Category: Industry

Explore updates on Industry real estate focusing on warehouses, logistics parks, and manufacturing hubs. Learn about infrastructure development, market demand, rental yields, and investment opportunities shaping this fast-growing segment.

IndustryLatest Stories

Greater Noida to Target Builders for Unpaid Rehab Dues

Representative AI image NOIDA: The Greater Noida Industrial Development Authority (GNIDA) has appointed Currie and Brown to evaluate builders who have defaulted as it begins to revoke benefits from those violating the stalled-project policy. This initiative aims to revitalize halted real estate projects, with ₹1,382 crore recovered from the total dues of ₹4,749 crore. So far, 17,334 housing units have been registered despite ongoing challenges. Recently, the GNIDA board decided that all benefits under the state’s stalled-project policy will be withdrawn from developers who have neither settled their dues nor engaged with the scheme. Of the 98 projects identified for…

IndustryLatest Stories

Maharashtra Assembly Eases Land Subdivision Rules for 3 Crore Residents

NAGPUR: On Tuesday, the Maharashtra Legislative Assembly approved an amendment bill aimed at simplifying the subdivision of small land plots in urban areas. The government claims this legislation will benefit approximately three crore residents. The Maharashtra Land Revenue Code (Second Amendment) Bill, 2025, introduced by Revenue Minister Chandrashekhar Bawankule, was passed following a debate in the lower house. This legislative change is expected to help around 60 lakh families, or about three crore residents, residing on small ‘gunthewari’ plots (unauthorized divisions of agricultural land for residential use) in urban settings. With this amendment, the processes of buying and selling small…

IndustryLatest Stories

RMZ Corp Considering $1 Billion IPO

RMZ Corp., one of India’s leading real estate developers, is contemplating an initial public offering (IPO) that could raise up to $1 billion, according to sources familiar with the situation. This move could set the stage for one of the country’s largest real estate listings. The Bengaluru-based firm has initiated preliminary discussions with bankers about the potential listing, as stated by anonymous sources due to the confidential nature of the discussions. The IPO is expected to occur later next year. RMZ has not yet officially appointed advisers, and critical factors such as timing, structure, and overall size of the offering…

IndustryLatest Stories

Andhra Pradesh to Regularize ‘Sada Bainama’ Land Deals

Representative AI image VIJAYAWADA: The long-awaited resolution for land rights may soon materialize for millions of farmers in the state. The government has decided to regularize the decades-old ‘Sada Bainama’ agreements and issue land titles to these farmers. Previously, informal handwritten sale agreements known as Sada Bainama were commonly used in rural areas, based on mutual trust. However, land ‘owners’ could not secure title deeds or pattadar passbooks, as revenue and registration departments did not acknowledge their claims in the absence of formal documentation. Revenue Minister Anangani Satya Prasad stated, “The Sada Bainama transactions, which lacked registration, have significantly impacted…

IndustryLatest Stories

Larsen & Toubro Unifies Real Estate Division as L&T Realty

NEW DELHI: The board of directors at Larsen & Toubro (L&T) has approved the transfer of its real estate business (Realty BU) to L&T Realty Properties, a fully-owned subsidiary, through a slump sale as part of an arrangement scheme. This initiative initiates a gradual consolidation of L&T’s real estate assets under L&T Realty. N Subrahmanyan, Chairman & Managing Director of L&T, stated, “L&T Realty must operate independently. It needs to consistently grow its project pipeline through proactive land acquisitions and joint ventures. This demands regular capital infusions, making it vital to unify all our real estate operations under one corporate…

IndustryLatest Stories

Omaxe Pays Back Over ₹700 Crore Debt to Samman Capital

NEW DELHI: Omaxe Group has successfully repaid over ₹700 crore in debt to Samman Capital (formerly Indiabulls Housing Finance), ahead of schedule, utilizing project cash flows. Mohit Goel, the managing director of Omaxe, stated, “Our balance sheet is now even stronger, positioning us to consistently deliver quality developments and create value for all stakeholders.” The company has also settled loans from the Special Window for Affordable and Mid-Income Housing (SWAMIH) for two of its projects: The Lake in New Chandigarh and Omaxe Shiva, along with Shiva 2 and Shiva 3 in Prayagraj. These projects received last-mile credit facilities totaling ₹168.80…

IndustryLatest Stories

Nisus Finance Exits Bengaluru Project with 23% IRR in 2 Years

Nisus Finance, an alternate fund manager and urban infrastructure investment firm, has successfully exited Project High Cliff, a late-stage residential development in Bellandur, Bengaluru. This investment was made through rated, listed non-convertible debentures under its Real Estate Special Opportunities Fund-1 (RESO-1), yielding an Internal Rate of Return (IRR) of 23% over two years. Project High Cliff covers 1.4 acres with a saleable area of approximately 240,000 sq. ft., featuring 196 units in 1, 2, and 3 BHK configurations aimed at affordable and mid-income buyers. “High Cliff exemplifies a special situation where structured capital can create significant value — strong demand…

IndustryLatest Stories

Jaipur: JDA Demolishes Building; Owners Claim JMC Approval

JAIPUR: The Jaipur Development Authority (JDA) demolished a six-storey building under construction in Malviya Nagar on Sunday due to a lack of building permission. The owners claimed that the Jaipur Municipal Corporation (JMC) had approved their building plan and other necessary permissions. This incident has highlighted the questionable coordination between the city’s civic bodies, as the owners stated they invested Rs 1.25 lakh to secure the requisite JMC approvals. JDA DIG Rahul Katakey explained that the land belonged to JDA, and the owners did not provide proof of JDA’s sanction. “They only presented us with approval from JMC. The structure…

IndustryLatest Stories

Punjab Governor Reviews Key Land and Housing Projects

CHANDIGARH: On Sunday, Punjab Governor and UT Administrator Gulab Chand Kataria visited several project sites in the UT, assessing major housing initiatives, development projects, bulk material locations, and group housing areas. Sites Inspected The governor inspected various locations, including the IT Habitat project in IT Park, Manimajra (pocket 6), Sanjay Colony in Industrial Area Phase-I, the government housing site in Sector 43, and the Chandigarh Housing Board project site in Sector 53. Particular attention was paid to the 70-acre mixed-use development at the Sub-City Centre and the reclaimed Furniture Market land in Sector 54 to ensure proper zoning and future-oriented…

IndustryLatest Stories

Bengaluru body suggests strict fines for vacant properties

BENGALURU: The Bangalore Development Authority (BDA) is set to implement a one-time 10% non-construction fine for allottees who fail to build homes within three years of receiving their plots. Officials emphasized that the rule will be strictly enforced, with sale deeds not issued until construction is completed. This initiative primarily targets beneficiaries who have either neglected to build homes or engaged in illegal plot transfers, despite significant increases in land values. Notably, Arkavathy and Nadaprabhu Kempegowda Layout (NPKL) are exempt from this rule due to delays and incomplete infrastructure that hindered construction for allottees. Under the BDA scheme, plots were…