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

Land Deals Fall 22% in India FY26: Anarock Report

Representative Image NEW DELHI: Land transactions experienced a notable decline in the 2025-26 fiscal year, dropping by 22.38%. Only 111 land deals, covering over 2,994 acres, were completed across India, down from 143 deals in the prior year. Among these, listed companies executed 54 deals, accounting for 49% of the total transactions and covering 1,433 acres, as per an Anarock report. Bengaluru emerged as the leading market for listed developers, with 17 deals covering more than 293 acres, while Pune recorded eight deals totaling approximately 78 acres. The Mumbai Metropolitan Region (MMR) had seven deals spanning over 51 acres. Chennai…

IndustryLatest Stories

L&T Realty Purchases 20 Acres in Gurugram

AI-generated representative image NEW DELHI: L&T Realty Properties (LTRPL), a fully owned subsidiary of L&T, has acquired a 100% stake in International Green Scapes (IGSL) located in Delhi. This acquisition allows LTRPL to utilize 20 acres of land possessed by IGSL in Gurugram. This marks the company’s inaugural land acquisition in the NCR micro-market, with the site offering a development potential of about 3.6 million sq ft. In FY26, LTRPL and L&T Realty Developers, another subsidiary of the company, successfully completed land acquisitions in Mumbai, Delhi, and Bengaluru, amounting to a total development potential of three million sq ft. L&T…

IndustryLatest Stories

Mumbai’s SRA Freezes Builders’ Sale Flats to Ensure Rent

MUMBAI: The Slum Rehabilitation Authority (SRA) has mandated developers to deposit an advance rent covering two years for slum residents in their projects. Additionally, the SRA has started ‘freezing’ sale flats equivalent to three years of rent until builders provide new homes to qualified slum dwellers. This proactive measure aims to ensure that rent payments are secured and permanent housing is provided to eligible slum residents, according to SRA officials. This is the first instance of the SRA freezing portions of flats or commercial units from projects to prevent developers from neglecting their rental obligations to slum dwellers. SRA previously…

IndustryLatest Stories

Telangana Government Plans Land Value Revision Guidelines

Representative AI image HYDERABAD: Following the cabinet sub-committee’s request for the registration department to revise land values for property registrations, the registration and stamps (R&S) department has initiated guidelines for market value revisions. Sources indicate that the state government has yet to decide if the changes will apply statewide or just within Greater Hyderabad Municipal Corporation (GHMC), Cyberabad Municipal Corporation (CMC), and Malkajgiri Municipal Corporation (MCMC). Given the substantial disparity between current government land valuations and market rates, plans are underway to increase these values by 30% to 50% in certain areas. Official sources revealed that, after generating ₹15,200 crore…

IndustryLatest Stories

Navi Mumbai Marks 500 Buildings Unsafe, Issues Evacuation Notices

NAVI MUMBAI: The Navi Mumbai Municipal Corporation (NMMC) has identified 500 buildings as dangerous, following a comprehensive department-wise survey of existing structures within its jurisdiction. These buildings fall under the classification outlined in Section 264 of the Maharashtra Municipal Corporation Act. The NMMC has issued notices to the relevant cooperative housing societies, instructing them to vacate the buildings classified as C-1, in accordance with a directive from the high court. NMMC emphasizes that these structures are deemed unsafe for human habitation in their current state. In adherence to Section 265 (A) of the Maharashtra Municipal Corporation Act, housing societies must…

IndustryLatest Stories

Shankarapuram Project Faces Alleged Norm Violations in Bengaluru

BENGALURU: Incidents of norm violations during building construction are becoming increasingly prevalent in the city, raising concerns about the accountability of civic authorities overseeing development. The engineers of the City Corporation are tasked with inspecting construction sites to ensure compliance with building bye-laws and approved plans at various stages. The most recent case involves a building under construction on Ranga Rao Road, Shankarapuram, within the Kempegowda Nagar Sub-Division of Bengaluru Central City Corporation, allegedly in violation of regulations. Construction reportedly commenced in February, with concerns arising when concrete pillars began to obstruct a nearby drain, threatening public infrastructure. The Shankarapuram…

IndustryLatest Stories

Haryana’s New Policy Boosts Senior Living Developer Interest

NEW DELHI: Numerous developers are delving into senior living projects in Gurgaon, Faridabad, Panchkula, and various key markets in Haryana following an amendment by the state cabinet to the retirement housing policy. This change allows for an increase in permissible floor area ratio (FAR) to 3 via transferable development rights (TDR). This development empowers builders to create more units, thereby enhancing project viability. “This amendment is timely. In Gurugram, there’s a noticeable shift where families are viewing senior living as a conscious, planned choice rather than merely a fallback option,” stated Rishabh Periwal, Senior Vice President at Pioneer Urban Land…

IndustryLatest Stories

Telangana Fire Dept Meets Builders on Fire Services Act Changes

HYDERABAD: On Friday, state fire department officials convened a consultative meeting with members of the builders and developers association to discuss proposed amendments to the Telangana Fire Services Act of 1999. The proposed amendments aim to modernize regulations to address urban infrastructure risks, improve safety standards, and enhance enforcement powers. Once finalized, these changes will allow fire department regulations to cover buildings under 15 metres high, as most fire incidents occur in these smaller, often crowded structures. The meeting was held at the fire department’s headquarters in Nanakramguda and included representatives from the Confederation of Real Estate Developers’ Associations of…

IndustryLatest Stories

PropShare Celestia Units Drop Over 1% on Trading Debut

NEW DELHI: PropShare Celestia’s units concluded their first trading day over 1% lower on Friday. The units commenced trading at ₹9,99,900.01, reflecting a 4.77% drop from the issue price of ₹10,50,000 per unit listed on the BSE. They eventually settled at ₹10,35,000, down by 1.42%. The market valuation of the company is now at ₹241.16 crore. On the final day of the subscription last Thursday, PropShare Celestia’s initial public offering (IPO) received a subscription rate of 1.33 times. This marks the third Small and Medium Real Estate Investment Trust (SM REIT) launched by Property Share Investment Trust. The ₹244-crore issue…

IndustryLatest Stories

Lodha Developers’ Net Profit Grows 24% in FY26

NEW DELHI: Lodha Developers reported a 24% increase in its net consolidated profit for the financial year 2025-26, with a profit after tax (PAT) of ₹3,430.7 crore, up from ₹2,766.6 crore in FY25, according to their BSE filing. The total net consolidated income for the company reached ₹17,119.5 crore in FY26, representing a 20.82% increase from ₹14,169.8 crore in FY25. The board of directors proposed a final dividend of ₹4.25 per equity share of ₹10 for the fiscal year ending March 31, 2026. Additionally, the board approved the reappointment of Lee Polisano as an independent director for a five-year term…