NEW DELHI: Marathon Nextgen Realty (MNRL) has partnered with Adani Realty to launch the Monte South Commercial project in Byculla, Mumbai, focusing on office and retail spaces.
The development will cover approximately 1.2 million sq ft and is valued at an estimated ₹3,400 crore.
Monte South Commercial is part of the expansive Monte South campus, which includes four residential towers soaring over 64 storeys, amounting to over 1.6 million sq ft of residential saleable area.
KOCHI: The Greater Cochin Development Authority (GCDA) launched a land pooling office for the Infopark Phase III campus on Friday, marking the commencement of the land pooling process. Industry Minister P Rajeeve inaugurated the office within the Infopark campus, which will oversee the pooling of approximately 500 acres in Kunnathunad for the planned AI-integrated township. “As GCDA advances with land acquisition, Infopark will focus on designing and developing the campus’s software,” revealed Infopark CEO Sushanth Kurunthil. “The main objective of this campus is to implement all essential services through artificial intelligence, relying on real-time data analysis,” he added. “Operations will…
HYDERABAD: The real estate market in Hyderabad shows signs of resurgence as the Telangana Housing Board successfully sold a commercial plot for Rs 33 crore and another for Rs 11 crore in Gachibowli. The board held an auction on Monday, offering plots in Gachibowli, Chintal, Nizampet, among others, generating a total revenue of Rs 65 crore. According to Telangana Housing Board (THB) commissioner VP Gautam, one commercial plot spanning 1,487 square yards in Gachibowli was sold at Rs 2.20 lakh per square yard, bringing in Rs 33 crore. The government had initially set an upset price of Rs 1.20 lakh…
AI-generated image (representative) NAGPUR: On Tuesday, the state cabinet approved a new policy aimed at attracting investments in Global Capacity Centres (GCCs). The initiative emphasizes Tier-2 and Tier-3 cities such as Nagpur, Nashik, and Chhatrapati Sambhaji Nagar, with a goal of increasing the number of GCCs in the state to 800. This policy, effective from 2025 to 2030, seeks to draw in investments totaling ₹50,600 crore and create 400,000 new jobs. Currently, Maharashtra is home to 400 GCCs that employ 400,000 individuals. With this decision, Maharashtra joins other states like Gujarat, Karnataka, Madhya Pradesh, and Uttar Pradesh in having a…
