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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Infrastructure Urban

NBCC bags construction order worth Rs 5 Bn

NBCC India said it has bagged a construction order worth Rs 5 billion from the Bureau of Indian Standards. As per the order, NBCC will construct buildings at BIS headquarters in New Delhi, central laboratory, Sahibabad, National Institute of Training for standardisation, Noida, Northern Regional Laboratory, Mohali and Bangalore Branch Laboratory, Bengaluru. On Monday, November 4, the company said its subsidiary Hindustan Steelworks Construction Ltd (HSCL) bagged work orders worth Rs 650 million in Bengaluru. As per the order, Hindustan Steelworks Construction will undertake development work o..

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Infrastructure Urban

India formally sent LoI to host 2036 Olympics

India took a significant step toward potentially hosting the 2036 Olympic and Paralympic Games. On October 1st, the Indian Olympic Association (IOA) officially submitted a Letter of Intent to the International Olympic Committee's (IOC) Future Host Commission, sources told news agency IANS. This action follows repeated expressions of interest from Indian Prime Minister Narendra Modi, who sees the Games as a potential boon for the nation. "Prime Minister Narendra Modi's vision of hosting the Olympic and Paralympic Games in India in 2036 has taken a significant step forward," a source stated. Th..

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Infrastructure Energy

NTPC, ONGC collaborate on green energy

In a significant move towards renewable energy, Maharatna PSUs NTPC and ONGC have partnered to form a 50:50 Joint Venture Company (JVC) through their respective green energy subsidiaries, NTPC Green Energy Ltd. (NGEL) and ONGC Green Energy Ltd. (OGL). The collaboration aims to expand their footprint in the renewable energy sector, encompassing a range of green technologies and projects, from solar and wind energy to green hydrogen and sustainable aviation fuel. The formal Joint Venture Agreement was signed on February 7, 2024, during India Energy Week, followed by approvals from the Departmen..

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