World – Page 3 – Property World Global

Nov22023 by FWMNo Comments

Mumbai ranks 4th on Prime Global Cities Index in Q3 2023, showcasing impressive growth: Knight Frank

Average annual prices rose 2.1% across the 46 markets Mumbai, New Delhi and Bengaluru witnessed YoY growth in prime residential prices in Q3 2023 Manila overtook Dubai and was ranked 1st in the index, with prime residential prices rising by 21.2% YoY in Q3 2023 Mumbai, 1st November 2023: Knight Frank, a leading international property consultancy, in its recent report ‘Prime Global Cities Index Q3 2023’ noted that Mumbai, Bengaluru and New Delhi, all the 3 Indian cities considered for the study recorded an increase in average annual prices of prime residential or luxury homes in Q3 2023. Mumbai recorded the 4th highest YoY growth in prime residential prices in Q3 2023. The 6.5% increase in prime residential prices has moved the city up by 18 places from 22nd rank in Q3 2022. Ne...

Nov22023 by FWMNo Comments

Property Finder reports record 81% YoY surge in transaction value in existing property market to AED 25.7 billion for October 2023

Business & Finance, News, World

Highlights: Overall, October 2023 witnessed 7,128 transactions worth AED 29.7 billion Transaction volume in the existing property segment grows by 36.8% to 5,602 Strong interest in furnished rental apartments continues DUBAI, UNITED ARAB EMIRATES, 02 November 2023: Property Finder, the leading property portal in the MENA region, has revealed key trends shaping Dubai’s dynamic property market in October 2023. The month saw 7,128 real estate transactions worth a total of AED 29.7 billion, recording a 17.46% increase in value compared to the same month last year. According to the latest data, 60% of property buyers were looking for an apartment, while 40% were interested in villas/townhouses. Meanwhile, in the rental market, around 82% of tenants were searching for apartments...

Oct212023 by FWMNo Comments

LuLu Mall Bengaluru Bags World Record for its Replica of the Cricket World Cup

News, World

This World Cup replica is built of 16,135 nuts, stands 10 feet tall, and weighs 370 kg. The differently abled cricketers were the chief guests at the function; The World Records Union presented the Record Holder Certificate. https://www.youtube.com/shorts/0mJFauDQSKg?feature=share Bengaluru: The eye-catching model of the Cricket World Cup displayed at the north atrium of Lulu Mall astounds every cricket fan and sets the world record for the title “largest number of hexagonal metal nuts used to create the replica of the Cricket World Cup. Clouded in golden, silver, and black, this World Cup replica is built of 16,135 nuts, stands 11 feet tall, and weighs 369.8 kg. This Cricket World Cup replica has been prepared on the same model of the ICC Cricket World Cup 2023, and the Lulu Ev...

Oct192023 by FWMNo Comments

IKEA unveils bridge connecting Nagasandra metro station to its store

Home Improvement, News, World

IKEA Nagasandra inaugurates the new foot-over bridge, to enhance customer convenience and accessibility by connecting the store directly with the Nagasandra metro station Bengaluru, 18th October 2023: — IKEA Nagasandra, today inaugurated a new foot-over bridge at the Nagasandra Metro entrance that directly connects to the store. The construction of the IKEA Nagasandra Bridge commenced in April 2023 and was completed in six months, with the bridge now being fully operational. The foot-over bridge will ensure safety and ease of use for all customers who will be visiting IKEA Nagasandra. About one-third of visitors to IKEA Nagasandra commute by metro and the foot-over bridge will ease the commute between the Nagasandra Metro station and the IKEA store. It will facilitate easy ac...

Oct152023 by FWMNo Comments

SECOND EDITION- Bengaluru Gold Festival-from 15th OCT-30 NOV 2023

News, World

October 14, 2023 Photo and Video By...P.K.Ananth Kumar The 2nd Bengaluru Gold Festival (BGF), scheduled to take place from October 15th, 2023, to November 30th, 2023, promises to be a celebration of Bengaluru's rich heritage in gold craftsmanship and manufacturing. Organized by The Jewellers Association, Bengaluru, this event aims to expand the city's identity by showcasing its historical significance in the realm of gold. Bengaluru, often referred to as the "Garden City" and "Health City," is set to shine as the "Golden City." https://youtu.be/eV3oB8zIQUk Government of Karnataka has agreed to lend tourism logo to the festival , to attract tourist across globe to the festival ,and also add feather to ‘Brand Bengaluru “initiative of the government and we want to th...

Oct102023 by FWMNo Comments

Institutional investments in real estate rise 27% YoY at USD4.6Bn during Jan-Sep 2023; domestic investments up 1.7X

News, World

Foreign investments saw a 47% YoY rise, while domestic investments surged 70% YoY Office sector continued to dominate at 63% share in total inflows Industrial & warehousing and residential sector witnessed a 3.5X and 2.6X YoY rise, respectively Gurgaon, 07 October 2023: Institutional investments in Indian real estate touched USD4.6 bn during January-September 2023, a 27% YoY increase, highlighting the resilience and attractiveness of the market despite prevailing global challenges. It is worth noting that institutional investment inflows for 2023 have already reached 93% of the total inflows recorded in 2022, despite a clouded global economic environment. While foreign investments continued to lead with 77% share in total investments, domestic investments remained strong an...

Sep232023 by FWMNo Comments

Previewing the Road to the 5th World Coffee Conference 2023: A Sneak Peek into the Preparation

World

The first-ever four-day coffee event in Asia, 5th World Coffee Conference is spanned across 30,000 sqm and participation expected from over 80 countries, including 2,400+ Delegates, 117 Speakers, 208 Exhibitors, and over 10,000 visitors • The event is scheduled to be inaugurated on September 25th by Piyush Goyal, Minister of Commerce and Industry, Govt. of India along with other dignitaries • Speakers and members of the coffee community will engage in discussions centered around the theme of "Sustainability through Circular Economy and Regenerative Agriculture." Bengaluru, 23rd September 2023 : International Coffee Organization (ICO), in collaboration with the Coffee Board of India, Ministry of Commerce and Industry, Government of India, Government of Karnataka, and the Coffee i...

Sep212023 by FWMNo Comments

UBS Global Real Estate Bubble Index 2023: Deflating bubbles

News, World

Zurich 20 Sep 2023, 10:00 CEST According to this year’s edition of the UBS Global Real Estate Bubble Index, imbalances in housing markets declined sharply. Only Zurich and Tokyo remain in the housing bubble risk category. For the study, UBS analyzed residential property prices in 25 major cities around the world. From mid-2022 to mid-2023, real house prices in the cities fell by 5% on average. More downside in prices is likely. Zurich, 20 September 2023 – The global surge in inflation and interest rates over the past two years has led to a sharp decline in imbalances in the housing markets of global financial centers on average, according to the UBS Global Real Estate Bubble Index 2023. In this year’s edition, only two cities – Zurich and Tok...

Sep182023 by FWMNo Comments

Danube Properties Launch INR 5600 Crore Project Oceanz in Dubai Maritime City

World

Plans Roadshows across 5 Indian Cities to Attract more Indian Investments Mumbai, Maharashtra, India Sep 18, 2023 12:58 IST Riding high on strong investor demand from Indians, Danube Properties, the fastest-growing private real estate developer in the UAE, announced the launch of Oceanz in a star-studded event. Oceanz with a development value exceeding INR 5600 Crore – that once built at the Dubai Maritime City, will offer unlimited views of the magnificent Arabian Gulf and a new leisure and cruise tourism hub next to the historic Shindagha heritage village. One tower of the two Oceanz towers with 500+ units was sold out on the day of launch while the demand for tower two is going strong. With growing investment demands from Indians, Danube Properties aims to conduct roadshows and o...

Aug102023 by FWMNo Comments

Embassy REIT Welcomes JPMorgan Chase to Its 1.1 msf Built-to-Suit Corporate Centre at Embassy TechVillage in Bengaluru

Architecture, World

Thursday, August 10, 2023 8:28PM IST (2:58PM GMT) Bengaluru, Karnataka, India: Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, today announced that JPMorgan Chase has inaugurated its 1.1 msf built-to-suit office at Embassy TechVillage in Bengaluru. This state-of-the-art facility, which has been designed to JPMorgan Chase’s world-class specifications is constructed on LEED (Leadership in Energy and Environment Design), GOLD Building standards that redefines the workplace experience for its employees. Spread over 103 acres, Embassy TechVillage is a large-scale total business ecosystem with a marquee multinational occupier base that is located in one of India’s best-performing office markets...