Author: AU News Bureau

TK Elevator, the esteemed German multinational elevator corporation, recognizes the dynamic nature of India’s mobility sector and remains dedicated to fostering innovation and advancement within the industry. The company’s consistent growth trajectory, coupled with its steadfast support across various sectors such as commercial, retail, public infrastructure, healthcare, hospitality, and education, underscores its commitment to the local market. With India’s economy experiencing a surge, there has been an increasing demand for upscale residential properties, presenting TK Elevator with abundant opportunities for expansion in this market segment. TK Elevator’s resolute dedication to serving India’s burgeoning infrastructure and economy prompted the establishment of…

The luxury real estate market in India experienced a remarkable increase in the sales value of luxury homes priced at INR 50 crore and above, reaching INR 4,319 crore in 2023, a significant increase of approximately 1.5 times compared to the value of INR 2,859 crore recorded in 2022. This surge in sales value was accompanied by a rise in the number of transactions, with at least 45 luxury homes sold in 2023, compared to 29 homes sold in the previous year. Out of the 45 transactions, 58% were apartments and the rest 42% were bungalows. The city of Mumbai…

BLUM, one of the global leaders in innovative kitchen and furniture fittings, has opened of its newest experience centre in Bangalore, in partnership with Fabluxe Home Solutions. Strategically situated at 2, 110 Rashtriya Vidyalaya Rd., Vishweshwarapura, Mavalli, Bengaluru, Karnataka 560004, this cutting-edge facility promises to revolutionise the way customers experience BLUM’s premium solutions in the heart of Bangalore. The new BLUM experience centre was inaugurated by Nadeem Patni, Managing Director, BLUM India, and Preet Shah and Ashita Shah, Directors, Fabluxe Home Solutions. BLUM offers top-quality, “made in Austria” furniture fittings to its customers in trade, the furniture industry, the interior…

Godrej & Boyce, the leading company under the Godrej Group, has announced the successful completion of interior work for the Mega Common Facilitation Centre (CFC) at SEEPZ, Andheri, by its business arm, Godrej Interio, India’s foremost furniture solutions brand in both home and institutional sectors. Covering an extensive area of 75,000 sq.ft., this project spans six floors, showcasing state-of-the-art facilities. Spearheaded by the Ministry of Commerce, this endeavor signifies a significant step towards establishing a distinguished center equipped with advanced technology to foster innovation, design, and manufacturing within the gems and jewellery sector. Godrej Interio took charge of the comprehensive…

Otis India, a subsidiary of Otis Worldwide Corporation (NYSE: OTIS) – the global leader in elevators, escalators, and moving walkways manufacturing – emerges as a key victor in India’s Smart Lift and Mobility Awards 2024. Garnering accolades in various categories, Otis clinches the esteemed Project of the Year title, alongside recognition for exceptional contributions in modernization, maintenance, and sustainability efforts. Project of the Year: Statue of Unity The 135-meter-tall Statue of Unity in Gujarat, India, is the world’s tallest statue. The two Otis SkyRise® elevators inside the statue move thousands of daily visitors to the viewing gallery. Best Modernized Elevator:…

VitrA, a leading brand in bathroom solutions from Eczacıbaşı Building Products Division in Turkey, has launched the VitrA Root Flush Plates, marking the introduction of a new flush plate series. Redefining bathroom aesthetics, the Root Flush Plates boast a modern and streamlined design, featuring larger buttons for enhanced ergonomics. This extensive colour palette complements VitrA armatures, allowing customers to personalize their bathroom spaces like never before. Designed to seamlessly integrate with VitrA concealed cisterns, the Root Flush Plates ensure a swift and convenient installation process with their user-friendly assembly feature. These flush plates are not only durable but also come…

The Manipal School of Architecture and Planning, a part of MAHE, Manipal, has invited prospective students and their families for its Open House event on Thursday, March 28 from 9:30 AM to 5 PM. Attendees will have the exclusive chance to experience the world-class educational center, which boasts of an exotic context with the breathtaking backdrop of the Western Ghats. This setting provides an inspiring glimpse into the rigorous and rewarding field of architecture and design. During the Open House, visitors will enjoy personal interactions with our esteemed faculty, offering insights into the educational journey. The event will provide an…

According to HT, the real estate regulatory authority (RERA), Gurugram, revoked the registrations of five real estate projects of Mahira Infratech Private Limited on March 19 after the builder allegedly diverted the amounts deposited by homebuyers in these projects. “The Authority, after going through the facts of the matter and details brought on record during the proceedings, is satisfied that the promoter has willfully violated various provisions under the RERA Act 2016 and Rules and Regulations. The Authority has observed that the promoter has unlawfully diverted the amounts deposited by the innocent homebuyers in all its five projects,” it said…