Lulu Group to build more malls in India
Real Estate

Lulu Group to build more malls in India

Lulu Group has invested Rs.70 billion in the construction of five shopping malls in India. The group now aims to build approximately a dozen more malls as it sees tremendous development potential in t...

Lulu Group has invested Rs.70 billion in the construction of five shopping malls in India. The group now aims to build approximately a dozen more malls as it sees tremendous development potential in the Indian retail market. The group now operates five malls in India, with 3.7 million sq ft of leasable space each, in Kochi, Trivandrum, Thrissur, Bengaluru, and Lucknow.In Lucknow, Uttar Pradesh, the group opened a sizable shopping centre with 2.2 million sq ft of built-up area and 1 million sq ft of the leasable area last month. Over 300 foreign and domestic brands can be found at the mall, which was developed for an estimated investment of Rs.20 billion. Contact: Lulu Group E-mail: headoffice@ae.lulumea.com Website: www.lulugroupinternational.com

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Technology

BBMP Pledges Faster E-Khata Processing Amid Citizen Complaints

Facing mounting complaints over delays in e-khata issuance, the Bruhat Bengaluru Mahanagara Palike (BBMP) has promised to resolve the issue within 10 days. BBMP Chief Commissioner Tushar Giri Nath assured citizens that efforts are underway to expedite processing rates from the current 2,000 to a target of 10,000–15,000 applications daily. "We have cleared 90% of the 90,000 pending applications, leaving only 4,500 to process. To meet the demand, over 800 additional staff and assistant revenue officers (AROs) have been deployed to manage applications in each ward," Nath stated. Persistent Dela..

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Real Estate

Delhi HC Orders DDA to Assist CBI in Housing Lapses Probe

The Delhi High Court has instructed the Delhi Development Authority (DDA) to fully cooperate with the Central Bureau of Investigation (CBI) in its probe into alleged lapses in the construction of 336 high-rise HIG/MIG houses at Signature View Apartments, north Delhi. Justice Chandra Dhari Singh emphasized that DDA must furnish information about any internal inquiry and the officials involved to facilitate the investigation. The court noted CBI’s submission that DDA had not responded to multiple reminders since July, delaying the probe. The CBI is investigating allegations of "cheating, crimi..

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Infrastructure Urban

Mahindra Lifespace to Appeal Tamil Nadu GST Tax Demand

Mahindra Lifespace Developers Ltd has announced a tax demand of Rs 20.9 million imposed by the Tamil Nadu GST department, including interest and penalties. The order, issued by the Assistant Commissioner of State Tax, Chengalpattu, cites an alleged shortfall in GST payments under Section 74 of the GST Act, 2017. The realty firm refuted the allegations, stating, “Based on the company's assessment, there is no noncompliance, and a general penalty has been imposed.” The company plans to appeal the order, expressing confidence in a favorable resolution. Mahindra Lifespace assured stakeholders ..

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