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

CBI: Financial Issues Halt Wadakkanchery LIFE Mission Project

KOCHI: The CBI has submitted a preliminary chargesheet in the Wadakkanchery LIFE Mission case. It was filed before the Ernakulam CJM court, alleging that financial irregularities during the housing project’s execution led to its delay. The chargesheet identifies six individuals as accused, including Sandeep Nair, Swapna Suresh, and the UAE Consulate PRO P S Sarith—who were also implicated in the 2020 gold smuggling case—along with Santhosh Eappen from UNITAC Builders. Although M Sivasankar, the former principal secretary to ex-chief minister Pinarayi Vijayan, was mentioned in the FIR, he is absent from the preliminary chargesheet. Ongoing investigations will determine the involvement…

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Chandigarh Issues Rules for Village Abadi Ownership Rights

Representative AI image CHANDIGARH: In a significant step to clarify long-standing ownership issues in village abadi areas, the Chandigarh administration has published the Chandigarh Abadi Deh (Record of Rights) Rules, 2026. This framework aims to survey properties, demarcate boundaries, and document ownership rights in the city’s former villages. The rules, announced in the official gazette on July 29, provide an opportunity for residents to voice objections before finalizing entries. The rules, activated upon their publication, outline the process for determining abadi deh boundaries, surveying properties, and establishing ownership records. Under the new framework, the administrator can appoint serving or retired…

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Housing Ministry Suggests 4-Month RERA Extension for Projects Affected by West Asia Disruption

File Photo NEW DELHI: The Ministry of Housing and Urban Affairs (MoHUA) has recommended that state real estate regulatory authorities consider allowing a four-month extension for the registration and completion timelines of registered real estate projects impacted by the ongoing situation in West Asia. This advisory specifically pertains to projects whose completion date, revised completion date, or extended completion date is on or after February 28, 2026. MoHUA stated that it has received feedback from stakeholders in the real estate sector about the adverse effects of the West Asia situation on global supply chains, leading to shortages of construction materials…

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India Needs No Imported Sustainability Models in Architecture

Gajendra Singh Shekhawat, Union Minister of Tourism & Culture, speaking at the National Conference on Goan Architecture & Sustainability in New Delhi on July 31. NEW DELHI: Union Minister for Tourism and Culture, Gajendra Singh Shekhawat, emphasized that India should not view sustainability as a recent concept imported from abroad, highlighting that the nation’s traditional architecture and cultural practices have always been in harmony with ecological balance. During his address at the National Conference on Goan Architecture & Sustainability in New Delhi, Shekhawat stated that India’s architectural heritage illustrates a profound connection among architecture, nature, society, and the local climate.…

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Jaipur’s Fire NOC Rule Delays Building Plan Approvals

JAIPUR: The process of obtaining building plan approvals from the Jaipur Development Authority (JDA) has slowed down due to a recent order making Fire No Objection Certificates (NOCs) mandatory for final sanctioning, creating uncertainty for architects and applicants alike. The order issued on July 10 by additional chief town planner Ankur Dadheech stipulates that JDA will provide “approval in principle” for building plans. Applicants must secure a Fire NOC from the Jaipur Municipal Corporation (JMC) based on this provisional approval before the building plan receives final authorization. Architects empanelled by the urban development and housing (UDH) department have expressed concerns…

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Builders ask West Bengal to lift high-rise construction ban

Representative AI image KOLKATA: The real estate sector in Kolkata has called on the state government to lift the ban on high-rise construction projects immediately, asserting that the audit process can proceed concurrently with regulated activities at construction sites. Developers are ready to submit formal commitments to ensure compliance with all legal, structural, and safety standards, allowing suspended projects to resume without indefinite delays for approvals. The government’s deadline for completion of the audit expires on Friday, and only around 10% of the affected projects have received clearance to restart construction so far. Construction was halted at 344 high-rise projects…

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Andhra Pradesh Launches Reforms to Speed Up Urban Development

Representative AI image VIJAYAWADA: The Andhra Pradesh government has announced extensive reforms to its building regulations aimed at boosting construction activities and attracting investments. Key changes include phased fire clearances for high-rise developments, flexible setback norms, installment-based payment options for infrastructure fees, and enhanced transferable development rights (TDR). Aligned with the Centre’s deregulation initiatives in 23 priority sectors, this overhaul is expected to expedite approval processes and reduce compliance burdens, significantly benefiting the state’s real estate and construction industries. One notable reform is the implementation of phased fire approvals for high-rises. Developers can now obtain initial permissions to start construction…

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M3M India, Trehan IRIS to invest ₹1,900 crore in Gurugram

Representative AI image NEW DELHI: M3M India is set to invest ₹600 crore in developing a grade-A commercial project, the M3M Capital Financial Center (CFC), located in sector 113, Gurugram. Covering around 1.42 acres, the project is projected to achieve a topline of ₹1,500 crore, with completion expected by the end of 2029. The development will consist of a 22-storey tower featuring 165 units, encompassing 152 office spaces, six multiplexes, and seven retail units. A global aviation firm has already secured about 75,000 sq ft within the building. Additionally, Trehan IRIS has announced a commitment of around ₹1,300 crore for…

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Vedanta to Split Off Real Estate into Vedanta Property Platforms

Representative AI image NEW DELHI: Vedanta’s board has sanctioned a draft scheme to demerge its real estate segment into Vedanta Property Platforms, as stated in a BSE filing. This proposed demerger, to be conducted on a going concern basis, aims to unlock value from Vedanta’s surplus real estate assets throughout India. The demerger is structured as a vertical split, where shareholders will receive one share of Vedanta Property Platforms for every 20 shares they hold in Vedanta. The surplus real estate portfolio set for demerger covers approximately 2,200 acres of industrial land and around 55,000 square feet of residential and…

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Bihar to Lift Restrictions on Land Deals in Satellite Towns

Representative AI image PATNA: The state government has announced the removal of restrictions on the sale, purchase, and transfer of land in designated Greenfield Satellite Township areas following the final publication of their development plans. This initiative is anticipated to benefit landowners and investors while promoting oriented urban growth. Approved by the competent authority, this decision seeks to balance urban expansion without compromising satellite township projects. Once the development plans are officially acknowledged, land transactions will be allowed within a controlled planning framework. A press release from the urban development and housing department confirmed that it had previously prohibited land…