering the workforce, including engineers, operators, and technicians. By highlighting the synergy between advanced machinery, infrastructure projects, and the people behind them, SANY India reinforces its dedication to nation-building and creating a prosperous and sustainab...

Dec122024 by FWMNo Comments

‘Shuttle by Dalmia Bharat’, Dedicated To The Nation

Architecture, Lifestyle, News

The Hon’ble Chief Minister of Odisha, Mohan Charan Majhi and Chief Minister of Assam, Dr. Himanta Biswa Sarma inaugurate the Dalmia Bharat Pullela Gopichand Badminton Academy at the Kalinga Sports Complex in a grand ceremonyBengaluru, 12th December 2024 : "Shuttle by Dalmia Bharat", a High-Performance Centre (HPC) dedicated to promoting excellence in badminton, was inaugurated at the Kalinga Stadium in Bhubaneshwar by the Chief Minister of Odisha, Mohan Charan Majhi and the Chief Minister of Assam, Dr. Himanta Biswa Sarma in the presence of India’s Chief National Coach, Pullela Gopichand and Puneet Dalmia, Managing Director, Dalmia Bharat. The HPC, a three-way collaboration among the state of Odisha, Pullela Gopichand Badminton Foundation (PGBF) and Dalmia Bharat Grou...