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

Disputed Geotechnical Report in SNN Raj Etternia Case, Bengaluru

BENGALURU: The geotechnical investigation report prepared for SNN Raj Etternia is pivotal in the ongoing dispute between developer SNN Raj Corp and Nagadi Consultants regarding the cause of tilting in an 18-storey tower within the apartment complex. The affected tower is one of 15 in the 972-unit township located near Kudlu. SNN has asserted that the other 14 towers are structurally sound. Nagadi’s geotechnical report, dated September 2022, indicates that a section of the project site was previously a quarry filled with soil, debris, and other materials, which was factored into the investigation. During the investigation, varying subsurface conditions were…

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Karnataka to Target Developers Overloading Power Grid

Representative image BENGALURU: A significant number of households may soon see improvements due to a crackdown on large apartment blocks and commercial projects that electricity officials claim are straining the city’s electrical network. Following complaints from resident welfare associations (RWAs), the government has opted to take action against developers of ‘self-execution (SE) projects’ who have neglected to establish required electrical infrastructure while consuming substantial power. The state’s energy department instructed the Karnataka Power Transmission Corporation Limited (KPTCL) on Friday to take measures against developers who have not set up dedicated substations and the necessary electrical infrastructure, as required by Karnataka…

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Prestige Group Buys 2.35 Acres in Mulund for ₹110.75 Crore

Sure! Here’s a rewritten version of your content: Representative AI image MUMBAI: Prestige Group, a leading real estate developer, has acquired a 2.35-acre land parcel in Mulund (West), Mumbai, for ₹110.75 crore. This move strengthens its development pipeline in one of the country’s most expensive property markets amidst ongoing demand for residential projects. The acquisition was made through Prestige Mulund Realty Pvt Ltd, purchasing the property from Shamvik Glasstech Pvt Ltd and General Glass Company Pvt Ltd. The deal was registered on July 16, with a stamp duty payment of ₹6.64 crore, as per property registration documents from CRE Matrix,…

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Onida Plans to Monetize Realty Assets for Revival

Representative AI image KOLKATA: Onida Electronics, known for its once-iconic television brand, is planning to monetize its real estate assets to generate funds, with some proceeds intended for revitalizing the brand as it competes against well-funded rivals like LG, Samsung, Haier, and Hisense in the highly competitive Indian consumer electronics market. Gunjan Srivastava, the newly appointed managing director and CEO, stated that the company is considering monetizing three land parcels: its 2,143 sq m headquarters, Onida House, in Mumbai’s Andheri; a 60-acre manufacturing facility at Wada, which is being closed; and a five-acre site at Lote in Ratnagiri. The assets…

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Chennai Developers Request FSI Rule Clarification from CMDA

Representative AI image CHENNAI: Developers are seeking clarification from the Chennai Metropolitan Development Authority (CMDA) regarding the eligibility of projects partially within 500 meters of a metro corridor for concessional Premium Floor Space Index (FSI) charges under the Transit-Oriented Development (TOD) policy. They argue that the current ambiguity is causing delays in project approvals. Credai Chennai has formally requested CMDA for clarity. “If any part of the project site is within the 500-meter boundary, it should qualify for the concession. There’s no necessity for the entire site to be included,” stated S Sridharan, a member of Credai National’s executive committee.…

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Lodha Developers’ Q1 FY27 Net Profit Soars to ₹1,373.10 Crore

NEW DELHI: Lodha Developers, previously known as Macrotech Developers, has reported a remarkable 103.4% increase in its net consolidated profit after tax, reaching ₹1,373.10 crore for the quarter ending June 30, 2026, compared to ₹675.10 crore in the same period last year. The company’s net consolidated total income surged by 40.6% to ₹5,096.70 crore in Q1 FY27, up from ₹3,624.70 crore in Q1 FY26. Pre-sales amounted to ₹4,629 crore, with collections rising by 46% year-on-year to ₹4,205 crore. The net debt declined by ₹446 crore during the quarter, totaling ₹4,931 crore, aided by strong operating cash flows. As of June…

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Primus Senior Living, HDFC Capital Launch ₹2,000 Cr Platform

Representative AI image NEW DELHI: Primus Senior Living and HDFC Capital have formed a partnership to launch a ₹2,000 crore senior living platform aimed at developing communities across six Indian cities: Mumbai, Chennai, Delhi, Hyderabad, Bengaluru, and Pune. The two companies will co-promote the platform as an equity partnership, with joint investments in various projects. Adarsh Narahari, founder and managing director of Primus Senior Living, mentioned that the structure is still being formulated, but the partners are considering establishing project-level special purpose vehicles. The ₹2,000 crore fund is expected to be invested over the next two years, with plans to…

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Bangalore Body Limits Revised Building Plans After OCs

BENGALURU: In a positive development for apartment residents, the Bangalore Development Authority (BDA) has implemented new restrictions on revising building plans post-issuance of occupancy certificates (OC). A circular issued by BDA on July 15 requires approval from at least two-thirds of apartment owners for any modifications when third-party rights are involved, and disallows revisions in projects that have already utilized the permissible Floor Area Ratio (FAR). A senior official mentioned to TOI that BDA will no longer issue revised master plans for builders, clarifying the enforcement of these regulations. This directive follows an ongoing legal dispute involving residents of HM…

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Govt Restructures Housing and Urban Affairs Ministry

Representative AI Image NEW DELHI: The Union government has reorganized the Ministry of Housing and Urban Affairs by establishing two distinct departments: the Department of Capital Development and the Department of Urban Development, as per a recent gazette notification. The Department of Capital Development will oversee functions associated with the national capital and the Union government. Its responsibilities include managing the Central Public Works Department (CPWD), the Delhi Development Authority (DDA), the Delhi Metro Rail Corporation (DMRC), Union government buildings, land acquisition, and development within the National Capital Territory, as well as planning for the National Capital Region (NCR). The…

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Mahindra Lifespaces Q1 FY27 Net Profit Soars 67% to ₹85.55 Cr

NEW DELHI: Mahindra Lifespace Developers has recorded a 66.9% rise in its net consolidated profit after tax, reaching ₹85.55 crore for the quarter ending June 30, 2026, up from ₹51.26 crore in the same quarter last year. The company’s total consolidated income surged to ₹977.54 crore in Q1 FY27 from ₹40.61 crore in Q1 FY26. Consolidated sales in residential, integrated cities, and industrial clusters climbed 70% year-on-year to ₹966 crore during the quarter. Residential pre-sales soared by 106% to ₹925 crore, with the company selling 0.60 million sq ft of saleable area, equating to 0.39 million sq. ft. of RERA…