Author: AU News Bureau

Ajmera Realty & Infra India has onboarded Jayesh Mehta as an independent director. Effective from 11th August 2024 for a tenure of five years, Mehta brings over 35 years of experience in Indian fixed- income markets and has made significant contributions towards the sector with a commendable career track record. He is currently vice chairman and CEO of DSP Finance from January 2024. He was MD, country treasurer at Bank of America N.A. till Dec 2023. Furthermore, he has held leadership roles in industry associations, including the Primary Dealers’ Association of India and FIMMDA and contributed to regulatory and legislative…

Manufacturer of SPC( Stone Plastic Composite) and hybrid flooring products, CFL Flooring (Creative Flooring Solutions), recently announced that construction of its new manufacturing facility in North Vietnam is in process, with first shipments due in Q4 of this year. This expansion represents a significant step in CFL’s strategy to maintain its position as the reference for diversified supply, with the Adairsville (Georgia, USA), China, and Vietnam factories serving as its main pillars. “Spanning 750,000 square feet, this state-of-the-art facility, once at full capacity, will drastically increase our capacity to meet the growing demand for our innovative flooring products,” said Thomas…

Global investor Warburg Pincus acquired a majority equity stake in Ebco Private, one of the key Indian players in the furniture fittings and architectural hardware segment. The valuation of the company was not disclosed. The promoters will retain a significant minority stake in Ebco and will be actively involved in the future growth of the business. Founded in 1963, Ebco is one of India’s oldest and most prominent furniture fittings and architectural hardware brands, said a company statement. “We believe that the Indian furniture fittings and architectural hardware industry is poised for significant growth over the next several years, underpinned…

According to Archpaper, at the Brooklyn Children’s Museum, children immerse themselves in imaginative play within miniature storefronts and a bird nest–inspired playscape. Soon, the museum will extend its interactive offerings outdoors with a planned garden, designed by Gans and Company, that will add 20,000 square feet of accessible, programmable space to the museum’s campus. This week marked the groundbreaking of the first phase of the Brooklyn Children’s Museum’s Earth Science Garden, an outdoor exhibit where young visitors will explore and learn about the geological makeup of the earth beneath their feet. To create this new green space, a greenhouse and…

According to Dezeen, Global architecture studio Populous has unveiled its plans for Aramco Stadium, a 47,000-seat sports venue in Al Khobar, Saudi Arabia, designed to be “iconic in the football world”. Set to host the upcoming 2027 AFC Asian Cup, the building will be defined by a spiralling form intended to evoke waves, in a nod to its position on the coast of the Arabian Gulf. Populous is also developing it to meet the requirements to be a 2034 FIFA World Cup venue. Populous has released visuals of Aramco Stadium Aramco Stadium’s curved design is intended to be “instantly…

The Mies Crown Hall Americas Prize (MCHAP) at the Illinois Institute of Technology’s College of Architecture has announced the four finalists for the Cycle 5 MCHAP Prize for Emerging Practice (MCHAP.emerge), recognizing projects completed in 2022 and 2023 across North and South America. Selected from over fifty nominations, these projects, designed by architects within the first ten years of their careers, showcase a diverse range of scales, materials, and site conditions. The jury emphasized the significance of these works in reflecting the evolving role of architects and landscape architects in shaping the built environment. “The talent emerging in the Americas…

According to The Standard, Architects are urging the government to increase consultancy contracts and restart delayed projects, warning that their profession is on the brink of collapse. In a letter to Secretary for Development Bernadette Linn Hon-ho, Association of Architectural Practice chairman Dennis Lau Wing-kwong highlighted the severe challenges facing architects since the pandemic. Lau noted that despite the removal of property cooling measures, the market remains cautious, with very few private housing projects in development. Additionally, job opportunities from mainland projects, once a vital source of business, have nearly vanished, leading to layoffs across the industry. He warned that…

Zo World, a leading innovator in tech-enabled social real estate, is thrilled to unveil the latest Zo House in Whitefield, Bangalore. This state-of-the-art clubhouse blends techno-optimistic hospitality with fractionally-owned luxury real estate, creating a never before experience for an invite-only audience of artists, web3 innovators, entrepreneurs, inventors, creators, and global citizens. Founded by Dharamveer Singh Chouhan and Chetan Singh Chauhan (the brains behind the massive success of Zostel), Zo House offers an innovative platform for techno-optimists around the world, to connect and thrive within a 100% vibe-checked community that owns & operates the collective territory of global clubhouses, as a connected family. Members…