GMADA scraps mixed-use plan for Sector 87, opting for pure commercial development modeled on Chandigarh's iconic Sector 17, acquiring 236 acres across three villages.
Converting residential property to commercial requires local authority permission and varies by state. Housing societies often resist, but professional services are typically allowed with approvals.
Merrill Lynch Capital Markets increases its stake in Ansal Properties to nearly 6% by acquiring 1.03% through the secondary market, amid significant investment plans.