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.

Industry

Water harvesting in new constructions to be a must for building permission in Indore

INDORE: Indore zila panchayat is mulling over providing building permission in colonies developed in rural areas only to those who install water harvesting system in their new constructions in its bid to bolster groundwater levels. As per the plans, water harvesting will be mandatory for larger buildings, while it will remain voluntary for smaller structures. This initiative aims to improve groundwater levels and avert potential water scarcity in the coming years, senior officials said. They added that rural areas in Indore district experience highest exploitation of groundwater for agricultural purposes, leading to a continuous decline in water tables. To counter…

Industry

Karnataka pollution control board tightens rules for high-rise projects

Representative Image BENGALURU: The Karnataka State Pollution Control Board (KSPCB) has issued a strict directive mandating that before granting plan approval (CC) and occupancy certificate (OC) for multi-storey residential complexes, prior approval and consent from the board must be confirmed. If these clearances are not obtained and the Bruhat Bengaluru Mahanagara Palike (BBMP) still issues CC and OC, the responsibility will rest entirely with the BBMP. Responding to a letter from BBMP seeking clarification, KSPCB’s Member Secretary on May 30 outlined the rules requiring prior consent for establishment (CFE) and consent for operation (CFO) from the board before any such…

Industry

Meenakshi Alternates launches realty-focused ₹700 crore AIF

NEW DELHI: Hyderabad-based Meenakshi Group has launched its new financial services arm – Meenakshi Alternates (M-Alts) and its fund Meenakshi Real Assets Fund for investments in real estate across top-tier cities in India. This SEBI-approved Category II AIF will target a mix of debt and equity investments with a total corpus of ₹700 crore (including a ₹350 crore greenshoe option). Meenakshi Group has committed up to 20% of the fund size as sponsor capital. The fund will focus on self-liquidating real estate assets that offer both consistent cash flows and equity upside. The fund aims to allocate capital to tier…

Industry

Punjab cabinet approves land pooling policy

CHANDIGARH: The Punjab Cabinet on Monday gave its nod to the Land Pooling Policy with Cabinet minister Aman Arora asserting that not even a single yard will be forcibly acquired from land owners. The Cabinet meeting, chaired by Chief Minister Bhagwant Mann, was held here. After the meeting, renewable energy minister Arora slammed the opposition parties for allegedly misleading people about the state government’s Land Pooling Policy for the past several days. Arora claimed that there is no better Land Pooling Policy than this one, not only in the state but also in the country. Pointing towards the opposition parties,…

Industry

Godrej Properties acquires 14-acre land parcel in Pune

NEW DELHI: Godrej Properties (GPL) plans to develop 14-acre land parcel in Kharadi – Wagholi, Pune. The development on this land will comprise primarily premium group housing. The project will have a developable potential of 3.7 million sq ft with an estimated revenue potential of ₹4,200 crore. Gaurav Pandey, managing director & CEO of the company said, “Kharadi – Wagholi is one of the most sought-after destinations in Pune, and we are happy to mark our entry into this micro market.” The company’s booking value in Q4 FY25 grew 7% year-on-year to ₹10,163 crore. This was achieved through the sale…

Industry

Bhubaneswar civic body to set up three more ODA courts to resolve building plan disputes

BHUBANESWAR: For expedited disposal of disputes arising from building plan approvals under Bhubaneswar Municipal Corporation (BMC) limits, three more Odisha Development Authority (ODA) courts will be set up under the civic body, where designated officers will hear and resolve cases. At present, there is only one ODA court that deals with thousands of minor and major disputes, creating a huge backlog. An estimated 7,000 disputes are pending for disposal, BMC officials said. The court is empowered under the ODA Act, 1982, to decide on the violation of building rules. Earlier, the court functioned under the Bhubaneswar Development Authority (BDA). It…

Industry

Fix existing property registration system before going fully online: Maharashtra stakeholders

PUNE: Associations and stakeholders in Maharashtra have called for urgent corrections to the online property registration system, as the Centre calls for suggestions to replace the 117-year-old Registration Act with a new digital framework. The department of land resources has invited inputs on a draft bill proposing complete online property registration and mandatory digital filing of key documents — such as the agreement to sell, power of attorney and sale certificates. The system envisions Aadhaar-based authentication, electronic document storage and integration with govt databases to curb fraud. Several states have started to prepare for digital registration, but face challenges regarding…

Industry

UPSIDA executes 113 mega plot allotments in May 2025

Representative Image LUCKNOW: UP State Industrial Development Authority CEO Mayur Maheshwari on Friday said UPSIDA was steadily strengthening and modernising the state’s industrial infrastructure to drive Uttar Pradesh towards the goal of becoming a $1 trillion economy. “In line with this vision, UPSIDA executed a mega allotment scheme in May, successfully allotting 113 plots that are expected to attract investments worth ₹700 crore and generate employment opportunities for about 4,800 individuals,” he said. As part of this, UPSIDA allotted 88 industrial plots and two commercial properties across various industrial areas in the state. Additionally, 23 industrial plots were allotted through…

Industry

Greater Noida authority initiates processfor allocation of 40 industrial plots

Representative Image LUCKNOW: The Greater Noida Industrial Development Authority (GNIDA) has initiated the process to allot 40 industrial plots in key sectors, including Ecotech, Udyog Kendra, and Udyog Vihar, in Gautam Buddha Nagar, an official spokesperson said on Friday. “These industrial plots, ranging in size from 450 to 8,000 square metres, will be available for entrepreneurs seeking to establish industrial units. The reserve price is fixed between ₹28,600 and ₹33,950 per square metre,” they said. Stating that a key highlight of this scheme is that applicants will be allowed to establish industrial units under 242 permitted categories, they said: “However,…

Industry

Chandigarh civic body set to proceed after getting estate office’s nod on freehold

CHANDIGARH: The estate office of the Chandigarh administration has informed the municipal corporation that they dispose of their residential properties on a freehold basis, but only after obtaining prior approval from the competent authority of the UT. Meanwhile, the Chandigarh Housing Board (CHB) informed the MC that they do not engage in activities involving the disposal of chunks of land. The responses from both EO and CHB came after the MC sent them a letter inquiring about their mode of land disposal for residential purposes, whether leasehold or freehold. This information was sought to aid in planning the disposal of…