Margao Smart City Limited kicked off Phase II on October 18, 2025, unveiling a 42-acre residential zone next to the upgraded KTC bus terminal. This project delivers 1,800 affordable and mid-segment homes linked to future light rail, fueled by ₹210 crore from Goa Infrastructure Development Corporation. Pre-launch bookings surged with 37% inventory snapped up in 72 hours, highlighting robust demand.
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.