The Reserve Bank of India plans to create indices for commercial and residential properties in Ahmedabad to manage speculation and realty bubble risks.
Som Distilleries acquires 50-acre plot in Gwalior for Rs 266 crore to develop retail mall, hotels, and residential apartments.
Developers in India are projected to invest $5 - 10 billion in retail space, with several major projects announced in Mumbai, Hyderabad, and Bhopal.