Showing posts from 2021

Mumbai lowest-ranked Indian city with a global ranking of 146th on the index, registering a decline of 1.8% in home prices: Knight Frank Global Residential Cities Index Q3 2021

by Shrutee K  Annual average residential price across 150 global cities increases by 10.6% in Q3 2021: Knight Frank Report Mumbai lowest-ranked Indian city with a global ranking of 146th on the index, registering a decline of 1.8% in home prices   Mumbai, December 2021 : In its latest report  Global Residential Cities Index Q3 2021 , Knight Frank, a leading international property consultancy cited that residential price across the 150 cities worldwide increased at an annual average of 10.6% YoY in Q3 2021. This is recorded as the fastest residential price growth rate since Q1 2005. The report highlighted that 93% of cities saw prices increase over the 12-month period. 44% of cities registered double-digit price growth in the year to Q3 2021. Knight Frank’s Global Residential Cities Index has featured four Indian cities i.e. Hyderabad, Chennai, Kolkata and Ahmedabad to have witnessed residential price appreciation in Q3 2021.    Hyderabad positioned at 128 th  rank on Global Residential

Skipper Vaisnavi slams 4 in Krida Prabhodini win

Mumbai, December :  Skipper Vaishnavi Pawar leading by example struck four goals to steer Krida Prabhodini, Pune to a fluent 5-0 win against Next Sports Academy, Palghar in a fourth-round match of the  WIFA Women’s Football League played at the Cooperage Football ground. This is the qualifying tournament, for the AIFF Indian Women’s Football League 2021-2022. Earlier, PIFA Sports, Mumbai were held by arch-rivals India Rush SC, Mumbai to a goalless draw. The dashing forward Vaishnavi netted her first goal in the 10 th  minute to give the Pune side an early lead. Seven minutes later Vaishani was again on target for her second and doubled the team’s lead 2-0. The young Palghar outfit was unable to put a check on Vaishnavi who scored her third goal to complete her hat-trick and give the Pune team a 3-0 half-time cushion.  In the second session, Krida Prabhodini scored two more goals through Purva Gaikwad in the 50 th  minute, and Vaishnavi fired home the fifth goal in the 64 th  minute to

Overview of 2021 and plans for 2022- Year Ender Article Written by Mr. Irfan Razack, Chairman and Managing Director of Prestige Group

by Shrutee K The year 2021 began on a great note and we all presumed with vaccines in place and the population getting vaccinated on a large scale very soon, we will go back to normalcy and continue with life as usual. However, all these thoughts vanished overnight, when in March’21 we were hit with the devastating second wave which brought in panic, fear and many of us lost close family members and friends. The mood was somber and stressful. It was all about keeping ourselves safe and finding hospital beds for those who needed them. It was also time for us to give back to society by ways of helping with equipment for hospitals, oxygen cylinders, and setting up spaces for quarantine.   We had two months of lockdown in April’21 and May’21 and it was a period best forgotten. We at Prestige took positive actions by ensuring that all our employees and their families were vaccinated. We also took steps to ensure the labor force of our contractors was vaccinated. This enabled a safe and heal

Motilal Oswal Real Estate commits INR1,200 Cr through its platform post pandemic

by Shrutee K Mumbai, 22 nd  December 2021 : Motilal Oswal Real Estate (“MORE”), the real estate private equity arm of Motilal Oswal Group has post the outbreak of COVID-19 cumulatively committedINR1,200 Cr through its platform.  This amount has been committed across residential and commercial projects in Mumbai, Bangalore, Chennai, Hyderabad and Ahmedabad. These investments have been made with  Casagrand Group and Radiance Realty in Chennai ,  Ashwin Sheth Group and Marathon Group in Mumbai, Puravankara Group, Shriram Properties, Pacifica Group and Casagrand Group in Bangalore and Phoenix Group in Hyderabad . The real estate projects are a mix of plotted, villa and apartment projects in the affordable/ mid-income residential segment across these cities. There are also a couple of commercial projects in which MORE has invested through this platform. It also marks MORE’s first investment with Puravankara Group, AshwinSheth Group, Marathon Group and Pacifica Group.   These investments hav