Astrea Real Estate, a subsidiary of Phoenix Mills, acquires 9.03 acres in Coimbatore for ₹370.17 crore to develop a premium retail destination, enhancing Tamil Nadu’s commercial infrastructure. The greenfield project marks the company’s second retail venture in the state after successful Chennai developments.
Nexus Select Trust has approved the acquisition of MBD Neopolis mall and Radisson Blu Hotel in Ludhiana for ₹490 crore, set to complete within four months, expanding its retail portfolio in Punjab.