High Five

Phoenix Mills to Expand Retail Space to 14 Million Sq Ft by 2027

Phoenix Mills, India’s largest mall operator, plans to expand its retail portfolio from 11.5 million square feet to over 14 million square feet by 2027 and 18 million square feet by 2030. The growth will be driven by new developments in cities such as Kolkata, Surat, Coimbatore, Thane and Chandigarh.In financial year 2024–25, the firm spent approximately Rs 26 billion on acquiring development potential and construction activities. It expects to invest Rs 12 billion to Rs 13 billion annually for expansion. Notably, Rs 16 billion was allocated to land acquisitions in Coimbatore, Chandigarh, ..

Chhattisgarh Launches India’s First AI-Based Data Center Park

Chhattisgarh chief minister Vishnu Deo Sai has laid the foundation stone for India’s first Artificial Intelligence (AI)-based Data Center Park in Naya Raipur, marking a significant step in the country’s digital infrastructure development. Spread over 13.5 acres, the project positions India toward becoming a global AI and digital powerhouse.The facility will begin with an initial operational capacity of five megawatts and is planned to expand up to 150 megawatts in future phases. A 2.7-hectare area within the site will function as a Special Economic Zone (SEZ). Operated by a private technol..

Godrej Properties Sets Rs 325 Billion Sales Goal for FY26

Godrej Properties is targeting Rs 325 billion in sales bookings for financial year 2025–26, around ten per cent more than the Rs 294.44 billion recorded in FY25. It also plans to launch new residential projects worth Rs 400 billion in key markets including Mumbai, National Capital Region, Pune and Bangalore.The company sold 15,302 residential units in FY25, achieving the highest-ever annual residential sales in India’s real estate sector. The initial guidance had been Rs 270 billion for the year.In the fourth quarter of FY25, revenue from operations rose by 49 per cent to Rs 21.22 billion,..