Bhumika Group unveils 'The Icon,' a ₹700 crore mixed-use haven in Faridabad spanning 5 acres. It boasts 88 luxury 3BHK units, retail with Apple-Samsung-Vivo, entertainment zones, and a future hotel tower. Priced at ₹15,500/sq ft for homes and ₹200-250/sq ft lease for shops, it eyes ₹1,500 crore sales over 4+ years.
Nexus Select Trust boosts its Chandigarh footprint by acquiring 60,000 sq ft of prime retail space at Nexus Elante Complex for Rs 253.7 crore. This strategic move, spanning ground and first floors, targets luxury fashion, premium F&B, and high-end electronics, solidifying Elante's dominance in the Tricity's premium retail market amid strong rental growth.
Foreign retailers are increasingly targeting India for expansion, attracted by rising incomes and a growing population, with Mumbai and Delhi leading as top destinations.
Luxury and premium brand retailers are seeking quality retail spaces for expansion, with new office moves reflecting a shift towards luxury malls, enhancing brand visibility.