Mitsubishi joins hand with Birla estates to develop its maiden real estate project in Bengaluru

The real estate arm of the Mitsubishi group, Mitsubishi Estate Co. Ltd. (MEC) has joined hands with a wholly owned subsidiary of Aditya Birla Real Estate Limited, Birla Estates Private Limited (BEPL). In the joint venture, Mitsubishi would invest Rs 560 crore in a residential housing development in Southeast Bengaluru.

This collaboration, MEC's first in India's residential sector, aims to develop a premium living community spanning 4 million square feet.

Also Read: Birla Estates acquires land in Thane for over Rs 537 crore

    Wipro to set new IT center in Hyderabad

Multinational tech firm Wipro has announced a new IT center at its Gopanapalli campus in the Financial District. Hyderabad. The firm has made an expansion of its operations via this center. This came after discussions between Telangana Chief Minister A Revanth Reddy, IT Minister D Sridhar Babu, and Wipro Executive Chairman Rishad Premji at the World Economic Forum in Davos.

Also Read: VueNow inaugurate 2 data centre in Uttar Pradesh

    1.15 lakh sq ft office space leased by NPCI

Payments and settlement service provider in India, National Payments Corp of India (NPCI) has picked up an office space spread over more than 1.15 lakh sq ft spanning two floors in a commercial project in Mumbai’s western suburb Goregaon. The space is leased for 5 years at a monthly rent of Rs 2.15 crore. 

As per the update, the agreement includes a 15% rent escalation clause after three years, with a total rental payout surpassing Rs 136 crore.

Also Read: 6,526 sq ft office space leased by Apple in Mumbai

    Lemon Tree launches 2 new hotels in Assam

Hospitality major Lemon Tree Hotels has announced the signing of 2 new hotels in Assam. The two hotels are: Keys Select by Lemon Tree Hotels, G S Road, Guwahati, and Keys Select by Lemon Tree Hotels, Dishpur, Guwahati.

These hotels would be managed by a wholly-owned subsidiary of Lemon Tree Hotels, Carnation Hotels Private Limited. Keys Select will feature 55 well-appointed rooms, a restaurant, a rooftop bar, a banquet, meeting rooms, a fitness center, and other public areas. It is scheduled to open by FY26. The Dishpur will feature 60 well-appointed rooms, a restaurant, a rooftop bar, a banquet, meeting rooms, a fitness center, and other public areas and is and is scheduled to open by FY27.

Also Read: Lemon Tree signs new hotel in Bapane

    Adani Wilmar commence operation at Sonipat plant

Fast-moving consumer goods (FMCG) company Adani Wilmar has announced the commencement of operation of its food processing plant at Sonepat, Haryana. The plant is spread over 85 acres and can produce 6.27 lakh tonnes annually. 

Adani Wilmar invested Rs 1,300 crore in the project and would produce rice, wheat flour, suji, rawa, maida, and 2 lakh tonnes of edible oils. 

Also Read: Dabur to set manufacturing unit in Tamil Nadu, to invest Rs 400 crore

    Blackstone plans to develop a data center in Hyderabad

American alternative investment management company plans to develop a 150MW data center facility in Hyderabad. The firm would invest Rs 4,500 crore for the project and has signed an MoU with Telangana's government and JCK Infra.

The proposed data center will focus on energy efficiency, advanced cooling systems, and robust cybersecurity protocols per the update. The data center would cater to hyperscale clients, the facility will support AI-driven applications, cloud services, and large-scale data processing, fostering innovation in the global digital ecosystem.

Also Read: CtrlS plans to set new data centre at Hyderabad

    Semiconductor sector: USD 10 billion investment planned by L&T for fabrication plant

The wholly owned subsidiary of Larsen & Toubro (L&T), L&T Semiconductor Technologies (LTSCT) has plans to invest over USD 10 billion to set up a silicon fabrication (fab) plant. This comes after it the firm gains clear visibility by 2026-27 of hitting at least a USD 1 billion per annum revenue run rate by selling its own designed and patented chips and semiconductor products.

Also Read: Andhra Pradesh to get India's first semiconductor manufacturing facility

    HFCL bags order worth over Rs 2167 crore

Telecom equipment maker HFCL has secured advance purchase orders aggregating to around Rs 2,167.65 crore. The order is for the supply of Optical Fiber Cables, Telecom Equipment, and related accessories, along with maintenance of the telecom equipment for 10 years, including a 1-year warranty period. 

As per the information the order is under BharatNet Phase III in Uttar Pradesh (East) Telecom Circle and Uttar Pradesh (West) Telecom Circle from Rail Vikas Nigam (RVNL). 

Also Read: HFCL Ltd bags order worth over Rs 2, 501 crore

    Anthurium Developers acquires 8.2 acres of land in Bengaluru

The wholly-owned subsidiary of Mahindra Lifespace Developers Ltd, Anthurium Developers Ltd has acquired around 8.2 acres of land in North Bengaluru. As per the updates, land has a developable potential of approximately 0.9 million square feet of saleable area and a projected gross development value of almost Rs 1,000 crore.

The proposed project will primarily feature mid-premium residential apartments which the firm plans to launch the project within the next 9 months.

Also Read: Mahindra Lifespace launches phase 2 of its residential project in Kalyan

    Minimalist Hotels plans expansion

Swashbuckler Hospitality Pvt. Ltd run hotel chain Minimalist Hotels, is looking to expand its footprint by adding new properties across Rajasthan, Uttar Pradesh, Goa, and the National Capital Region (NCR) by 2026. 

The firm currently operates four properties and its hotels generally combine communal living with large hotel spaces like Marriott International Inc.-run Moxy Hotels. 

Also Read: OYO plans to add 500 hotels across religious centers