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.

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13 Builders Fined for Water Extraction; Noida Claims Legality

NOIDA: Contradictory statements have surfaced from the Uttar Pradesh Pollution Control Board (UPPCB) and Noida Authority in two separate affidavits filed with the National Green Tribunal (NGT) regarding a plea for action against builders for illegal groundwater extraction in Greater Noida. The case is set for hearing on Tuesday. In an affidavit dated January 23, UPPCB referenced a letter from the Greater Noida Authority imposing a penalty of 1% of the project cost on 22 builders. Conversely, Noida Authority’s affidavit from January 24 stated that 13 of the builders purchased 3.80 lakh KL of STP-treated water worth Rs 19 lakh…

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Illegal Ads Removed from Barricades in Noida Sector 150

NOIDA: A commercial plot in Sector 150, where software engineer Yuvraj Mehta drowned on January 16, is now under scrutiny for civic lapses. The plot’s owner, Wiztown Planners, claims that the Noida Authority ordered the removal of barricades at the site in July 2021. “The area was previously barricaded. The Noida Authority intervened and instructed Wiztown to take down the barricades, which included advertisements for their project named Artham,” Wiztown’s counsel stated to TOI on Monday. Last week, Wiztown’s director, Abhay Kumar, was arrested and named in two FIRs—one for culpable homicide not amounting to murder and negligence, and the…

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What Real Estate Stakeholders Want from Budget 2026

NEW DELHI: With the Union Budget 2026 on the horizon, real estate developers and stakeholders are advocating for policy changes aimed at enhancing housing affordability, increasing liquidity, rationalizing taxes, and fostering long-term urban development. They are urging revisions in homebuyer incentives, adjustments in GST, and support for institutional capital and infrastructure initiatives to alleviate demand-side stresses and supply-side constraints. Industry leaders suggest that Budget 2026 is a key moment to realign housing policies with the realities of escalating land and construction costs, shifting buyer preferences, and the expanding role of real estate in India’s economic growth. Pradeep Aggarwal, the founder…

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Maharashtra links PMAY-Urban 2.0 to higher EWS prices

MUMBAI: The Maharashtra government has tightened the regulations under the Pradhan Mantri Awas Yojana (Urban) 2.0, requiring a minimum of 25% beneficiary registration before construction can begin or benefits can be accessed for certain affordable housing projects. This requirement applies to projects under the Affordable Housing in Partnership (AHP) and AHP-public private partnership (AHP-PPP) where the sale price of economically weaker section (EWS) homes exceeds the current annual statement of rates (ASR) by more than 20%. The updated guidelines, announced on January 23, were prompted by a review of detailed project reports (DPRs) submitted under PMAY (Urban) 2.0, which uncovered…

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AIPL Acquires Gurugram Land for ₹1,000 Crore via Tribunal

Representative image Gurugram-based real estate developer AIPL has acquired a 43-acre site for ₹1,000 crore via the Debt Recovery Tribunal (DRT), enabling six banks to exit, according to a senior executive. This purchase is part of an 80-acre parcel in Sector 103 along the Dwarka Expressway in Gurugram. AIPL plans to expand its land bank by an additional 20 acres. “We aimed to undertake a township project, but securing large land parcels in a city like Gurugram is challenging,” stated Daljeet Singh, Managing Director of AIPL. “We anticipated difficulties in resolving numerous land-related issues, yet this also presents us with…

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Andhra Pradesh extends LRS application deadline to April 23, 2026

VIJAYAWADA: On Friday, the state government announced a three-month extension for applications under the Layout Regularisation Scheme (LRS), setting the final submission deadline to April 23, 2026. The principal secretary for municipal administration and urban development (MAUD), S. Suresh Kumar, made this announcement after a meeting with urban local body commissioners and vice-chairpersons of urban development authorities. He stated that the extension was granted in response to numerous requests from the public and stakeholders. According to Kumar, 61,947 applications have been submitted in the past six months for LRS-2025, compared to 43,759 for LRS-2020. This scheme accepts applications for individual…

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DLF Enters Senior Living Homes Sector

NEW DELHI: Realty giant DLF Ltd announced it will debut a senior living housing project in Gurugram this quarter, with an estimated revenue potential of around Rs 2,000 crore as part of its expansion strategy. This marks DLF’s entry into the senior living housing market, further diversifying its offerings. During a conference call, DLF Ltd Managing Director Ashok Tyagi emphasized that housing demand in Gurugram, a core market for the company, remains strong, particularly for reputable developers. He confidently stated that DLF aims to achieve pre-sales of Rs 20,000-22,000 crore for the fiscal year, despite experiencing low sales bookings of…

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Mhada to Pay ₹200 Crore to Reclaim 3 Vacant Plots in Mumbai

MUMBAI: Mhada will invest ₹200 crore to re-acquire three plots related to the ₹1,039-crore Patra Chawl redevelopment scandal. This payment was approved by the state cabinet last week, with an official resolution issued on Thursday. This payment is part of Mhada’s consent terms submitted to the High Court, which is currently addressing a contempt petition from builder Guruashish Constructions, a subsidiary of HDIL. Mhada appointed Guruashish Constructions for the project in 2008, and a tripartite agreement was established between residents of the Goregaon area, the planning authority, and the builder to facilitate redevelopment. However, work was halted by 2011. Mhada…

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Builders seek Bengaluru authority’s help to fix e-khata delays

BENGALURU: Builders in Karnataka are facing challenges with delays in property registrations and project handovers, attributed to e-khata and approval-related issues, even for projects that have already received occupancy certificates. Addressing these concerns, the Karnataka chapter of the Confederation of Real Estate Developers’ Associations of India (Credai) submitted a request to the GBA on Monday, urging immediate intervention to streamline processes. The challenges were highlighted at the South Con 2026 conclave on Friday, where Credai representatives from all five southern states discussed the ongoing delays. Developers pointed out that despite having project approvals, hold-ups in e-khata clearance and completion certificates…

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Chandigarh Housing Board to Auction Land Parcels

Here is the rewritten content: — Representative Image CHANDIGARH: The Chandigarh Housing Board (CHB) is contemplating the auction of segments of its land holdings to private developers, indicating a departure from its primary focus on affordable housing. This proposal is still in its preliminary stages and has been a topic of repeated discussions among senior officials of both the administration and the board. Initially, two land parcels, each approximately 4-5 acres in size in Sector 54, could be offered for auction, though specifics such as reserve prices and terms remain undecided. This development has sparked renewed discussions about the board’s…