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The Noida-based developer, Gulshan Group, has entered into an agreement to establish a joint venture (JV) with Ourika Estates. The goal of this partnership is to invest over ₹750 crore in the development of two residential projects in the cities of Ghaziabad and Lucknow.

As part of the initial phase of cooperation, the platform secured land parcels in Ghaziabad and Lucknow. The plan is to create a total built-up area of approximately 1.5 million square feet across these elite residential complexes.

According to sources close to the deal, each parcel will be used for one project: around 346 apartments in Ghaziabad and 275 apartments in Lucknow. The total gross development value (GDV) of both projects is estimated at approximately ₹900 crore.

The company plans to start with two high-rise residential projects and subsequently acquire additional land parcels. In a joint statement, the companies noted that these initial developments mark the beginning of a larger expansion roadmap, and they are actively exploring opportunities in the growing corridors of North India.

Ourika previously acquired the first plot of 8,750 square meters in Madhuban Bapudham, Ghaziabad, for ₹75 crore through an auction conducted by the Ghaziabad Development Authority (GDA). The second plot, measuring approximately 10,328 square meters, is located in Gomti Nagar Extension and was purchased from the Lucknow Development Authority (LDA) for ₹120 crore via auction.

Gulshan Nagpal, promoter of Gulshan Group, stated that he sees significant opportunities to implement his philosophy in new markets as the growth corridors of North India develop. Prasun Chauhan, Director of Ourika Estates, added that the company focuses on locations with high potential for constructing world-class apartments that set a new standard for premium urban living.

Regarding timelines, sources reported that the application for approval from the Ghaziabad Real Estate Regulatory Authority (RERA) has been submitted for the first project, and construction is expected to commence by the end of the current year. In Lucknow, the maps are under discussion, with construction expected to begin early next year. Both projects are scheduled for completion by mid to late 2030.

Google has been hit with a substantial fine of 403 million euros, equivalent to $463 million, for breaching strict European Union privacy regulations related to the improper handling of user location data. The bloc's supervisory authority determined that the company acted unlawfully, unfairly, and non-transparently when managing personal data through the location accuracy feature in the Android mobile operating system.

The Irish Data Protection Commission reported that its investigation found Google improperly or unfairly processed location data within the 'Web & App Activity' settings for users, which tracks search and browsing history, as well as in the 'Location History' service, which displays visited locations via mobile phones.

Regulators also concluded that the company violated the principles of lawfulness, fairness, and transparency when processing personal data in the 'Location Accuracy' feature in Android. Ireland serves as the lead regulator for Google across the 27-member EU, as the American tech giant's European headquarters is located in Dublin.

The investigation, which began six years ago, examined the company's adherence to EU privacy rules, known as the General Data Protection Regulation (GDPR), from its entry into force in 2018 until February 2020. In response, Google stated in a submission: 'This case relates to historical policies that have since been updated. Since 2019, we have significantly improved our practices and launched robust tools to simplify location data management.'

Regulator representatives emphasized that location data is a type of personal data collected by Google and can be used to determine an individual's location. Deputy Commissioner Graham Doyle noted: 'Location data can be both beneficial and harmful to individuals. It can significantly enhance the usefulness of online services, but it can also reveal a substantial amount of information about a person, including information that is inherently private.'

This fine represents the fourth largest privacy violation penalty issued by the Irish supervisory authority, which had previously imposed larger fines on TikTok and Meta, including a €1.2 billion fine for Meta. The regulator announced that it still has three other ongoing investigations concerning Google.